ZİRVE UNIVERSITY
ECONOMICS DEPARTMENT COURSE DESCRIPTIONS
BUS105 Introduction to Financial Accounting I
The purpose of this course is to provide students with basic knowledge of financial
accounting that will allow them to analyze and construct financial statements using the
accounting principles and standards. Accounting is the “language of business” and
students will become sufficiently literate in this language to understand & interpret the
financial position and performance of business entities (as described in their financial
statements) as well as to enhance students’ personal financial decision-making.
BUS101 Introduction to Business I
The purpose of this course is to provide a comprehensive introduction to the key
operations of business placed within organizational, forms of businesses, environmental
and managerial context. Underlying business concepts will be discovered through the
case study examples. The knowledge that students will have acquired by the end of the
course will serve as a solid foundation on which more focused and concentrated studies
can be applied.
ECON101 Introduction to Microeconomics
This course is intended to serve as an introduction to the field of microeconomics. This
course introduces basic tools and concepts of economic theory. The objective of this
course is to develop the ability in students to understand and use the fundamental tools of
microeconomic theory. Using these tools, they can analyze and explain market
phenomena. We will study how markets solve the allocation problem, demand and
consumer behavior, supply and firm behavior, costs of production and different market
types.
ENG101 Academic English I
The objective of this course is to help students write clearly and concisely in an
academic setting for a variety of audiences. It focuses on the principles of correct prose
style, methods of organization, and research skills.
MATH111 Calculus I
The purpose of this course is to provide a mathematical foundation for students in
economics, management & international relations. It begins with pre-calculus topics such
as equations, functions and matrix algebra with applications of mathematics of finance.
These applications cover economics, business and management. Thus, students through
out this course will see continually how the mathematics they are learning can be used.
TURK101/103 Turkish Language I
The course is based on the study of Turkish grammar, the relationship between language
and culture, sounds and sound harmony, nouns, adjectives etc. grammer rules, spelling
and spelling mistakes, punctuation marks, abbreviations, the study of word structure and
the dictionary, types of literary writing, writing of book reviews, travel writing and
creative writing.
BUS106 Introduction to Financial Accounting II
The objective of this course is to teach introduction to financial accounting theory,
concepts, analysis and processes. A study of the accounting cycle, nature of accounts, and
techniques of analyzing, classifying, recording and summarizing basic financial data. An
analysis of the corporate financial structure through the preparation and interpretation of
the balance sheet, income statement and statement of retained earnings.
TBT102 Principles of Information Technology
The objective of this course is to provide a fundamental working knowledge of
information technology. Students will develop skills in computer literacy, computer
applications, emerging technologies, and employability in various fields that use
information technology.
ECON102 Introduction to Macroeconomics
The aim of this course is to introduce the basic concepts of macroeconomic analysis. The
course presents the theory of short-run economic fluctuations, which provides the basis
for understanding most discussions of monetary and fiscal policy. Also the course gives
ample attention to long-term topics including economic growth, the natural rate of
unemployment, persistent inflation and government debt. Topics include money supply
and money demand, the open economy, the theory of economic fluctuations and debates
over various macroeconomic issues. Macroeconomics is a theoretical as well as an
empirical discipline, motivated and guided by a wide array of experience. In line with this
approach, the course is conducted on the basis of examples related to current issues in
Turkey.
ENG102 Academic English II
This course is continuation of Academic English I Course. The objective of this course is
to help students write clearly and concisely in an academic setting for a variety of
audiences. It focuses on the principles of correct prose style, methods of organization,
and research skills.
MATH112 Calculus II
The objective of this course is follow as to provide fundamental conceps about functions:
Algebra of functions, composition of funtions to draw graphs of the basic functions to
define the concept of limit of the function to analyze the continuity of the function to
introduce derivative of a function.
TURK102/104 Turkish Language II
The course is based on the study of Turkish grammar, the relationship between language
and culture, sounds and sound harmony, nouns, adjectives etc. grammer rules, spelling
and spelling mistakes, punctuation marks, abbreviations, the study of word structure and
the dictionary, types of literary writing, writing of book reviews, travel writing and
creative writing.
ATA101/103 Ataturk’s Principles and History of Turkish Revolution I
This course begins with 19th century political and economic history of the Ottoman State.
Then it covers World War I, collapse of the Ottoman State functionally and legally,
stages of salvation wars in the leadership of M.K. Ataturk and formation stages of
Republic of Turkey as a new state.
BUS201/203 Business Law I
The objective of this course is to emphasize business and consumer applications within
the frameworks of Turkish commercial laws, and introduces the impact of globalization.
Distinction is made between civil and criminal law, and the emerging influence of
technology and the Internet. The rules of contracts and commercial law are of
fundamental importance for positive law and legal practice as well as many aspects of
everyday life. Therefore, this course covers all kinds of rules of contracts and commercial
law
ECON 201 Intermediate Microeconomics
The aim of the course is to cover the main topics of microeconomic theory and to
introduce the techniques of economic analysis. The students are assumed to be familiar
with the basic notions of microeconomic theory, calculus and set theory. Consumer
theory and firm theory are covered with a game-theoretic approach.
ATA102/104 Ataturk’s Principles and History of Turkish Revolution II
This objective of this course is to emphasize the evolutions that fulfilled by Ataturk in the
modernization period, Ataturk's principles, home and foreign policy determined by
Ataturk for the newly established Turkish Republic, transition to multi-party political life
and developments in the area of politics, society, economy and education.
ECON202 Intermediate Macroeconomics
The objective of this course is to investigate selected international and financial aspects
of macroeconomics. On the successful completion of the unit, students should be able to
understand macroeconomic analysis in the context of the open economy, understand the
macroeconomic analysis of institutional changes, which affect the conduct of monetary
policy and develop appropriate policy implications.
ECON210 Statistics
The objective of this course is to introduce basic topics in probability theory; sample
space, probability, and conditional probability; random variables, marginal, joint and
conditional distributions; expectations and conditional expectations; moment generating
functions.
ECON301 Econometrics I
Simple linear regression model: the assumptions of the model and the ordinary least
squares (OLS) estimator. Interval estimation, hypothesis testing, and prediction.
Choosing the functional form. General (multiple) linear regression model: estimation, and
testing general linear hypotheses. Restricted estimation and hypothesis testing. Dummy
variables and varying coefficient models. Specification error and multicollinearity.
ECON302 Econometrics II
Large sample theory and the maximum likelihood estimators. Wald, Lagrange multiplier
and likelihood ratio tests. Generalized least squares estimation, heteroskedasticity and
autocorrelation. Simultaneous-equations models.
ECON481/491 Practicum I/Independent Study I
The objective of this course is to give students the possibility to put their theoretical
knowledge into practice. They work in groups on a common project. Regular meetings
are held with the staff and, when necessary, with professionals from the sector.
ECON203 MAKROEKONOMİK GÖSTERGELERİN ANALİZİ
ECON482/492 Practicum II/Independent Study II
This course is continuation of ECON481/491 Practicum I/Independent Study I.
The objective of this course is to give students the possibility to put their theoretical
knowledge into practice. They work in groups on a common project. Regular meetings
are held with the staff and, when necessary, with professionals from the sector.
ECON 211 APPLIED ECONOMIC ANALYSIS I
This course equips students with the skills and knowledge to apply microeconomic
analysis to the current economic problems in today’s world. This course combines
microeconomic theory with applications and analysis on several topics. Areas covered
include firm behavior, entrepreneurship, SMEs, mergers and acquisitions, oligopoly,
privatization, environment, health economics, transportation and wage bargaining.
ECON 231 READING SEMINAR IN ECONOMICS I
Individual readings for qualified students, under the guidance of a member of the faculty.
ECON 237 ECONOMIC HISTORY
This course will introduce students to main historical developments of economic
processes. Topics covered include economic development in ancient times, agricultural
revolution, economic structure in Greek and Roman periods, feudalism, economic
development in Medieval Europe, geographical discoveries, price revolution,
mercantilism, industrial revolution, Great Depression, and economic consequences of the
World War I and II.
ECON 212 APPLIED ECONOMIC ANALYSIS II
This course equips students with the skills and knowledge to apply macroeconomic
analysis to the current economic problems in today’s world. This course combines
macroeconomic theory with applications and analysis on several topics. Areas covered
include consumption and saving, investment, public expenditures, fiscal policy, monetary
policy, financial markets, inflation, unemployment, exchange rates, growth and
development.
ECON 232 READING SEMINAR IN ECONOMICS II
Individual readings for qualified students, under the guidance of a member of the faculty.
ECON 236 INTERNATIONAL POLITICAL ECONOMY
This course provides a multi-disciplinary introduction to the study of international and
multinational social, political, and economic problems. Concepts, theories, and methods
of analysis drawn from economics, history, political science, and sociology are developed
and applied to enable students to understand broadly a number of current economic,
political, and social problems, stressing their comparative and international aspects.
ECON238 Turkish Economy
This course aims to increase student knowledge and understanding of the Turkish
economy. To this end, various issues concerning the Turkish economy will be covered
both from a historical and analytical perspective. Topics to be covered include, but are
not limited to; economic organization in, and resources of, Turkey; structure and trends in
income, production, population, finance and trade; and evolution of economic policy.
Moreover, students will also be encouraged to draw on material from other countries to
gain a comparative perspective.
ECON 311 ADVANCED MICROECONOMIC THEORY
Topics covered will include cardinal and ordinal welfare, social choice and voting,
cooperative bargaining, auctions theory, matching theory, and introduction to behavioral
and experimental economics.
ECON 313 INDUSTRIAL ORGANIZATION I
This course is an introduction to the study of industry and firm behavior. The purpose of
this course is to review the modern theory of industrial organization and competition
policy, using the basis tools of game theory. The main topics include monopoly,
oligopoly, collusion, price discrimination, advertising, and entry barriers.
ECON315 ECONOMICS OF REGULATION AND ANTITRUST
The objective of this course is to provide students with an overview of the main
theoretical issues addressed in the economics of regulation and antitrust. The course also
discusses several "real life" applications. the course introduces the main notions of the
economics of regulation and antitrust. It briefly reviews the main rationale for State
intervention.
ECON 331 GAME THEORY
This course introduces the basic tools of game theoretic analysis with applications in
economics and political science. Main topics covered are static games of complete
information, dynamic games of complete and perfect information, dynamic games of
complete but imperfect information, static games of incomplete information, and
dynamic games of incomplete information.
ECON 341 MARKET DESIGN
This course explores the theory and practice of market design. Key topics include
auctions, labor market matching, school choice programs, online markets, organ
exchange systems, financial market design, and matching with contracts.The analysis
relies on a mix of documenting the rules of real-world markets, game theoretic analysis,
empirical analysis, and experimental work.
ECON 343 Social Choice and Welfare
This is an advanced microeconomic theory class for undergraduates. Topics include the
efficiency and coalitional stability properties of markets, as well as other mechanisms to
allocate resources. Market failures are discussed, including advanced treatments of
externalities, public goods, and asymmetric information. The second part of the course
will discuss a number of topics in social choice theory, including different normative
criteria of compensation, life and death choices, majority voting, Arrow’s impossibility
theorem.
ECON 361 INTERNATIONAL TRADE
This course provides students an analytical training on how to evaluate and conduct
economic analysis of issues regarding international trade theories and outcomes of
international trade policies. Covered topics are classical trade theories, Hecksher-Ohlin
Model, other international trade theories, international trade policy tools including tariffs,
quotas, export taxes, and export subsidies, economic analysis of custom unions.
ECON 363 ECONOMIC GROWTH
This course provides an introduction to contemporary research on economic growth
issues. Course covers the Solow growth model, population growth and trends,
productivity, technological progress, inequality and the impacts of culture, geography,
environment, government and foreign aid on economic growth.
ECON 365 Money, Banking and Financial Institutions
Overview of the Financial System, The Roles of Money, Money and the Payment
System, Behavior, Risk and Term Structure of Interest Rates, Saving, Investment and
Interest Rate determination, The Theory of Portfolio Allocation, Information and
Financial Market Efficiency, Financial Markets and Institutions, Information Cost and
Financial Structure, Business of Banking, Financial Crises, Structure of Central Banks,
Multiple Deposit Creation and Money Supply, Determinants of the Money Supply.
ECON 371 COMPARATIVE ECONOMIC SYSTEMS
The underlying purpose of this course is to help you improve your ability to make sense
of political-economic systems and processes. The more immediate purpose of the course
is to investigate how much economic freedom societies should have.
ECON 312 ADVANCED MICROECONOMIC THEORY
Macroeconomic theory with main emphasis on dynamic general equilibrium models.
Mathematical tools for modern dynamic macroeconomics and examples of their
application to business cycles, asset pricing, fiscal policy, growth and unemployment.
Uncertainty in inter-temporal models. The course is more about acquiring methodological
and analytical skills than about empirical or policy applications.
ECON314 Industrıal ORGANIZATION II
This course provides a graduate level introduction to Industrial Organization. The course
and the readings apply price theory and game-theoretic techniques to explain industry
structure, conduct, and performance.Fundemental Concepts. Industrial Economics.
Analysis on Turkey Industry. Strategic Management. Industrial Risk and Forecasting.
Building the internal organization. Organizing the physical facilities-Plant Location and
Building. Planning For Production. Controlling Materials and Production Mechanisms.
Principles of Industrial Relations. Personal Management. Selling the product. Budgetary
Control. Coordinating the Enterprise.
ECON 316 MATHEMATICAL ECONOMICS
This course engages students with mathematical tools to be utilized in quantitative
analysis in social sciences. Materials covered include topological concepts, fixed point
theorems, Lagrange method, Kuhn-Tucker method, envelope theorems, convex analysis,
finite horizon dynamic programming and infinite horizon dynamic programming.
ECON 332 ECONOMICS OF INFORMATION AND CONTRACTS
Analysis of problems created by informational asymmetries between agents and how to
design contracts to solve these problems; Topics covered include adverse selection,
screening, signaling, and moral hazard; Applications to insurance, labor, and credit
markets, auctions, and corporate finance.
ECON 342 POLITICAL ECONOMICS
This course is an exploration of the nexus of political institutions, the economic
environment, and economic policy. This course develops the basic tools of social choice
and some of the fundamental results of spatial theories of politics. Students will learn the
canonical approach and theoretical results of social choice and will become familiar with
its application to several specific areas in political economy and macroeconomics.
ECON360 International Economics
The objective of this course is to provide students with an understanding of the principles
and applications of international economics, so that students will be prepared to face the
future complexities of the world economy. The course will cover the law of comparative
advantage, the gains from trade, the Ricardian model, the Heckscher-Ohlin theory, the
standard and alternative trade theories, tariff and non-tariff barriers, customs unions, and
international factor movements, balance of payments and adjustment policies, fixed and
flexible exchange rates, the internationalization of financial markets, international capital
mobility, international macroeconomic policy coordination.
ECON362 International Finance
This course focuses on international financial management and international trade.
Topics in financial management, viewed primarily from the perspective of managers
doing business overseas, include the management of foreign exchange exposure, foreign
direct investment decisions, and multinational capital budgeting. Other topics covered
include trends in international banking, the balance of payments, the determination of
exchange rates, the LDC debt crisis, and the Asian meltdown.
ECON 364 DEVELOPMENT ECONOMICS
This course provides an introduction to contemporary research on issues of development
economics. Course will cover development indicators, savings and investment, poverty
and inequality, informal economy, and impacts of migration, environment, institutions
and foreign aid on economic development.
ECO366 PUBLIC ECONOMICS
Public Policy, Power and Pluralism, Fuller and Myers Method Awareness, Policy
Determination, Policy Implementation, Political System, Linkage Mechanisms, Power
and Policy Making ,Rational Public Policy Analysis Methodology, Tax Policy, The
Categorization of Taxes Taxation, Fairness and Growth, Principles of Stabilization
Policy, Fiscal Policies in Turkey After 1980, Struggle Against Inflation.
ECON 372 HISTORY OF ECONOMIC THOUGHT
This course provides an overview of the main schools of economic thought. Topics of
interest are classical economic theory, neoclassical economic theory, Keynesian and postKeynesian economic analysis.
ECON 374 ECONOMICS OF LAW
This course will use basic microeconomic tools to understand how the law often, but not
always, promotes economic efficiency. Among the areas to be discussed will be tort law,
property law, intellectual property, antitrust regulation.
ECON 401-409 TEACHING TUTORIALS IN ECONOMICS
This course equips students with practical tools needed by professionals. The course will
involve teaching techniques, practical teaching in tutorials, discussion and problem hours.
ECON 410-420 SELECTED TOPICS IN ECONOMICS
Topics of special interest which may vary each time course is offered. Topic stated in
current Schedule of Classes. May be repeated under different topics
ECON 421 ECONOMICS OF GENDER
Analysis of gender differences in employment and earnings. Family, labor
market, discrimination, segregation, historical and inter-national conditions, and
antidiscrimination legislation.
ECON 423 BEHAVIORAL ECONOMICS
Understanding of how humans make choices in economic situations. The incorporation of
psychology and/or sociology into economics. Topics may include perceptions, judgment,
biases, and social pressure.
ECON 431 ADVANCED READING SEMINAR IN ECONOMICS I
Individual study arranged with a member of the Economics and Business Analysis
faculty. A carefully prepared research paper concludes the course. This course may be
taken for Academic Distinction Program Credit and can be used for Internship credit.
This course may be repeated.
ECON 441 APPLIED MICROECONOMICS
This course studies selected topics from microeconomics by utilizing econometric tools.
Areas covered include household behavior, firm behavior, entrepreneurship, SMEs,
environment, health, transportation and labor economics.
ECON 451 HEALTH ECONOMICS
This course studies how to apply microeconomic tools to analyze health and medical care
issues. Topics of focus are economic efficiency analysis; cost benefit analysis; demand
and supply of health care; production, cost and technology of health care; demand and
supply of health insurance; pharmaceutical industry and government intervention in
health care markets.
ECON 453 PUBLIC FINANCE
This course examines the role of government in private economies. Under ideal market
conditions, competition promotes economic efficiency via Adam Smith’s “invisible
hand”, leaving little role for the government. In some cases, however, markets fail and
government intervention may be desirable. Market failures to be analyzed include public
goods and externalities. In addition to these market failures, the government may have a
role in the redistribution of income. The course then examines the financing of such
government interventions. Tax systems should be designed to enhance economic
efficiency and to promote an equitable distribution of income.
ECON 455 ENVIRONMENTAL ECONOMICS
This course provides students an analytical training on how to apply the tools of
economic analysis to evaluate various market-oriented approaches to dealing with
environmental problems. Covered topics are externalities and market failure, economic
solutions to environmental problems such as carbon taxes, pollution quotas, pollution
permits and emission trading, taxation, subsidies, environmental risk analysis and costbenefit analysis.
ECON 461 AGRICULTURAL ECONOMICS
Academic success and development of leadership skills through involvement and
activities on campus. Time management and study skills. Identify potential internship and
career opportunities.
ECON 463 REAL ESTATE ECONOMICS AND FINANCE
This course applies economic and finance theory to real estate investment analysis.
Topics of interest are debt financing in real estate investment, portfolio theory with
optimization problems, deterministic and continuous asset pricing models.
ECON 465 TRANSPORTATION ECONOMICS
This course introduces students to major theories and urban transportation policy issues
in the field of transportation economics. The course covers travel demand analysis, costs
of transportation infrastructure and service operations, network structure, congestion and
other external costs of transportation, pricing and infrastructure investment.
ECON 469 TRANSITION ECONOMICS
The subject Transition Economics analyses the process of radical institutional change in
the countries of the former Communist bloc. It provides an overview of developments,
both macroeconomic and also microeconomic. It considers the factors explaining
economic growth, the role of corruption, the financial sector, privatization, and new
private enterprises.
ECON 471 ADVANCED ECONOMETRICS
This course will present an advanced treatment of econometric principles for crosssectional, panel and time-series data sets. While concentrating on linear models, some
non-linear cases will also be discussed, notably limited dependent variable models and
generalized methods of moments.
ECON 473 TIME SERIES ECONOMETRICS
This course is designed to teach students how to apply mathematical economic theory
and statistical procedures to economic data that is time series in nature. The course covers
basic timer series models, stationary and non-stationary processes, structural break tests,
seasonality, forecasting, state-space models, data filtering methods and analysis of
financial time series.
ECON 424 EXPERIMENTAL ECONOMICS
This course provides an introduction to contemporary research on experimental
economics. Topics to be covered are experimental analysis of individual’s decisions,
comparison of theoretical and experimental results in game theory, experimental analysis
of social manners, division and equity, and experimental results about public goods and
coordination failures.
ECON 432 ADVANCED READING SEMINAR IN ECONOMICS II
Individual study arranged with a member of the Economics and Business Analysis
faculty.. A carefully prepared research paper concludes the course. This course may be
taken for Academic Distinction Program Credit and can be used for Internship credit.
This course may be repeated.
ECON 442 APPLIED MACROECONOMICS
This course studies selected topics from macroeconomics by utilizing econometric tools.
Areas covered include consumption and saving, investment, business cycles, public
expenditures, fiscal policy, monetary policy, financial markets, inflation, unemployment,
exchange rate regimes and economic crisis.
ECON 452 LABOR ECONOMICS
This course provides an introduction to contemporary research on labor market issues.
Topics of interest are supply of labor and work, leisure preferences, earlier wage theories,
labor force participation rates, demand for labor, wage determination, efficiency wages,
unemployment, marginal productivity, labor unions, job competition model, theories of
labor market discrimination, mobility, migration and efficiency and the theory of
segmented labor markets.
ECON 456 NATURAL RESOURCE ECONOMICS
This course provides students an analytical training on how to apply the tools of
economic analysis to evaluate various market-oriented approaches to dealing with issues
on natural resource economics. Course will cover optimal use, depletion and allocation of
renewable and nonrenewable resources.
ECON 457 ENERGY ECONOMICS
An examination of how human values, activities, and institutions affect the environment
and how the tools of economics can be used to evaluate public policy alternatives
designed to improve the quality of the environment.
ECON 462 ECONOMICS OF TOURISM
Tourism Economics and Strategic Concepts, Tourism and Economic Science, the place
and importance of the tourism economy, tourism demand and supply of tourism supply
and the characteristics of demand These Factors Affecting, Tourism Market, Tourism
Economics and the Balance of Payments, Economic Impact of Tourism, The Effects of
Money Market Tourism Tourism National Income, Employment, Inflation and Impact on
Investment, Investment and Economic Returns of Tourism Characteristics, Features and
Effects of Public Revenue of Tourism Revenues.
ECON 464 URBAN ECONOMICS
This course provides an introduction to theory and contemporary research on urban
economics. Topics of interest are theories of urban spatial structure, urban economic
structure, techniques of urban economic analysis, and economics of major urban
problems.
ECON 466 REGIONAL ECONOMICS
Economic problems of metropolitan and rural areas, location theory, regional resources,
transportation problems, crime, and poverty. Factors affecting the spatial distribution of
economic activity. Applications of economic analysis to problems of urban areas such as
housing markets, zoning restrictions, and racial patterns of employment and housing.
ECON 468 SPORTS ECONOMICS
This course provides an economic analysis of the sports industry. Topics include the
market for sports, the labor market in sports, owners’ goals, league structure, government
involvement and the role of media.
ECON 470 ECONOMICS OF INSTITUTIONS
This course underpins the study of more specialist areas of economics at Level 2 and 3 by
providing a foundation of knowledge about the workings of economies with special
attention to institutions and institutional frameworks. The taught phases cover situating
economies and the discipline of economics in a broader social and historical context
together with exploring the limits of economic analysis. Students draw on economic
policy inferences and recognize the potential constraints in their implementation.
ECON 472 APPLIED ECONOMETRICS
Methods for using actual data together with modern software to build, assess critically,
and interpret econometric models of real world phenomena and policy issues.