Course Descriptions

Introduction to game theory. Basic definitions and concepts. Dominant strategy. Nash equilibirum. Cooperation and coordination. Static games in perfect information. Dynamic games in perfect information. Static games in imperfect information. Dynamic games in imperfect information. Repeating games. Economic contracts. Stable macroeconomic policy and Coase theorem. Cournot and Bertrand duopoly. Strategic trade policy. Limit pricing. Cartel.

Principles of econometric model construction and the econometric techniques used in estimation of behavioral relationships. Econometric description and inference. Statistics for cross-section samples. Probability. Discrete and continuous probability distributions. Random variables. Estimators and sampling distributions. Confidence intervals and tests of hypotheses. Simple linear regression for normal and non-normal populations.

Analysis of the links between economic issues and politics. Meaning of globalization. Technological advancement and globalization. Challenges and opportunities of globalization for countries, firms and supra-national organizations. Costs and benefits of globalization. The challenging role of nation states in a global world. Global trade and multinational investments. Regionalism and globalization. Sustainability as a global issue. Turkey and globalization.

Thinkining like an economist. Economic data analysis.

Data description. Text analysis. Summary and paraphrase of simplified research articles and data charts. IMRAD Summary. Critical thinking and logical argumentation skills to express an informed opinion. Presentation of information to an audience in an academic setting.

Critical thinking and logical argumentation. Academic research. Annotations, citations, quotations. Identification of arguments, reasoning, logical cohesion. Debates. Evaluative summary. Interview.

The themes of microeconomics. The basics of supply and demand. Consumer behavior. Individual and market demand. Uncertainty and consumer behavior. The cost of production. Profit maximization and competitive supply. Market power, monopoly and monopsony. Pricing with market power. Monopolistic competition and oligopoly. Game theory and competitive strategy. Markets for factor inputs. General equilibrium and economic efficiency. Markets with asymmetric information. Investment and capital markets. Externalities and public goods.

Area Elective-I

Introduction to academic genres. Key figures in particular areas of academic life. Synthesizing different sources. Key scientific figure. Reading about and listening to a scientific process. Choosing and describing a scientific process in speech and writing. Reports of different research methods. Lab report or literature search. Passive voice, adverbial clauses and adjective clauses. Understanding and using key vocabulary from a particular domain.

Introduction to the use of statistics in economics and administrative science analysis. Basic statistical concepts used by social scientists. Displaying data. Measures of central tendency and variability. Frequency distributions. Normal distribution. Basic concepts of probability. Sampling distribution and hypothesis testing. One-sample hypothesis testing in social research.