Term One Courses

Core

EC 510 – Advanced Macroeconomics:

This course aims to teach the students; internal and external economic shocks, labor markets, dynamic general equilibrium models. Economic oscillations, business cycles and impacts of inflationary pressures on economic growth and alternative growth strategies, effective applications of monetary and fiscal policies are thought using technical analysis.

EC 510 – Advanced Microeconomics:

This course begins with the review of producer and consumer theories and continues with the applied areas of industrial organizations, international trade and government. Perfect and inperfect competition and contracts are presented via game theory.

EC 550 – Research Methods

 

This class aims to teach students to design and use the appropriate methodology and methods to carry out scholarly research as social scientists. A substantial part of the course will be devoted to practical issues such as how to design a social research project, how to do a literature review and how to choose the techniques that can be used in qualitative and quantitative research. Topics such as scientific objectivity, the character of scientific observation, reasoning and progress, the role of interests and values in science are also covered.

 

 

Elective

EC 501 – International Economics  

 

This course provides a graduate-level introduction to the field of international trade. Topics include; the theory of comparative advantage, the gains form trade, trade and income distribution, international factor mobility, Ricardian models of technological differences, Heckscher-Ohlin models, intermediate input trade, wage inequality, imperfect competition, firm heterogeneity, multinational firms, international organization of production, dynamics, trade policy, trade and institutions, sorting in trade and foreign direct investment.

 

EC 511– Finance of Development

This course aims to analyze the differences between economic growth and development, the internal and external financing of development and how these external finance agencies are functioning. To this end, World Bank institutions, bilateral and multilateral development banks and funds and export guarantee institutions will be investigated.

EC 535 – Capital Markets, Financial Derivatives and Business Finance

 

This course aims to introduce financial regulations, theoretical framework of financial market to the students. Besides, the role and players of financial markets, financial instruments types & forms, aspects of financing, negotiable and non-negotiable, financial risk management. Role of security provisions, charges, guarantees and their relationship to risk will be covered. To provide understanding of capital markets; depository institutions, commercial banks, Saving and Loans Assoc., Saving Banks, Credit Unions, non-depository financial intermediaries, securitization, mortgage-backed securitization, asset-backed securitization, future, and forwards /markets, options markets, swaps, caps, floor, hedging will be covered

 

EC 521– Banking and Finance in Development Economics

In this course, World Bank, European Investment Bank, Asian Development Bank, Islamic Development Bank and international finance markets will be introduced to students. Financial risks (credit, interest, currency) and non-financial risks (country risk, operational risk, political risk etc. ) will also be covered.

EC 531 – Applied Econometrics

This course provides a graduate-level econometric analysis. Within the course; economic and econometric models, static and dynamic equilibrium, modeling errors and tests, demand models, production models, macro econometric models, static and dynamic equilibrium, structural analysis and policy evaluation will be covered.

EC 541 – Globalization and Development Economics

 

This course aims to analyze the globalization process and present the effects of globalization on national economies. Underdevelopment theories, problems of less - developed countries, international division of labor, population, employment, investment to human and sustainable development will be covered.

Term Two Courses

Core

EC 502 – Quantitative Methods

This course provides graduate level quantitative analysis and models via computer applications. Principles of model structuring, linear and non - linear quantitative models, quantitative policy models and solutions, static and dynamic equilibrium analysis, differential and difference dynamic models, production functions and activity analysis will be covered.

EC 512 – Models of Economic Growth

This course will provide endogenous modern economics theories alongside the classical economic growth models such as; Solow, Harrod-Domar, Lewis, Mahalanobis, Rosenstein-Rodin and Kuznets. Washington and Post-Washington consensus topics will be covered. Heterodox, Keynesian, Post – Keynesian growth theories will also be presented. Experiences of assorted number of countries will be analyzed as well.

EC 522 – Political Economy of Development

 

The course aims to critically evaluate the political economies of the developing and least developed countries. To this end, theoretical and empirical approaches to development, the roles of governments in poverty reduction, developments in industrial policies, the relationship among institutional changes and growth will be covered. The development methods of poor countries and alternative development strategies will be discussed.

Elective

EC 532 – Financial Theories and Institutions

This course aims to investigate the roles of the financial intermediaries (mainly banks) in economy. Alongside the theoretical framework, current developments in the financial markets, international financial institutions, and the impacts of fast changes in the technology and communication technologies on the financial system will be discussed.

 

EC 533 – Production Management

 

This course focuses on those business processes, procedures and strategies used to transform various inputs into finished goods and services. The course consists of two main components: a body of knowledge component which is disseminated through the text and lecture material, and a critical thinking component which is acquired through case analysis, discussion, and project work. This course is designed for an intensive study of the strategy, design, and operation of productive systems. Several quantitative techniques are reviewed, solved with Excel, and practiced with the short cases in the text. Class sessions are three hours in length and meet twice weekly for eight weeks.  

 

EC 542 – Industrial Economics

This course will begin with the revision of the founders of the discipline; Bertrand Russell, Antoine Augustine Cournot and Heinrich Freiherr von Stackelberg. This will be followed with the presentation of the current theoretical developments within the game theory framework. Research and development models and their effects on economic development will also be covered

EC 540 – Public Economics

This course aims to explore the role of the government in market economy. Public good theory, taxation principles, optimal tax systems, tax reforms, public choice theory, fiscal policy, and financial institution topics will be covered. These topics will be investigated with the public choice theory, privatization, financial deregulations and institutional structures, fiscal policy and development framework.

EC 513 – Labor Economics and Labor Markets

This course aims to explore the labor markets, labor market institutions and the affects of public policies on labor markets. Employment and unemployment, employment policies, employment – education relationship, wages, social security etc… will be covered comprehensively. Besides, new technologies, legal and regulatory framework of labor markets, unions, and collective bargaining will also be covered.

EC 560 – International Institutions and Economy Policies

This course aims to present the integration process of the international economy and policy.

History of Economy will also be briefly covered for the better understanding of the process. Reaction and critisim towards the economic integration and Turkey’s integration process to world economy will also covered.

Term Three

Thesis I

This course is the first part of the two thesis courses. The course is taken under the guidance of advisor and aims to teach how to write the thesis. Students are required to thesis either theoretical or empirical

Individual Study

This course aims to support the thesis of the students with readings.

Term Four

Thesis II

This course is the second part of the two thesis courses. The course is taken under the guidance of advisor and aims to teach how to write the thesis. Students are required to thesis either theoretical or empirical