NUMERICAL METHODS IN BUSINESESS PROGRAMME COURSE DESCRIPTION

Code	Name of the Course Unit	Semester	In-Class Hours (T+P)	Credit	ECTS Credit
IBT318	NUMERICAL METHODS IN BUSINESESS	6	3	3	8

GENERAL INFORMATION
Language of Instruction :	English
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
Waters, Mr. D. (2011) Quantitative Methods for Business, (5. Edition), Pearson Education
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

ASSESSMENT
Assessment & Grading of In-Term Activities	Number of Activities	Degree of Contribution (%)	Description

Level of Contribution
0	1	2	3	4	5

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	Using foreign language skills effectively in business and social life, explaining their demands in writing or verbally.				3
2	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