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Information
| Code | EKO701 |
| Name | Managerial Economics |
| Term | 2022-2023 Academic Year |
| Term | Spring |
| Duration (T+A) | 3-0 (T-A) (17 Week) |
| ECTS | 6 ECTS |
| National Credit | 3 National Credit |
| Teaching Language | Türkçe |
| Level | Yüksek Lisans Dersi |
| Type | Normal |
| Mode of study | Yüz Yüze Öğretim |
| Catalog Information Coordinator | Dr. Öğr. Üyesi MUSTAFA ILDIRAR |
| Course Instructor |
1 |
Course Goal / Objective
Managerial Economics is concerned with the application of economic principles and methodologies to key management decisions in organizations. It provides a better understanding of the foreign trade environment in which an organization operates, as well as principles to support the organization's objectives. The main objective of the course is to develop tools.
Course Content
Managerial Economics examines economic principles and methodologies applied to key managerial decisions in firms and organizations. It provides the background for understanding the organization's decisions to output and shut down production as well as conflicts of interest within a firm. The course provides this learning in a context that emphasizes strategic behavior and global economies. Topics cover management decision making, supply and demand, empirical methods, organization and objectives of the firm, competition and monopoly, pricing with market power, oligopoly, game theory, uncertainty, and the economic foundations of global trade.
Course Precondition
There are no prerequisites.
Resources
Microeconomics: Theory and Applications with Calculus Plus MyEconLab with Pearson eText Managerial Economics: An Analysis of Business Issues, 3/E Howard Davies, Hong Kong Polytechnic; Pun-Lee Lam, Hong Kong Polytechnic
Notes
Microeconomics: Theory and Applications with Calculus Plus MyEconLab with Pearson eText Managerial Economics: An Analysis of Business Issues, 3/E Howard Davies, Hong Kong Polytechnic; Pun-Lee Lam, Hong Kong Polytechnic
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | Learns all information about business functions. |
| LO02 | To be able to use advanced theoretical and practical knowledge in the field of business administration. |
| LO03 | Have knowledge about the Objectives of Business and the Basic Models of the Firm. |
| LO04 | Learns the concepts of Risk and Uncertainty. |
| LO05 | To have sufficient awareness of quality management and processes, environmental protection and occupational safety. |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | Bilgi - Kuramsal, Olgusal | Explains the importance of demand and supply and the conditions of the market economy to work better | 5 |
| PLO02 | Bilgi - Kuramsal, Olgusal | Specifies the role of the market economy, the price advantage of the event. | |
| PLO03 | Bilgi - Kuramsal, Olgusal | Specifies the role of the price advantage in market economy | |
| PLO04 | Bilgi - Kuramsal, Olgusal | Faces with challenges, produces a numerical and policy options. | |
| PLO05 | Bilgi - Kuramsal, Olgusal | Applies the methods of economic analysis. | 5 |
| PLO06 | Bilgi - Kuramsal, Olgusal | Acquires the ability of analyzing in the conceptual level ,compares interprets, evaluates and synthesizes ideas in order to develop solutions to the problems. | |
| PLO07 | Bilgi - Kuramsal, Olgusal | Uses the theory of economics in analyzing the economic events | 4 |
| PLO08 | Bilgi - Kuramsal, Olgusal | Explains economic issues such as determinants of economic growth, causes and costs of unemployment, globalization and economic interdependence of nations. | 4 |
| PLO09 | Beceriler - Bilişsel, Uygulamalı | Evaluates academic writings related to the field of economics. | 4 |
| PLO10 | Bilgi - Kuramsal, Olgusal | Takes responsibility individually and / or in a team,leads a team and works effectively | 4 |
| PLO11 | Bilgi - Kuramsal, Olgusal | With the awareness of the necessity of life-long learning, follows the latest developments about his field and improves himself | 5 |
| PLO12 | Yetkinlikler - Alana Özgü Yetkinlik | Recognize and apply social, scientific and professional ethical values. | |
| PLO13 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Expresses himself/herself accurately, both orally and in writing. |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | Definition and Scope of Management Economics | Reading | Öğretim Yöntemleri: Anlatım |
| 2 | Objectives of Business and Basic Models of the Firm | Reading | Öğretim Yöntemleri: Anlatım |
| 3 | Firm Ownership and Control | Reading | Öğretim Yöntemleri: Anlatım |
| 4 | Consumer Behavior, Demand and Elasticity | Reading | Öğretim Yöntemleri: Anlatım |
| 5 | Demand Forecasting Methods | Reading | Öğretim Yöntemleri: Anlatım |
| 6 | Basic Models of Competitive Structure | Reading | Öğretim Yöntemleri: Anlatım |
| 7 | The Five Forces of Competitive Structure Approach | Reading | Öğretim Yöntemleri: Anlatım |
| 8 | Mid-Term Exam | Preparation for the exam | Ölçme Yöntemleri: Yazılı Sınav, Sözlü Sınav, Ödev |
| 9 | Game Theory and Oligopoly | Reading | Öğretim Yöntemleri: Anlatım |
| 10 | Pricing in Practice | Reading | Öğretim Yöntemleri: Anlatım |
| 11 | Non-price-based Competition and the Marketing Mix | Reading | Öğretim Yöntemleri: Anlatım |
| 12 | Investment Decisions and Cost of Capital | Reading | Öğretim Yöntemleri: Anlatım |
| 13 | Analysis of the Economy and Business Strategy | Reading | Öğretim Yöntemleri: Anlatım |
| 14 | Managerial Economics: Information Sector and the Internet | Reading | Öğretim Yöntemleri: Anlatım |
| 15 | Competition Policy | Reading | Öğretim Yöntemleri: Anlatım |
| 16 | Term Exams | Prepara to exam | Ölçme Yöntemleri: Yazılı Sınav, Sözlü Sınav |
| 17 | Term Exams-2 | Prepare to exam | Ölçme Yöntemleri: Yazılı Sınav |
Student Workload - ECTS
| Works | Number | Time (Hour) | Workload (Hour) |
|---|---|---|---|
| Course Related Works | |||
| Class Time (Exam weeks are excluded) | 14 | 3 | 42 |
| Out of Class Study (Preliminary Work, Practice) | 14 | 5 | 70 |
| Assesment Related Works | |||
| Homeworks, Projects, Others | 0 | 0 | 0 |
| Mid-term Exams (Written, Oral, etc.) | 1 | 15 | 15 |
| Final Exam | 1 | 30 | 30 |
| Total Workload (Hour) | 157 | ||
| Total Workload / 25 (h) | 6,28 | ||
| ECTS | 6 ECTS | ||