Business Administration (English)
Bachelor	TR-NQF-HE: Level 6	QF-EHEA: First Cycle	EQF-LLL: Level 6

General course introduction information

Course Code:

FNCE211

Course Name:

Managerial Economics

Course Semester:

Fall

Course Credits:

Theoretical	Practical	Credit	ECTS
3	0	3	7

Language of instruction:

Course Requisites:

Does the Course Require Work Experience?:

Type of course:

Faculty Elective

Course Level:

Bachelor

TR-NQF-HE:6. Master`s Degree

QF-EHEA:First Cycle

EQF-LLL:6. Master`s Degree

Mode of Delivery:

Face to face

Course Coordinator :

Prof. Dr. FATMA ÇİĞDEM ÇELİK

Course Lecturer(s):

Course Assistants:

Course Objective and Content

Course Objectives:	• Develop a clear understanding of the economic method in managerial decision making • Illustrate the central decision problems managers face and to provide the economic analysis they need to guide these decisions • Acquire a framework for understanding the nature of the firm as an integrated whole as opposed to a loosely connected set of functional departments
Course Content:	Demand and supply; estimating and forecasting demand, production, costs; estimating and forecasting costs; market equilibrium; perfect competition; monopoly; monopolistic competition; monopsony; oligopoly; pricing strategies; uncertainty; asymmetric information and organizational design; externalities.

Learning Outcomes

The students who have succeeded in this course;

Learning Outcomes

1 - Knowledge
Theoretical - Conceptual
1) • Identify the items in the balance of payments, current and capital accounts.
2) Apply some of the basic models of international trade theory to evaluate and critically analyze real problems in international economics.
3) • Describe and interpret how different trade policies affect welfare and income distribution in an economy.
2 - Skills
Cognitive - Practical
3 - Competences
Communication and Social Competence
Learning Competence
Field Specific Competence
Competence to Work Independently and Take Responsibility

Lesson Plan

Week	Subject	Related Preparation
1)	Introduction and Goals of the Firm	YOK
2)	Fundamental Economic Concepts	McGuigan, J. R., Moyer, R. C. and Harris, F. H. B.: Managerial Economics: Applications, Strategy, and Tactics, 14th ed., Cengage, 2017. ISBN-10: 1305506383 ISBN-13: 9781305506381
3)	Talep Analizi	READİNG
4)	Demand Analysis	READİNG
5)	Production Economics	READING
6)	Production Economics	READING
7)	Cost Analysis	READING
8)	Cost Analysis	READING
9)	Applications of Cost Theory	READING
10)	Prices, Output, and Strategy: Pure and Monopolistic Competition	READING
11)	Price and Output Determination: Monopoly and Dominant Firms	READING
12)	Price and Output Determination: Oligopoly	READİNG
13)	Pricing Techniques and Analysis	READING
14)	Government Regulation	READING
15)	FINAL EXAM (ALL CHAPTERS)	NONE

Sources

Course Notes / Textbooks:	J. R., Moyer, R. C. and Harris, F. H. B.: Managerial Economics: Applications, Strategy, and Tactics, 14th ed., Cengage, 2017. ISBN-10: 1305506383 ISBN-13: 9781305506381
References:	J. R., Moyer, R. C. and Harris, F. H. B.: Managerial Economics: Applications, Strategy, and Tactics, 14th ed., Cengage, 2017. ISBN-10: 1305506383 ISBN-13: 9781305506381

Course-Program Learning Outcome Relationship

Learning Outcomes	1	2	3
Program Outcomes
1) To be able to explain the basic concepts and basic theories of the business discipline
2) Ability to collect and analyze quantitative and qualitative data in the field of business administration using appropriate tools and analytical techniques, and to develop solution suggestions by interpreting the results.
3) To be able to understand the impact of technological developments, especially information technologies, on business processes and to develop technological solutions.
4) To use critical and creative thinking skills by analyzing the changing needs of the dynamic business world; to evaluate entrepreneurial opportunities, to manage change and to lead these processes.
5) To be able to act with a sense of leadership and responsibility by taking an active role in team work and business projects; to be able to communicate and collaborate effectively in different cultural environments, being aware of individual and cultural diversity.
6) Being able to use a foreign language effectively in the business world
7) To be able to adopt personal, professional and social ethical standards, to make ethical evaluations in business practices and to understand the importance of ethical behavior.
8) To be able to evaluate the economic, environmental and social impacts of businesses within the framework of sustainability.
9) Identify standards of personal, professional, social and business ethics, evaluate the ethical implications of various practices in the related areas, and be aware the importance of ethical behavior in adding value to the society
10) To be able to follow current economic, social and sectoral developments; to analyze the possible effects of these developments on businesses and to evaluate them in business decisions.

Course - Learning Outcome Relationship

No Effect	1 Lowest	2 Low	3 Average	4 High	5 Highest

	Program Outcomes	Level of Contribution
1)	To be able to explain the basic concepts and basic theories of the business discipline
2)	Ability to collect and analyze quantitative and qualitative data in the field of business administration using appropriate tools and analytical techniques, and to develop solution suggestions by interpreting the results.
3)	To be able to understand the impact of technological developments, especially information technologies, on business processes and to develop technological solutions.
4)	To use critical and creative thinking skills by analyzing the changing needs of the dynamic business world; to evaluate entrepreneurial opportunities, to manage change and to lead these processes.
5)	To be able to act with a sense of leadership and responsibility by taking an active role in team work and business projects; to be able to communicate and collaborate effectively in different cultural environments, being aware of individual and cultural diversity.
6)	Being able to use a foreign language effectively in the business world
7)	To be able to adopt personal, professional and social ethical standards, to make ethical evaluations in business practices and to understand the importance of ethical behavior.
8)	To be able to evaluate the economic, environmental and social impacts of businesses within the framework of sustainability.
9)	Identify standards of personal, professional, social and business ethics, evaluate the ethical implications of various practices in the related areas, and be aware the importance of ethical behavior in adding value to the society
10)	To be able to follow current economic, social and sectoral developments; to analyze the possible effects of these developments on businesses and to evaluate them in business decisions.

Learning Activity and Teaching Methods

Field Study
Individual study and homework
Lesson
Group study and homework
Lab
Project preparation

Assessment & Grading Methods and Criteria

Written Exam (Open-ended questions, multiple choice, true-false, matching, fill in the blanks, sequencing)
Oral Examination
Homework
Individual Project

Assessment & Grading

Semester Requirements	Number of Activities	Level of Contribution
Midterms	1	% 40
Final	1	% 60
total		% 100
PERCENTAGE OF SEMESTER WORK		% 40
PERCENTAGE OF FINAL WORK		% 60
total		% 100

Workload and ECTS Credit Grading

Activities	Number of Activities	Workload
Course Hours	16	48
Study Hours Out of Class	16	64
Project	1	12
Homework Assignments	6	12
Quizzes	4	2
Midterms	1	15
Final	1	22
Total Workload		175