Introduction to the role of the state and other political actors in Turkish economic development from a comparative and global political economy perspective; key policy phases and institutional transformations; the role of multilateral institutions ; the politics of economic crises and reforms; regional integration and external economic relations of the Turkish economy; the political economy of trade and capital flows; poverty, inequality, labor market dynamics and social policy: gender and environmental dimensions of Turkish development.
Economic reasoning; basic concepts and processes in microeconomics and macroeconomics; identification and discussion of current economic issues covered in popular economics publications. The students who completed ECON 101, 102 can not earn credits from ECON 100.
Economic reasoning; basic concepts and processes in microeconomics and macroeconomics; identification and discussion of current economic issues covered in popular economics publications. The students who completed ECON 101, 102 can not earn credits from ECON 100.
Economic reasoning; basic concepts and processes in microeconomics and macroeconomics; identification and discussion of current economic issues covered in popular economics publications. The students who completed ECON 101, 102 can not earn credits from ECON 100.
Human behavior and rationality; introduction to the principles of individual decision making in the presence of resource constraints; functioning of the market economy: demand, supply, and equilibrium; price mechanism and the allocation of resources; economic efficiency, types of market competition, and government intervention.
An introduction to the analysis of the economy as a whole; overview of macroeconomic issues, such as the determination of output, unemployment, inflation, and interest rates; basic models of macroeconomics and illustration of basic principles with examples from Türkiye and other countries; economic fluctuations and stabilization policies; long-run economic growth; money and monetary policy; government spending, taxes, and fiscal policy.
An introduction to the analysis of the economy as a whole; overview of macroeconomic issues, such as the determination of output, unemployment, inflation, and interest rates; basic models of macroeconomics and illustration of basic principles with examples from Türkiye and other countries; economic fluctuations and stabilization policies; long-run economic growth; money and monetary policy; government spending, taxes, and fiscal policy.
Conceptual foundations and modeling tools towards an understanding of economic decisions and interactions; theory of the consumer: preferences and utility maximization, with application to different choice contexts; theory of the firm: profit maximization, cost minimization; market equilibrium with perfect competition, monopoly, and oligopoly; markets for factor of production; introduction to general equilibrium and welfare; public goods and externalities; basic concepts of game theory and strategic interaction; information and market failure.
Conceptual foundations and modeling tools towards an understanding of economic decisions and interactions; theory of the consumer: preferences and utility maximization, with application to different choice contexts; theory of the firm: profit maximization, cost minimization; market equilibrium with perfect competition, monopoly, and oligopoly; markets for factor of production; introduction to general equilibrium and welfare; public goods and externalities; basic concepts of game theory and strategic interaction; information and market failure.
Conceptual foundations and modeling tools towards an understanding of economic decisions and interactions; theory of the consumer: preferences and utility maximization, with application to different choice contexts; theory of the firm: profit maximization, cost minimization; market equilibrium with perfect competition, monopoly, and oligopoly; markets for factor of production; introduction to general equilibrium and welfare; public goods and externalities; basic concepts of game theory and strategic interaction; information and market failure.
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.
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.
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.
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.
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.
Econometric methods suitable for cross-section and panel data. Extensions of the least squares framework: generalized least squares; instrumental variables; non-linear regression; models with limited-range dependent variables; models suitable to samples subjected to selection. Maximum Likelihood method. Panel data methods: pooling of cross-section and time series data; fixed effects; random effects. Experiments and quasi-experiments. Supplemented with substantive economic applications and use of econometric software.
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.
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.
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.
Determinants of competitive strategy in a variety of market structures; How the structure of industry affects strategic choices and performance. Topics include the dynamic aspects of pricing, entry and predation in concentrated industries, and product differentiation, product proliferation and innovation as competitive strategies.
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.
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.
Economic decisions and processes that drive the demand for and the production of health and health care. Basic economic concepts and evaluation techniques of health economics. Why health services are different from other goods and services. Aspects of the health care markets in different countries. Need for health care reform. Evaluation of health policy. Importance of health for development. Markets for health insurance.
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.