COURSE INFORMATION
Course Title: MANAGERIAL ECONOMICS
Code Course Type Regular Semester Theory Practice Lab Credits ECTS
ECO 505 B 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
Main Course Lecturer (name, surname, academic title/scientific degree, email address and signature) and Office Hours: Prof.Dr. Güngör Turan gturan@epoka.edu.al , 16.00-18.00 PM Thursdays
Second Course 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
Study program: (the study for which this course is offered) Master of Science in Business Administration
Classroom and Meeting Time: 18.00-20.45 PM on Mondays
Code of Ethics: Code of Ethics of EPOKA University
Regulation of EPOKA University "On Student Discipline"
Attendance Requirement: %75
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: Learning and understanding of how to use economic theory and decision making tools in managerial cases.
BASIC CONCEPTS OF THE COURSE
1 managerial economics
2 micro theory
3 macro theory
4 firm theory
5 pricing
6 competition
7 optimization
8 market structures
9 profit max
10 cost min
COURSE OUTLINE
Week Topics
1 Introduction to teaching method, implementation of the course/syllabus and summary of topics/weeks
2 The nature and scope of managerial economics: managerial decision making
3 Demand analysis: theory and cases
4 Production and cost analysis: theory and cases
5 Market structure and pricing-1: theory and cases
6 Market structure and pricing-2: theory and cases
7 Discussion and review final projects-1: introduction and literature review
8 Discussion and review final projects-2: methodology: conducting a survey
9 Discussion and review final projects-3: empirical analysis and results
10 Discussion and review final projects-4: conclusion and recommendations
11 Final Project presentations-1
12 Final Project presentations-2
13 Final Project presentations-3
14 Final Project presentations-4
Prerequisite(s): no
Textbook(s): Dominick Salvatore, Managerial Economics: principles and worldwide applications, Oxford University Press, 2019.
Additional Literature: -
Laboratory Work: not required
Computer Usage: internet access in the classroom
Others: No
COURSE LEARNING OUTCOMES
1 Introduction to teaching method, implementation of the course/syllabus and summary of topics/weeks
2 The nature and scope of managerial economics: managerial decision making
3 Demand analysis: theory and cases
4 Production and cost analysis: theory and cases
5 Market structure and pricing-1: theory and cases
6 Market structure and pricing-2: theory and cases
7 Empirical comparative case study: introduction and literature review
8 Empirical comparative case study: methodology
9 Empirical case study: analysis and results
10 Empirical case study: conclusion and recommendations
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. 4
COURSE EVALUATION METHOD
Method Quantity Percentage
Presentation
1
40
Project
1
60
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) 6 23.25 139.5
Mid-terms 0 15 0
Assignments 0
Final examination 0 0
Other 0 0
Total Work Load:
187.5
Total Work Load/25(h):
7.5
ECTS Credit of the Course:
7.5
CONCLUDING REMARKS BY THE COURSE LECTURER

The student will get how to use economic theory in solving managerial decision problems.