ECIR 313 / INTRODUCTION TO GLOBAL POLITICAL ECONOMY
Units: 3Pre-requisites: INTL. 203 or consent of the instructor

Main approaches to various institutions and actors that make up the field of international political economy. Question of who gets what at a global level from a multi-actored, multi-level and mul-disciplinary perspective. Interactions between states, markets, firms, NGOs, and not-for-profit organizations at the local, national, regional, and supranational levels. Global trade, production, finance, and knowledge structures and relations in the context of international organizations, transnational corporations, global financial structures, regional integrations, North-South relations, discourses and practices of development, and problems of global poverty.

ECON 100 / PRINCIPLES OF ECONOMICS
Units: 3Pre-requisites:

Economic reasoning; basic concepts and processes in microeconomics and macroeconomics; identification and discussion of current economic issues covered in popular economics publications.

ECON 110 / INTRODUCTION TO ECONOMIC AND STRATEGIC BEHAVIOUR
Units: 3Pre-requisites:

Introduction to basic concepts and tools of game theory; Various types of games and their solutions introduced and illustrated using real-life examples; Applications to economics, business, politics, law, biology, and history; Using game theory to understand evolution of social norms such as cooperation, altruism, and reciprocity as well as other social institutions.

ECON 201 / MICROECONOMICS
Units: 3Pre-requisites: ECON. 101 or ECON. 100

Conceptual foundations and modeling tools towards an understanding of economic decisions and interactions; theory of the consumer: preferences and utility maximization, with application to different choice contexts; theory of the firm: profit maximization, cost minimization; market equilibrium with perfect competition, monopoly, and oligopoly; markets for factor of production; introduction to general equilibrium and welfare; public goods and externalities; basic concepts of game theory and strategic interaction; information and market failure.

ECON 202 / MACROECONOMICS
Units: 3Pre-requisites: ECON. 102

Real and financial sides of the aggregate economy; determinants of long-term economic growth and the Solow growth model; the business cycle and the behavior of aggregate consumption, savings, investment , and unemployment; aggregate price dynamics and inflation; monetary and fiscal policies in the context of IS-LM framework; open economy: real exchange rate and balance of payments. Impact of financial crises and macroeconomic policy response.

ECON 311 / INTRODUCTION TO ECONOMETRICS
Units: 4Pre-requisites: ECON. 201 and MATH. 201 or Engr 200 or Engr 201 or Math 211 and Cpap 100 or Cpap 101 or Cpap 150 or COMP 100

Methods used for empirical examination of economic phenomena. Linear regression: least squares, goodness of fit, prediction; classical regression model; properties of estimators; links between models and economic theory; functional form; interpretation of regression results. Inference; confidence intervals and hypothesis testing; introduction to econometric packages and applications using data from economics and business; implications of relaxing the assumptions of the classical regression model.

ECON 313 / ECONOMETRIC METHODS FOR CROSS-SECTION AND PANEL DATA
Units: 3Pre-requisites: Prerequisite:ECON 311

Econometric methods suitable for cross-section and panel data. Extensions of the least squares framework: generalized least squares; instrumental variables; non-linear regression; models with limited-range dependent variables; models suitable to samples subjected to selection. Maximum Likelihood method. Panel data methods: pooling of cross-section and time series data; fixed effects; random effects. Experiments and quasi-experiments. Supplemented with substantive economic applications and use of econometric software.

ECON 314 / ECONOMETRIC METHODS FOR TIME-SERIES &FORECASTING
Units: 3Pre-requisites: ECON. 311

Econometric methods to model time series variables and tools for forecasting. Background for time series: difference equations; Models with single variables: ARIMA models; specification testing, model selection; Structural components: seasonality, cyclicality and trends; Models with multiple variables: multivariate models; Forecasting: forecasting techniques, forecast comparison and evaluation of forecasting performance. Applications from economics and business using econometric software.

ECON 320 / LABOR ECONOMICS
Units: 3Pre-requisites: ECON. 201 or consent of the instructor

Theoretical and empirical examination of the labor market: labor supply, demand for labor, and market equilibrium. Links between demographics (gender, race and ethnicity, marital status, age...) and labor market outcomes. Investments in human capital; household production and division of labor, fertility; job mobility and migration. Real and money wage determination; compensation schemes; compensating wage differentials; unions, public versus private sector employment, informal sector, and labor market segmentation; unemployment and poverty; discrimination and segregation. Selected aspects of the labor market in Turkey.

ECON 321 / INTERNATIONAL TRADE
Units: 3Pre-requisites: ECON. 201

Theory of international trade: Ricardian model of comparative advantage, Hecksher-Ohlin model, specific factors model, trade and market structure. Domestic politics of trade; tariffs, quotas and other non-tariff barriers. International politics of trade, history of world trade talks and the WTO. International movement of factors: Immigration and foreign investment; technology transfer and the role of multinational companies.

ECON 322 / INTERNATIONAL FINANCE
Units: 3Pre-requisites: ECON. 202

Theoretical and empirical examination of international financial markets. Adjustment of balance of payments and exchange rate. Effects of devaluation and macroeconomic policy under fixed and floating exchange rates. Short and long term capital flows; interest arbitrage; the Euro-dollar market. Financial Globalization and Financial Crises.

ECON 330 / INDUSTRIAL ORGANIZATION
Units: 3Pre-requisites: ECON. 201 or consent of the instructor

Firm behavior in imperfectly competitive markets. How firms acquire and maintain market power. Welfare consequences of market power. Strategic interactions among firms, and the role of government competition policy. Basic theoretical models of industrial economics: Bertrand and Cournot competition, collusion, advertising, innovation, and international trade.

ECON 331 / COMPETITION AND MARKET STRUCTURE
Units: 3Pre-requisites: ECON. 201

Determinants of competitive strategy in a variety of market structures; How the structure of industry affects strategic choices and performance. Topics include the dynamic aspects of pricing, entry and predation in concentrated industries, and product differentiation, product proliferation and innovation as competitive strategies.

ECON 333 / GAME THEORY AND STRATEGY
Units: 3Pre-requisites: ECON. 100 or Econ 110 or ECON. 201

Analysis of strategic interactions that commonly arise in economic, business, political, and judicial arenas. A systematic introduction to game theory and some of its applications, such as market competition, technological races, auctions, party competition for votes, and bargaining.

ECON 340 / PUBLIC FINANCE
Units: 3Pre-requisites: ECON. 201 or consent of the instructor

Principles of taxation and the role of government: excess burden and optimal taxation; voting and its relevance for public finance; redistribution of income and wealth; inflation and public finance. Welfare economics. Analysis of public sector decision making and privatization. Project evaluation and cost-benefit analysis.

ECON 344 / URBAN ECONOMICS
Units: 3Pre-requisites: ECON. 201

Theoretical and empirical examination of economic problems in urban areas. Formation and development of cities: city size and patterns of urban growth, land rent and land-use patterns within metropolitan areas. Urban problems: housing, transportation, poverty, education, crime; sorting issues. Local government spending and revenue.

ECON 350 / SELECTED TOPICS IN ECONOMICS
Units: 3Pre-requisites: ECON 100 or ECON 101 or Concent of the Instructor

Topics will be announced when offered.

ECON 351 / SELECTED TOPICS IN ECONOMICS
Units: 3Pre-requisites:

ECON 352 / SELECTED TOPICS IN ECONOMICS
Units: 3Pre-requisites:

ECON 353 / SELECTED TOPICS IN ECONOMICS
Units: 3Pre-requisites:

ECON 354 / SELECTED TOPICS IN ECONOMICS
Units: 3Pre-requisites:

ECON 355 / SELECTED TOPICS IN ECONOMICS
Units: 3Pre-requisites:

ECON 356 / SELECTED TOPICS IN ECONOMICS
Units: 3Pre-requisites:

ECON 357 / SELECTED TOPICS IN ECONOMICS
Units: 3Pre-requisites: