Economics and Finance(English) | |||||
Bachelor | TR-NQF-HE: Level 6 | QF-EHEA: First Cycle | EQF-LLL: Level 6 |
Course Code: | FNCE211 | ||||||||
Course Name: | Managerial Economics | ||||||||
Course Semester: |
Spring |
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Course Credits: |
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Language of instruction: | EN | ||||||||
Course Requisites: | |||||||||
Does the Course Require Work Experience?: | No | ||||||||
Type of course: | Faculty Elective | ||||||||
Course Level: |
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Mode of Delivery: | Face to face | ||||||||
Course Coordinator : | Prof. Dr. FATMA ÇİĞDEM ÇELİK | ||||||||
Course Lecturer(s): | |||||||||
Course Assistants: |
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. |
The students who have succeeded in this course;
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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 |
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 |
Learning Outcomes | 1 |
2 |
3 |
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Program Outcomes | ||||||||
1) Explain the advances in the area of economics and finance within the framework of scientific methodology, theories and models. | ||||||||
2) Employ the appropriate tools and analytical techniques to collect and analyze quantitative and qualitative data in the related areas, interpret results and propose solutions. | ||||||||
3) Explain the evolution of financial markets and institutions in a historical context and define how they operate. | ||||||||
4) Recognise the basic principles and regulations in the financial sector. | ||||||||
5) Discover and create entrepreneurial opportunities to successfully establish and develop their own ventures. | ||||||||
6) Recognise, interpret and discuss the current economic issues both at the national and global levels. | ||||||||
7) Have the English proficiency in following and interpreting the developments in the areas of economics and finance and in conducting written and oral communication. | ||||||||
8) Express the role of international capital markets in the global economy; accordingly define the concept of risk in terms of measurement and management. | ||||||||
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. |
No Effect | 1 Lowest | 2 Low | 3 Average | 4 High | 5 Highest |
Program Outcomes | Level of Contribution | |
1) | Explain the advances in the area of economics and finance within the framework of scientific methodology, theories and models. | |
2) | Employ the appropriate tools and analytical techniques to collect and analyze quantitative and qualitative data in the related areas, interpret results and propose solutions. | |
3) | Explain the evolution of financial markets and institutions in a historical context and define how they operate. | |
4) | Recognise the basic principles and regulations in the financial sector. | |
5) | Discover and create entrepreneurial opportunities to successfully establish and develop their own ventures. | |
6) | Recognise, interpret and discuss the current economic issues both at the national and global levels. | |
7) | Have the English proficiency in following and interpreting the developments in the areas of economics and finance and in conducting written and oral communication. | |
8) | Express the role of international capital markets in the global economy; accordingly define the concept of risk in terms of measurement and management. | |
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. |
Field Study | |
Individual study and homework | |
Lesson | |
Group study and homework | |
Lab | |
Project preparation |
Written Exam (Open-ended questions, multiple choice, true-false, matching, fill in the blanks, sequencing) | |
Oral Examination | |
Homework | |
Individual Project |
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 |
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 |