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QUANTITATIVE METHODS IN BUSINESS PROGRAMME COURSE DESCRIPTION

Code Name of the Course Unit Semester In-Class Hours (T+P) Credit ECTS Credit
UIT318 QUANTITATIVE METHODS IN BUSINESS 6 3 3 8

GENERAL INFORMATION

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

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)

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

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

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

Assessment & Grading of In-Term Activities Number of Activities Degree of Contribution (%) Description
Level of Contribution
0 1 2 3 4 5

CONTRIBUTION OF THE COURSE UNIT TO THE PROGRAMME LEARNING OUTCOMES

KNOWLEDGE

Theoretical

Programme Learning Outcomes Level of Contribution
0 1 2 3 4 5
1
Summarizing basic and advanced topics in International Trade and Business.
3
2
To define the theories, concepts and principles of International Trade and Business and its sub-fields.
3
3
Interpreting the relationship of International Trade and Business with other disciplines.
2
4
Using the theoretical knowledge gained in the field of International Trade and Business in professional practices and daily life.
3

KNOWLEDGE

Factual

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.
2
2
Solving problems encountered in business life, at individual and organizational level.
2
3
Effective use of computer programs (such as SPSS, R, Excel, Stata) in the face of complex business problems.
3
4
Evaluating the developments in the world from an intellectual perspective in the light of the joint faculty courses taken.
3

SKILLS

Cognitive

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.
4
2
Recognize the relevant literature effectively.
2
3
Independently organize activities towards organizational goals and objectives.
3

SKILLS

Practical

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.
3

OCCUPATIONAL

Autonomy & Responsibility

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.
2

OCCUPATIONAL

Learning to Learn

Programme Learning Outcomes Level of Contribution
0 1 2 3 4 5
1
Adopting the philosophy of lifelong learning.
4

OCCUPATIONAL

Communication & Social

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.
3
2
Using foreign language skills effectively in business and social life, explaining their demands in writing or verbally.
2
3
To design a healthy communication network in the business world by using social life skills.
3

OCCUPATIONAL

Occupational and/or Vocational

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.
4
2
Continually improving their knowledge of the structure and characteristics of the variables of international trade and business.
4

WORKLOAD & ECTS CREDITS OF THE COURSE UNIT

Workload for Learning & Teaching Activities

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