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 Economics Program
1 The students are gained the ability to look at the problems of daily life from a broader perspective. They gain the needed skills not only to understand economic problems in economics but also to construct a model and defend in meaningful way. 5
2 They have knowledge about the microeconomics. 5
3 They have knowledge about the macroeconomics. 5
4 They have knowledge about the international economics and finance. 5
5 They have ability to use mathematical and statistical methods in economics. 5
6 They know how to use computer programs in both daily office usage and statistical data evaluations in public and private sector. 4
7 They have necessary economics skills that needed in private and public sector. 3
8 They are intended to be specialist in one of departmental fields that they choose from the list of general economics, growth and development, labor economics and labor market, environmental economics, agricultural economics, health economics, education economics and human development, political economics, international economics, monetary economics, finance economics, public finance, international financial markets and institutions, banking and central banking, international trade and banking, monetary economics and banking, 5
9 They have ability to utilize fundamental economic theories and tools to solve economic problems in economics. 5
10 They are aware of the fact that economics is a social science and they respect the social perspectives and social values of the society’s ethics. 4
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