Application of the elements of standard microeconomic theory to the decision-making processes in the firm. Theory and estimation of demand, production and cost functions, models of market behavior, current issues in regulation and antitrust actions. Macroeconomic concepts applied to decision-making; money and capital markets, monetary and fiscal policy, and aggregate economic theory.
Topics in probability theory; theoretical distributions, law of large numbers, central limit theorem, and the normal distribution. Basic topics in parametric statistics, estimation, confidence intervals and hypothesis testing, goodness-of fit tests, analysis of variance, regression and correlation analysis; time series analysis, quantitative forecasting methods; elementary design of experiments and data collection; computer implementations using available up to date statistical software.
Statistical tools for business. Estimation theory, hypothesis testing, correlation and regression analysis for interpretation of multivariate datasets, quantitative forecasting methods with emphasis on business applications through computer-based projects. Understanding of the research methods and their necessity and usefulness in managerial decision-making. Exercises in designing research, data collection methods and reporting the findings.
The course is designed to increase the capacities of students in applying the concepts tools and models of managerial economics in the analysis of a firm and a sector. In the seminar students analyze a sector and a firm in the sector in groups of 3-4 students. The seminar has the secondary aim of giving experience to students in coordinated group work and in report writing.
The use of experimental design as a tool for process development and improvement; guidelines for designing experiments; a review of experiments with a single factor: the analysis of variance; randomized block design, latin square design and related experiments; factorial design, blocking and confounding in factorial designs; fractional factorial design; nested and split-plot designs; regression models; response surface method and other approaches to process optimization; use of relevant software.
An integrated perspective on formulating and implementing effective department, business-unit, and corporate level strategies. Topics include assessment of environmental trends and industry attractiveness; interplay among competitors; establishment of sustainable competitive advantage; the role of quality in the value chain, internal capabilities and resources; values and corporate culture; long-range planning; controlling and achieving superior performance in customer, value-oriented organizations.
Developing and understanding of the global business system by identifying the key actors such as states, international organizations, non-governmental organizations, multinational corporations; by studying the key processes of investment, trade, knowledge flows, and by investigating the key concepts such as the interdependence of actors, flows, issues; of economics and politics; of conflict and corporation. The dominant role of the multinational corporations is studied through the corporate social responsibility framework.
Theories, concepts and values underlying ethical behavior in organisations; traditional and modern perspectives used to identify and analyze current ethical issues, conflicts and dilemmas in private, public and educational sectors. The ethical foundations of sustainability; investigating company's relationship with the social environment. Diagnosing and resolving real world cases related to issues such as privacy, discrimination, trade secrets, whistleblowing, harassment, plagiarism, unfair competition, unethical marketing practices, cyberethics, environmental ethics, and sustainable business ethics. Implications for managerial decision making process; developing a framework for ethical conduct, corporate governance and ethics programs.
Master budget and responsibility accounting, flexible budgets and standards; income effects of alternative product costing methods, relevance, pricing and the decision process; manufacturing job costing, project costing, operation costing and JIT costing, decentralization and transfer pricing, performance measurement.
Systematic and critical examination of the treatment of major terms in the financial statements prepared under historical last accounting. Examination of selected topics including the preparation of consolidated financial statement.
History and evolution of accounting concepts and practices including current attempts at formulation of principles; selected current problems; extensive reading and reports.
Applying the basic theoretical concepts in finance to the complexities of real-life problems. Analysis of problems related to valuation and financing.Discounted cash flow (DCF) method of valuation; real options; cross-border projects with currency and country risk; valuation in the context of takeover battles. Choice of capital structure and dividend policy; issuance of convertibles and warrants.
A general survey of financial markets with special interest in capital markets.
The study of economic role of derivative products like options, futures and swaps. Pricing of financial derivatives on stocks, bonds and commodities; trading in the markets; investment strategies and effective use of derivatives in risk management.
The developments in modern portfolio theory including mean variance portfolio theory, single index and multi index models, constant correlation model and capital asset pricing model. Introducing arbitrage pricing theory and option pricing theory as well as application of the theory on empirical tests.
The basic inputs to the planning system. Objective-setting, project planning and budgeting phases. Detailed analysis of operating budgets and financial budgets. Variance analyses and control phases of planning.
The institutions, instruments of international financial markets and the economic theory behind the developments in these areas. The relationships among the exchange markets, foreign trade and financial markets.
A strategic business environment is simulated with inputs by students and business executives as board members within a computerized competitive model. Strategic decision choices and consequences are discussed, applied and evaluated within a group and individual role-playing approach.
Analysis of the formal organization from a behavioral perspective; managerial motivation, morale, and role conflict, review of participative management, management by objectives, managerial grid, 3-D approach and similar techniques.
The role of managerial behavior in economic development and industrialization; managerial class, managerial personality and managerial practices in Turkey within the framework of Turkish economic, political, educational and socio-cultural constraints.
Various perspectives in the study of organizations: structural design, work flow, human relations perspectives. Pioneers of contingency approach: socio-technical systems and related schools of thought. Models of structural determinism: impact of size, technology and environment on structure. Recent developments: multiple contingencies, strategic choice, design as a political process.
The Challenges of Human Resources Management; Human Resource Planning; Job Analysis and Design; Recruitment of Human Resources; Employee Selection; Orientation and Placement; Training and Development. Career Planning; Performance Appraisal; Compensation Management; Employee Benefits and Services; Employee Motivation and Satisfaction. Stress, Counseling, and Discipline.Change and Organization Development.
Major international business theories; entry strategies; joint-ventures; and measurement of firm internationalization. Analysis of direct investment trends in Turkey and research on multinational corporation operations. Outgoing investments.
Evolution of industry and firms; economic, political, cultural, environmental constraints within which they function; transitional societies, liberalism and pressure groups; social responsibility of business.
A portfolio of skills and knowledge in micro and macro organization studies. Attitudes and behaviors of individuals in organizations: Decision making, motivation, communication, conflict management, power and influence, team processes. Main approaches to organization theory; dimensions of organizational structure, design and effectiveness; organization-environment relations; change, organizational culture and technology; recent advances in organization studies, including strategic choice, design as a political process, gender and ethics. Use of case studies, team projects, and experiential exercises as teaching methods.
Aims to provide a critical appreciation of the ways in which theorizing and research in macro and micro organizational behavior can be applied in dealing with managerial problems. The course also tries to sensitize the student to the cultural and institutional context of management. Attention is also devoted to analyzing the central features of the Turkish business environment. Where relevant, the course relies upon experiential methods to help develop students' managerial skills.
A presentation of the history of labor movements in the developed and developing countries, with special reference to the development of Turkish labor unionism; an analysis of the structure and functions of the various units of labor organization. Special problems such as union membership, union freedoms and democracy, with some emphasis being given to legislation pertinent to labor unions in Turkey. Also, a review of trends in workers participation in management and developments in public employee unionism in various countries will be covered.
A comprehensive study of collective bargaining structures and activities as well as the techniques and procedures of bargaining and on the substantive issues in negotiation and the administration of collective agreements such as wages and fringe benefits. Comparative study of industrial disputes and their settlement through mediation, conciliation and arbitration, and the economics of collective bargaining, with some reference to wage and incomes; policies in various countries will also be studied.
Intensive analysis of legal problems arising out of labor relations, both individual and collective, based or court rulings, arbitration awards, and other documentary materials.
Management, organizations and organization theory; organizational goals and effectiveness; contextual influences on organizations: technical and institutional environments, size and technology; organization structures and design; new forms of organization; organizational processes; decision-making, power, politics and conflict; organizational change; comparative forms of organization and management.
Innovative, strategic, administrative, managerial and financial aspects of entrepreneurship..Entrepreneurial processes, opportunity recognition, preparing a business plan, forms of finance, venture capital, franchising and managing a growing enterprise.
Laws governing international commercial transactions in the global marketplace. Topics on international sales and marketing agreements. Choice of jurisdiction (The Brussels and Lugano Conventions) and choice of law; use of uniform laws (the Vienna Convention); transportation of goods (Incoterms). Financing of international sales agreements and payment mechanisms in international transactions. EC competition law and technology licensing agreements. Commercial dispute resolution including national/international arbitration with particular focus on UNCITRAL, the Court of Arbitration and the International Chamber of Commerce. Enforcement (the New York Convention).
Overview of the total marketing system with emphasis on product, distribution, promotion and pricing decisions as well as the development of integrated marketing programs. Investigation of the forces influencing marketing decisions and a framework for analyzing these situational forces and for identifying key problems and opportunities.
Environmental and strategic issues in global marketing management. Various parameters of global markets including regional integrations, strategic alliances and communication technologies. Global strategy audit tools for assessing worldwide opportunities and challenges faced by firms for selecting foreign markets and entry modes. Strategies about product and service adaptations, export and transfer pricing, integrated marketing communications, distribution channels and logistics management for competitive advantage in global and emerging markets.
The search for new product ideas and their evaluation; the organizational structure necessary for the development and introduction of new products and the management of a product line, the commercial aspects of product design, packaging, labeling and branding; pricing, promoting and selection of channels for new products; considerations involved in making product deletion decisions.
Evaluation of changes in social, economic and technological realms; effects on marketing policies, strategies and applications designed to create, communicate and deliver value; implications of the influences on the marketplace, on marketing environment and processes.
An analysis of concepts, principles, theories and models of consumer behavior with applications to particular managerial cases, discussion of and field research related to contemporary issues in consumer behavior.
Conceptual framing of marketing processes, structures, systems; analysis and evaluation of current theoretical knowledge base in marketing. Tracing theory development efforts in sub-areas of marketing and assessment of strengths and weaknesses of these for future theory development possibilities
Evaluation of the shift from services to service perspective in marketing; examination of the influences accompanying the changing philosophy. Inspection of value creation efforts in service sector and consumer and producer interaction; appraisal of marketing and consumption issues in the way to achieve better quality, value and relationships.
Case method applied to decision-making in manufacturing and service organizations where decisions involve the design, planning, scheduling, and control of the productive systems. Project management, production planning and inventory control, quality control, techniques for optimal use of scarce resources, simulation theory and applications.
A survey of the decision processes in operations management and their relationships with other management functions. Topics include transformation technology selection, project planning and scheduling, hierarchical planning & control, sales & operations planning, capacity planning, materials requirements planning, merchandising inventory management, supply chain management, closed-loop supply chains, supply chain sustainability strategies, facility layout, facility location, transportation and distribution, and quality planning and control.
Study of historical background, philosophy and methodology of operations research, total systems approach to the solution of strategic executive problems; model building and manipulation of models; general discussion of linear programming. Simulation, game theory, statistical inventory control, dynamic programming, queuing analysis, sequencing and other techniques of operations research; applications of operations research in the areas of production, marketing and administration. Selected case studies from previous research studies.
Hierarchical production planning systems used in manufacturing and service sectors and in make-to-stock, assemble-to-order, make-to-order and engineer-to-order type organizations. Product aggregation, aggregate production and capacity planning, sales & operations planning, disaggregation, final assembly scheduling, master production scheduling, rough-cut capacity planning, demand management, demand forecasting, materials requirements planning, JIT, capacity requirements planning, enterprise resource planning, loading, sequencing, detailed scheduling, and dispatching.
The principles and methods used in estimating planning and implementing the economic, technical and system characteristics of proposed industrial projects. The layout and design of the organization of such projects and the specification of their technical, financial and other requirements.
Applying one or more Operations Research Techniques to the definition or solution of a public problem. Analysis and application of Linear Programming, or Goal Programming, to the solution of a relevant problem. Investigating national energy policy, using Operations Research concepts.
The characteristics and potential of advanced manufacturing technologies, a review of available measures of flexibility; discussion of a conceptual framework of manufacturing flexibility that relates effective management of capabilities of the manufacturing system to the competitive performance of the business unit; planning and control models in flexible manufacturing systems; organizational flexibility; practical study at a manufacturing company to illustrate the use of the proposed framework.
General principles of data mining. Relevant concepts of statistics, databases and data structures, optimization, artificial intelligence, and visualization. A broad overview of techniques. Algorithms, and applications in data mining including basic principles of data mining task, data measurement, exploratory data analysis and visualization, techniques for classification, multidimensional scaling, regression, and clustering. Illustration of some specific applications.
Successful decision-making requires the ability to structure complex problems, to analyze available options in an uncertain world, and to finally make the best decision given the information available. This course teaches frameworks for how to formulate managerial decision models that represent real-world problems in a wide range of business areas including operations, marketing, finance, and strategy. It aims to develop skills to analyze and ultimately solve such models - on spreadsheets - applying analytical techniques including optimization, simulation, and decision trees. The case-study method is applied to explore the effectiveness of these models in informing managerial decision-making.
A seminar/case writing course on management problems in state economic enterprises and public service and public service organizations at national or municipal government levels. Areas to be covered include policy setting and organization strategies, legal and organizational funds, coordination between government agencies, production management, market orientation and management financial resources and management and personnel policies and management.
A survey of current government policy enactment which relate to managerial practice, economic policy and political life.
Accounting as an information and controlling system; understanding of financial statements as a managerial controlling tool in organizations. Information provided by financial reporting; corporate social responsibility and reporting. Effective management information and control systems. Risk management and assurance in controlling. IS/IT strategy and governance; IS/IT investment decisions; IT controlling; IS/IT implementation and user acceptance. Network economy and e-business; ERP systems.
The basic concepts and methods in preparation of financial statements. The accounting system and principles. Analysis of financial reports and applications of accounting concepts to issues such as long-term assets, inventory, sales, receivables, marketable securities, corporate ownership and international operations. Design of systems to analyze the performance and financial structure of companies with emphasis on ratio analysis, breakeven analysis and profitability.
Scope of accounting; accounting as an information system; financial accounting concepts and standards; generation and processing of financial accounting data; periodic profit measurement; application of financial accounting methods to corporations; consolidated financial statements; accounting and economic concepts of income and value; accounting for changing prices (inflation accounting); financial statement analysis; an introduction into management accounting.
Conceptual framework of accounting; informational needs of accounting information users; accounting standards, standard setters, and standard conflicts; internationalization of the standard setting process; International Accounting Standards and EU harmonization; accounting in selected countries; financial reporting; the disclosure of decision-useful information; users of financial reporting; accounting and valuation in the capital markets; earnings and valuation under certainty; earnings and valuation under uncertainty; capital market efficiency; the role of analysts in the capital market; accounting information and company valuation.
Basic financial time series modelling issues extended to advance topics on stochastic volatility, testing and comparing Value-at-Risk (VaR) measures and fixed-income econometrics. Dynamic models AR, MA, ARMA, ARIMA, VAR and forecasting. Applications of ARCH and GARCH models to foreign exchange and stock returns. Efficient market hypothesis, predictability of asset returns.
Effective management information and control systems are vital in every organization today; both the system designers and managers responsible for their operation need sound knowledge rooted both in concept and experience. It covers vital theoretical insights, while emphasizing the practical issues in management control and the provision of computer assisted systems. The focus throughout is on managerial aspects, rather than on detailed computer techniques. The material, while covering the conventional accounting controls and basic ideas in system design and organizational development, encourages the student to think about new ideas in management participation and the right to information and to recognize the underlying assumptions about power, authority and accountability in developing effective management information and control systems.
Mathematical models and techniques to analyze and develop logistics systems. Representative topics will be vehicle scheduling, inventory control, materials requirement planning, warehouse allocation, forecasting, transportation and transshipment problems and order processing.
Fundamental concepts, financial policies, and decisions to develop effective financial strategies. Valuation of financial assets, investment options and the corporation. Financial planning and forecasting of financial needs and budgets. The financing mix; Selection among the various sources of finance. Impacts on corporate performance and value.
Bridging between the theories that constitute the foundations of modern finance and theories of corporate policies. Review of theories underlying security analysis, portfolio theory, money and capital markets, and financial policies. Understanding the way individuals and their agents make choices among alternatives that have uncertain payoffs over multiple periods. Applications of financial theory to corporate policy issues such as capital structure, dividend policy, investment decisions, mergers and acquisitions.
The widening of students' perceptive and awareness of topics of interest to management through seminars offered by faculty, graduating thesis students, and invited guests from industry, government, business and academia.
Guided readings in management theory. Supervised research and writing in global managerial topics of special interest to the individual student.
Readings and discussions on selected topics in Marketing.
Case analysis on marketing research projects including international and national environments; survey and analysis of literature on designing, analyzing, and interpreting, results in marketing research; evaluation of effectiveness of research reports and articles.
Micro and macro organizational topics; internal processes, environmental trends, inter-organizational relationships, or recent advances in organizational thinking.
Current issues and topics of interest in information systems selected to suit both the class and the faculty.
Topics of interest in management science.
Advanced techniques in the design of the product. Production system and the production control system. Strategic and tactical problems in the area of production management; case studies centered around production, but also including other functional areas such as marketing, finance and personnel.
Markov chains and their applications in manpower planning and other areas. Nonlinear programming: Classical optimization (constrained and unconstrained problems). Kuhn-Tucker Conditions, research methods, separable programming, separable convex programming, quadratic programming, goal programming, Queuing Theory-Mathematical theory and simulation of queuing systems. Dynamic Programming. Revised Simplex.
Directed review of literature and problem formulation as a basis for a term paper on a topic of interest to students, chosen with the approval of their advisors.
Directed research based on the problem formulated in AD 593 leading to a term paper with the approval of the advisor.
Recent developments in both financial theory and in applications in financial markets. Theoretical and empirical approaches to Spot markets, future and forward markets, financial futures and valuations. Swaps, option valuations and similar instruments and institutions.
Issues of interest in business within a rapidly changing environment in the era of globalization.
Among the topics to be surveyed are current issues and problems in travel and hotel industry; special problems and strategies of hotel management; tourism marketing.