First Semester

 

INTRODUCTION TO ECONOMICS I
Provides studentswith an undertanding of the basic economic principles, Theories, structures and relationships realted to such concepts as recources and their use use in production, demand, supply and basicoperations of goods markets as well as an introduction to the theory of concumer behaviour and the theory of the firm.
INTRODUCTION TO MATHEMATICS I
FUNCTIONS; Domain, Linear Functions And Straight Lines, Quadratic Functions(Parabola), Additional Elementary Functions(Polynomial and Rational,Exponential and Logarithmic), Applications in Economics and Business, ANALYTICAL GEOMETRY; LIMITS AND CONTINUITY; Limit of a Polynomial Functions, One-sided limits and Limits at Infinity, DIFFERENTIATION; The Derivative, Techniques of Differentiation, The Derivative as a rate of change, The Chain Rule, Implicit differentiation, Higher-Order Derivatives Applications in Economics and Business (Marginal Analysis), GRAPHING AND OPTIMIZATION; Asymptotes, The First Derivative Test
INTRODUCTION TO BUSINESS
Basic Business Concepts, Decision on Size, Location of Business Entity, Classification of Business, Functions of Business, Production Function, Marketing Function, Finance Function, Management Function.
INTRODUCTION TO SOCIOLOGY
In the first case the meaning of Sociology and social reality as a popular subject of nowadays is examined in the courses. Theoretical and practical aspects of Sociology are both considered in the lectures. In addition to that the following main topics of Sociology are explained: Main Concepts / Methodology in Sociology / Culture and Society / Scope of Sociology / Social Structure and Social Change / Social Mobility / Social Development / Integration and Disintegration / Ethnicity and Ethnic Group / the Problem of Manpower in Economic Development and Brain Drain / Alienation and Anomie / Tendencies of Communalism / Stratification / Problems Arising Out of Globalisation
ATATÜRK’S PRINCIPLES AND HISTORY OF TURKISH REVOLUTION I
The main objective of this course to achieve a higher understanding of the basic principles of which Turkish Republic was built on, in terms of analyzing the history of the revolutionary period and the principles of Mustafa Kemal Atatürk, whom mostly determined the course of the revolution. The second objective is to examine the revolutionary period in relation with the basic terms of political science and to analyze the historical approach of Turkish people in relation with the “modernization” in which the modern states evolved. The course content is as follows: Social sciences and the importance of history as a social science, basic political concepts in political science (nation, state, sovereignty, law, economics and classes, revolution), the importance Turkish Revolution as a political science act, basic18th and 19th century political history of the world, basic 18th and 19th century political history of the Ottoman Empire, the political thought in the Ottoman Empire in the 19th century, history of the war of Turkish Liberation (both in terms of military acts, foreign and domestic policy from 1918-1923), history of the Turkish Revolution (both in terms of foreign and domestic policy from 1923-1938).
COMPUTER
Using Input Device, Perpheral Device, Using Windows, Working With Graphics, Spreadsheets, Maintaining a Hard Drive, Maintaining Files and Folders, Understanding The Motherboard, Installing and Uninstalling Software
INTRODUCTION TO SOCIAL POLICY
This course aims to provide students with the theoretical and practical aspects of social and public policies, their historical roots as well as the intervention of the modern state both in institutional and legal terms with special emphasis on Turkey. Course Contents; Income Distribution and Re- Income Distribution, Agricultural Support, Prevention of Discrimination in Labor Market, Minimum Wage, Labor Unions and Collective Bargaining. Unemployment and Stabilization Policies, International Migration, Externality, Monopoly and Public Goods.
INTRODUCTION TO POLITICAL SCIENCE
The aim of the course is to provide a basis for students to understand the basic terms of political science. The course content includes understanding politics, political theories, concepts of state, soverinity, and democracy, political parties, pressure groups, electoral systems and contemporary state systems.

Second Semester

INTRODUCTION TO ECONOMICS II
Aims at introducing the students to the basic concepts of macroeconomic analysis. It starts with national income and its determination, and goes on to aggregate demand, fiscal policy, Money and banking, government policy, international trade and payments, economicgrowth and development. The course also reviews topics such as unemployment and inflation, new theories of unemployment, supply side economics, rational expectations and Exchange rate determination. Illustrations from the Turkish Economy will be given.
INTRODUCTION TO ECONOMIC HISTORY
Approaches to Economic History/ Neolithic Revolution/ Economy and Society in Ancient Times/ Economy in Medieval Europe/ the Emergence of Modern Age/ the Changing Balance of Economic Power in Europe/ the Dawn Theory / Economy and Society in Asia, Africa and America from Beginning to the Twentieth Century/ the European Economy in the Nineteenth Century/ the World Economy in the Twentieth Century.
ATATÜRK’S PRINCIPLES AND HISTORY OF TURKISH REVOLUTION II
The main objective of this course to achieve a higher understanding of the basic principles of which Turkish Republic was built on, in terms of analyzing the history of the revolutionary period and the principles of Mustafa Kemal Atatürk, whom mostly determined the course of the revolution. The second objective is to examine the revolutionary period in relation with the basic terms of political science and to analyze the historical approach of Turkish people in relation with the “modernization” in which the modern states evolved. The course content is as follows: Social sciences and the importance of history as a social science, basic political concepts in political science (nation, state, sovereignty, law, economics and classes, revolution), the importance Turkish Revolution as a political science act, basic18th and 19th century political history of the world, basic 18th and 19th century political history of the Ottoman Empire, the political thought in the Ottoman Empire in the 19th century, history of the war of Turkish Liberation (both in terms of military acts, foreign and domestic policy from 1918-1923), history of the Turkish Revolution (both in terms of foreign and domestic policy from 1923-1938).
INFORMATION TECHNOLOGY
Networking Basics, Wireless Networking, Connecting to the Internet, Using the Internet and World Wide Web, E-mail and Other Types of Online Communications, E-Commerce.
ECONOMICS OF NATURAL RESOURCES
Economic and Social Importance of Natural Resources; Scarcity and Competing Use of Resources.; Usage of Natural Resources in Historical Process; Characteristics and Classification of Natural Resources; Priority Criteria of the Usage of Natural Resources; Usage Fields of Natural Resources; Issues Associated with the Economics of Natural Resources; Preservation Methods of Natural Resources; Natural Resources Oriented towards Consumption and Production (Renewable and Non-Renewable Resources); Effects of Population, Economic Activities and Demographic Movements on Natural Resources; Pollution of Natural Resources; Public Policies as Applied to Problems of Environmental Pollution; Environmental Economics and Externalities; Concepts of Economical Growth, Development, and Sustainable Development; Ecological Balance; Eco-Economy and Restructure of Economy; Valuing the Environment: Concepts and Methods; Importance of Environmental Problems and Development of Environmental Preservation in the World and Pollution-Control; Environmental Problems and Policies of Environment in Turkey.

Third Semester

MICROECONOMICS
Market Equilibrium: Short-Run Equilibrium Analysis, Competitive Markets, Monopoly, Long-Run Equilibrium Analysis; Competitive Markets, Competitive Markets, Monopoly, Monopolistic Competition / Static and Dynamic Analysis, Lagged Adaptation and Dynamic Equilibrium / Stability of The Equilibrium in Imperfect Competition / Equilibrium in Production Factors Market / General Equilibrium: Consumer Equilibrium/ Producer Equilibrium / Pareto Optimality / Interactions Between Sectors: Input-Output Analysis
MATHEMATICS II
Notion of differential and approximations with differentials / Finding approximate roots of an equation : Newton's method / Taylor and Maclauren series / Multivariate analysis / Restricted optimization / Double integrals / First order differential equations.
STATISTICS for ECONOMISTS I
Organization and summarization of data with tabular and graphical methods /Measures of location and dispersion / Introduction to probability / Conditional probability and Bayes' theorem / Discrete and continuous random variables / Special probability distributions / Computer applications.
INTRODUCTION TO THEORY OF PUBLIC FINANCE
This course is to provide students with the concepts and theories needed to understand the essence of public finance. It concentrates on the government expenditures and tax policies, and on the impact of government activities on the allocation of resources and on the distribution of income. Course contents are; nature and scope of the public sector, functions of the public sector, public goods, external cost case and public intervention, external benefit case and public intervention, increasing and decreasing cost monopolies and public intervention, public expenditure, definition and taxonomy, efficiency in public expenditure, taxation system, principles of taxation, technics of taxation, efficiency in taxation, budget system and procedure.
TURKISH ECONOMIC HISTORY
The course is divided into two main parts. The first part of the course analyzes the economic and social conditions of the pre-Ottoman Turkish states (The Great Seljukian Empire, Anatolian Seljukian Empire etc.) as well as providing insight about the economic and social development of the Ottoman Empire using Ottoman state archives. The second part of the course aims to teach about the history of economical development from the establishment of the Turkish Republic till 1960. Especially the reasons and results of the practice of state intervention of Atatürk Era are analyzed. Part I: The Basis of Ottoman Economics, XIV-XX. centuries: Social structure (population, social strata, settlement); The Ottoman fiscal system; Timar and wakf systems; Transportation and trade; Money and finance systems; Trade guilds and fixed price (narh) system. Part II: The Economic Structure of Turkish Republic: The economic and social heritage that went down to Turkey from Ottoman Empire; Turkish Independence War and its financing; Economic history of the Era of Atatürk (1923-1938); The economic and social conditions of Turkey during the Second World War (1939-1950); The economic conditions of the Era of Democratic Party (1950-1960).
PUBLIC ADMINISTRATION
The main aim of this course is to give brief knowledge about the subject and function of public administration, duties of administration, original struction of administration, public administration instruments, state management, local governments, public officials, and judicial control over administration. Course Content; Subject and Function of Public Administration; Organizational Struction of Administration; Public Administration Instruments; State Management; Local Governments; Public Officials; Judicial Control Over Administration; Public Administration and Law.

Fourth Semester

MACROECONOMICS
Some of the subjects of the macroeconomics are as follows: The Defination and Basic Princibles of Macroeconomics/ The Defination and Calculation of National Yncome/ Theories of Consumption and Ynvestment/ Classical and Keynesian Labor Markets/ Foreign Exchange Markets/ Defination of Money/ Theories of Money Supply and Money Demand/ Classical Approach/ General Theory and Keynesians/ Macro Models/ One-Market Model/ IS-LM Analysis/ AS-AD Analysis/ Neo-Classical Synthesis/ Phillips Curve/ New Classical Macroeconomics/ New Keynesian Labor and Goods Market/ Rational Expectations Hypothesis/ Fiscal and Monetary Policies/ Defination and Causes of Ynflation/ Macro Analysis in Open Economies/ Pre-Keynesian and Keynesian Business Cycle Theories/ Growth Models.
MATHEMATICS III
Basic operations with vectors and matrices / Basis and dimension / Systems of linear equations / Vector spaces and subspaces / Projections and the approximations for the inconsistent systems of linear equations / Eigenvalues and eigenvectors / Linear transformations.
STATISTICS for ECONOMISTS II
Sampling and Monte Carlo simulation / Point estimation and confidence intervals / Hypothesis testing / Regression and correlation / Computer applications.
ECONOMIC POLICY
Historical Evolution of Economic Policy, Before The Middle Ages, First Age, The Middle Ages, Thought Movements After The Middle Ages and Their Effects on Economic Policy, Mercantilists, Physiocrats, Classicals, F. List and Protectionism, The Great Depression of 1929 and Interventionism, The Emergence of Economic Policy and Keynes’ Contributions, Contributions of Monetarist Theory to Economic Policy, Contributions of Rational Expectations to Economic Policy, Contributions of Supply-Side Economics to Economic Policy, Subjects and Functions of Economic Policy, Economic Policy Objectives, Economic Policy Tools, Conditions for Success in Economic Policy.
BUSINESS MANAGEMENT
Introduction to Management, Basic Concepts, Organization Theories, Classical Approach, Behavioral Approach, Contemporary Approach, Post Contemporary Approach, Management Functions, Planning, Organizing, Leading, Controlling, Motivation in Organizations, Leadership in Organizations.
LAW OF OBLIGATIONS
The objective of this course is to teach to students obligations, especially contracts (agreement) and torts. The concept of agreement and kinds of agreements, contractual obligation, contractual liability, dissolution of contracts,torts, unjust wealth and property, special debt relations, and transfer and assignment of debts are studied in the course.
LABOUR ECONOMICS
General Features of Labour Markets / Labour Supply Models (Leisure, Work and Family Models) / Factors Affecting Labour Supply / Determinants of Labour Demand in the Short and Long Run / Wage Determination / Legal and Institutional Aspects of Wage Determination / The Nature, Causes and Various Explanations of Unemployment / Models Related with Wage Bargaining / General Structure of the Labour and Industrial Relations System and its Legislation in Turkey.
PUBLIC FINANCE IN TURKEY
Public Finace and Public Sector Economics, Rational of Public Interference to Economic Performance (Allocational and Distributional Functions), Tools of Public Interferenece to Economic Performance, Budget Procedure, Budget-Treasury-Central Bank Relations, Growth of Public Expenditures, Taxonomy of Public Expenditures and Their Economic Effects, Growth of Public Revenue System, Taxonomy of Public Revenue System and Their Economic Effects, Public Debt and Debt Managment, State Economic Enterprises and Utilities, Economic Development and Regional Developmental Issues.

Fifth Semester

INTERNATIONAL THEORY OF ECONOMICS
Emergence of International Trade Theory, Theories of Absolute and Comparative Advantages, Analysis of International Trade Theory: Supply and Demand Models, Factor Endowment Theory, Heckscher-Ohlin Theorem, The Leontief paradox, International Trade Theory and Economic Growth, Dynamic Advantages of International Trade, Immiserizing Growth, International Trade Policy Objectives, International Trade Policy Tools, Customs Tariffs, Economic Effects of Customs Tariffs, Effective Protection in International Trade, Non-Tariff Trade Policy Tools, The Theory of Economic Integration, The Liberalization of World Trade, Foreign Exchange Market, Foreign Exchange Systems, Foreign Exchange Operations in Futures Markets, Balance of Payments, Balance of Payments Adjustment, Automatic Adjustment Mechanisms, Direct Control Mechanisms, Policies for External Equilibrium, International Monetary System, Foreign Capital Investment.
INTRODUCTION TO MONETARY THEORY AND POLICY
Survey of the role of money and Monetary Policy, The Functions and Definitions of Money, Monetary Transmission Mechanisms, Demand For and Supply of Money, Clussical and Keynesian System, Monetarism, Monetary control and Monetary Policy Tools.
DESICION MAKING TECHNIQUES
Structure of a decision problem and case studies, Nonprobabilistic Criterions, Maximin Criterion, Minimax Regret Criterion, Maximax Criterion, Expected Monetary Value (EMV), Decision Trees, Using Sample Information: Bayesian analysis, Utility analysis.
INTRODUCTION TO ECONOMETRICS
The definition, extension and aim of Econometrics / The extension and types of variables / The Causality between variables / The extension and types of Econometric models / The Functional forms used in Econometrics / The data used in Econometrics research / The regression models with two variables / The hypothesis tests of parameters and the determination of Confidence Intervals / The multivariate regression models.
TOURISM ECONOMICS
Globalization And International Tourism,. The Role Of Tourism In The Science Of Economics, Functions Of Tourism, Economic Effects Of Tourism, Tourism As A Product, Tourism Supply And Demand, Effects Of Tourism On Economic Growth, The Contribution Of Tourism To National And International Economy, Economies Of Scale In The Tourism Industry, Monetary Effects Of Tourism. Measurement Of Economic Effects Of Tourism, Tourism Statistics, Characteristics Of Tourism Market, Tourism Politics and Tourism Policy, The Effect Of Tourism On Regional Development, Qualitative And Quantitative Models For The Tourism Industry, The Development And The Role Of Tourism In The Turkish Economy.
TURKISH TAXATION SYSTEM
This course is to provide students with the the basic elements of Turkish Taxation System. It concentrates on the definitions related to taxation system in Turkey and kind of taxes. Course contents are; definition of income, tax base, tax payer, tax rates, allowances, exemptions and deductions implemented for the main taxes on income (income and corporations tax), consumption (VAT and some excises) and property i.e., an economic look at the contemporary Turkish tax system, the impact of the Turkish tax system on the saving supply and on the income redistribution, the efficiency and equity issues of the Turkish tax system.
INDUSTRIAL RELATIONS
The purpose of this course is to convey to students basic principles and institutions of employee relations, mainly in union settings: the System of Industrial Relations / Theoretical Concepts and Definitions / Characteristics of Western Labour Movements and Unions in Developing Economies / the Development of Industrial Relations in Turkey / Law and Practice of Unions and Collective Bargaining / Union Freedoms and Their Protection / Structure and Functions of Unions in Turkey / Collective Bargaining / Its Scope and Functioning / Authorisation / Negotiations and Settlement of Labour Disputes / General Structure of the Labour and Industrial Relations Legislation in Turkey.

Sixth Semester

MONETARY THEORY AND POLICY
Some of the subjects of the monetary theory and policy are as follows: Defination of Monetary Theory and Policy/ Defination and Characteristics of Money/ Functions of Money/ Central Bank Balance Sheets/ Money Demand Theories/ Classical Quantity Theory of Money/ Liquidity Preference Theory/ Restatement of Quantity Theory of Money/ Endogenity of Money Supply and Money Supply Theory/ Ynterest Rate Theories/ Gibson Paradox/ Goals and Ynstruments of Monetary Theory/ Main Strategies of Monetary Policy/ Monetary Analysis in Classical Approach/ Monetary Analysis in Keynesian Approach/ IS-LM Analysis/ Reactions to Keynesian Approach and Neo-Classical Synthesis/ Phillips Curve/ Monetarist School/ New Classical School/ Expectations Augmented Phillips Curve/ Rational Expectations Hypothesis/ New Keynesian Money and Capital Markets/ Austrian School/ Defination and Theories of Ynflation.
BANKS AND OTHER FINANCIAL INSTITUTIONS
Structure of Financial System / To provide insight into the nature and operation of financial institutions and markets / role and functioning of the capital and money markets as a device for the allocation of resources / the channeling of investable funds / reallocation of risk / function of financial intermediaries operating in these markets / Turkish Financial Market Regulators Institutions: Central Bank of the Republic of Turkey, Banking Regulation and Supervision Agency, Capital Markets Board of Turkey, Turkish Treasury and saving deposit insurance fund / tools of financial analysis are applied to the issues in the operation and regulation of financial institutions / emphasis will be placed on the risks that financial institutions face / the methods of financial analysis they use to monitor risk / financial institutions / commercial banking; functions of banking, main operations / asset management of commercial banks; liquidity management, loan management, investment management, capital budgeting, liability management; deposit, deposit management, capital management; structure of bank capital, adequacy of capital / earnings of commercial bank; income statement, expenses and profitability of commercial banks / analysis of bank financial statements / foreign trade financing by commercial banks / other financial institutions; developments banks, investment banks, saving banks, insurance companies, investments companies, consumer financing companies, leasing companies and factoring companies / Basel II / Risk Management / OECD Principles of Corporate Governance / Housing Financing System.
MATHEMATICAL ECONOMICS
Equilibrium Analysis in Economics; Linear Models ( Partial Market Model and General Equilibrium, Natioanal Income Model, Input-Output Model) and Matrix Algebra, Comparative Equilibrium Analysis; The Concept of Derivative, Rules of Differentiation and Their Use in Comparative Statics ( Market Model, IS-LM Model), Differentials, Total Differentials and Total Derivatives, Implicit Function Theorem and Their Applications in Comparative Statics of General-Function Models, Optimization and Microeconomic Problems; Comparative Statics in Constrained and Unconstrained Optimization Models, Economic Dynamics, Optimal Timing and Integral Calculus.
COST ACCOUNTING
The following topics are introduced in this course: Cost concepts, income statements, manufacturing costs, cost allocation (types of departments, objectives of cost allocation, cost allocation methods), job order costing (actual and normal costing, accounting for materials, direct labour cost, and overhead), process costing (process manufacturing, process costing cost flows, the concept of equivalent units, production report, process costing with no-work in process), joint costing (accounting for joint products, accounting for by products), standard costing (the establishment of standards, types of standard, standard product costs, variance analysis).
PRINCIPLES OF MARKETING
Introduction To Marketing, Market Information Systems, Marketing And Society, Ethics, The Global Marketing Environment, Strategic Marketing Planning, Consumer Behavior And Consumer Markets, Business Markets And Business Buyer Behavior, Market Segmentation, Targeting And Positioning Strategies, Competitive Strategies: Building Lasting Customer Relationship, Product Launch, Introduction, Planning, Pricing, Pricing Strategies, Promotion, Promotion Methods, Advertising, Increasing Sales, Place And Distribution Channels.
PUBLIC ENTERPRISE ECONOMICS
Public Finance Review: Public Provision vs. Public Production, Public and Private Goods / Establishment Reasons of PEE: To Correct Market Failure, To Alter The Structure of Payoffs in an Economy, To Facilitate Centralized Economic Planning, To Change The Nature of The Economy/ Objectives of PEE: Economic Efficiency(X- A –Q Efficiency), Profitability, Effects on Income Distribution, Relationship with Macroeconomic Policy /Pricing Policies in PEE / Invesment Decisions in PEE/ Privatization: Welfare Consequences of Selling Public Enterprises / PEE In Turkey: A Short History of Turkish PEE, Figures About Turkish PEE / Privatization in Turkey: Case Studies.
ECONOMETRICS
The Maximum Likelihood Method / Multicollinearity (Definition, Determination, Abolition) / Heteroskedasticity (Definition, Determination, Abolition) / Autocorrelation (Definition, Determination, Abolition) / Structural Breaks / Spesification, The Determination and adjustment of Spesification Errors.

Seventh Semester

INTERNATIONAL MONEY AND FINANCE
The International Monetary System and International Finance, Course Contents, The Balance of Payments, Money and Modern Banking, Central Banking and The Monetary Policies, Monetary and Financial Policies in a closed economy, Monetary and Financial Policies in an open economy, International Monetary System, Financial Policies and Financial Crises.
ECONOMIC GROWTH
The meaning of Growth- Classical Growth Theory, Economic Growth and economic models, Harrod-Domar Model, Neo-Classical Growth Models, Solow Model:Golden Rule, Technological change and growth, Growth and Accumulation, Ramsey-Cass-Koopmans Model, Diamond Model, Introduction to Endogenous Growth, Ak Model, Arrow Models, Romer Model, Barro Model, Lucas Model,Pagano Model, Underdevelopment and economic dualism
HISTORY OF ECONOMIC THOUGHT
Mercantilist School, Fizyocrat School, Classical School and Liberal Doctrin, Rant Theory, Classical Wage Theory, Classical Growth Theory, Money Theory, Debates on Classical Schools, Marxist School, Materialist and Idealists, Added Value Theory, Neo-Classical Ideolojy, Keynessian Revolution, Neo-Liberalism, Chicago, Neo Austria, Virginia Politic Economy, Freidburg and Libertian Schools.
TURKISH ECONOMY
Natural And Human Resources Of Turkey, Economic Policies Of Turkey Since The Foundation Of The Republic; Before The Planned Development Period, After The Planned Development Period, Reasons And Results Of The Economic Crisis In Turkey, Institutional Structure Of The Turkish Economy, Trends In National Income, Distribution Of Income, Development In The Agricultural Sector, Structural Change And Development In The Industrial Sector, Development In The Energy Sector, Privatization Issues Of Public Economic Enterprises, Public Debts, Inflation, Balance Of Payments, Evaluation Of Foreign Trade Policy And The Development Of Foreign Trade, Banking And Capital Markets In Turkey.
EU INTEGRATION-ECONOMIC AND MONETARY UNION
General information on integration theories, Regional economical integration movements, The differance between E.U. and the other economical integration movements, Establishment of the E.U.and its phases, The Mastricht Treaty and the new institutional structure and organisation of the E.U., European Monetary System and its progress, Final unification process, Economical and monetary union, Current developments in the E.U.
ECONOMICS OF ENVIRONMENT
This course introduces students to the analytical tools used in economics of environment, environmental problems and alternative solutions to these problems; environment policies and strategies: environmental standards, green taxes, tradable pollution permits.
ECONOMICAL SYSTEMS
The course focuses on the following issues: Definitions of economical systems, economical thought in Classical Antiquity and Middle Ages, economical thought in Islam, mercantilism, birth of economics and classical thought, debates on classical thought (protectionism, socialism, communism), Neo-classicals and modern economics.
APPLIED STATISTICS
Statistical graphics / Summarizing data / Introduction to probability / Estimation / Hypothesis testing / Regression / Index numbers / Time Series

Eigth Semester

CURRENT ECONOMIC ISSUES
Globalization, Macro and microeconomic problems, the meaning of economic integration and stages, theory of economic integrations and the influence of economic integrations, monetary integration, regional economic integration processes, international economic agreements and international economic policies, financial crisis and international debt payments, foreign exchange market and the balance of payments, national economies in the world economy, GATT, GATS, WTO, EU, ECO, OECD, BSEC, etc., economic integration activities in which Turkey has taken place.
ECONOMIC DEVELOPMENT
Economic Development and Economic Growth, Indicators of Economic Development, Characteristics of Developing Countries, Rural – Urban Migration, Reasons For; Policies to Stem the Flow of Such Migration, Income Distribution, Redistribution with Growth, Poverty, Inequality and Development, Poverty and Famine, Population and Development, Education and Development, the Role of Agriculture, Surplus Labour, Land Reform, Green Revolution, Strategies of Industrialisation in Developing Countries, Globalisation and Development.
FINANCIAL MANAGEMENT
Goals of the firm, role of the finance manager, time value of the money, bonds and inflation, share value, valuation methods, investment criterias, present value, rate of return method, capital rationing, discounted cash flow analysis/project analysis; capital budgeting in firms, flexibility in capital budgeting, risk, yield, and the oppurnity cost of the capital;measuruing the risk of the market, measuring the risk of portfolio, risk and diversifying/ cost of the capital, measuring capital structure, estimating the expected return of the capital, estimating the moving average value of the capital cost/ firm financing and market efficiency. Differences between investment and financing decisions, Efficient Market theory/ firm financing models: preemptive right share, firm debts, securities convertible with shares, derivatives, options, futures, forward contracts, swaps/ venture, brokerage firms, initial public offering/ share of profit policy and capital structure; why does share of profit increases the firm value, What is the effect of going into debt on firm value in tax free economies?/ corporation tax/cost of the financial decrease/financial planning models, management of the circulating capital and short term planning: components of the circulating capital, cash budget, short term financial plans/ cash and stock management.
INDUSTRIAL ECONOMYCS
The structure-conduct-performance paradigm, Alternative schools of thought, Concentration, The firms in the various industrial structure, Perfect competition model, Monopoly model, Contestable market, Monopolistic competition, Oligopoly (traditional theories,modern theories), Cartel, Natural monopoly, Agreements between firms, Merger, Research and development, The entry and the exit to the industry, Barries to entry.
ECONOMIC PLANNING TECHNIQUES
Planning Concept, Its Development and Development Planning Today, The case for and Against Planning, Planning Types, The Process of Planning by Stages and Planning in Turkey, Harrod-Domar and Neoclasssical Growth Models, the Surplus Labor Model of Lewis-Fei-Rannis, the Two-Sector Models of Feldman-Mahalanobis-Domar and Harris-Todaro and Their Use in Macro Planning, Inter-industry Analysis, Input-Output Model, Social Accounting Matrices, Linear Programming, Project Evaluation and Cost-Benefit Analysis.
INTERNATINAL MARKETS AND TURKEY
Meaning of globalization. Challanges and opportunities of globalization for countries, firms and supra-national organizations. Multinational investment and globalization. International monetary system. Balance of payments analysis, foreign exchange markets and exchange rates. Trade policies. External trade policy and Turkey’s economic relations with foreign countries. Macroeconomic performance in Turkey.