ECON5001

Managerial Economics

Main focus on business decisions, making extensive use of cases. Basic supply-demand theory and marginal analysis, the structure of decision problems, the impact of the market setting (i.e., competitive, oligopolistic or monopolistic structures) and strategic interactions among firms using game theory. Use of economic reasoning to solve actual business decision problems.

ECON5003

Microeconomics

Some of the topics covered in this course are as follows: principles of resource allocation, supply and demand, consumer behavior, costs of production, the competitive model, oligopoly, and factor markets.

ECON5004

Macroeconomics

Some of the topics covered in this course are as follows: national income accounting, inflation and unemployment, competing theories of national income, fiscal policy, the Federal Reserve system and monetary policy, and international trade.

ECON5100

Ekonomi ve Finansta Davranışçı Yaklaşımlar

Bu ders disiplinler-arası bir derstir ve pazarlama, yönetim, ekonomi, finans ile ilgili ders programlarına davranışçı yaklaşımların katkıları ile zenginleştirici ve uygun içeriklerle katkı sağlaması amaçlanmıştır. Bu dersin temel konuları: Ekonomik ve finansal kararlarda insansal sınırlar ve komplikasyonlar; kayıp ve risk korkusu; Standart ekonomik modelden sapmalar; insanları duygulardan arındırılmış ekonomik çıkarları maksimize eden bireyler olarak varsaymanın yetersizliği; Sınırsız rasyonalite varsayımı ile üretilen tahmin ve öngörülere karşıt elde edilen düşündürücü ampirik ve deneysel sonuçlar; İrrasyonel davranış sonuçları standart ekonomik modele göre ortaya çıkan farklılıklar; Ekonomi ve finansta davranışçı yaklaşımın gündelik yaşama olan katkıları; Tüketiciler ve Fiyatlar; Ücretliler ve Ücretler; Finansal karar verme konusunda halkın bilgi düzeyi ve sonuçları; Beklenti dışı gelişmeleri beklemek: Soyut rasyonellikten gündelik gerçeklere yolculuk; İstihdam piyasasındaki İrrasyonel faktörler ve İstihdam piyasası politikalarına etkileri; Mutluluk, genel doyum düzeyi, sübjektif refah düzeyi algıları ve Merkez Bankaları; Ekonomiye Davranışçı Yaklaşımı ışığında günümüz ve geleceğin ekonomi politikaları; Fiyatlandırmanın davranışçı açıdan incelenmesi; Enflasyon algısı; Mutluluk ve Makroekonomik Dalgalanmalar.

ECON5103

Money and Banking

Introduction to basic concepts such as financial liberalization, demand and supply of money and other financial assets, creation of money by the central bank, the banking system and by other financial intermediaries, the money base, money multiplier, velocity of money and the monetary policy. Turkish legal and institutional structure in comparison to the financial structure of the EC economies. Discussions over money and capital markets, the foreign exchange market, inter-bank markets and government security auctions as well as open market operations and introduction of forward, future and options markets.

ECON5104

Business Forecasting

Topics in probability theory; theoretical distributions, law of large numbers, central limit theorem, and the normal distribution. Basic topics in parametric statistics, estimation, confidence intervals and hypothesis testing, goodness-of fit tests, analysis of variance, regression and correlation analysis; time series analysis, quantitative forecasting methods; elementary design of experiments and data collection; computer implementations using available up to date statistical software.

ECON5105

Open Economy Macroeconomics

National income accounting, inflation, growth and unemployment, IS-LM and AS-AD models, short and medium run analysis, open economy, openness in goods and financial markets, fiscal and monetary policies in open economy, exchange rates and exchange rate regimes.

ECON5106

Global Finance

Introduction to the institutions, instruments of international financial markets and the economic theory behind the developments in these areas. Analysis of the relationships between the exchange markets, foreign trade and financial markets.

ECON5113

Economic Policies and Strategies

Fiscal and monetary policies and their effect in short and medium runs, inflation, growth and debt dynamics in emerging markets, study of crisis response programs, study of stylized facts of emerging markets and Turkey, analysis of income distribution, discussion of development strategies.

ECON5150

Global Finance Markets and The Turkish Corporation

This course takes a micro approach to global financial markets as well as the Turkish Banking system from the point of view of a Turkish corporation seeking new equity or debt financing. The main topics of this course are: How Turkish Corporations Utilize International Financial Markets; Corporate Finance in Turkey; The Global Financial Markets; International Trade Finance; International Project and Real Estate Finance; Islamic Financing; Global Investment Banks; Private Equity Funds and Venture Capital; Hedging Financial Risks; Hedge Funds; Multinational Financial Institutions and their Role in Financing the Turkish Economy and Corporation.

ECON5900

Post- Communist Markets and Economics

The main topics of this course are communist market and economic policy; collapse of communism; establishment of market-based systems; development of post-communist markets in the 1990s (FSU, Eastern Europe, Balkans); consolidation of markets in the 2000s (FSU, Eastern Europe, Balkans); current status of market developments (FSU, Eastern Europe, Balkans).

ECON5999

Project

The graduate program in Financial Economics will be completed with appropriate project/thesis by supervision of an advisor.