Economics Course Descriptions

ANTALYA INTERNATIONAL UNIVERSITY

ECONOMICS

COURSE DESCRIPTIONS

CORE COURSES

  • ECON101 - Principles of Microeconomics

With the objective of forming an introduction to microeconomics, this course covers the core topic of economic analysis: how individual households and firms make their decisions in allocating scarce resources for consumption and production. The course will acquaint the students with the notions of demand and supply, rational decision making, resource allocation, markets as allocation and coordination mechanisms, externality, and competition.

Credit(s)       : 4 ECTS :7

 

  • ECON 102 - Principle of Macroeconomics

Macroeconomics is the study of the structure, functioning and performance of an entire economy. The course will cover the central tools of modern macroeconomic theory and economic policy. It will, in particular, introduce the aggregate indicators of economic performance, such as the gross domestic product (GDP), aggregate demand and supply, money and monetary policy, price indexes, inflation and unemployment, savings, investment, interest rates, exchange rates,  economic growth, and international monetary relations.

Credit(s)       : 4 ECTS :7

 

  • BUSI 111 - Information Technologies

This course provides a broad introduction to the many elements that comprise an information system and briefly explores the underlying information technologies and their impact on business organizations. Emphasis is placed on managers' information needs, the various kinds of support necessary for decision-making, and the functional and strategic implications of information systems for organizations. Through the use of cases, course participants will be expected to demonstrate an awareness of current developments and the ability to identify dominant issues and possible solutions arising from the adoption of new technologies.

Credit(s)       : 3  ECTS :6

 

  • ECON 104 - Research Methods in Economics

This course introduces students to the process of using qualitative and quantitative data to analyse economic phenomena in order to generate new insights and improve the understanding of social and economic issues from existing theories and knowledge. Strategies to identify collect or retrieve relevant data, the formulation of adequate research questions, dealing with various forms of economic data and hypothesis testing and reporting the results are some of the many aspects covered by this course.

Credit(s)       : 3 ECTS :6

 

  • MATH 111 - Calculus for Social Sciences I

Functions, properties and their graphs. Trigonometric functions. Exponential functions, inverse function and logarithms, geometric series, compound interest, exponential growth and decay. The tangent of a curve, The Limit of a function, One sided limits, limits at infinity, continuity. Derivatives and rates of change. The product and quotient rules, Derivatives of trigonometric functions, The chain rule, implicit differentiation, derivatives of logarithmic functions. The mean value theorem. Fundamental theorem of calculus. Indeterminate forms and L’Hospital’s rule. Optimization problems.

Credit(s)       : 4  ECTS :7

 

  • MATH 112 - Calculus for Social Sciences II

Area and distance, definite integral. The fundamental theorem of calculus, indefinite integral. Substitution rule, integration by parts. Integration of rational functions by partial fraction, trigonometric functions. Trigonometric substitution. Area between curves. Volumes. Improper integral. Differential equations (separable and first-order linear equations). Three-dimensional coordinate systems, functions of several variables, partial derivatives. Free extreme and method of Lagrange multipliers. Double integrals.

Prerequisite: MATH 111

Credit(s)       : 4  ECTS :7

 

  • ECON 201 - Intermediate Microeconomics

This course will introduce students to the theories of demand, supply, market clearing, consumer utility maximisation, firm profit maximisation, and welfare economics. Students will learn how firms make their production decisions in the factor and product markets, as well as how consumers maximize their utility under budget constraint. Notions of competition, market power, public goods, externality and efficiency will be also deepened.

Prerequisite  : ECON 101, MATH 111, MATH 112

Credit(s)       : 4 ECTS :7

 

 

 

  • ECON 202 - Intermediate Macroeconomics

This course is aimed to enhance the students’ understanding of modern macroeconomic theory and policy-making, as well as other key issues affecting long-term economic performance of an economy. The course will help student develop the core analytical instruments of macroeconomics to critically analyze national policies for the achievement of desired  economic  objectives. The course covers the basic Keynesian macroeconomic tools, such as the IS-LM framework and the aggregate demand-aggregate supply framework. It also deals with issues underlying fiscal and monetary policy, and the relationship between the domestic economy and changing international economic environment.

Prerequisite  : ECON 102

Credit(s)       : 4 ECTS :7

 

  • MATH 204 - Statistics for Social Sciences

Introduction to statistics with special emphasis on the utilization of statistical methods in social sciences: Organization of data, measures of center and variability. Basic probability concepts. Discrete and continuous random variables and their distributions. Inferences about the mean. Applications using statistical computer programs.

Credit(s)       : 3  ECTS :5

 

  • ECON 205 - Mathematical Economics

This course focuses on understanding of basic analytical techniques for economic analysis. The topics include the mathematical formulation of economic theory, maximizing and optimizing behavior; applications of calculus and linear algebra to consumer and business firm theory, economic strategies, growth and stability.

Prerequisite  : MATH 111, MATH 112

Credit(s)       : 3 ECTS :6

 

 

  • ECON 212 - Industrial Organization

This course studies the nature of various kinds of industries, the implication of this nature on the firm behavior, and the performance of these industries.  It provides a theoretical framework to understand optimal business strategies and appropriate public policies.  Issues to be studied include how business strategies regarding pricing, bundling, and advertising could be determined and how industries could evolve through entry and exit, cartel formation, vertical integration, and mergers.

Prerequisite  : ECON 201

Credit(s)       : 3 ECTS :6

 

  • ECON 301 - Econometrics 1

This course aims to equip students with the core methodological tools of analyzing the relationships among economic variables using real life data. The objective is to provide students with a solid understanding of correctly formulating, estimating, and drawing inferences from a linear regression model. More specific topics include model specification, heteroscedasticity, serial correlation, multicollinearity, dummy variables, and associated diagnostic tests.

Prerequisite  : MATH 204

Credit(s)       : 4 ECTS :6

 

  • ECON 302 - Econometrics 2

This course aims to provide a thorough grounding of the modern theory of econometrics together with the working knowledge of the most important topics in econometric estimation and inference. Time will be devoted to panel data models like fixed and random effects estimators, maximum likelihood estimators, limited dependent variables models, two-stage least squares, and non-linear least squares estimation.

Prerequisite  : ECON 301

Credit(s)       : 4 ECTS :6

 

  • ECON 311 - Money and Banking

This course offers a modern analysis of current monetary theories and financial institutions. It provides students with a general understanding of the functioning of financial systems on micro and macro levels. On the micro level the course makes the students acquainted with the determination of interest rates, the use of the various financial instruments, the bank management and regulation. On the macro level, the course will cover the aspects of determination of monetary policy by the central bank, the function of the money in the economy, the instruments of monetary policy and its targets as well as the current issues in monetary policy debates.

Prerequisite  : ECON 202

Credit(s)       : 3 ECTS :6

 

  • ECON 312 - Open Economy Macroeconomics

This course expands on intermediate macroeconomics and develops a systematic analysis of international macroeconomics, covering topics like balance of payments, nominal and real exchange rates, international capital markets, capital mobility, the international monetary system, currency unions, and financial crises in the global economy.

Prerequisite  : ECON 202

Credit(s)       : 3 ECTS :6

 

  • ECON 313 - International Trade

This course provides students with a critical understanding of the theory and practice of international trade. The first part of the course develops the standard theory of international trade covering the determination of the patterns of commodity trade between countries. The second part of the course is more policy-oriented and covers strategic trade policy, multilateral trade liberalization, and the role of institutions in managing global trade.

Prerequisite  : ECON 101

Credit(s)       : 3 ECTS :6

 

  • ECON 401 - The Turkish Economy

This course will cover the structure of the Turkish economy during the Republican period. Specifically, it will go through the industrial evolution of the economy with a focus on migration, manufacturing, expanding trade and multilateral relations, employment of the skilled and unskilled labor force, and changing demographics. Significant attention will also be paid to other policy-oriented issues which consider the Turkish economy as a laboratory of macroeconomic crises, stabilization programs, privatization drive, current account deficit, and energy dependence.

Prerequisite  : ECON 101, ECON 102

Credit(s)       : 3 ECTS :6

 

 

  • ECON 402 - Contemporary World Economy

The world economic configuration is undergoing rapid changes and the dynamics of globalization are constantly shaping new opportunities while raising new challenges. This course will provide an overview of the economic dynamics in the transformation of the world economy of the post WWII period and give insights into the main contemporary debates about, economic growth, the structure of international trade and investment, global financial markets, and the consequences of globalization.

Prerequisite  : ECON 102

Credit(s)       : 3 ECTS :6

 

  • ECON 411 - Time Series Analysis and Forecasting

This course will introduce time series techniques as an underlying tool for forecasting core economic and financial data, such as inflation, interest rates, oil prices, stock market indexes, share prices, and so on. The techniques will, in particular, cover such topics as: trend, seasonality, ARMA analysis, distributed lag models, VAR models, ARCH-GARCH models, as well as diagnostic tests including, but not limited to, unit root tests and serial correlation test. The course will provide students with a crucial toolbox that will aid informed analysis of data not only in the public and private sector, but also in graduate studies that may be targeted in the future.

Prerequisite  : ECON 301, ECON 302

Credit(s)       : 3 ECTS :6

 

ELECTIVE COURSES

 

  • ECON 331 - Development Economics

This course deals with the broad issues related to the living conditions of communities, the economic development and industrialization of countries living with or emerging from various degrees of poverty. It directs students’ attention on the major debates regarding to poverty, its causes and consequences, the policy tools used to address it, human development, and gender gaps. Aspects such as development assistance, foreign direct investment, trade, and the broader relations between developing and industrialized countries are also covered.

Prerequisite  : ECON 102

Credit(s)       : 3 ECTS :6

 

  • ECON 332 - Public Finance

This course forms a broad introduction to the economic analysis of the public sector. It provide students with analytical tools needed to understand the role the government plays in the economy and policy issues regarding public spending and budget deficits, fiscal policy, supply of public goods, public choice, equity and economic efficiency.

Prerequisite  : ECON 102

Credit(s)       : 3 ECTS :6

 

 

 

  • ECON 333 - World Economic History

This course is aimed to shed light on the historical evolution of the world economy from the perspective of the recent political economy and economic development literature.  It will not only cover in detail the standard economic-historical turning points in the world history, such as medieval trade, geographical discoveries, industrial revolution, and the 20th century technological developments, but also other phenomena which co-evolved with these events and has impacted the current global economic and political atmosphere, such as urbanization, colonization, democratization, and institutional development.

Credit(s)       : 3 ECTS :6

 

  • ECON 351 - Advanced Microeconomics

The course provides a rigorous foundation of microeconomics and the mathematical tools necessary for students who want to take graduate level courses in economics. It covers selected topics from individual and interdependent decision making problems.

Prerequisite  : ECON 201, ECON 205

Credit(s)       : 3 ECTS :6

 

  • ECON 352 - Advanced Macroeconomics

This course aims to develop the tools of modern macroeconomics by reviewing some of the concepts taught at intermediate level and upgrade them through mathematical modeling. It also introduces new topics and models that will help students understand and develop further the macroeconomic literature. Coverage includes aggregate demand, aggregate labor market, adaptive expectations hypothesis and stability, rational expectations, Ricardian equivalence and credibility.

Prerequisite  : ECON 205, ECON 202

Credit(s)       : 3 ECTS :6

 

  • ECON 353 - Game Theory

This course develops the theoretical tools that can be used to study interdependent decision making situations. It will apply these tools to real life situations to help understand how individuals shape their optimal strategies and to predict the outcomes of these interactions. Examples will be drawn from a wide spectrum of areas, including industrial organization, international relations, market design, and politics.

Prerequisite  : MATH 111

Credit(s)       : 3 ECTS :6

 

  • ECON 371 - Economics of Tourism 

This course examines tourism from an economic point of view. Topics include the determinants of tourism demand, competition among suppliers of tourism services, tourism development, government’s role in the taxation, subsidy, regulation and protection of the tourism industry and sustainable tourism development.

Credit(s)       : 3 ECTS : 6

 

 

 

  • ECON 431 - Current International Economic Issues

This course provides a comprehensive analysis of international economic relations, with an objective of developing policy insights. The topics include trade policy, protectionism and free trade, the political economy of protection, non-tariff barriers, regionalism, World Trade Organization, dispute settlement, competition policy, and foreign investment.

Prerequisite  : ECON 101, ECON 102

Credit(s)       : 3 ECTS :6

 

  • ECON 432 - Labor Economics

This course analyzes how labor markets operate and how institutions affect labor market performance and outcomes. Students will have an understanding of the theories and empirical tools used by labor economists. Topics to be covered include labor supply, labor demand, wages, human capital, wage inequality, mobility, unemployment and bargaining power, unemployment insurance, employment insecurity, and full employment policies.

Prerequisite  : ECON 202

Credit(s)       : 3  ECTS :6

 

  • ECON 433 - Applied Microeconometrics

The aim of the course is to provide students with a firm grounding and the practical applications of modern microeconometric methods. The course will expand upon Econometrics II and will undertake a diverse set of empirical exercises using cross-sectional and panel data relating to individuals, households, and firms. The course will provide the students with a highly useful tool box to carry out the empirical analysis of microeconomic agents and draw policy implications from thereof. The overall objective the course is to endow students with data analysis skills to be used not only in the public and private sector, but also in graduate career in economics.

Prerequisite  : ECON 301, ECON 302, ECON 201

Credit(s)       : 3 ECTS :6

 

  • ECON 434 - Economics of Regulation and Antitrust

This course studies economic regulations and antitrust policies which are aimed to promote competition among firms and to control the abuse of market power. The aim of this course is to identify the conditions under which government intervention improves the performance of an industry and to study how well various regulatory policies could work relative to no government intervention.

Prerequisite  : ECON 212

Credit(s)       : 3 ECTS :6

 

  • ECON 453 - Advanced Industrial Organization

This course studies how empirical tools and observable data can be used to explain the firm behavior and market performance.

Prerequisite  : ECON 301, ECON 302, ECON 212

Credit(s)       : 3 ECTS :6

 

 

 

 

  • ECON 454 - Mathematical Methods in Dynamic Economics

This course aims to provide students with a strong analytical background for a graduate career in economics. Topics include linear and non-linear difference equations, ordinary differential equations, continuous-time models, dynamic programming, and optimal control.

Prerequisite  : ECON 205, ECON 202

Credit(s)       : 3 ECTS :6