This course is designed as an introductory accounting course in which the aim is to initiate the students in the use and preparation of financial statements.As aspiring managers,the students need to recognize the need for accounting principles,procedures and the financial statements in decision making process of companies. In doing so, the topics covered include the basic accounting principles, recording process and tools to prepare and analysis of the financial statements.
Economics is the study of how people interact with each other, and with the natural environment, in producing their livelihoods. This course is an introduction to the basic principles of microeconomics, which analyzes the choices and actions of the economic actors as both self-interested and ethical. This course covers capitalist revolution; the effects of technological change; scarcity and opportunity cost; social interactions; the effect of institutions on balance of power; interactions among firm’s owners, managers and employees; profit maximizing firm’s interaction with its customers; supply, demand, and market equilibrium; market disequilibrium in credit and labor markets; market failures.
This course is intended to introduce the students to some basic macroeconomic concepts, with special emphasis on economic growth, inflation and unemployment. Credit market transactions, the determination of interest rates, the functions of money, banks and a nation's central bank are discussed. Current problems of inflation and unemployment are explored and the tools available to the government to deal with these economic problems, and their limitations are analyzed. This course analyzes trends in living standards in the long-run and economic fluctuations in the short-run. The effects of production and distribution of goods and services on environment are discussed. The course also covers the concepts of economic inequality and networked economy.
This intermediate-level course covers common macroeconomics themes such as National Income and Product Accounts (NIPA), Simple Keynesian macroeconomic equilibrium, the multiplier process, IS-LM analysis, fiscal policy and monetary policy, expansionary and contractionary policies, stabilization policies, the Phillips curve, AD-AS analysis, Keynesian macroeconomic equilibrium under open economy.
This course will introduce microeconomic theory and its application at an intermediate level. The theory of the consumer will be explored in detail. Topics covered in this course include budget constraint, preferences, utility, choice, demand, Slutsky equation, buying and selling, consumer surplus, merket demand, and equilibrium.
The course will focus on the supply side of the market. It will start focusing on the basic behavior of the firm, profit maximization and cost minimization to achieve the total cost of production. Building on these results firm behavior in different market settings the market behavior in various settings, starting with the two extreme cases: perfectly competitive markets and monopoly, and then move to intermediate cases, monopolistic competition and oligopoly will be examined. For understanding of the strategic interaction of firms in Oligopolistic market a brief introduction to game theory will be provided.
Econometrics can be defined as the “application of statistics to the analysis of economic phenomena”. The knowledge of econometrics is essential to test economic theories and to understand empirical work being done in Economics. The course will teach how to do empirical work by using examples drawn from various fields in economics. It will also focus on various types of economic data, how one can obtain them, and how they may be used. Topics include regression analysis, ordinary least squares, hypothesis testing, choosing independent variables and functional form, multicollinearity, serial correlation and heteroskedasticity.To aid in empirical work the regression package R-studio will be used.
In this course money and monetary issues are explained. Foreign exchange is duly introduced with all experimental equations and practices. The scope and structures of all banking activities are taught and exemplified, and commercial banks’ role in the foreign trade are accentuated.
Foreign trade theories and policies will be covered in this course. In this framework, Classical and NeoClassical trade theories, HeckscherOhlin model, trade policies, protectionism, and political economy of trade will be explored. Additionally, emphasis will be put on the effects of tariffs, nontariff barriers and quotas. Lastly, economic integration and foreign trade in developing countries will be analyzed in this course.
This course introduces the students to the basics of the international financial theory. It analyzes the relationships between economic indicators and international transactions from a macroeconomic perspective. This course is built on three main topics. First part consists of the basics of international monetary economics; in the second part emphasis will be on macroeconomic policies in an open economy framework; and international monetary agreements will be analyzed in the last part of the course. Other topics include balance of payments, foreign exchange markets, international financial markets and instruments, fixed and flexible exchange rate regimes, and international monetary systems.
The course offers a historical, structural and institutional framework to understand the main developments of the Turkish Economy. In doing this, students will discuss the processes and topics such as national economy, stateled industrialization, liberal integration, import substitution, exportled growth, financialization and dominance of international financial capital.
The course introduces students to independent research on a topic which they develop under regular supervision of the instructor. The course teaches fundamentals of proper research question development, methodology selection, proper structuring of a research project, formatting of an article and its presentation to audience. The course content includes periodic evaluation of student reports and submission/presentation of the complete project at the end of the term.
This course aims at preparing students to use academic skills in English.
ENG 102 is a compulsory course for first year students. ENG 102 focuses on the cognitive skills of listening, reading, writing and speaking. Students' academic listening skills will be improved by listening to important / relevant information from lectures or discussions and reading skills by reading recent academic texts and then using this information to create an output task. Speaking focuses on giving presentations and students get prepared to express their ideas and opinions by speaking persuasively and coherently. The writing component is a consolidation of the speaking activities.
ENG 310 is a compulsory course for third year students and is designed to enable them to speak more effectively while expressing themselves in a variety of areas, such as business related and academic related topics. These areas range from participating in discusiions to presenting information in the form of short presentations, known as Pecha Kuchas. Students will also take part in role plays and formal debates.
This course is designed to equip students with the necessary skills and knowledge that they will need when they start their professional lives. The course simulates all stages of the job application process, including topics like finding job openings, CVs, job application forms, cover letters, job interviews, and following up, as well as handling job offers and rejection.
This course provides a general information of the events from the end of the 19. century until the end of the Turkish War of Independence and the signing of the Treaty of Lausanne in 1923 and the following period until 1990’s.
Basic concepts of the law of obligations, special types of contracts, basic concepts of commercial law, general principles of company law, negotiable instruments, unfair competition and labor law will be handled in the scope of this course.
Calculus II is the sequel to calculus I. Topics are as follows: Sketching graphs of functions, optimization, integral, techniques of integration, fundamental theorem of calculus, areas between curves, differential equations, improper integrals.
This course investigate probability, discrete and continuous probability distributions. Also, provides constructing the sampling distributions, confidence interval estimation and Hypothesis tests of one and two populations.
Internship, covers field experience at any work place for 3 weeks. Students should follow the instructions stated in IUE Internship Guide in order to successfully complete their internships.
Students will be taught how to use the written and verbal communication tools accurately and efficiently in this course. Various types of verbal and written statements will be examined through a critical point of view by doing exercises on understanding, telling, reading, and writing. Punctuation and spelling rules, which are basis of written statement, will be taught and accurate usage of these rules for efficient and strong expression will be provided. As for verbal statement, students will be taught how to use the body language, use accent and intonation elaborately, and use presentation techniques.
The aim of this course is to inform students about the historical development of economic processes and institutions and the evolution of production, distribution, consumption patterns, and the factors of production in the world and particularly in Western Europe. Some of the topics on this course include: economic processes in the ancient world and middle ages, geographical expansion of the Western world, industrial revolution, developments in agriculture, finance, banking sectors during the expansion process of the main European countries, application of technology, developments in telecommunication and transportation, the role of the state, the growth of the world economy and impact of the European industrialized countries on the rest of the world, and the economic developments of the post World War I and II.
The course is designed to get students familiar with the tools and models of government intervention into the economy. Intermediate microeconomics would help the student grasp the subject matter more easily. Starting with the definition of public goods, externalities, different types of public expenditures, taxes and their effects on the economy will be analyzed during the course.
This course will extensively use algebra and basic calculus. The course focuses mainly on the following; static analysis, linear models and matrix algebra, comparative static models, optimization problems with equality constraints.
The following topics will be covered: First order differential and difference equations, higher order differential and difference equations, simultaneous systems of higher order equations, stability analysis.
The course begins by introducing students to the subject of macroeconomics and to national income accounting. Next, one period (static) partial and general equilibrium macroeconomic modeling is developed through graphical analysis and mathematical modeling. Third, two-period partial and general equilibrium macroeconomic modeling approaches are taught by using graphical and mathematical tools. Finally, multi-period general equilibrium modeling and policy analyses of neo-classicals and new-Keynesians are studied. The course highlights the market solution and social planner’s solution whenever it applies.
This course will explore the theoretical and empirical analysis of the effect of money on economy. The effect of money, credit and liquidity on income, employment, economic growth and inflation will be analyzed. The goals of monetary policy, the methods used to obtain these goals, and the effects of these methods will be discussed. Moreover, issues such as the functioning of monetary policy in international financial system; the relationship of the financial system with the real economy, monetary policy channels (money, bank credit, and balance sheet channels), and reasons and outcomes of inflation will be undertaken.
The course aims to introduce international economic institutions and their structures, functions and impacts (on national and international economies) as well as develop students’ skills to have an informed commentary on both academic and more popular arguments on these institutions.
In this course the following international economic institutions will be investigated:
• World Trade Organization
• IMF
• World Bank
• Regional integrations
• United Nations
• Others such as the OECD, OPEC, G8 and G20
This course has been one of the main areas of economics because by using a historical perspective it explores how different schools of economic thought pass through various stages. In this course, by focusing on methodological and analytical questions and with the help of nonmainstream alternative approaches, evolution of economics throughout the history will be evaluated. First historical development process of the market system will be investigated by laying out a general framework examine dynamic relationship between the theories. Afterwards each school of economic thought will be analyzed in a chronological order.
Regional and Urban economics typically addresses four sets of questions, and this course is organized around these four areas. The first set of questions focuses on the development of urban areas. Why do cities exist and why do some grow more rapidly? How can local governments encourage such growth? The second set of questions addresses patterns of development within metropolitan areas. Why do certain parts of metropolitan areas grow more rapidly than others? How do firms and households decide where to locate within given metropolitan areas? What determines the price of land, and how do these prices vary across space? The third set of questions concerns the spatial dimensions of urban problems. In this category urban poverty, housing, and innercity economic problems will be analyzed. Finally, in the last part of the class, we will briefly study the spatial aspects of local government policy and explore the interrelationships between city and suburban governments. The students will also be introduced to regional economic modeling.
Ders,Avrupa Birliği’ni ilgilendiren temel prensipleri ve güncel konuları kapsar.Avrupa Birliği ekonomisinin incelenmesinden önce,Avrupa Birliği’nin başlıca kurumlarının yapısı ve çeşitli bütünleşme teorileri analiz edilecektir.Sonrasında,içinde bulunduğu kurumsal yapı göz önünde bulundurularak konunun ekonomik analizi üzerinde durulacaktır.Ders iki bölümden oluşmaktadır.Birinci kısımda ulusların nasıl ve neden ekonomik bütünleşmeyi tercih ettikleri ve ekonomik bütünleşmeyi meydana getiren kalıpların belirleyicileri üzerinde durulacaktır.Bu kısım esas olarak konunun teorik yönüyle ilgilidir ve kaydadeğer miktarda literatür çalışılıp özetlenecektir.Dersin ikinci kısmında,özellikle Avrupa Birliği olmak üzere,çeşitli bütünleşme biçimlerinin etkileri incelenecektir.
The course content covers macroeconomic issues such as monetary and fiscal policies, unemployment, inflation, growth, interest rate and the relationship between monetary and fiscal policy and economic activities. The course provides students hands-on experience, using real-world data, to investigate important policy problems.
Scientific and technological advances are among the most important determinants of economic growth, and the human condition at large. Invention is as old as humanity itself, and it has shaped the economic and social history of ancient humans as well as modern societies. This class starts by covering a brief history of modern invention, with special attention to the Industrial Revolution, and the evolution of some important industries.
Then, the student is introduced to the contemporary economic literature on scientific and technological innovation. Starting with the problems of the measurement of scientific and technological output, the course covers important topics in the field, giving priority to empirical problems. Knowledge spillovers are covered with some detail, including their measurement, and mechanisms that cause and facilitate spillovers. The material covered here lends itself naturally to the diffusion and adoption of new technology, and the geography of invention, both of which are adopted as part of the class. We then cover in detail the usage of patents as the “data” for economic studies. The course ends with treatments of endogenous growth models, the effects of competition on innovation, and a discussion of the Schumpeterian Hypothesis.
The course will teach advanced techniques that are required for empirical work in economics. Emphasis will be on the use and interpretation of single equation and system estimation techniques rather than on their derivation. The purpose of the course is to help students understand how to interpret economic data and conduct empirical tests of economic theories. It will focus on issues that arise in using such data, and the methodology for solving these problems. Specific topics include limited dependent variables, simultaneous equations, time series models, nonstationarity and cointegration and panel data analysis. The regression package EVIEWS will be used for empirical work.
The nature and significance of threats to the environment will be examined. Externalities and market failure will be discussed. Tools of economic analysis will be used to compare and contrast various legal and market oriented approaches to dealing with environmental problems. Air and water pollution problems will be analyzed. Carbon taxes, pollution quotas and permits and other environmental regulation tools will be reviewed.
The course begins with the Solow model. The characterizing assumption of the framework is exogenous consumption-saving tradeoff. The framework develops several concepts such as transitional dynamics, steady state, golden rule, neoclassical assumptions, and so on. Next, the Ramsey model is discussed, which lifts the exogenous consumption-saving tradeoff. The approach introduces some other important concepts of dynamic macroeconomics such as the subjective rate of discount, intertemporal elasticity of substitution, saddle path stability, transitional dynamics, steady state, etc. The course also discusses how to read articles on economic growth and construct theoretical models.
The course starts with an introduction to quantitative macroeconomics. We then discuss the benchmark deterministic model and competitive equilibrium. We then discuss steady state. The course continues with introduction to Matlab and Dynare programs in the Lab. It concludes with the discussion of calibration and simulation of a simple real business cycle (RBC) model.
The course begins by Lucas (1988). That paper develops a framework that set sup a link between human capital and economic growth. Next, Barro (1990) is studied. That paper focuses on the role played by public capital on economic growth. Third, Romer (1990) is analyzed. Romer (1990) develops an endogenous growth framework that reveals the role of technological change on economic growth. Fourth, the seminal paper by Aghion and Howitt (992) on vertical product differentiation is reviewed. That paper shows the importance of quality improvements on economic growth. Fifth, Dasgupta and Heal (1974) is reviewed to understand the importance of nonrenewable resources on economic growth.
By using alternative economic approaches this course will constitute an analytical framework to help us understand the interaction among the major players such as multinational corporations, nationstates, and international institutions (e.g. IMF, WTO etc.) in the process of globalization. The same framework will also shed light on how this interaction have both enabled and constrained the strategies of various groups with respect to the issues such as inequality, growth, poverty, gender, and ecology associated with globalization.
The course is designed to get students familier with the tools and models of government intervention into the economy. Intermediate microeconomics and public finance would help students grasp the subject matter easily. Starting with the definition of public goods, externallities, different type of public expenditures and taxes and their effects on the economy will be analyzed during the course. In addition, empirical models about public expenditures and taxes are analyzed and students are encouraged to do their own empirical models.
This course examines in detail the different forms of organizational structures industries can form and strategic behavior of firms in such settings. We begin our lectures with a focus on the concept of a firm and its cost structure, developing the incentive mechanisms behind its actions. This will be followed by examination of different market structures in which an industry will be functioning. After studying individual firm behavior, we will concentrate on industries where multiple firms exist. In such industries behavior of a firm depends not only its internal structure (i.e. its cost structure) but also on the actions of the others. In this context we focus on Bertrand and Cournot equilibrium models as well as dynamic price competition and tacit collusion. We will then focus on various business practices of firms in different environments. Special emphasis on topics such as price discrimination, single and multi product pricing both in static and dynamic context will be given.
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This course takes the student from the level of microeconomics principles to current theories and topics in financial economics. Both static and dynamic models are explored. Asset pricing models with and without arbitrage opportunities are discussed. Asset pricing puzzles are investigated. Modigliani Miller arguments on capital structure are introduced. Binomial option pricing model is developed.
This course covers topics such as demand theory, production and cost, market structure, strategic behavior, and pricing, risk, uncertainty, and incentives.
The class covers the theory behind a variety of topics in time series econometrics, and introduces the student to a large number of time series applications. Class exposition is evenly divided between theory and applications, but applications are given priority in assignements and exams. After a brief review of statistical and econometric basics, we discuss the use of difference equations and lag operators. Stationary ARMA models are covered in great detail, and so are ARCH, GARCH, and VAR techniques. The student is also exposed to nonstationary time series, unit roots, and ARIMA models. The class ends with discussions on cointegration and forecasting.
The course covers the analysis of strategic behaviors in everyday life. Most of the times, people and firms are in competition and have to behave strategically to maintain their best interests. Behaving strategically means that an agent must accept other’s existence and consider their decisions as well when deciding. Our best interest may harm others whom we are living with. The merit is to find a (the) best solution maximizing the utility under given conditions.
The structural characteristics of the Turkish economy will be briefly discussed. Then indepth analyses of current topics and problems in Turkish economy will be undertaken. These issues include the cyclical growth performance, credit markets, employment, informal sector, industrialization, privatization, corporate finance, trade and crises, and access to EU.
The course offers a theoretical and comparative view on the economic development process. In doing this students delve into issues regarding to major areas such as role of savings and investment, poverty and inequality, migration, informal economy, environment, and externalities of human capital an health.
This course will introduce students to main topics, ideas and methodologies of labor economics. In this course topics such as labor supply theory, labor demand, wage determination, labor allocation, income distribution and labor unions will be undertaken by focusing on population, human capital and migration. Meanwhile, labor market in Turkey will be explored. Moreover, empirical research on unemployment and wage differences will be discussed in order to familiarize students with labor market data and methodologies of labor economics.
The subjects of the course are the social and economic networks that permeate our social lives. Materials to be covered in the course include firm ownership networks and job search networks as well as friendship networks. Networks measures such as centrality, density and average distance will be discussed. Random link formation and strategic link formation will be examined. The spread of information, epidemics or opinions on the networks will be studied. In the course students will use network analysis software packages such as PAJEK, Dephi and igraph.
The course will examine the special features of medical care as a commodity, the demand for health and medical care services, the economic explanations of the behavior of medical care providers – hospitals and physicians, the functioning of insurance markets, the systems of health care financing and delivery arrangements in Turkey, in the US and other major countries.
This course is intended to introduce the students the concept of gender equality-inequality and their indicators. The course covers the factors that affect supply of women workers (educational attainment, social norms, marriage and fertility decisions), and that affect demand for women workers (the changes in the sectoral distribution of employment, institutional changes due to competition in a globalized world), gender-based occupational segregation in the labor market (vertical and horizontal segregation), the impact of efficient allocation of labor on overall productivity gains, the bidirectional causal relationship between women’s educational attainment and labor market participation and economic growth and development.
Size of cultural industries, the microeconomics of demand and supply, public policy towards the arts and culture, the relationship between culture, economy and society
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Claim Number and Claim Amount Distributions, Reinsurance, Deductible, Collective and Individual Risk Models, Premium, Reserve and Reinsurance, Claim Reserving with Run-Off Triangles
