Information Package
baskent.edu.tr

Master's of Business Administration with Thesis

MANT543

ECONOMICS FOR BUSINESS

Course Code
MANT543
Semester
First Term (Fall)
Theory+Practice
3 + 0
ECTS
10
Course TypeCompulsory Course
Course LevelMaster's Degree With Thesis
Year of Study1
SemesterFirst Term (Fall)
ECTS10
Name of Lecturer(s)
Learning Outcomes

At the end of this course, the students;

  1. Know the research subject of managerial economics and its connection with a business.
  2. Know the fundamental knowledge about business size, business mergers and collaborations.
  3. Know the business environment and its relations.
  4. Describe how microeconomic equilibrium is achieved through supply and demand.
Mode of DeliveryFace to face
PrerequisitesNo
Recommended Optional Programme Components
Course DescriptionWithin the scope of the course, the subjects of Business Administration and Economics are presented together. It is aimed to inform the students who take the course about the economic aspects of businesses, the environment of businesses, their structure, fundamental concepts, size, business mergers, selection of establishment location and fundamental business functions.
Course Contents
WEEK TOPICS
1st Week Markets and prices / Fundamentals of Supply and demand
2nd Week Consumer Behavior
3rd Week Individual and Market Request
4th Week Uncertainty and Consumer Behavior
5th Week Production, Production Costs
6th Week Profit Maximization and Competitive Supply
7th Week Analysis of Competitive Markets
8th Week Midterm
9th Week Market Reward Price
10th Week Game Theory
11th Week Factor Markets
12th Week Investment, Time and Capital Markets
13th Week Economic Activity
14th Week Asymmetric Information, Externalities and Public Goods
15th Week General Review
Recommended or Required ReadingRobert Pindyck and Daniel L. Rubinfeld, Microeconomics, 8th ed. Boston: Pearson, 2015.
Planned Learning Activities and Teaching Methods
  • Lecture
  • Discussion
  • Questions/Answers
Assessment Methods and Criteria
Quantity Percentage (%)
Mid-term 1 40
Presentation of Case Study 1 10
Total(%) 50
Contribution of In-term Studies to Overall Grade(%) 50
Contribution of Final Examination to Overall Grade(%) 50
Total(%) 100
ECTS Allocated Based on Student Workload
Activities Quantity Duration (Hour) Total Workload (Hour)
Midterm exam 1 2 2
Preparation for Quiz 1 10 10
Individual or group work
Preparation for Final exam 1 100 100
Course hours 15 3 45
Preparation for Midterm exam 1 40 40
Laboratory (including preparation)
Final exam 1 100 100
Homework 10 1 10
Total Work Load307
Total Work Load / 30 (h)10.23
ECTS Credit of the Course10
Language of InstructionTurkish
Work Placement(s)No

Programme Qualifications / Learning Outcomes

LO1 LO2 LO3 LO4
K1 X
K2 X X
K3
K4
K5
K6 X X X X
K7
K8
K9
K10
K11
K12
K13
K14
K15 X
K16