|FINANCIAL TECHNOLOGY (ENGLISH, THESIS)|
|Master||TR-NQF-HE: Level 7||QF-EHEA: Second Cycle||EQF-LLL: Level 7|
|Course Code||Course Name||Semester||Theoretical||Practical||Credit||ECTS|
|This catalog is for information purposes. Course status is determined by the relevant department at the beginning of semester.|
|Language of instruction:||English|
|Type of course:||Departmental Elective|
|Mode of Delivery:||Face to face|
|Course Coordinator :||HANDE SAĞLAM|
Assoc. Prof. EMİN KÖKSAL
Dr. Öğr. Üyesi FULYA TAŞEL
Assoc. Prof. BÜLENT ANIL
Instructor NURİYE ZEYNEP ÖKTEN
Prof. Dr. SADULLAH ÇELİK
Dr. Öğr. Üyesi BORA ERDAMAR
|Recommended Optional Program Components:||Optional Course Materials: videos, games, etc.|
|Course Objectives:||Managerial Economics is an advanced course that aims to apply economic analysis to a wide array of business problems. The course offers a balanced coverage of traditional and modern microeconomic tools. It begins by teaching the practical utility of basic economic tools such as present value analysis, supply & demand, the basic models of perfect competition, monopoly, and monopolistic competition. It also offers real-world examples which includes modern topics such as oligopoly, multistage & repeated games, vertical & horizontal integration, networks, predatory pricing, principal–agent problems, adverse selection, auctions, limit pricing, and a host of other pricing strategies for firms enjoying market power.|
The students who have succeeded in this course;
After completing this class you should be able to:
• Explain the role of profits in a market economy.
• Use marginal analysis to determine the optimal level of a managerial control variable.
• Make investment decisions that increase firm value.
• Set optimal prices and price discriminate.
• Predict industry-level changes using demand/supply analysis.
• Develop long-run strategies to increase firm value.
• Use game theory to predict how your actions influence those of others.
• Make decisions in uncertain environments.
• Solve the problems caused by moral hazard and adverse selection.
• Align individual incentives with the goals of the company.
• Align division incentives with the goals of the company.
• Manage relationships between upstream suppliers or downstream retailers.
• Identify sources of market failure.
|The Fundamentals of Managerial Economics
Market Forces: Demand and Supply
Quantitative Demand Analysis
The Theory of Individual Behavior
The Production Process and Costs
The Organization of the Firm
The Nature of Industry
Managing in Competitive, Monopolistic, and Monopolistically Competitive Markets
Basic Oligopoly Models
Game Theory: Inside Oligopoly
Pricing Strategies for Firms with Market Power
The Economics of Information
Advanced Topics in Business Strategy
A Manager’s Guide to Government in the Marketplace
|1)||The Fundamentals of Managerial Economics|
|2)||Market Forces: Demand and Supply|
|3)||Quantitative Demand Analysis|
|4)||The Theory of Individual Behavior|
|5)||The Production Process and Costs|
|6)||The Organization of the Firm|
|7)||The Nature of Industry|
|9)||Basic Oligopoly Models|
|10)||Game Theory: Inside Oligopoly|
|11)||Pricing Strategies for Firms with Market Power|
|12)||The Economics of Information|
|13)||Advanced Topics in Business Strategy|
|14)||A Manager’s Guide to Government in the Marketplace|
|Course Notes / Textbooks:||Managerial Economics & Business Strategy by Michael BAYE, McGraw-Hill, 7th edition, 2010.|
|Semester Requirements||Number of Activities||Level of Contribution|
|Homework Assignments||3||% 30|
|PERCENTAGE OF SEMESTER WORK||% 30|
|PERCENTAGE OF FINAL WORK||% 70|
|Activities||Number of Activities||Duration (Hours)||Workload|
|Study Hours Out of Class||14||6||84|
|No Effect||1 Lowest||2 Low||3 Average||4 High||5 Highest|
|Program Outcomes||Level of Contribution|