COURSE INFORMATION Course Title: MANAGERIAL ECONOMICS

Code	Course Type	Regular Semester	Theory	Practice	Lab	Credits	ECTS
ECO 505	A	3	3	0	0	3	7.5

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:	Naqeeb Ur Rehman , 9:00 TO 5:00PM
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 TO 20:00
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 is one of the most important subject which can help students in their professional career. Trough this course, students would be able to learn economic analysis using micro level theories.

COURSE OUTLINE

Week	Topics
1	Introduction
2	Supply and demand curves
3	Price elasticity of demand
4	Production function
5	Estimation of cost (quiz 1)
6	Perfect competition
7	Review and exercises
8	Mid Term
9	Monopolistic competition
10	Game theory
11	Capital budgeting
12	Capital budgeting (cont.)
13	Exercises (quiz 2)
14	Review Session

Prerequisite(s):	NA
Textbook:	Managerial Economics, Economic Tools for Decision Makers, Paul. G. Keat and Young, 5th Edition.
Other References:	Economics, Lipsey and Chrystal
Laboratory Work:	NA
Computer Usage:	NA
Others:	No

COURSE LEARNING OUTCOMES

1	Why managerial economics is important?
2	Demand and supply mechanism
3	Price elasticity of demand
4	Costs of the firm in the short and long run
5	Production fuction
6	Theory of market structure
7	Perfect competition
8	Monopolistic competition and Game theory
9	Class exercises
10	Capital budgeting

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

No	Program Competencies	Cont.
Master of Science in Business Administration Program
1	Integrate theories from business and economics to tackle business problem	5
2	Inspire an open minded-attitude through continuous learning and team-work.	5
3	Demonstrate ethical, social, and legal responsibilities in organizations	5
4	Organize and pursue scientific research projects	5
5	Enhance persuasive communication and presentation capabilities.	5
6	Critically evaluate contemporary research in specific business areas.	5

COURSE EVALUATION METHOD

Method	Quantity	Percentage
Midterm Exam(s)	1	30
Project	1	30
Final Exam	1	35
Attendance		5
	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)	16	3	48
Hours for off-the-classroom study (Pre-study, practice)	1	42	42
Mid-terms	1	3	3
Assignments	1	14	14
Final examination	1	3	3
Other	1	40	40
Total Work Load:			150
Total Work Load/25(h):			6
ECTS Credit of the Course:			7.5