COURSE UNIT TITLE

: MANAGERIAL ECONOMICS

Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS
ECO 4212 MANAGERIAL ECONOMICS ELECTIVE 3 0 0 6

Offered By

Economics (English)

Level of Course Unit

First Cycle Programmes (Bachelor's Degree)

Course Coordinator

ASSOCIATE PROFESSOR ISTEMI BERK

Offered to

International Trade and Business (English)
Economics (English)
International Business and Trade (English)

Course Objective

This course provides a general discussion on a wide variety of microeconomic topics, with a slant toward how firm managers apply the information to business problems. This course will apply the tools of economic analysis to various business-related problems to illustrate a common core of analytic methods.

Learning Outcomes of the Course Unit

1   Provide better understanding on how firm managers apply the information to business problems.
2   Demonstrate understanding of the application of economic theory and the tools of decision science to examine how an organization can achieve its aims or objectives most efficiently.
3   Identify different kinds of market structures, allowing the learner to recognize the business environment in which a firm operates.
4   Demonstrate understanding strategic decision-making process of firms in business environment.

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

ECO 2001 - MICROECONOMICS I

Recomended Optional Programme Components

None

Course Contents

Week Subject Description
1 Review of calculus and optimization techniques Textbook/Lecture Notes
2 Demand Theory Textbook
3 Demand Estimation Textbook
4 Demand Forecasting Textbook
5 Production Textbook
6 Costs Textbook
7 Costs Textbook
8 Perfect Competition Textbook
9 Pricing Textbook
10 Monopolistic Competition Textbook
11 Oligopoly Textbook
12 Game Theory Textbook
13 Game Theory Textbook
14 Government and Markets Textbook

Recomended or Required Reading

Managerial Economics (2004), Advin Mansfield, W.B Allen, N. A. Doherty, K. Weigelt, Norton

Planned Learning Activities and Teaching Methods

1. Lectures
2. Class Discussions
3. Reading

Assessment Methods

SORTING NUMBER SHORT CODE LONG CODE FORMULA
1 MT Midterm
2 FN Final
3 FCG FINAL COURSE GRADE MT * 0.40 + FN * 0.60
4 RST RESIT
5 FCGR FINAL COURSE GRADE (RESIT) MT * 0.40 + RST * 0.60


Further Notes About Assessment Methods

1. Midterm
2. Final

Assessment Criteria

1. The learner will clearly define microeconomic concepts
2. The learner will build econometric models to estimate demand for a firm s product.
3. The learner will clearly define basic concepts used in non-cooperative game theory.
4. The learner will clearly define strategies form by the firms in business environment.
5. The learner will identify the market structure in which a specific product is produced and sold.
6. The learner will clearly define scale economies, scope economies and managerial efficiency concepts

Language of Instruction

English

Course Policies and Rules

1. Attending at least 70 percent of lectures is mandatory.
2. Plagiarism of any type will result in disciplinary action.

Contact Details for the Lecturer(s)

To be announced.

Office Hours

To be announced.

Work Placement(s)

None

Workload Calculation

Activities Number Time (hours) Total Work Load (hours)
Lectures 14 3 42
Tutorials 7 2 14
Preparations before/after weekly lectures 14 2 28
Preparation for final exam 1 30 30
Preparation for midterm exam 1 30 30
Midterm 1 2 2
Final 1 2 2
TOTAL WORKLOAD (hours) 148

Contribution of Learning Outcomes to Programme Outcomes

PO/LOPO.1PO.2PO.3PO.4PO.5PO.6PO.7PO.8PO.9PO.10PO.11PO.12PO.13PO.14PO.15
LO.1555554
LO.254554
LO.3454
LO.454