ECIR 313 / INTRODUCTION TO GLOBAL POLITICAL ECONOMY
Session: Fall 2023Credit 3Days: TUES THURSHours: 16:00:00-17:10:00Prerequisites: INTL. 203 or consent of the instructor

Main approaches to various institutions and actors that make up the field of international political economy. Question of who gets what at a global level from a multi-actored, multi-level and mul-disciplinary perspective. Interactions between states, markets, firms, NGOs, and not-for-profit organizations at the local, national, regional, and supranational levels. Global trade, production, finance, and knowledge structures and relations in the context of international organizations, transnational corporations, global financial structures, regional integrations, North-South relations, discourses and practices of development, and problems of global poverty.

ECIR 410 / POLITICAL ECONOMY OF TÜRKİYE
Session: Fall 2023Credit 3Days: TUES THURSHours: 10:00:00-11:10:00Prerequisites: ECON. 202 or consent of the instructor

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.

ECON 100 / PRINCIPLES OF ECONOMICS
Session: Fall 2023Credit 3Days: TUES THURSHours: 11:30:00-12:40:00

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.

ECON 100 / PRINCIPLES OF ECONOMICS
Session: Fall 2023Credit 3Days: TUES THURSHours: 13:00:00-14:10:00

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.

ECON 100 / PRINCIPLES OF ECONOMICS
Session: Fall 2023Credit 3Days: MON WEDHours: 14:30:00-15:40:00

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.

ECON 101 / INTRODUCTION TO MICROECONOMICS
Session: Fall 2023Credit 3Days: TUES THURSHours: 10:00:00-11:10:00

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.

ECON 101 / INTRODUCTION TO MICROECONOMICS
Session: Fall 2023Credit 3Days: TUES THURSHours: 11:30:00-12:40:00

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.

ECON 101 / INTRODUCTION TO MICROECONOMICS
Session: Fall 2023Credit 3Days: TUES THURSHours: 16:00:00-17:10:00

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.

ECON 102 / INTRODUCTION TO MACROECONOMICS
Session: Fall 2023Credit 3Days: MON WEDHours: 11:30:00-12:40:00Prerequisites: ECON 101 or ECON 100

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.

ECON 102 / INTRODUCTION TO MACROECONOMICS
Session: Fall 2023Credit 3Days: MON WEDHours: 13:00:00-14:10:00Prerequisites: ECON 101 or ECON 100

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.

ECON 201 / MICROECONOMICS
Session: Fall 2023Credit 3Days: MON WEDHours: 8:30:00-9:40:00Prerequisites: ECON 101 and MATH 102 or MATH 106

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.

ECON 201 / MICROECONOMICS
Session: Fall 2023Credit 3Days: MON WEDHours: 14:30:00-15:40:00Prerequisites: ECON 101 and MATH 102 or MATH 106

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.

ECON 201 / MICROECONOMICS
Session: Fall 2023Credit 3Days: FRIHours: 11:30:00-14:10:00Prerequisites: ECON 101 and MATH 102 or MATH 106

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.

ECON 202 / MACROECONOMICS
Session: Fall 2023Credit 3Days: TUES THURSHours: 16:00:00-17:10:00Prerequisites: 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 202 / MACROECONOMICS
Session: Fall 2023Credit 3Days: TUES THURSHours: 11:30:00-12:40:00Prerequisites: 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 202 / MACROECONOMICS
Session: Fall 2023Credit 3Days: TUES THURSHours: 14:30:00-15:40:00Prerequisites: 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
Session: Fall 2023Credit 4Days: MON WEDHours: 10:00:00-11:10:00Prerequisites: 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
Session: Fall 2023Credit 4Days: MON WEDHours: 13:00:00-14:10:00Prerequisites: 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
Session: Fall 2023Credit 3Days: TUES THURSHours: 11:30:00-12:40:00Prerequisites: 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
Session: Fall 2023Credit 3Days: TUES THURSHours: 10:00:00-11:10:00Prerequisites: 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
Session: Fall 2023Credit 3Days: MON WEDHours: 11:30:00-12:40:00Prerequisites: 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
Session: Fall 2023Credit 3Days: MON WEDHours: 13:00:00-14:10:00Prerequisites: 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
Session: Fall 2023Credit 3Days: MON WEDHours: 11:30:00-12:40:00Prerequisites: ECON 201 and MATH 201 or MATH 202 veya ENGR 200 or ENGR 201 or MATH 211

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
Session: Fall 2023Credit 3Days: MON WEDHours: 8:30:00-9:40:00Prerequisites: 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.