MBA

Programme
GraduateSchool of Business
http://www.mba.itb.ac.id
INSTITUT TEKNOLOGI BANDUNG

MM5006
Business Economic

Young Professional
2014

MASTER OF BUSINESS ADMINISTRATION

SCHOOL OF BUSINESS AND MANAGEMENT
INSTITUT TEKNOLOGI BANDUNG
http://www.sbm.itb.ac.id/mba

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Contents
1.

Vision and Mission of MBA-ITB..............................................................................2

2.

Learning Goals of MBA-ITB................................................................................... 2

3.

Learning Goals of This Course..............................................................................3

4.

Learning Outcomes of This Course.......................................................................3

5.

The Course Structure........................................................................................... 3

6.

The Course Plan................................................................................................... 5

7.

Lecturer Profile..................................................................................................... 8

8.

Grading................................................................................................................ 8

9.

Students Guidance............................................................................................... 9

10.References........................................................................................................... 10

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1. Vision and Mission of MBA-ITB

Vision:
To be A World Class Program of Master and Business Administration that Creates Ethical
and Entrepreneurial Leaders
Mission:
To educate and develop future leaders in business
To develop sustainable education program for building human resource capacity needed
for enhancing industry competitiveness in Indonesia

2. Learning Goals of MBA-ITB

In General, The MBA-ITBslearning goal is to develop students to have the following
characteristics :

A Strong competence in business and technology-based management as well as decision

making capabilities as demonstrated by business leaders in the world.
An ethical leadership and professional mindset
An entrepreneurial spirit both as professionals and as entrepreneurs.
Ability to make decisions based on human values in a systemmatic and integrated
manner so as to meet the needs of the community.

There are three programs atMBA ITB Bandung campus with specific learning goals as
follows:
A. Young Professional
The learning goal of this program is to build business sensitivity and business administration
knowledge and skills required to start career at managerial level.
B. Creative and Cultural Entrepreneurship (CCE)
The learning goal of this program is to teach students about doing business in creative and
culture sectors and how to manage their new business in these areas.
C. Executive MBA
The learning goal of this program to improve students agility in decision making and to
develop a holisticview of business which enables them to lead a business project on a higher
level effectively in todays business environment.

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3. Learning Goals of This Course

Business Economics or Managerial Economics is concerned with the application of economic
principles and methodologies to the decision making process of the business firm operating
under conditions of risk and uncertainty.
The course establishes important principles for business practice. Business practice is recognized
and incorporated into the discipline of Managerial Economics. The course is concerned about the
firms competitive strategy, rather than simply costs and revenues. The course will put into the
context of real-world business decision problems, to demonstrate methods of identifying
problems and finding solutions.

4. Learning Outcomes of This Course

The goal of this course is to develop students ability to explain why economic events happen the
way they do, and how firms and individuals can successfully react to events. To accomplish this
goal, we will work toward mastery of several economic principles that govern most economic
behavior. We will be particularly interested in understanding markets and competition because
those are the central realities of the modern economy.

5. The Course Structure

This course provides and covers (1) a general introduction to Managerial Economics, (2)
Microeconomics Theory and its Applications and (3) Macroeconomics Theory and its
Applications.
This course aims to (1) familiarize the managers with the economics problems and issues that
confront them daily, and (2) provide them with the concepts, insights and tools to help them to
make decisions and gain competitive advantage for their organizations.
The main goal of this course is to apply the tools of economic theory to address a series of
questions that the managers faced. Using the time-tested economic theory, this course will
explore the real world applications.

6. The Course Plan

The course relies heavily on the preparation and active participation of the participants. It is
assumed that students are prepared for each class and, in the best business school tradition, will
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not hesitate to use cold calls (that is, unsolicited questions to unsuspecting students). The grading
method, described below, puts a heavy weight on the quality and quantity of class participation.
We are happy to provide one-on-one feedback concerning participation as the semester
progresses.
We are a fervent believer in steady, honest feedback upward, downward, and lateral. There are a
number of occasions on which we will assess each other formally. We encourage you, however,
to let us know how things are going on a continual basis and to make suggestions to improve
your learning.

Week

Week 1

Outcome
(s)

Activity(ies)
Session 1

Preparation

Course
Introduction,
syllabus, and
clas
management

Evaluation

The Case 6
Situation &
Solutions
Discussion

Facilitat
or
ABN

Break
Session 2

The Firm and

Its Goals

Exercise &
Presentatio
n

AB
N

Break
Session 3

Week 2

Session 1

Supply &
Demand
Demand
Elasticity,

Case 7

Exercise &
Presentatio
n

Exercise &
Presentatio
n

AB
AB

Break
Session 2

Demand
Estimation &
Forecasting

AB

Break

Week 3

Session 3

Case Review

Session 1

The Theory
and Estimation
of Production
Break

Session 2

Theory and
Estimation of
Cost

Exercise &
Presentatio
n
Exercise &
Presentatio
n

Exercise &
Presentatio
n

AB
AB

AB
N

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Break
Session 3

Week 4

Session 1

Consumption
& Budget Line
Market
Structure I :
Perfect
Competition &
Monopoly

ABN

Case 8
Exercise &
Presentatio
n

ABN

AB
N

Break

Week 5

Session 2

Market
Structure II :
Oligopoly and
Monopolistic
Break

Exercise &
Presentatio
n

Session 3

Case Review

Session 1

Optimization
Techniques for
Business

Gas and Go
Operator gas
station
Problem
sets

ABN

AB
N

Break

Week 6
Week 7

Session 2

Game Theory
and Assymetric
Information
Break

Exercise &
Presentatio
n

AB
N

Session 3

Case Review

Exercise &
Presentatio
n

ABN

Mid Test
Session 1

Introduction to
Macroeconomic
s
Break

Indonesia
Economic
Outlook

AB
N

Session 2

Measuring
National
Output/Income,
Unemployment,
Inflation

Exercise &
Presentatio
n

AB
N

Exercise &
Presentatio
n

ABN

Break
Session 3

Case Review

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Week 8

Session 1

The Keynesian
Cross Model

Employmen
t and
unemployme
nt at the end
of 2012

AB
N

The Asian
Financial
Crises

AB
N

Break
Session 2

Money Supply
and Demand
Break

Week 9

Session 3

Monetary
Policy

Exercise &
Presentatio
n

Session 1

The
Government
and Fiscal
Policy

Governmen
t disagree on
how much
more
spending is
needed

AB
N

Exercise &
Presentatio
n

AB
N

Exercise &
Presentatio
n
Indonesia
Trade
Deficit

ABN

ABN

Break
Session 2

Case Review
Break

Week 10

Session 3

Case Review

Session 1

International
Trade

AB
N

Break
Session 2

Case Review

Case 3

AB
N

Break

Week 11

Session 3

Case Review

Session 1

Economic
Growth in
Developing and
Transitional
Countries
Break

Session 2

Case Review

Exercise &
Presentatio
n
Developme
nt in
Indonesia:
History and
MP3EI

Indonesia
and
Currency
Board

ABN
AB
N

AB
N

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Issues
Break
Session 3

Week 12

Case Review

Exercise &
Presentatio
n

ABN

Final Test

7. Lecturer Profile

Anggoro Budi Nugroho, SE, MBA

e-mail: anggoro@sbm-itb.ac.id
Office: SBM ITB Building 3rd Floor, Room 314
Phone No.: 022-2531923
Anggoro is part of the SBM full time faculty members, specializing in Business Risk and
Finance (BRF) expertise group. He finished bachelor education in business (management)
finance from Faculty of Economics, Gadjah Mada University and graduated cum laude in
finance risk management from the ITB MBA. He received Best MBA Award from JAMSOSTEK
in 2008.
His various past experience extended from junior economist in Gadjah Mada Universitys
research center of Penelitian dan Pengembangan Ekonomi (PPE), where he actively engaged as
junior economist in various micro and macroeconomic research. Some of these works included
government fiscal sustainability research with Indonesia Ministry of Finance (MoF), study on the
needs and availability of microfinance services: bringing best practices to local context (with
Asia Pacific Economic Cooperation/APEC), study of local investment opportunity (with Bank
Mandiri) and inflation and Gross Domestic Regional Product in North Sulawesi and Gorontalo
Province with Bank Indonesia.
He once also worked with oil and gas industry, obtaining his experience as procurement analyst
at ConocoPhillips Indonesia Inc. Ltd, Jakarta.
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He is currently an active member of ITB School of Business and Management (SBM) full-time
faculty with interest in financial and economic research, such as capital market, risk management
and political economy. Various research papers and articles had been published, one of which
was a latest study on term structure of Indonesian money market that earned Best Paper in SIBR
International Conference, Kuala Lumpur Malaysia, February 2013.
His latest work was with Indonesias Presidential office for unit of monitoring and development
accelerating (or Unit Kerja Presiden untuk Pengawasan dan Percepatan Pembangunan/UKP4),
whose resulted paper had been presented in KIN Kellog Business School Northwestern
University, The US, 2012.

8. Grading
Grading of this course is based on whether or not participants performance meets the module
standards for completion and proficiency in the subject materials.
Your final grade will be weighted as follows:
Aspect
Assignment
Participation
Mid and Final Examination

9.

%
20%
20%
60%

Description
Ind./group grade by facilitator/team
Individual grade by facilitator/team
Individual grade by facilitator

Students Guidance
In order to succeed, students are advised to do the followings:
1. Allocate sufficient time for self preparation
2. Discuss concepts and cases with their syndicate
3. Elaborate practical cases apart from cases given
4. Have a proper notes of all lecture
5. Contribute actively in the class

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10. References
Please mention main references that you use in this course. Make sure
that they are available for students at MBA ITB library. If not sufficient,
please ask the librarian to order it for you.
Main text book:

Supporting text:

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