EPOKA UNIVERSITY
FACULTY OF ECONOMICS AND ADMINISTRATIVE SCIENCES
DEPARTMENT OF ECONOMICS
COURSE SYLLABUS
COURSE INFORMATIONCourse 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 Economics Program | ||
| 1 | Students apply advanced knowledge in economics | 4 |
| 2 | Students explain the interaction between related disciplines and economics | 5 |
| 3 | Students apply scientific methods to address economic problems | 5 |
| 4 | Students define existing theory in a specialized branch of economics | 5 |
| 5 | Students critically evaluate knowledge in economics and carry out advanced research independently | 5 |
| 6 | Students develop economic models and formulate policy options | 5 |
| 7 | Students make an original contribution to the discipline | 5 |
| 8 | Students effectively communicate in a variety of professional and academic contexts | 5 |
| 9 | Students will develop new strategic approaches for unexpected, complicated situations in economics and take responsibility in solving them | 5 |
| 10 | Students uphold and defend ethical values data collection, interpretation and dissemination | 5 |
| 11 | Students use advanced empirical analyses to address social problems | 5 |
| 12 | Students interact with professional networks in their field of specialization | 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 | ||