GRADUATE SCHOOL
Executive MBA (Turkish / Without Thesis)
ISL 513 | Course Introduction and Application Information
| Course Name |
Economics for Executives
|
|
Code
|
Semester
|
Theory
(hour/week) |
Application/Lab
(hour/week) |
Local Credits
|
ECTS
|
|
ISL 513
|
Fall/Spring
|
3
|
0
|
3
|
7.5
|
| Prerequisites |
None
|
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| Course Language |
Turkish
|
|||||
| Course Type |
Elective
|
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| Course Level |
Second Cycle
|
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| Mode of Delivery | - | |||||
| Teaching Methods and Techniques of the Course | DiscussionProblem SolvingQ&ALecture / Presentation | |||||
| Course Coordinator | ||||||
| Course Lecturer(s) | ||||||
| Assistant(s) | ||||||
| Course Objectives | This course examines the use of economic information and analysis in making business decisions. Topics include: modeling concepts, demand analysis and forecasting, production and cost analysis, pricing, and uncertainty. |
| Learning Outcomes |
The students who succeeded in this course;
|
| Course Description | This course examines the use of economic information and analysis in making business decisions. Students will further develop their understanding of microeconomic analysis and its relevance to real business and develop an understanding of the scope and limitations of economic analysis in solving business problems. Topics include: modeling concepts, demand analysis and forecasting, production and cost analysis, pricing, competitive markets, imperfect competition, monopoly, monopsony, oligopolies, and uncertainty. |
|
|
Core Courses | |
| Major Area Courses |
X
|
|
| Supportive Courses | ||
| Media and Management Skills Courses | ||
| Transferable Skill Courses |
WEEKLY SUBJECTS AND RELATED PREPARATION STUDIES
| Week | Subjects | Related Preparation |
| 1 | Managers and Economics | Thomas Webster, Managerial Economics: Tools for analysing Bussiness Startegy, Lanham: Lexington Books, 2015, ebook |
| 2 | Demand, Supply, and Equilibrium Prices | Thomas Webster, Managerial Economics: Tools for analysing Bussiness Startegy, Lanham: Lexington Books, 2015, ebook |
| 3 | Demand Elasticities | Thomas Webster, Managerial Economics: Tools for analysing Bussiness Startegy, Lanham: Lexington Books, 2015, ebook |
| 4 | Techniques for Understanding Consumer Demand and Behavior | Thomas Webster, Managerial Economics: Tools for analysing Bussiness Startegy, Lanham: Lexington Books, 2015, ebook |
| 5 | Production and Cost Analysis in the Short Run | Thomas Webster, Managerial Economics: Tools for analysing Bussiness Startegy, Lanham: Lexington Books, 2015, ebook |
| 6 | Production and Cost Analysis in the Long Run | Thomas Webster, Managerial Economics: Tools for analysing Bussiness Startegy, Lanham: Lexington Books, 2015, ebook |
| 7 | Market Structure: Perfect Competition | Thomas Webster, Managerial Economics: Tools for analysing Bussiness Startegy, Lanham: Lexington Books, 2015, ebook |
| 8 | Market Structure: Monopoly and Monopolistic Competition | Thomas Webster, Managerial Economics: Tools for analysing Bussiness Startegy, Lanham: Lexington Books, 2015, ebook |
| 9 | Market Structure: Oligopoly & Game Theory | Thomas Webster, Managerial Economics: Tools for analysing Bussiness Startegy, Lanham: Lexington Books, 2015, ebook |
| 10 | State and Markets | Thomas Webster, Managerial Economics: Tools for analysing Bussiness Startegy, Lanham: Lexington Books, 2015, ebook |
| 11 | Measuring Macroeconomic Activity: GDP and Growth | Thomas Webster, Managerial Economics: Tools for analysing Bussiness Startegy, Lanham: Lexington Books, 2015, ebook |
| 12 | Measuring GDP | Thomas Webster, Managerial Economics: Tools for analysing Bussiness Startegy, Lanham: Lexington Books, 2015, ebook |
| 13 | Money and Inflation | Thomas Webster, Managerial Economics: Tools for analysing Bussiness Startegy, Lanham: Lexington Books, 2015, ebook |
| 14 | Exchange Rate Theories | Thomas Webster, Managerial Economics: Tools for analysing Bussiness Startegy, Lanham: Lexington Books, 2015, ebook |
| 15 | Review of the Semester | |
| 16 | Final Exam |
| Course Notes/Textbooks | Thomas Webster, Managerial Economics: Tools for analysing Bussiness Startegy, Lanham: Lexington Books, 2015, ebook |
| Suggested Readings/Materials | Perloff and Brander Managerial Economics and Strategy, Pearson Education. 2020. ISBN: ISBN 10: 0-13-518378-2 Wortinhton,Bitton and Rees, Economics for Business,Prentice Hall. 2005. ISBN: 0- 273-68560-0 |
EVALUATION SYSTEM
| Semester Activities | Number | Weigthing |
| Participation |
1
|
10
|
| Laboratory / Application | ||
| Field Work | ||
| Quizzes / Studio Critiques | ||
| Portfolio | ||
| Homework / Assignments |
1
|
40
|
| Presentation / Jury | ||
| Project | ||
| Seminar / Workshop | ||
| Oral Exams | ||
| Midterm | ||
| Final Exam |
1
|
50
|
| Total |
| Weighting of Semester Activities on the Final Grade |
2
|
50
|
| Weighting of End-of-Semester Activities on the Final Grade |
1
|
50
|
| Total |
ECTS / WORKLOAD TABLE
| Semester Activities | Number | Duration (Hours) | Workload |
|---|---|---|---|
| Theoretical Course Hours (Including exam week: 16 x total hours) |
16
|
3
|
48
|
| Laboratory / Application Hours (Including exam week: '.16.' x total hours) |
16
|
0
|
|
| Study Hours Out of Class |
15
|
3
|
45
|
| Field Work |
0
|
||
| Quizzes / Studio Critiques |
0
|
||
| Portfolio |
0
|
||
| Homework / Assignments |
1
|
55
|
55
|
| Presentation / Jury |
0
|
||
| Project |
0
|
||
| Seminar / Workshop |
0
|
||
| Oral Exam |
0
|
||
| Midterms |
0
|
||
| Final Exam |
1
|
65
|
65
|
| Total |
213
|
COURSE LEARNING OUTCOMES AND PROGRAM QUALIFICATIONS RELATIONSHIP
|
#
|
Program Competencies/Outcomes |
* Contribution Level
|
||||
|
1
|
2
|
3
|
4
|
5
|
||
| 1 | To be able to demonstrate general business knowledge and skills. |
X | ||||
| 2 | To be able to demonstrate business communication skills effectively. |
|||||
| 3 | To be able to deliver creative and innovative solutions to the business-related problems. |
X | ||||
| 4 | To be able to evaluate the performance of business organizations through a holistic approach. |
X | ||||
| 5 | To be able to lead their peers and companies for the achievement of business goals. |
X | ||||
| 6 | To be able to perform well in teamwork projects and business tasks. |
X | ||||
| 7 | To be able to exhibit an ethical and socially responsible behavior in conducting research and making business decisions. |
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| 8 | To be able to solve business related problems using analytical and technological tools and techniques. |
|||||
| 9 | To develop a solution to business problems through systematic research. |
X | ||||
| 10 | To be able to use a foreign language to follow information about the field of finance and participate in discussions in academic environments. |
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*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest