EKO701 Managerial Economics

6 ECTS - 3-0 Duration (T+A)- . Semester- 3 National Credit

Information

Code EKO701
Name Managerial Economics
Term 2023-2024 Academic Year
Semester . Semester
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 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

Update Time: 09.05.2023 09:46