Code | Name of the Course Unit | Semester | In-Class Hours (T+P) | Credit | ECTS Credit |
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UIT318 | QUANTITATIVE METHODS IN BUSINESS | 6 | 3 | 3 | 8 |
GENERAL INFORMATION |
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Language of Instruction : | Turkish |
Level of the Course Unit : | BACHELOR'S DEGREE, TYY: + 6.Level, EQF-LLL: 6.Level, QF-EHEA: First Cycle |
Type of the Course : | Compulsory |
Mode of Delivery of the Course Unit | - |
Coordinator of the Course Unit | Prof. MUSTAFA KÖKSAL |
Instructor(s) of the Course Unit | |
Course Prerequisite | No |
OBJECTIVES AND CONTENTS |
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Objectives of the Course Unit: | This course aims to enable students to gain the ability to adapt the quantitative methods they will use in business operations to the business life through the applications. In this course, students will be able to produce solutions by using quantitative techniques to the problems encountered in business activities. |
Contents of the Course Unit: | Contents of the course include; operations research, model building, mathematical solution of business problems, breakeven analysis, decision tree, linear programming topics. |
KEY LEARNING OUTCOMES OF THE COURSE UNIT (On successful completion of this course unit, students/learners will or will be able to) |
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List the quantitative methods that can be used to solve business problems (Bloom 1). |
Interpret the results of a report obtained by using quantitative method by making positive and negative evaluations (Bloom 2). |
Use the data set to calculate the correct alternative to solve the business problem. (Bloom 3) |
WEEKLY COURSE CONTENTS AND STUDY MATERIALS FOR PRELIMINARY & FURTHER STUDY |
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Week | Preparatory | Topics(Subjects) | Method |
1 | Reading and literature review | Introduction to Quantitative Methods in Businesses | Narration, discussion |
2 | Reading and literature review | Operations research | Narration, discussion |
3 | Reading and literature review | Operations research | Narration, discussion |
4 | Reading and literature review | Operations research | Narration, discussion |
5 | Reading and literature review | Breakeven analysis | Narration, discussion |
6 | Reading and literature review | Breakeven analysis | Narration, discussion |
7 | Reading and literature review | Program Evaluation and Review Technique (PERT) | Narration, discussion |
8 | - | MID-TERM EXAM | - |
9 | Reading and literature review | Goal Programming | Narration, discussion |
10 | Reading and literature review | Decision Tree | Narration, discussion |
11 | Reading and literature review | Network Problems | Narration, discussion |
12 | Reading and literature review | Network Problems | Narration, discussion |
13 | Reading and literature review | Decision analysis and game theory | Narration, discussion |
14 | Reading and literature review | Student Presentations | Narration, discussion |
15 | Reading and literature review | Student Presentations | Narration, discussion |
16 | - | FINAL EXAM | - |
17 | - | FINAL EXAM | - |
SOURCE MATERIALS & RECOMMENDED READING |
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Sarıaslan, H., Karacabey, A.A., Gökgöz, F. (2017) Nicel Karar Yöntemleri, Ankara: Siyasal Kitabevi |
Tütek,T. Özdemir, A. & Gümüşoğlu, S. (2016) Sayısal Yöntemler: Yönetsel Yaklaşım, İstanbul: Beta Yayınevi |
Erdem, İ. (2017) İşletmede Sayısal Yöntemler ve WİNSQSB Uygulamaları, (2. Baskı) Ankara:Seçkin Yayıncılık |
Waters, Mr. D. (2011) Quantitative Methods for Business, (5. Edition), Pearson Education |
ASSESSMENT |
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Assessment & Grading of In-Term Activities | Number of Activities | Degree of Contribution (%) | Description |
Level of Contribution | |||||
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0 | 1 | 2 | 3 | 4 | 5 |
KNOWLEDGE |
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Theoretical |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Summarizing basic and advanced topics in International Trade and Business.
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3 | |||||
2 |
To define the theories, concepts and principles of International Trade and Business and its sub-fields.
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3 | |||||
3 |
Interpreting the relationship of International Trade and Business with other disciplines.
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2 | |||||
4 |
Using the theoretical knowledge gained in the field of International Trade and Business in professional practices and daily life.
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3 |
KNOWLEDGE |
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Factual |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Explaining current events and phenomena in the field with a holistic perspective analytically and systematically based on advanced knowledge and skills.
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2 | |||||
2 |
Solving problems encountered in business life, at individual and organizational level.
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2 | |||||
3 |
Effective use of computer programs (such as SPSS, R, Excel, Stata) in the face of complex business problems.
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3 | |||||
4 |
Evaluating the developments in the world from an intellectual perspective in the light of the joint faculty courses taken.
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3 |
SKILLS |
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Cognitive |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Recognizing new theoretical and practical approaches in the field of International Trade and Business.
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4 | |||||
2 |
Recognize the relevant literature effectively.
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2 | |||||
3 |
Independently organize activities towards organizational goals and objectives.
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3 |
SKILLS |
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Practical |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
To conduct qualitative and quantitative research on the subjects related to the field.
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3 |
OCCUPATIONAL |
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Autonomy & Responsibility |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
To be able to work independently in the light of the knowledge gained in the field of International Trade and Business and to take responsibility for the work done.
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2 |
OCCUPATIONAL |
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Learning to Learn |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Adopting the philosophy of lifelong learning.
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4 |
OCCUPATIONAL |
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Communication & Social |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
To use Turkish in written and oral communication in accordance with the rules and effectively.
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3 | |||||
2 |
Using foreign language skills effectively in business and social life, explaining their demands in writing or verbally.
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2 | |||||
3 |
To design a healthy communication network in the business world by using social life skills.
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3 |
OCCUPATIONAL |
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Occupational and/or Vocational |
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Programme Learning Outcomes | Level of Contribution | ||||||
0 | 1 | 2 | 3 | 4 | 5 | ||
1 |
Benefiting from the theoretical and historical knowledge of international trade and business; analyzes current issues, events and problems.
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4 | |||||
2 |
Continually improving their knowledge of the structure and characteristics of the variables of international trade and business.
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4 |
WORKLOAD & ECTS CREDITS OF THE COURSE UNIT |
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Workload for Learning & Teaching Activities |
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Type of the Learning Activites | Learning Activities (# of week) | Duration (hours, h) | Workload (h) |
Lecture & In-Class Activities | 14 | 3 | 42 |
Preliminary & Further Study | 14 | 3 | 42 |
Land Surveying | 0 | 0 | 0 |
Group Work | 0 | 0 | 0 |
Laboratory | 0 | 0 | 0 |
Reading | 0 | 0 | 0 |
Assignment (Homework) | 0 | 0 | 0 |
Project Work | 0 | 0 | 0 |
Seminar | 0 | 0 | 0 |
Internship | 0 | 0 | 0 |
Technical Visit | 0 | 0 | 0 |
Web Based Learning | 0 | 0 | 0 |
Implementation/Application/Practice | 0 | 0 | 0 |
Practice at a workplace | 0 | 0 | 0 |
Occupational Activity | 0 | 0 | 0 |
Social Activity | 0 | 0 | 0 |
Thesis Work | 0 | 0 | 0 |
Field Study | 0 | 0 | 0 |
Report Writing | 0 | 0 | 0 |
Final Exam | 1 | 1 | 1 |
Preparation for the Final Exam | 7 | 9 | 63 |
Mid-Term Exam | 1 | 1 | 1 |
Preparation for the Mid-Term Exam | 7 | 8 | 56 |
Short Exam | 0 | 0 | 0 |
Preparation for the Short Exam | 0 | 0 | 0 |
TOTAL | 44 | 0 | 205 |
Total Workload of the Course Unit | 205 | ||
Workload (h) / 25.5 | 8 | ||
ECTS Credits allocated for the Course Unit | 8,0 |