Introduction to Turkish economy and Turkish economic institutions: Recent history of the economy; Inward vs outward strategies, political institutions and long-term growth performance; Short-run economic fluctuations, inflation and unemployment; Monetary, fiscal and ex change rate policies; Trade and international competitiveness of the industry; Capital flows, foreign direct investment and privatization; Impact of the local and global financial crises on the economy.

Covers selected topics in mathematics that are frequently used in economic theory and its applications. Topics include: introduction to optimization theory (existence of a solution, alternative characterizations of compactness, Weirestrass Theorem, convexity); convex sets, concave and quasi-concave functions; characterization of a solution, Lagrange and Kuhn-Tucker approaches; parametric continuity, correspondences and maximum theorem; parametric monotonicity, lattices, supermodularity; fixed point theorems.

The course includes topics such as the game theory under perfect information, game theory under imperfect information, matching and mechanism design.

The course includes topics such as the business cycle theory, dynamic stochastic general equilibrium models, models of unemployment with search, market efficiency and macroeconomic performance, and theories of long-run growth.

Macroeconomic analysis of daily developments in the Turkish economy; Analysis of key concepts and data; How to use macroeconomic identities in policy analysis; The analysis of Türkiye?s growth and inflation record; Measures of fiscal position, fiscal adjustment and debt sustainability; The balance sheet of the Central Bank; How Turkish Central Bank conducts monetary policy; Balance of payments developments; Analyzing vulnerabilities and sovereign risk.

Integration of the knowledge from different areas of the economics curriculum: microeconomics, macroeconomics, econometrics by applying concepts and frameworks to real life cases to formulate and implement creative and effective solutions to economic challenges; teamwork and presentations.

Consumer theory; production theory; general equilibrium and welfare.

Long-term economic growth; overlapping generations models; consumption, saving, and investment; real interest rates and asset prices; money and inflation.

Review of probability and statistics: random variables, univariate and joint probability distributions, expectations; bivariate normal; sampling distributions; introduction to asymptotic theory; estimation; inference. Linear regression: conditional expectation function; multiple regression; classical regression model, inference and applications.