TYPE OF COURSE UNIT	Elective Course
LEVEL OF COURSE UNIT	Bachelor's Degree
YEAR OF STUDY	-
SEMESTER	-
NUMBER OF ECTS CREDITS ALLOCATED	5
NAME OF LECTURER(S)	-
LEARNING OUTCOMES OF THE COURSE UNIT	At the end of this course, the students; 1) Know the research subject of managerial economics and its connection with business. 2) Know the economic environment and its relations with business. 3) Understand the production factors of business. 4) Know the elements of microeconomic theory related to business. 5) Know the role and methods of microeconomic theory elements in the decision-making process of the establishment location in business. 6) Understand the roles of these elements in the decision-making process related to capacity and growth in business. 7) Understand the contribution of managerial economics to business functions.
MODE OF DELIVERY	Face to face
PRE-REQUISITES OF THE COURSE	Yes(BUS101)
RECOMMENDED OPTIONAL PROGRAMME COMPONENT	No
COURSE DEFINITION	Within the scope of the course, the subjects of Business Administration and Economics are presented together. It is aimed to inform the students who take the course on the economic aspects of businesses, economic environment elements, production factors, the roles of microeconomic theory elements in the decision-making process in business and the contribution of business economics to business functions.
COURSE CONTENTS	WEEK TOPICS 1st Week Introduction To The Course: What Is Managerial Economics? 2nd Week Economics and Business Relationship 3rd Week Economic Environment: Economic Markets and Systems 4th Week Factors of Production and Production 5th Week Demand Theory and Demand Elasticities 6th Week Cost Theory 7th Week Sales Revenue, Price, Pricing, Profit and Break-Even Analysis 8th Week Mid-term Exam 9th Week Productivity, Efficiency, Effectiveness, Profitability and Liquidity Analysis 10th Week Optimal Establishment Location 11th Week Economy of Scale, Capacity and Growth Decisions 12th Week The Contribution of Managerial Economics to Business Functions-1 13th Week The Contribution of Managerial Economics to Business Functions-2 14th Week Overall Assessment and Review
RECOMENDED OR REQUIRED READING	Hirschey, M.,: Managerial Economics, New York, 2008.
PLANNED LEARNING ACTIVITIES AND TEACHING METHODS	Discussion,Lecture
ASSESSMENT METHODS AND CRITERIA	Quantity Percentage(%) Mid-term 1 30 Assignment 1 20 Attendance 1 10 Total(%) 60 Contribution of In-term Studies to Overall Grade(%) 60 Contribution of Final Examination to Overall Grade(%) 40 Total(%) 100
ECTS WORKLOAD	Activities Number Hours Workload Midterm exam 1 2 2 Preparation for Quiz Individual or group work 15 1 15 Preparation for Final exam 1 50 50 Course hours 14 3 42 Preparation for Midterm exam 1 30 30 Laboratory (including preparation) Final exam 1 2 2 Homework 1 20 20 Quiz Total Workload 161 Total Workload / 30 5,36 ECTS Credits of the Course 5
LANGUAGE OF INSTRUCTION	English
WORK PLACEMENT(S)	No