Course Descriptions

FIRST SEMESTER

INTRODUCTION TO ECONOMICS I
The historical base and the meaning of the economics, understanding of economic principles, theories, structures. Basic concepts of microeconomics; price theory, types of markets. The importance of  macro-economics in the economic theory.
MATHEMATICS I
Real numbers, intervals, inequalities, absolute value, exponents, roots, functions, graphics, analytic geometry, limits, continuity, derivative, second and higher derivatives, curve sketching, economic application of derivatives, maximization, minimization, linear economic models.
INTRODUCTION TO SOCIOLOGY
Relation between sociology and economics; methods in sociology, culture and society, social structure and social change, social mobility, social development, the role of manpower in development, brain drain,  integration and disintegration, alienation, anomie.
FINANCIAL ACCOUNTING
Definition and concepts of basic accounting, widely accepted principles of accounting; arrangement of balance sheet and income statement, recording business transactions; stock holders equity, debit and credit rules, fixed assets, debts, revenue and expenditures.
GENERAL PRINCIPLES OF LAW
Social relations   and law, the need for order, definition of  legal rules, the nature of state, society and state, sovereignty, government, the legislature, the executive, the judiciary, the Constitution, different legal systems rights, Turkish Legal System.
INTRODUCTIONS TO COMPUTER SKILLS
General headings of the course include general concepts of information processing, components of computers and account tables (with mathematical and graphical applications). 
ATATURK’S PRINCIPLES AND THE HISTORY OF TURKISH REVOLUTION I
Conceptual explanations, collapse of Ottoman Empire and its reasons. National fight of Mustafa Kemal, internal rebellions, revolutions and their causes. Process of Turkish Republic and two main external problems; Cyprus and Armenian problems are discussed.
TURKISH LANGUAGE I
Aim of the Turkish language course and its importance; formal and informal language, orijins of languages and their place in society. Turkish language and its place among other languages; research on Turkish language.

 

SECOND SEMESTER

ECONOMICS
Introduction to macro economic analysis and basic concepts: saving and investment functions, macro economic balances, general concepts of monetary economics, real and monetary equilibrium in open economies and international economic relations.
MATHEMATHICS II
Maximization and minimization, relative and absolute extrema, points of inflection, exponential and logarithmic functions, matrixes and vectors, determinants, linear equations, economic models in matrix form, integration, indefinite and definite integrals.
ECONOMIC SOCIOLGY
The aim of the cours is to explain the theorical and pratical format of social and public management and argue the historical backgraund.
INTRODUCTION TO BUSINESS ADMINISTRATION
Basic concepts,   aims, classification, legal structure and the size of business. Establishment  of business and production, marketing and finance functions of   business; human resource management, research and development functions.
COMPUTER USING
Introduction to Windows (Program Management, Main Group, Windows Explorer, Control Panel, Setup, Accessories, …). Introduction to Word and Word using; Introduction to Excel.
CONSTITUTIONAL LAW 
Constitution and government, democracy, national sovereignty, separation of powers, elections, basic rights and freedoms, political regimes, republican period constitutions. Turkish government and its general properties, legislative, executive, judicial powers according to the 1982 constitution.
ATATURK’S PRINCIPLES AND THE HISTORY OF TURKISH REVOLUTION II
Revolution and its consequences, secularisation process and progress of democracy in Turkey. Discussions of Armenian and Cyprus problems.
TURKISH LANGUAGE II
Spelling and punctuation, compositions and characteristics of oral   and written   composition. Turkish  sentence mechanisms, word groups, sentences and sentence analysis.  Understanding of basic foreign and Turkish literature.

 

THIRD SEMESTER

INTRODUCTIONS TO MACROECONOMICS
Basic concepts of macroeconomics; Classical and Keynesian analysis and  policies. Determination of national income in open economies, money and the banking system. IS-LM analysis; description, types and effects of inflation, policies to deal with inflation, rational expectations etc.                                          
INTRODUCTIONS TO MICROECONOMICS
The course aims to provide an understanding of the main concepts of micro economics; consumer behaviour, consumer equilibrium, theories of cost and production.
INTRODUCTIONS TO QUANTITATIVE ECONOMICS
The relationship of Quantitative Economics to Economics, Mathematical Economics, Econometrics and other disciplines; its advantages; elements of quantitative economical models; type of the equations ans structural equations; linear relationships  of quantitative models and economic applications; structural and reduced form relations; linear lagged variables
LAW OF OBLIGATIONS
The course covers topics such as the general provisions of the Turkish Code of Obligations; basic concepts, sources of obligations, fullfilment and discharge of obligations, obligations of special natures and other related subjects.
MATHEMATICS III
Differential, infinite series, convergence, Taylor and Marclauren Series, partial derivative, exact differential, first order differential equations.
INTRODUCTION TO STATISTICS
Graphical and tabular methods for organization and summarization of data, measures of location and dispersion, introduction to probability, combinatories, discrete and continuous random variables, Binomial, Hypergeometric, Possion, Geometric and Normal Distributions.
INTRODUCTIONS TO COMPUTER PROGRAMS USING
Laboratory aplications for spreadsheet calculation. Statistical and Econometric calculating techniques using the Excel to present and analyse numerical data.
ISSUES AND METHODS OF SOCIAL SCIENCE RESEARCH (ELECTIVE)
Description, aims, characteristics of science, scientific method and research, basic concepts of  scientific methods, classification of social research, techniques of data collection and classification, valuation of data and presentation.
ACCOUNTING: ANALYSIS AND END OF YEAR OPERATIONS (ELECTIVE)
Description and concepts; valuation of balance sheet accounting, valuation of assets, current assets, fixed assets, liability account, valuation of  shareholders’ equity,  transitory  liability and asset accounts.
INTRODUCTION TO PUBLIC FINANCE (ELECTIVE)
Aims, subject, instruments of the public sector, public expenditures and revenues, taxes, techniques and principles of taxation, classification of taxes, taxation and income distribution, economic stability and taxation, economic development and taxation.

 

FOURTH SEMESTER

                                              
MACROECONOMICS
Economic concepts and processes, institutional bases of stabilization programmes; “IS-LM”, “AS-AD”, “IS-LM-BP” (Mundell-Fleming) models are analysed in the light of Keynesian models. Structural instability and stabilization programs are issued.
MICROECONOMICS
Market structure, the Game Theory, factor markets and pricing of production functions and general equilibrium.
QUANTITATIVE ECONOMICS
Nonlinear quantitative models: Parabole, invert relations, logaritmic models; foundation of quantitative research and stages of quantitative research, quantitative economic policy models and estimations, equilibrium analysis: static and dynamic equilibrium, difference and differential dynamical models, production functions, activity analysis
MATHEMATICS IV
Introduction to Matrix algebra, base and dimension, linear equations, vector space and sub-spaces, projection and insolvable equation systems, eigen value and eigen vector, linear transformations.
COMPUTER PROGRAMS USING
Sampling distribution, tests of hypothesis, Regression analysis, ANOVA aplications using Excel.
STATISTICS
Sampling, point estimation, confidence intervals, hypothesis testing, regression and correlation, chi-square tests, time series and indexes, analysis of variance, prior and posterior distributions, instruction on the use of statistical computer packages.
TURKISH ECONOMIC HISTORY (ELECTIVE)
Economic conditions in Anatolia, economic life of Turks in the past, economic and social structure of   Anatolia in the  Selçuklu era; Ottoman economy in classical era, economic development in the Ottoman Empire and its economy from the 16th to the 20th century. Economic applications before and after the single party period at the Republic era.
INTRODUCTION TO INTERNATIONAL RELATIONS (ELECTIVE)
Description of   basic concepts such as international politics, foreign policy, nation-state, ethnicity, globalisation, world systems, universalization. Evolution of international thought and different approaches to international relations; analysis of international problems such as the Kosovo problem, Middle East issues. 
COST ACCOUNTING (ELECTIVE)
Basic concepts and descriptions; cost allocation; direct-indirect cost; fixed-variable cost; production cost; direct material cost; direct labour cost; cost allocation methods; job order costing  system; process costing system are studied.
BUSINESS MANAGEMENT (ELECTIVE)
Basic concepts and principles of management, historical development of management thought; theories of classical organization, neo-classical organization, modern organization; new approaches to management; manager and his environment, planning, staffing, controlling etc.

 

FIFTH SEMESTER

INTRODUCTION TO ECONOMETRICS
Description and aims of econometrics, regression assumptions, hypothesis tests for parameters and estimation of confidence intervals, correlation coefficient, different kinds of correlation measurements,  varying variance, autocorrelation,  time series, estimation problems in time series.
INTRODUCTIONS TO MATHEMATICAL ECONOMICS
Economic models, equilibrium analysis in economics, derivatives and partial derivatives, market, national income, input-output models.
INTRODUCTIONS TO OPERATIONAL RESEARCH
Operational Research (OR) is the scientific approach to modelling in aid of decision-making, and its use within the management field is known as Management Science. Operational research uses mathematical techniques to tackle real-life decision problems. Computing for operational research, methodology: Linear programing, simplex method, transportation problem
INTRODUCTIONS TO MATHEMATICAL STATISTICS
Probability axioms, combinatorics., independence, conditional probability, random variables, expectation and variance, important discrete random variables, distribution functions, random variables with densities, some special densities, random samples, statistics and functions of randoom variables, Markov's inequality and Chebychev's inequality, functions of random variables continued, transformations of vector valued random variables, student's t statistic, limiting distributions, laws of large numbers.
INTRODUCTIONS TO INTERNATIONAL ECONOMICS
The causes of international trade, absolute and comparative advantage theories, international wage differences, indifference curves and equilibrium in open and closed economies.
SAMPLING TECHNIQUES
Basic concepts of survey sampling, simple random sampling; various estimators (mean, total, proportion) and their properties; methods of selection; sample size determining various estimation criteria; ratio and regression estimation; stratified random sampling; basic principles; various estimators and their properties; use of ratio estimators; allocation of sample size across strata; special allocation considerations; cluster sampling with equal probabilities; various estimators and their properties; systematic random sampling; various schemes and their properties comparison with other techniques
COMMERCIAL LAW
This course briefly covers topics such as trade, types of commercial contracts, the way various types of corporations are handled by the law of corporations.
COMPUTER USING IN STATISTICS (ELECTIVE)
Students become acquainted with handling statistics using software package SPSS and STATISTICA; preparing data to analyze and provide a report; empirical projects in the context of a self-chosen problem; presenting statistics packages; data transforming; data diagram to provide reports; system comparison and criticism.
ECONOMICAL HISTORY (ELECTIVE)
Orijins of economic   history,  agricultural revolution and its consequences, economy and society in ancient times; the European   economy in early modern ages, the changing balance of the economic power, industrial revolution and the economic changes in the 19th and the 20th century.
APPLIED STATISTICS (ELECTIVE)
Indexes, simple indexes, composite indexes, time series analysis, trend-trend tests, conjuncture, seasonal index, monthly trend values, economic statistics in Turkey.

SIXTH SEMESTER

ECONOMETRICS
Simultaneous equation models; analysing methods of simultaneous equations, the logit and probit models; dynamic models, time series, stationary tests; estimation problems in time series.
MATHEMATICAL ECONOMICS
Optimisation problems, homogeneous functions, capital and investment formation, Domar Growth Model; dynamic stability of equilibrium.
OPERATIONAL RESEARCH
Modeling and consulting skills, mathematical programming, dynamic and integer programming and game theory, CPM and PERT analysis, stochastic optimization, combinatorial optimization, nonlinear optimization, large scale optimization.
QUANTITATIVE ECONOMIC PLANNING
Structures and interdependence in an economy: Input-output table, the Leontief model, input-output analysis, linear programming and economic analysis, DATA Envelopment analysis as method of the efficiency measurement
MATHEMATICAL STATISTICS
Multivariate normal distribution, covariance and correlation coefficients, conditional distributions, basics of hypothesis testing, tests based on the central limit theorem, bayes tests, exponential families of distributions, attained significance levels, power and type II errors, the Neyman-Pearson Lemma and its consequences, non-parametric tests, convergence to the standard normal distribution, criteria for estimation,  the information inequality, the general linear model
INTERNATIONAL ECONOMIC THEORY AND POLITICS
Offer curves and pricing, shift in offer curves, Heckscher-Ohlin Theory, Stolper-Samuelson income distribution, Rybenski Theories, balance of payments, Mundell-Fleming models.
COMPUTER USING IN ECONOMETRICS (ELECTIVE)
Students become acquainted with handling statistics related with the software package SPSS, TSP, E-Views; preparing to analyze and provide a report; clasical regression analysis; independent variable selections; solving multicollinearity problem; solving serial correlation problem, logit and probit models.
PUBLIC FINANCE THEORY AND POLICY (ELECTIVE)
Functions of the state according to classical and radical approaches; description and scope of the public sector in Turkey; budget system and its application in Turkey, public economic enterprises and their problems; fiscal policy in Turkey.
ECONOMIC DOCTRINES (ELECTIVE)
Methods in the history of economic thought, mercantalist doctrine, physiocracy, classical school and liberal doctrine, anti-rationalism, rent theory, capital accumulation and profit theory, Marxist School, dialectic materialism, neo-classical economics, Keynesian Economics, Monetarism, Neo-liberalism, Postmodernism.

SEVENTH SEMESTER

INTRODUCTIONS TO APPLIED ECONOMETRICS
Applicational methods of multiple models, statisticals tests, Heteroskedastisitet, autocorrelation, mis-specifications, causality test and the presentation of the empirical results.
TURKISH ECONOMY
Natural and demographic characteristics of Turkey, economic policies of Turkey, national income, agricultural sector, structural change and development in the industrial sector, energy sector, privatisation, internal and external debts, inflation, balance of payments, foreign trade policies, capital markets.
MACROECONOMETRIC MODELLING
This course focuses on econometric methods for nonlinear models with particular emphasis on models estimated in the time domain. Topics covered include: general specification tests, non-nested testing and encompassing, the estimation of nonlinear models using conditional and unconditional moment techniques, systems estimation, and time series modeling. Emphasis is placed on understanding the intuition behind the estimation techniques and tests. Students study how recent econometric methods have been applied in the literature to address various economic issues. The course requires students to develop their own computer programs to implement the techniques and to produce an original piece of applied econometric research.
INTRODUCTIONS TO MULTIVARIABLE STATISTICAL METHODS
Vector calculus, parametric equations, polar and spherical coordinates, analytic geometry, differential calculus of functions of several variables, and multiple integration (including line integrals, Green’s Theorem, and Stoke’s Theorem), problem solving techniques.
INTRODUCTIONS TO PROJECT ANALYSIS
The aim of the course is to increase understanding of how companies identify an opportunity, convert it into a project and in a concise manner follows the entire project cycle (carry out a market study, a pre-investment study, etc). The course is expected to simultaneously increase the analytic competence of the participants.
MONETARY THEORY AND POLICY
Monetary policy and its concepts; up-to-date survey of the role of money, types and functions of money, demand for and supply of money, interest rate and money markets, monetary analysis in Classical, Neo-Classical, Keynesian systems. Neo-Keynesian Approaches, Friedman’s new quantity theory.
MARKETING RESEARCH (ELECTIVE)
Subject, scope and development of marketing, market environment, strategic planning, marketing research, Marketing Information System, consumer markets and consumer behaviour; industrial markets; selection of target market, pricing methods, advertisement, distribution and distribution channels.
EUROPEAN UNION AND INTEGRATION (ELECTIVE)
History and evaluation of the European Union and its institutions, integration theories and regional economic integrations, the difference of EU from other economic integrations. European Money System, economic and monetary union, recent developments.
FINANCIAL ANALYSIS (ELECTIVE)
The functions of financial analysis, fundamental financial statements, methods of financial analysis (comparative, percentage, trend, ratio analysis and complementary financial statements), analysis of industrial and commercial enterprises (analysis of short-term liquidity, financial risk, profitability).
TIME SERIES ANALYSIS (ELECTIVE)
Development of the Box-Jenkins methodology for the identification, estimation, and fitting of ARIMA, and transfer-function stochastic models for the purpose of analyzing and forecasting stationary, non-stationary, and seasonal time series data. The course emphasizes practical time-series data analysis using such computer packages as Sybil/Runner and BMD, and applications to economic, business, and industrial forecasting.

EIGHTH SEMESTER

APPLIED ECONOMETRICS
The course is devoted to modern applied time series analysis: linear nonstructural models like ARIMAs, VARs, and nonlinear models of the mean, like sample splitting and chaos, and of the variance, like ARCH; structural models with Rational Expectations and bootstrap methods in time series; methods and relevant applications. The course presumes intensive use of classical publications in the field and computer work; estimation of the relationship between economic variables, testing of economic theory, construction of economic models, economic forecasting.
ECONOMIC GROWTH
This course has two main parts; the effect of macro-economic policies in medium and long-term, and growth theories at the framework of long-term dynamic analysis are discussed.
MICROECONOMETRIC MODELLING
This course is designed to acquaint students with basic econometric techniques for research in empirical microeconomics; tools used in the econometric analysis of cross-sectional and panel data. In discussing econometric theories, the emphasis will be on their empirical implementation and on the role of economic theory in the specification and testing of econometric models.
MULTIVARIABLE STATISTICAL METHODS
The multivariate normal distribution; hypothesis tests on means and variances, including the multivariate linear model ANOVA, MANCOVA, Logistic Regression; classification using the linear discriminant functions; principal components and factor analysis.
PROJECT ANALYSIS
This course examines two main decision problems for private sector firms from the viewpoint of economic and financial analysis. These are those of determining which investments the firm should make, and how it should finance these investments. The course examines different investment decision rules under conditions of both certainty and uncertainty, optimal risk diversification, portfolio analysis, and the hedging of foreign exchange and other project risks. It also examines issues of the optimal capital structure for the firm, leasing, project finance, insolvency risk, options pricing, the capital asset and arbitrage pricing models in corporate finance, and the influence of corporate and personal taxation on optimal financial decisions.
FINANCIAL MANAGEMENT (ELECTIVE)
The scope of the finance function, time value of money, security valuation, working capital management, management of fixed assets, cost of capital, stock management, risk and risk management, portfolio theory, capital market theory.  
TECHNICAL ANALYSIS (ELECTIVE)
Trend analysis, moving averages, Osilators, Relative Strength Index, Stochastic Osilators
DESICION MAKING TECHNIQUES (ELECTIVE)
Basic concepts of desicion theory; sufficiency and completeness; completeness of multiparameter exponential family, unbiasedness and invariance of desicion rules; Bayes minimax and invariant estimators; testing of hypotheses and optimality properties.