ECTS - Master’s Program in Applied Economics (without Thesis)

Compulsory Departmental Courses

ECON503 - Microeconomics (3 + 0) 5

Theory of resource allocation and price system; theory of demand, production, and distribution; market structure and performance.

ECON505 - Macroeconomics (3 + 0) 5

National income accounting, aggregate supply and demand, first models, behavioral foundations.

ECON598 - Term Project (0 + 0) 40

Project preparation methods, guidelines of writing a project, presentation of the project.

ISL555 - Research Methods (3 + 0) 5

Research designs, probability theories, hypothesis tests, reliability and validity of measurement, model construction, multiple regression, multivariate variance analyses, correlation, exploratory and confirmatory factor analysis and econometric models.

Elective Courses

ECON501 - Economic Theory (3 + 0) 5

Supply and demand, consumer producer surplus, market response, elasticity, taxes, decision making, rational consumer, production decision, market structure.

ECON504 - Applied Microeconomics (3 + 0) 5

Introduction to Stata, applied analyses in regression models, applied analyses in qualitative information, applied analyses in heterosckedasticity, basic regression analysis with time series data, serial correlation in time series regressions, applications of simple panel data methods, applications of advanced panel data methods.

ECON506 - Applied Macroeconomics (3 + 0) 5

Modern and traditional schools in macroeconomics, economic growth models, growth accounting, production function, Okun`s law, Phillips curve, consumption, investment and saving behavior and macroeconomic applications, money demand theory and its applications, public budget constraint; deficit, debts, balance of payments and current deficit problems

ECON509 - International Economics (3 + 0) 5

Labor productivity and comparative advantage: the Ricardian model, resources, comparative advantage and income distribution, the standard trade model, economies of scale, imperfect competition, and international trade, international factor movements, the instruments of trade policy, the political economy of trade policy, trade policy in developing

ECON510 - Public Economics (3 + 0) 5

Relation between the state and the public economics in capitalism; linkage between welfare economics and public economics; efficient resource allocation criteria and the relative models; externalities; regulation, deregulation and privatization; social cost-benefit analysis; public choice; bureaucratic production of services; justice and efficiency

ECON511 - Economic Policy (3 + 0) 5

Economic policy in historical perspective, monetary policy, fiscal policy, globalization, tax policy and environmental policy.

ECON512 - Financial Economics (3 + 0) 5

Functions and structure of the financial system, the role and function of financial instruments, the elementary valuation of financial instruments, primarily stocks, bonds, futures, and options, the role of risk and how markets manage and control risk, issues in corporate finance and capital budgeting, issues in international finance and the inter

ECON512 - Financial Economics (3 + 0) 5

Functions and structure of the financial system, the role and function of financial instruments, the elementary valuation of financial instruments, primarily stocks, bonds, futures, and options, the role of risk and how markets manage and control risk, issues in corporate finance and capital budgeting, issues in international finance and the inter

ECON514 - Economic Integration (3 + 0) 5

Historical background of European union, theory of big markets, economic and technical benefits of economic integration, theory of economic integration (customs union theory), theory of economic integration (customs union theory), from the European community to European union: its foundation and evolution, institutional structure of EU, European ac

ECON515 - Globalization and Regionalization (3 + 0) 5

Globalization and its aspects, financial globalization, foreign direct investment, multinational companies, globalization and economic development, from restricted free trade to conditional free trade, new industrialized countries, integration theory, economic unions, EU experience, impact of globalization and regionalization on economy, regional u

ECON521 - Applied Econometrics (3 + 0) 5

Modeling linear regressions, bivariate and multivariate regression techniques and their applications, model specification problems, parameter estimation problems, nonlinear regression models, data handling problems, simultenaous equation models, restricted regression models, time series, nonstationary series and autocorrelation and panel data.

ECON522 - Economic Growth and Development (3 + 0) 5

This class cover topics such as the reasons for some countries' relative poverty , solutions to underdevelopment, the dynamics of growth, impact of globalization on development.

ECON522  - Economic Growth and Development (3 + 0) 5

Basic facts about economic development, economic growth, development and inequality, economics of health, economics of education, gender and family, aid and development, corruption, microcredit, credit, savings and insurance, land, agriculture, incentives, urbanization, environment and development.

ECON523 - Turkish Economy (3 + 0) 5

The economic implications of the Treaty of Lausanne and İzmir Economic Congress, economic recovery: openness of the economy, outcomes of economic recovery and the conditions preparing the etatist period, import substituting industrialization under protective foreign trade regime, fracture: World War II, liberal economic policies: a new attempt of

ECON524 - Fiscal Policy (3 + 0) 5

Definition of fiscal policy, its aims, bound, and tools; evaluating efficiency of fiscal policy according to different perspectives; measuring the effects of fiscal policy; method to apply fiscal policy; inflation, stagflation and dealing with such issues, budget deficit and financing budget deficit.

ECON526  - Money and Monetary Policy (3 + 0) 5

Survey of development and use of money and credit, analysis of the demand and supply of money, monetary theory and policy tools and their use for economic stabilization, current issues in monetary theory and policy, special applications to Turkey.

SBE-ECON-T-AE1FA1 - Departmental Elective (0 + 0) 5

SBE-ECON-T-AE1FA2 - Departmental Elective (0 + 0) 5

SBE-ECON-T-AE1FA3 - Departmental Elective (0 + 0) 5

SBE-ECON-T-AE1FA4 - Departmental Elective (0 + 0) 5

SBE-ECON-T-AE1FA5 - Departmental Elective (0 + 0) 5

SBE-ECON-T-AE1FA6 - Departmental Elective (0 + 0) 5

SBE-ECON-T-AE1FA7 - Departmental Elective (0 + 0) 5