ECON 202 / MACROECONOMICS
Term: Fall 2022Units 3Days: TUES THURSTimes: 14:30:00-15:40:00Ön Koşullar: ECON. 102

Real and financial sides of the aggregate economy; determinants of long-term economic growth and the Solow growth model; the business cycle and the behavior of aggregate consumption, savings, investment , and unemployment; aggregate price dynamics and inflation; monetary and fiscal policies in the context of IS-LM framework; open economy: real exchange rate and balance of payments. Impact of financial crises and macroeconomic policy response.

ECON 311 / INTRODUCTION TO ECONOMETRICS
Term: Fall 2022Units 4Days: MON WEDTimes: 14:30:00-15:40:00Ön Koşullar: ECON. 201 and MATH. 201 or Engr 200 or Engr 201 or Math 211

Methods used for empirical examination of economic phenomena. Linear regression: least squares, goodness of fit, prediction; classical regression model; properties of estimators; links between models and economic theory; functional form; interpretation of regression results. Inference; confidence intervals and hypothesis testing; introduction to econometric packages and applications using data from economics and business; implications of relaxing the assumptions of the classical regression model.

ECON 311 / INTRODUCTION TO ECONOMETRICS
Term: Fall 2022Units 4Days: MON WEDTimes: 13:00:00-14:10:00Ön Koşullar: ECON. 201 and MATH. 201 or Engr 200 or Engr 201 or Math 211

Methods used for empirical examination of economic phenomena. Linear regression: least squares, goodness of fit, prediction; classical regression model; properties of estimators; links between models and economic theory; functional form; interpretation of regression results. Inference; confidence intervals and hypothesis testing; introduction to econometric packages and applications using data from economics and business; implications of relaxing the assumptions of the classical regression model.

ECON 321 / INTERNATIONAL TRADE
Term: Fall 2022Units 3Days: TUES THURSTimes: 13:00:00-14:10:00Ön Koşullar: ECON. 201

Theory of international trade: Ricardian model of comparative advantage, Hecksher-Ohlin model, specific factors model, trade and market structure. Domestic politics of trade; tariffs, quotas and other non-tariff barriers. International politics of trade, history of world trade talks and the WTO. International movement of factors: Immigration and foreign investment; technology transfer and the role of multinational companies.

ECON 321 / INTERNATIONAL TRADE
Term: Fall 2022Units 3Days: TUES THURSTimes: 14:30:00-15:40:00Ön Koşullar: ECON. 201

Theory of international trade: Ricardian model of comparative advantage, Hecksher-Ohlin model, specific factors model, trade and market structure. Domestic politics of trade; tariffs, quotas and other non-tariff barriers. International politics of trade, history of world trade talks and the WTO. International movement of factors: Immigration and foreign investment; technology transfer and the role of multinational companies.

ECON 322 / INTERNATIONAL FINANCE
Term: Fall 2022Units 3Days: TUES THURSTimes: 11:30:00-12:40:00Ön Koşullar: ECON. 202

Theoretical and empirical examination of international financial markets. Adjustment of balance of payments and exchange rate. Effects of devaluation and macroeconomic policy under fixed and floating exchange rates. Short and long term capital flows; interest arbitrage; the Euro-dollar market. Financial Globalization and Financial Crises.

ECON 330 / INDUSTRIAL ORGANIZATION
Term: Fall 2022Units 3Days: MON WEDTimes: 13:00:00-14:10:00Ön Koşullar: ECON. 201 or consent of the instructor

Firm behavior in imperfectly competitive markets. How firms acquire and maintain market power. Welfare consequences of market power. Strategic interactions among firms, and the role of government competition policy. Basic theoretical models of industrial economics: Bertrand and Cournot competition, collusion, advertising, innovation, and international trade.

ECON 333 / GAME THEORY AND STRATEGY
Term: Fall 2022Units 3Days: FRITimes: 8:30:00-11:10:00Ön Koşullar: ECON. 100 or ECON 101 or Econ 110 or ECON. 201

Analysis of strategic interactions that commonly arise in economic, business, political, and judicial arenas. A systematic introduction to game theory and some of its applications, such as market competition, technological races, auctions, party competition for votes, and bargaining.

ECON 360 / MONEY AND BANKING
Term: Fall 2022Units 3Days: MON WEDTimes: 16:00:00-17:10:00Ön Koşullar: ECON. 202

Theoretical and empirical examination of commercial bank operations with specific reference to the Turkish Banking industry. Money supply and demand; the role of commercial banks in the economy and their regulation by monetary authorities; stability of the financial system; bank contracts and their pricing and management with respect to interest rates; inflation and credit risk; securitization of bank assets; factors behind the rapidly growing non-bank sources of corporate funds; the future of banking.

ECON 360 / MONEY AND BANKING
Term: Fall 2022Units 3Days: TUES THURSTimes: 16:00:00-17:10:00Ön Koşullar: ECON. 202

Theoretical and empirical examination of commercial bank operations with specific reference to the Turkish Banking industry. Money supply and demand; the role of commercial banks in the economy and their regulation by monetary authorities; stability of the financial system; bank contracts and their pricing and management with respect to interest rates; inflation and credit risk; securitization of bank assets; factors behind the rapidly growing non-bank sources of corporate funds; the future of banking.

ECON 440 / BANKING AND REGULATION
Term: Fall 2022Units 3Days: TUES THURSTimes: 16:00:00-17:10:00Ön Koşullar: ECON 201 or ECON 202 or consent of the instructor

Key issues in bank management and the role of commercial banks in the financial system. Major risks faced by banks, spot lending and asymmetric information, credit rationing, syndicated loans, off–balance sheet banking, risk management techniques used by banks, financial fragility, bankruns, and bank regulation (capital adequacy regulation, Basel regulation rules, liquidity regulation, resolution of failed banks). Financial crisis and its consequences.

ECON 440 / BANKING AND REGULATION
Term: Fall 2022Units 3Days: TUES THURSTimes: 13:00:00-14:10:00Ön Koşullar: ECON 201 or ECON 202 or consent of the instructor

Key issues in bank management and the role of commercial banks in the financial system. Major risks faced by banks, spot lending and asymmetric information, credit rationing, syndicated loans, off–balance sheet banking, risk management techniques used by banks, financial fragility, bankruns, and bank regulation (capital adequacy regulation, Basel regulation rules, liquidity regulation, resolution of failed banks). Financial crisis and its consequences.

ECON 481 / TURKISH ECONOMY
Term: Fall 2022Units 3Days: TUES THURSTimes: 10:00:00-11:10:00Ön Koşullar: ECON. 202 or consent of the instructor

Introduction to Turkish economy and Turkish economic institutions: Recent history of the economy; Inward vs outward strategies, political institutions and long-term growth performance; Short-run economic fluctuations, inflation and unemployment; Monetary, fiscal and ex change rate policies; Trade and international competitiveness of the industry; Capital flows, foreign direct investment and privatization; Impact of the local and global financial crises on the economy.

ECON 499 / ECONOMICS CAPSTONE
Term: Fall 2022Units 3Days: TUES THURSTimes: 10:00:00-11:10:00Ön Koşullar: ECON 201, ECON 202, and ECON 311 at least 4 Economics area elective Courses

Integration of the knowledge from different areas of the economics curriculum: microeconomics, macroeconomics, econometrics by applying concepts and frameworks to real life cases to formulate and implement creative and effective solutions to economic challenges; teamwork and presentations.

ECON 499 / ECONOMICS CAPSTONE
Term: Fall 2022Units 3Days: TUES THURSTimes: 11:30:00-12:40:00Ön Koşullar: ECON 201, ECON 202, and ECON 311 at least 4 Economics area elective Courses

Integration of the knowledge from different areas of the economics curriculum: microeconomics, macroeconomics, econometrics by applying concepts and frameworks to real life cases to formulate and implement creative and effective solutions to economic challenges; teamwork and presentations.

ECON 501 / MATHEMATICS FOR ECONOMISTS
Term: Fall 2022Units 3Days: WEDTimes: 11:30:00-14:10:00

Covers selected topics in mathematics that are frequently used in economic theory and its applications. Topics include: introduction to optimization theory (existence of a solution, alternative characterizations of compactness, Weirestrass Theorem, convexity); convex sets, concave and quasi-concave functions; characterization of a solution, Lagrange and Kuhn-Tucker approaches; parametric continuity, correspondences and maximum theorem; parametric monotonicity, lattices, supermodularity; fixed point theorems.

ECON 503 / MICROECONOMICS I
Term: Fall 2022Units 3Days: TUES THURSTimes: 10:00:00-11:10:00

Consumer theory; production theory; general equilibrium and welfare.

ECON 507 / MACROECONOMICS I
Term: Fall 2022Units 3Days: THURSTimes: 14:30:00-17:10:00

Long-term economic growth; overlapping generations models; consumption, saving, and investment; real interest rates and asset prices; money and inflation.

ECON 511 / ECONOMETRICS I
Term: Fall 2022Units 3Days: THURSTimes: 11:30:00-14:10:00

Review of probability and statistics: random variables, univariate and joint probability distributions, expectations; bivariate normal; sampling distributions; introduction to asymptotic theory; estimation; inference. Linear regression: conditional expectation function; multiple regression; classical regression model, inference and applications.

ECON 513 / ADVANCED ECONOMETRICS
Term: Fall 2022Units 3Days: TUESTimes: 14:30:00-17:10:00

The focus of the course is the empirical applications and tests of macroeconomic and/or microeconomic theories. Students are provided with the ability to analyze the standard econometric applications.

ECON 540 / BANKING AND REGULATION
Term: Fall 2022Units 3Days: TUES THURSTimes: 16:00:00-17:10:00

Key issues in bank management and the role of commercial banks in the financial system. Major risks faced by banks, spot lending and asymmetric information, credit rationing, syndicated loans, off–balance sheet banking, risk management techniques used by banks, financial fragility, bankruns, and bank regulation (capital adequacy regulation, Basel regulation rules, liquidity regulation, resolution of failed banks). Financial crisis and its consequences.

ECON 540 / BANKING AND REGULATION
Term: Fall 2022Units 3Days: TUES THURSTimes: 13:00:00-14:10:00

Key issues in bank management and the role of commercial banks in the financial system. Major risks faced by banks, spot lending and asymmetric information, credit rationing, syndicated loans, off–balance sheet banking, risk management techniques used by banks, financial fragility, bankruns, and bank regulation (capital adequacy regulation, Basel regulation rules, liquidity regulation, resolution of failed banks). Financial crisis and its consequences.

ECON 590 / SEMINAR IN ECONOMICS
Term: Fall 2022Units 0Times: 0:00:00-0:00:00

Participation in weekly seminar is required.

ECSA 220 / GLOBAL BUSINESS STRATEGY
Term: Fall 2022Units 3Days: MON WEDTimes: 11:30:00-12:40:00

Conceptual and empirical understanding of the globalization of business in an era of turbulence and uncertainty. Discovering the tools of global business including international trade, foreign direct investments, foreign exchange and regional integration. Building up the foundations of a global business strategy with a focus on entering foreign markets, global entrepreneurship, managing competition, analyzing market potential with a focus on emerging markets, esp. Asia. Exploring the dynamics of becoming a global corporate citizen by managing cultural differences, dealing with geopolitical risks, and formulating social responsibility initiatives