PAÜ .:. Eğitim Öğretim Bilgi Sistemi

COURSE INFORMATION

Course Code	Course Title	L+P Hour	Semester	ECTS
EKON 420	MANAGERIAL ECONOMICS	3 + 0	6th Semester	5

COURSE DESCRIPTION

Course Level	Bachelor's Degree
Course Type	Elective
Course Objective	Apply to economic theory and quantitative methods to the managerial decision-making process. Explain to firms producing process in different market types. Analyze to effects of risk and uncertainty on firm’s decision process. Explain to market failure and government interventions on firms.
Course Content	Demand theory, production and costs, perfect competition, monopoly, duopol, oligopoly and imperfect competition, market types and pricing, market failure and government interventions.
Prerequisites	No the prerequisite of lesson.
Corequisite	No the corequisite of lesson.
Mode of Delivery	Face to Face

COURSE LEARNING OUTCOMES

1	-Developing the ability to understand and analyze managerial economics concepts.
2	Gaining the competence to associate economic theories with business and management decisions.
3	Developing the ability to apply microeconomics and macroeconomics principles in business and management
4	Gaining the competence to understand company behavior and analyze competitive strategies.
5	Developing the ability to analyze economic data and apply it to management decisions.
6	Students will be able to produce solutions to theoretical and practical problems of Managerial Economics through the methods they have learned and the skills they have acquired.

COURSE'S CONTRIBUTION TO PROGRAM

ECTS ALLOCATED BASED ON STUDENT WORKLOAD BY THE COURSE DESCRIPTION

Activities	Quantity	Duration (Hour)	Total Work Load (Hour)
Course Duration (14 weeks/theoric+practical)	14	3	42
Hours for off-the-classroom study (Pre-study, practice)	14	5	70
Mid-terms	1	7	7
Final examination	1	11	11
Total Work Load ECTS Credit of the Course			130 5

COURSE DETAILS

Select Year

Course Details

Course Code	Course Title	L+P Hour	Course Code	Language Of Instruction	Course Semester
EKON 420	MANAGERIAL ECONOMICS	3 + 0	1	English	2020-2021 Spring

Course Coordinator	E-Mail	Phone Number	Course Location	Attendance
Assoc. Prof. Dr. SİNEM PINAR GÜREL	pgurel@pau.edu.tr		İİBF A0206 İİBF C0207	%

Goals		Apply to economic theory and quantitative methods to the managerial decision-making process. Explain to firms producing process in different market types. Analyze to effects of risk and uncertainty on firm’s decision process. Explain to market failure and government interventions on firms.
Content		Demand theory, production and costs, perfect competition, monopoly, duopol, oligopoly and imperfect competition, market types and pricing, market failure and government interventions.

Topics

Weeks	Topics
1	Introduction to Managerial Economics, Relationships of Managerial economics to other disciplines
2	Demand and Supply, Equilibrium Price
3	The Theory of the Firm, Profit levels
4	Empirical Methods in Demand Analysis, Elasticities
5	Estimating and Forecasting Demand
6	Consumer Behaviour and Rational Choice
7	Production Theory
8	Midterm Exams
9	Cost Analyses
10	Market Structure, Strategic Behaviour and Pricing
11	Perfect Competition and Monopoly
12	Monopolistic Competition and Oligopoly
13	Risk Analyses and Capital Budgeting
14	Government and Business and International Trade

Materials

Materials are not specified.

Resources

Course Assessment

Assesment Methods	Percentage (%)	Assesment Methods Title
Final Exam	60	Final Exam
Midterm Exam	40	Midterm Exam

L+P: Lecture and Practice
PQ: Program Learning Outcomes
LO: Course Learning Outcomes

Prospective Student