Course Descriptions

Code Name Hours Credit Type
ECO 100 Economics (İktisat) (3+0+0) 3 SS
Resources and scarcity; supply and demand; the mixed economy; market structure; national income, business cycles, unemployment and inflation; economic growth and productivity; money, banking and monetary policy; international trade and finance.
(Economics Literacy is a survey course that covers both microeconomics and macroeconomics for advanced EFL students. Economics Literacy may be used as partial fulfillment for free elective requirements. It is not a substitute for ECO101 or ECO102. Students seeking a bachelor's degree in business, economics and ınternational relations programs should take ECO101 (Principles of Microeconomics) and ECO102 (Principles of Macroeconomics))
ECO 101 Introduction to Microeconomics (Mikroekonomiye Giriş) (3+0+0) 3 SS
Definitions of microeconomics and macroeconomics. Essentials of microeconomics. Operations of markets. Scarcity and resource allocation. Demand and supply analysis and elasticities. Market efficiency and welfare. Consumer and producer surplus. Cost analysis of firms. Perfect competition and imperfect competition. Monopoly, oligopoly and monopolistic competition. Externalities and internalities. Economics of factor markets.
ECO 102 Introduction to Macroeconomics (Makroekonomiye Giriş) (3+0+0) 3 SS
Essentials of macroeconomics. Measuring a nation's income and cost of living. Inflation, unemployment, investment and saving. Money and banking. Open economy macroeconomics. International integrations. Introduction to economic growth and development.
ECO 201 Microeconomics (Mikroiktisat) (3+0+0) 3 D1
The themes of microeconomics. The basics of supply and demand. Consumer behavior. Individual and market demand. Uncertainty and consumer behavior. The cost of production. Profit maximization and competitive supply. Market power, monopoly and monopsony. Pricing with market power. Monopolistic competition and oligopoly. Game theory and competitive strategy. Markets for factor inputs. General equilibrium and economic efficiency. Markets with asymmetric information. Investment and capital markets. Externalities and public goods.
ECO_FIN 202 Macroeconomics(Makroiktisat) (3+0+0) 3 D1
National income and wealth. Macroeconomic stability and instability. Business cycles. Unemployment and inflation. The self-correcting economy. Causes of unemployment. Classical economics. Introduction to Keynesian economics. Income and employment determination. Fiscal policy and national debt. Monetary economics and macroeconomic equilibrium. Central banking. Modern quantity theory. Monetarism and new classical economics. Rational expectations. Phillips curve analysis. The open economy macroeconomics.
ECO_FIN 292 Multinational Corporations(Çokuluslu Şirketler) (3+0+0) 3 D1
International business today, culture in business, political and legal environments facing business, ethics in global business environment, regional economic integration, planning and organizing international operations, developing and marketing products, launching and managing production, hiring and managing employees.
ECO 301 Econometrics (Ekonometri) (3+0+0) 3 D1
Nature of regression analysis. Two-variable regression analysis. Ordinary least squares (OLS) method. Standard errors of least-square estimates. Interval estimation model and hypothesis testing. Correlation. Multiple regression analysis. Forecasting via standard deviations. Problems and issues in estimation of regression coefficient parameters. Partial regression and correlation.
ECO 311 International Economics (Uluslararası İktisat) (3+0+0) 3 D1
The importance of international economics. Modern international trade theory. Application of macroeconomic and microeconomic analysis to international trade. International trade and national income. International trade and economic growth. Balance of payments analysis, foreign exchange markets and exchange rates. Trade policies. Trade barriers and liberalization of trade. International factor mobility and multinational companies. International monetary system.
ECO_FIN 311 International Trade (Uluslararası Ticaret) (3+0+0) 3 D1
Theory and practice of international trade theory. Determination of trade, the winners and losers in trade, and the role of government and other international institutions in regulating trade. Contemporary developments in international trade including the function of the World Trade Organization.
ECO 312 Monetary Economics (Parasal İktisat) (3+0+0) 3 D1
Actors of financial sectors. Central banks and Federal Reserve System. Commercial banks. Bank and non-bank financial institutions. Theories of money. Analysis of money supply and demand. Definition and calculation of money supply. Reserve money. Monetary base and central bank money. Calculation of money stock. Money demand. Theories of money demand. Money market equilibrium. Interest rates formation. Interest rate and financial analysis. Money and income. Monetary transmission mechanism. Monetarist approach to balance of payments.
Prerequisite: ECO 202
ECO 314 Economic Growth and Development (İktisadi Büyüme ve Kalkınma) (3+0+0) 3 D1
Designing growth models for a small open economy. Theories of economic growth and development. Labor supply and population dynamics in growth models. Incorporating income distribution into growth models. The diffusion of technology in growth models. Location and economic growth. Planning strategies. Trade and planning models. Stable and unstable growth. Post World War II growth. The relevance of growth theories for economies in transition. Survey of classical and contemporary theories of development. Development theories. Different models of development. Major problems of economic development and structural change.
ECO 316 Global Economic Issues (Küresel İktisadi Sorunlar) (3+0+0) 3 D2
Meaning of globalization. Technological advancement and globalization. Challenges and opportunities of globalization for countries, firms and supra-national organizations. Costs and benefits of globalization. The changing role of nation-states in a global world. Global trade and the Doha agenda. Multinational investment and globalization. Regionalism and globalization. Sustainability as a global issue. Türkiye and globalization.
ECO 321 Public Finance (Kamu Maliyesi) (3+0+0) 3 D1
The definition of foreign exchange risk. Determination of spot and forward exchange rates and interest rates, the returns to foreign investments in foreign currency and in bond and stock markets. Management of foreign exchange risk with forward markets and foreign currency option markets. Dynamics of the balance of payments, international capital flows, country debt.
ECO_FIN 322 International Finance (Uluslararası Finans) (3+0+0) 3 D1
The economic role of government. Public goods and market failure. Social provision for public goods. Efficient provision of public goods. Fiscal instruments of distribution policy. Budget process and budget program. Public expenditures: structure and growth. Public budgets and efficiency: expenditure evaluation principles. Principles of taxation. Taxation and equity. Principles of tax incidence and general equilibrium. Personal income tax and taxable income. Corporate income tax and tax base. Consumption and sales taxes. Value added taxation. Property and wealth taxes. Turkish tax system. Fiscal policy and stabilization. Policy mix and crowding-out. Fiscal stabilization in the open economy. Economics of the public debt.
ECO 330 Game Theory (Oyun Kuramı) (3+0+0) 3 D2
Introduction to game theory. Basic definitions and concepts. Dominant strategy. Nash equilibrium. Cooperation and coordination. Static games in perfect information. Dynamic games in perfect information. Static games in imperfect information. Dynamic games in imperfect information. Repeating games. Economic contracts. Stable macroeconomic policy and Coase theorem. Cournot and Bertrand duopoly. Strategic trade policy. Limit pricing. Cartel.
Prerequisite: MATH 102 and MATH 104
ECO 331 Intermediate Econometrics (Orta Düzey Ekonometri) (3+0+0) 3 D2
Principles of economic model construction and the econometric techniques used in estimation of behavioral relationships. Econometric description and inference. Statistics for cross-section and time-series samples. Probability. Discrete and continuous probability distributions. Random variables. Estimators and sampling distributions. Confidence intervals and tests of hypotheses. Simple linear regression for normal and non-normal populations.
Prerequisite: ECO 301 01
ECO_FIN 341 Open Macroeconomics (Açık Ekonomi Makroiktisadı) (3+0+0) 3 D2
The open economy macroeconomics. Optimal exchange rate for a country and a particular situation.Investigate risk analysis. The real exchange rate and financial markets and goods markets. Real exchange rate developments and the domestic markets.
ECO 350 Industrial Organization (Endüstriyel Ekonomi) (3+0+0) 3 D2
Pricing/output decisions, conduct and performance of firms under different market structures. Productive, distributive and allocative efficiency. Oligopoly theories. Product differentiation. Effects of incomplete and asymmetric information; price discrimination, resale price maintenance, tie-in sales. Predatory pricing, collusive agreements, mergers and other anti-competitive conduct; strategic competition under imperfectly competitive markets; antitrust laws and public policies that promote and hinder competition.
ECO 351 Agricultural Economics (Tarım Ekonomisi) (3+0+0) 3 D2
Sources and nature of contemporary agricultural problems. Economic development and agriculture; various models of agricultural development. The role and effect of agricultural policies. Agriculture versus other sectors of the economy. Economic functions of agriculture. Agricultural production function. Agriculture and foreign trade. International agricultural organizations. Small and medium-sized agricultural enterprises. Government intervention in agriculture.
ECO 352 Environmental Economics (Çevre Ekonomisi) (3+0+0) 3 D2
Exploration of the economic basis of environmental issues and policies. Ethics, economics and the environment. Welfare economics and the environment: efficiency and optimality, market failure and the environment. Externalities and the common-property basis of environmental problems. Estimating the costs of pollution. Emissions tax, emission abatement subsidy, alternative policies and instruments. Discussion of thematic issues such as air and water pollution, solid-waste disposal, wilderness preservation and the protection of endangered species by investigating relevant cases.
ECO 354 Energy Economics (Enerji Ekonomisi) (3+0+0) 3 D2
Definition and kinds of natural resources. Natural resources and other production factors. Economic growth-development approaches and their relationships with natural resources. Energy economics and its place in general economics. Energy supply and demand analysis. Classification of energy resources and their potentialities. Problems in the production and consumption of non-renewable energy resources. Nuclear and renewable energy use as alternatives. International energy policies.
ECO 362 Urban And Regional Economics (Şehir ve Bölge Ekonomisi) (3+0+0) 3 D2
Economic reasons for the existence of cities. Location of economic activities. Optimal city size. Urban growth. Models of urban spatial structure. Land rent and land use in cities. Urban transportation. Urban economic problems. Housing markets and policies. Urban public finance.
ECO 363 Social Policy (Sosyal Politika) (3+0+0) 3 D2
An introduction to social policy analysis. Contemporary debates about the perspectives on social problems and social policy issues. Social welfare policy. Current issues and strategies influencing social policy formation in selected areas.
ECO 370 Labor Economics (Çalışma Ekonomisi) (3+0+0) 3 D2
Economic analysis of employee – employer relations. The demand for and supply of labor. Labor force participation rate, employment and unemployment. Wage, productivity. Relationship between wages, decision to work and occupational choice. Investment in human capital. Impact of labor unions on the labor market.
ECO 380 Financial Economics (Finansal İktisat) (3+0+0) 3 D2
Fundamental micro and macro-based concepts of Financial Economics. Decision making techniques under uncertainty. Asset pricing models. Sources of price movements in bonds, shares, interest rates and exchange rates. Asymmetric information in financial markets. International capital flows. Financial institutions. Financial regulation.
ECO 384 Current Issues in Economic Growth (Ekonomik Büyümede Güncel Sorunlar) (3+0+0) 3 D2
Definition of economic growth; differences between economic growth and development; physical capital and growth; population and growth; education and growth; effects of health on economic growth; human capital; the role of technology in growth; growth in open economies; trade and growth; the role of financial markets in growth; culture, geography, climate and economic growth; the role of economic stability in economic growth; sustainability of economic growth.
ECO 385 Economics of Gender (Toplumsal Cinsiyet ve Ekonomi) (3+0+0) 3 D2
Social and economic conditions that women must confront in the contemporary world; the distribution of resources and opportunities between women and men; social and economic policies leading to different outcomes for women and men around the world.
ECO_FIN 399 Corporate Finance (İşletme Finansı) (3+0+0) 3 D2
Dividend policy; debt policy; financing and valuation, understanding options, valuing options, real options, debt financing, risk management, financial analysis and planning.
ECO 401 Economics of the EU (Avrupa Birliği Ekonomisi) (3+0+0) 3 D1
The history of the European integration. Basic institutions of the EU and their functions. The role of the EU in the world economy. Common policies of the EU. Widening and deepening of the European integration. Principles of subsidiarity and the EU. The Copenhagen and Maastricht criteria and Lisbon strategies of the EU. The EU enlargement to the south and the east. Accession protocols and membership negotiations. The history of the EU-Türkiye relations. Reforms, and accession strategies to be followed by Türkiye.
ECO 411 Economic Policy (İktisat Politikası) (3+0+0) 3 D1
The intersection of politics and economics. Political and market solutions to collective problems. The politics of economic crises. Corporations and labor in the political economy. Regulation. Monetary policy. Fiscal policy. Current and recent real-world macroeconomics events and conditions.
ECO 415 Current Economic Issues (Güncel İktisadi Sorunlar) (3+0+0) 3 D1
Government intervention. Analysis of the links between economic issues and politics. Examination of the rationale and objectives of governments. "Public choice theory" approach.
ECO 419 History of Economic Thought (İktisadi Düşünce Tarihi) (3+0+0) 3 D1
Mercantilism. Physiocracy. Theories of Smith, Ricardo, Malthus and Mill. Marxism. Marginalists and Neoclassicals. Marshall. Walras. Keynesian economics. Cambridge controversies and calculation debate. Post Keynesian economics. Monetarists. New Keynesians versus, New Classicals. Heterodox approaches. Discussion of Walras and the emergence of general equilibrium theory.
ECO 420 Turkish Economy (Türkiye Ekonomisi ) (3+0+0) 3 D1
Historical development of the Turkish economy. Liberal economic policy era. Etatist policy era. The structure of Turkish economy and industrialization policy. Planned economic development era: five-year development plans. Industrialization policy in the post-1980s. Monetary and fiscal policies in Türkiye between 1980 and 2000. The role and growth of public sector in Türkiye. External trade policy and Türkiye's economic relations with foreign countries. Macroeconomic performance in Türkiye. Budget deficit and inflation. Recent economic developments in Türkiye.
ECO 431 Applied Econometrics (Uygulamalı Ekonometri) (3+0+0) 3 D2
Bivariate time series methods, panel data methods, and qualitative dependent variable methods; application of estimation techniques and statistical testing; reflecting on econometric problems and solutions in relation to endogenous regressors.
ECO 460 Economics of Antitrust and Regulation (Düzenlemeler ve Antitröst Ekonomisi) (3+0+0) 3 D2
Analysis of government regulation through regulatory agencies and antitrust laws. Mergers and acquisitions; regulation of contracts; monopolies, natural monopolies and oligopolies; price discrimination, optimal pricing; property rights and efficiency. Externalities, market failures and competition. State owned enterprises and regulation by participation. Regulation of telecommunications, energy and natural gas industries and financial markets.
Prerequisite: ECO 350
ECO 472 Economics of the Middle East (Orta Doğu Ekonomileri) (3+0+0) 3 D2
Strategic importance of Middle East region. Maghreb versus Mashrek, the Middle East North Africa (MENA). Political economy of growth and economic development in the Middle East. Natural resources in the region. The role of the public sector in the MENA region. Negative integration syndrome in the Middle East. Examples of cooperation in the MENA. Türkiye and the Middle East.
ECO 474 Social Network Analysis (Sosyal Ağlar ve Ekonomi) (3+0+0) 3 D2
Small-world puzzle (six degrees of separation), the strength of weak ties, centrality, data collection, and the spread of diseases and fads, random and scale free networks; collection and analysis of network data.
ECO 480-499 Special Topics (Özel Konular) (3+0+0) 3 D2
Special topics in economics.
Prerequisite:Consent of the instructor.

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