COURSE INFORMATION Course Title: MANAGERIAL ECONOMICS

Code	Course Type	Regular Semester	Theory	Practice	Lab	Credits	ECTS
ECO 505	A	3	3	0	0	3	6

Academic staff member responsible for the design of the course syllabus (name, surname, academic title/scientific degree, email address and signature)	NA
Lecturer (name, surname, academic title/scientific degree, email address and signature) and Office Hours:	Güngör Turan , 17.00-18.00 Thursdays
Second Lecturer(s) (name, surname, academic title/scientific degree, email address and signature) and Office Hours:	NA
Teaching Assistant(s) and Office Hours:	NA
Language:	English
Compulsory/Elective:	Compulsory
Classroom and Meeting Time:	18.00-20.45 on Thursdays
Course Description:	The course is devoted to a detailed study of an individual research theme on an assigned theoretical or applied business problem using application of economic theory (micro and macro) and the tools of analyses of decision decision science (math economics) to examine how a company achieve its aims or objectives most efficiently. Each student prepares a paper during the semester. The student is advised by an instructor in his/her research and is expected to write regular progress reports so that specific problems and aspects of his/her work can be discussed.
Course Objectives:	Managerial economics refers to the application of economics theory (micro and macro) and the tools of analysis of decision science (mathematical economics, statistics and econometric) to examine how an organization can achieve its aims or objectives most efficiently.

COURSE OUTLINE

Week	Topics
1	The nature and scope of managerial economics
2	Optimization techniques and new management tools
3	Demand theory and its worldwide applications-1
4	Demand theory and its worldwide applications-2
5	Production theory and its worldwide applications
6	Cost theory and its worldwide applications
7	Market structure: introduction
8	Market structure: perfect competition and monopolistic competition
9	Market structure: oligopoly and monopoly
10	Regulatory framework of market(s): the competition authority of Albania (CAA)
11	Project 1: market structure of banking sector in Albania
12	Project 2: market structure of mobile telecom sector in Albana
13	Project 3: market structure of internet provider sector in Albania
14	Project 4: market structure of energy distribution in Albania

Prerequisite(s):	no
Textbook:	Salvatore D., Managerial Economics-Principles and Worldwide Applications, Oxford University Press, 2007.
Other References:
Laboratory Work:
Computer Usage:
Others:	No

COURSE LEARNING OUTCOMES

1	Improving students managerial skills by using economic tools
2	Improving students decision making skill on management by using micro and macroeconomics
3	Improving students analytical and empirical skill in management
4	Understanding and learning contemporary management issues by using economics
5	Having professional and science knowledge on business economics

COURSE CONTRIBUTION TO... PROGRAM COMPETENCIES (Blank : no contribution, 1: least contribution ... 5: highest contribution)

No	Program Competencies	Cont.
Master of Science in Banking and Finance Program

COURSE EVALUATION METHOD

Method	Quantity	Percentage
Project	1	100
	Total Percent:	100%

ECTS (ALLOCATED BASED ON STUDENT WORKLOAD)

Activities	Quantity	Duration(Hours)	Total Workload(Hours)
Course Duration (Including the exam week: 16x Total course hours)	3	16	48
Hours for off-the-classroom study (Pre-study, practice)	3	16	48
Mid-terms			0
Assignments	1	14	14
Final examination	1	15	15
Other	5	5	25
Total Work Load:			150
Total Work Load/25(h):			6
ECTS Credit of the Course:			6