ECONOMICS OF PRODUCTION

ECON436

Course Type

Elective Course

Course Level

Bachelor's Degree

Year of Study

Semester

ECTS

Name of Lecturer(s)

Learning Outcomes

At the end of this course, the students;

Mode of Delivery

Face to face

Prerequisites

Recommended Optional Programme Components

None

Course Description

This course deals with the production side of the economy and examines basic issues such as supply/demand/profit/cost/production.

Course Contents

WEEK	TOPICS
1^st Week	Scope/Nature of Production Economics and Structure of Business Enterprise
2^nd Week	Scope/Nature of Production Economics and Structure of Business Enterprise
3^rd Week	Scope/Nature of Production Economics and Structure of Business Enterprise
4^th Week	Theories of The Firm and Pricing Strategies/Practices
5^th Week	Theories of The Firm and Pricing Strategies/Practices
6^th Week	Theories of The Firm and Pricing Strategies/Practices
7^th Week	Midterm
8^th Week	Decision Making Under Risk and Uncertainty
9^th Week	Decision Making Under Risk and Uncertainty
10^th Week	Production and Cost Analysis
11^th Week	Production and Cost Analysis
12^th Week	Production and Cost Analysis
13^th Week	Project Management and Pricing Decision
14^th Week	Project Management and Pricing Decision

Recommended or Required Reading

Thomam C.R & Maurice, S.C., Managerial Economics, 2005.

Planned Learning Activities and Teaching Methods

Assessment Methods and Criteria

	Quantity	Percentage (%)
Mid-term	1	50
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	1	1
Preparation for Quiz
Individual or group work	14	3	42
Preparation for Final exam	1	30	30
Course hours	14	3	42
Preparation for Midterm exam	1	25	25
Laboratory (including preparation)
Final exam	1	1	1
Homework
Total Work Load			141
Total Work Load / 30 (h)			4.7
ECTS Credit of the Course			5

Language of Instruction

Turkish

Work Placement(s)