Course Language:
İngilizce
Course Coordinator:
Course Objectives:
The fundamental purpose of the course is to provide students with the tools from intermediate microeconomics, game theory, and industrial organization that they need to make sound managerial decisions in logistics companies.
Course Content:
What are the fundamentals of microeconomics, what is demand and supply, quantitative demand analyses, game theory, the theory of individual behaviour, the production process and costs, the organization of the firm, the nature of industry, competitive markets, game theory, pricing strategies, and topics in business strategy?
Course Methodology:
1: Lecture, 2: Question-Answer, 3: Discussion, 4: Simulation, 5: Case Study
Course Evaluation Methods:
A: Testing, B: Presentation, C: Homework, D: Project, E: Laboratory
Vertical Tabs
Course Learning Outcomes
| Learning Outcomes | Program Learning Outcomes | Teaching Methods | Assessment Methods |
| To analyse and understand the problems in businesses | 1,2,4,5,6,7,8,15,18,19 | 1,2,3 | A, C |
| To comprehend the importance of Supply Chain Management (SCM) in terms of company and economy | 1,2,4,5,6,7,8,15,18,19 | 1,2,3 | A, C |
| To understand what transportation economics is | 1,2,4,5,6,7,8,15,18,19 | 1,2,3 | A, C |
| To comprehend the importance of Transportation Economics in terms of businesses | 1,2,4,5,6,7,8,15,18,19 | 1,2,3 | A, C |
| To explain the importance of road transportation on Turkey’s and world economy | 1,2,4,5,6,7,8,15,18,19 | 1,2,3 | A, C |
| To explain the importance of airway transportation on Turkey’s and world economy. | 1,2,4,5,6,7,8,15,18,19 | 1,2,3 | A, C |
| To explain the importance of sea transportation on Turkey’s and world economy. | 1,2,4,5,6,7,8,15,18,19 | 1,2,3 | A, C |
Course Flow
| Week | Topics | Study Materials |
| 1 | What are the fundamentals of transportation economics? | What is Transportation and economics? |
| 2 | Market Forces: Demand and Supply | What is Supply and Demand? |
| 3 | Quantitative Demand Analyses | What is quantitative analysis? |
| 4 | What is individual behaviour theory? | What is individual behaviour theory? |
| 5 | Production Processes and Costs | What is production process and cost? |
| 6 | What is the organization of the firm? | What is the organization of the firm? |
| 7 | The Nature of the Industry | What is industry nature? |
| 8 | Review | |
| 9 | Managing in competitive, monopolistic, and monopolistically competitive markets | What are the pricing strategies? |
| 10 | Basic oligopoly markets | What are the oligopoly markets? |
| 11 | Game theory: Inside oligopoly | What is game theory? |
| 12 | Pricing strategies for firms with market power | What are the pricing strategies? |
| 13 | The economics of information | What is economics of information? |
| 14 | Advanced topics in business strategy | |
| 15 | Final Exam |
Recommended Sources
| Textbook | PPT and PDF formats of information about lecture are delivered to students as hardcopy and softcopy |
|
Additional Resources
|
Michael Baye, Managerial Economics and Business Strategy, McGraw Hill, 2009.
Graham Mallard, Stephan Glaister, Transport Economics – Theory, Application, and Policy, Palgrave, 2008 Bijan Vasigh, Ken Fleming, Thomas Tacker, Introduction to Air Transport Economics – From Theory to Applications, Ashgate, 2008
|
Material Sharing
| Documents | |
| Assignments | What is the place and importance of transportation economics in terms of business and economies? |
| Exams | Midterm, quiz, final |
Assessment
| IN-TERM STUDIES | NUMBER | PERCENTAGE |
| Mid-terms | 1 | 70 |
| Quizzes | 2 | 10 |
| Assignment | 1 | 20 |
| Total | 100 | |
| CONTRIBUTION OF FINAL EXAMINATION TO OVERALL GRADE | 45 | |
| CONTRIBUTION OF IN-TERM STUDIES TO OVERALL GRADE | 55 | |
| Total | 100 |
Course’s Contribution to Program
| No | Program Learning Outcomes | Contribution | ||||
| 1 | 2 | 3 | 4 | 5 | ||
| 1 | Business concepts and information to assess and to be able to analyze problems, identify and to propose solutions based on research. | x | ||||
| 2 | Manage logistics and transport current and emerging trends in the vocational track as proof of English proficiency. | x | ||||
| 3 | International relations, maintain, monitor current and emerging trends in the selected competen cies to master a second foreign language. | x | ||||
| 4 | Producers and trade companies, supply chain processes to plan to be able to., coordinate, execute and controls | x | ||||
| 5 | On road transport with mid-level managerial knowledge and skills to be able to. | x | ||||
| 6 | Air transport in the mid-level managerial knowledge and skills to be able to. | x | ||||
| 7 | Mid-level management in maritime transport with the knowledge and skills to be able to | x | ||||
| 8 | Processes of international combined transport plan, to coordinate, execute and controls need to be able to | x | ||||
| 9 | Compatible with the team members carry out a study vocational subjects. | x | ||||
| 10 | Logistics and transport processes, awareness of social responsibility and ethical values sufficient to carry out the faithful to have knowledge of legal and regulatory | x | ||||
| 11 | Understand and manage social and professional relationships, and these ideas put into practice to produce innovative and creative ideas, | x | ||||
| 12 | Space-related issues and share knowledge about the people and their thoughts, supported by qualitative and quantitative data solutions to problems, orally and in writing, effectively transfer. | x | ||||
| 13 | According to the project schedule deadlines to prepare and carry out appropriate work program | x | ||||
| 14 | Related to the planning and management of supply chain and logistics processes to have the ability to take advantage of information technology | x | ||||
| 15 | Analytical decision-making methods, quantitative methods, identifying problems and offering solutions. | x | x | |||
| 16 | Stages of the research process in the field of scientific research subject to perform in accordance with | x | ||||
| 17 | To resolve the current issues related to the subject area, and produce projects that will create new opportunities, community and colleagues share information related to the profession subjects. | x | ||||
| 18 | To adopt professional and ethical rules, to have social sensitivity. | x | ||||
ECTS
| Activities | Quantity |
Duration (Hour) |
Total Workload (Hour) |
| Course Duration (Including the exam week: 15x Total course hours) | 15 | 3 | 45 |
| Hours for off-the-classroom study (Pre-study, practice) | 15 | 3 | 45 |
| Mid-terms | 1 | 20 | 20 |
| Quiz | 1 | 10 | 10 |
| Homework | 1 | 10 | 10 |
| Final examination | 1 | 20 | 20 |
| Total Work Load | 150 | ||
| Total Work Load / 25 (h) | 6 | ||
| ECTS Credit of the Course | 6 |
Hicbiri