The Department of Economics offers an undergraduate programme leading to a Bachelor’s Degree in Economics.

The objective of the programme is to establish and improve the understanding of economic problems from the elementary to the most complex, and to provide its students with necessary tools to undertake critical and systematic analyses of the economic environment we live in and develop policy options.

Therefore the programme prepares students for further study at the graduate level, or alternatively, enables them to enter careers in private as well as public enterprises.

Department of Economics Program Outcomes

1. Develop critical and strategic thinking, improve analytic skills and techniques, and enhance effective decision-making
2. Demonstrate ability for teamworking, collaboration and leadership
3. Understand social and legal issues both within local and global environments
4. Acquire proficiency in English and utilize effective communication skills
5. Gain IT skills  which are conducive for research using various resources and databases
6. Apply knowledge acquired into practical experience through on-site internship(s) before graduation
7. Gain ethical consciousness and behaviour required by the  economics discipline
8. Have detailed knowledge of economics discipline and awareness of a variety of ideas, context and frameworks;
9. Deploy a detailed theoretical and practical knowledge in microeconomics and macroeconomics;
10. Apply economic theory and methods to real world economic problems;
11. Develop an understanding of statistical analysis, data gathering, and data analysis
12. Predict and solve complex problems with appropriate economic techniques, including identifying a question, using an appropriate framework, and collecting and analyzing the data
13. Be able to work cohesively in an international environment, by respecting the values of other cultures in business and personal areas;

DERS İÇERİKLERİ

Economics Electives:

ECON403  (3,0)3            Managerial Economics

ECON408  (3,0)3            Turkish Economy

ECON411  (3,0)3            Industrial Organization

ECON415  (3,0)3            Environmental Economics

ECON417  (3,0)3            Comparative Economic Systems

ECON420  (3,0)3            Contemporary Issues in Economics

                                   ECON412  (3,0)3            Cyprus Economy

                                   ECON413  (3,0)3            Monetary Theory and Policy

                                   ECON414  (3,0)3            Project Appraisal and Cost Benefit Analysis

                                   ECON418  (3,0)3            Empirical Economic Analysis

                                   ECON419  (3,0)3            Agricultural Economics

Non-Departmental Electives: 

Business & International Management & Marketing Courses:

                                   BUS302     (3,0)3            E-Commerce

                                   BUS303     (3,0)3            Human Resources Management

BUS306     (3,0)3            Management Information System

BUS310     (3,0)3            Organizational Theory

BUS315     (3,0)3            Principles of  Marketing

BUS401     (3,0)3            International Business

BUS418     (3,0)3            Small Business Seminar

BUS430     (3,0)3            Supply Chain Management

BUS445     (3,0)3            Workshop in Export and Import

BUS454     (3,0)3            Logistic Management

BUS462     (3,0)3            Leadership & Organizational Culture

Banking &Finance & Accounting Courses:

                                   BUS411     (3,0)3            Cost Accounting

BUS412     (3,0)3            Financial Statement Analysis

BUS423     (3,0)3            International Finance

BUS424     (3,0)3            Commercial Banking Management

BUS425     (3,0)3            Portfolio Theory & Management

BUS426     (3,0)3            Financial Institutions & Markets

BUS427     (3,0)3            International Banking

Service Courses:

                    (3,0)3            Language Elective I

                    (3,0)3            Language Elective

 ECON101 - Introduction to Economics I (3,0)3
This course introduces the scope, nature and methods of economics; the economic problem, a general view of the price system consumer behaviour; theory of the firm; various market structures.

ECON102 - Introduction to Economics II (3,0)3
This course introduces the interdependence of the economy; national income and its determination; elements of public finance; money and banking, monetary policy; international trade; economic growth and development.

ECON203 - Intermediate Microeconomics (3,0)3
This course is intended to introduce and ground students in the intermediate principles of microeconomics. It develops on the knowledge from introductory microeconomics and prepares students for advanced topics in microeconomics and any other courses that require an adequate knowledge of microeconomics. The topics include demand, supply and market prices; theory of consumer equilibrium; demand and supply elastic ties; theory of production and cost; pricing and equilibrium conditions in different market structures, short and long-run; general equilibrium and welfare economics.

ECON204 - Intermediate Macroeconomics (3,0)3
This class attempts to impart the theoretical background for understanding macroeconomic problems and policy options. Topics include the analysis of the economic activity, national income accounting; classical, Keynesian and modern theories of income and employment; general equilibrium of product and money markets; aggregate demand and supply; stabilization policies; impact of international trade, IS-LM and AS-AD general equilibrium systems, money, unemployment, inflation, and interest rates. We will be emphasizing the historical context of our tools as well as highlighting real world applications of them.
 
ECON301 - International Economics I (3,0)3
This course includes the analysis of the bases for trade and patterns of specialization and exchange in the classical, neoclassical and Thecksher-Ohlin-Samuelson models of trade; the effect of trade on relative and absolute factor prices; the effect of growth on trade.

ECON302-  International Economics II (3,0)3
This course includes the analysis of tariffs, subsidies and other restrictions on trade; the foreign exchange market; balance of payments equilibrium and disequilibrium; methods of adjustment to balance of payments disequilibria under the major exchange rate systems.

ECON304- Mathematical Economics (3,0)3
This course focuses on the development of the basic mathematical tools required by the modern economist; multivariate differential and integral calculus, vector and matrix analysis; problems relating to maximization programs and stability analysis.

ECON305 - Money & Banking (3,0)3
This course analysis the definition of money; determinants of the supply of and demand for money; theories explaining the changes in the general price level; central banking, commercial banking and other financial intermediaries; monetary policy.

ECON306 - Business Cycles & Forecasting (3,0)3
This course analysis of the factors in economic fluctuations, the forecasting of future economic activities and policies designed to mitigate the more severe and costly sorts of fluctuations. The study of various aspects of business cycle theory, introduction of the main aggregate economic concepts, important

ECON307 – Financial Economics (3,0)3
A set of underlying economic principles is applied to the determination of the value of basic financial instruments such as stocks and bonds, as well as derivative securities, such as futures and options. Valuation concepts, in turn, allow for the analysis of various issues of interest to policy makers as well as portfolio managers and investors, such as the term structure of interest rates, portfolio theory, the capital structure of the firm, capital budgeting and risk management.

ECON317 – Political  Economy (3,0)3
This course is analyzing relations among state, economy, and society. Discussion of liberalism and individualism, neo-classical economics, Marxism, sociological and cultural theories, and neo-institutionalism.

ECON318 – Labor Economics (3,0)3
This course includes the analysis of the market for labor, determinants of labor supply and demand;  labor market equilibrium, wage structure, human capital, labor mobility, labor unions, industrial relations, conflict and cooperation, employment and unemployment.

ECON401 - Economic Thought (3,0)3
The course emphasizes processing of the evolution and improvement of the tools of analysis of economic phenomena up to the present day; contribution of ancient and medieval economic thought.  Mercantilism as doctrine and as economic process; contribution of Physiocracy to systematic economic thought; Classical economic analysis; socialist and historicist economic thought; Neo-classical school, marginalism, partial and general equilibrium analysis; American Institutionalism; Keynesian economics; Austrian School; Modern Monetarism; Rational Expectations; Public Choice and Capture Theories.
 
ECON402 – Global Economics (3,0)3
This course aims to understand globalisation and basic economic model it relies on; presenting the main reasons why globalisation is promoted (nature of multinational enterprises and their role in globalisation). The concept and stages of economic blocks. Basic reasons of creating economic blocks and consequences of this development

ECON403 - Managerial Economics (3,0)3
The course deals with the application of economic theory and quantitative methods to managerial decision-making problems. Topics include demand and supply analysis, production, cost analysis, forecasting, pricing, market structures, break-even analysis and capital budgeting.

ECON404 Public Finance (3,0)3
The course emphasizes processing of the causes of market failure and the need for government intervention in the economy analysis of public goods, externalities, decreasing cost conditions; the problem of income distribution; budget systems and cost-benefit analysis; government expenditure patterns and tax structures; unemployment problems; economic stabilization and the impact of government expenditures and taxes on the level of economics activity and income.

ECON405 Research Methods (3,0)3
This course is an introductory course in the theory and practice of economic research. The course focuses on the design, development, and implementation of research projects. The course is centered on tools and techniques of research and their application to the development of a formal research design. The course introduces the student to some of the uses of computer resources in research methods in economics.
The topics includes research process and techniques; data collection, processing and evaluation of the findings.

ECON406 Economic Development (3,0)3
This course includes the survey of classical and contemporary theories of development; analysis of major issues and problems of economic development and structural change; analysis of development policy process; evaluation of alternative strategies of industrialization.

ECON408 - Turkish Economy (3,0)3
This course focuses on the overall structure of the economy; sources and use of income; public sector; main sectors; agriculture, industry, services; income distribution; trends in production, employment, inflation, finance and trade; Turkish economy and EU; analysis of the dynamics of change of the Turkish economy and evolution of economic policies within the context of the world economy and globalization.

ECON410 - Econometrics (3,0)3
The course will introduce the basis of the classical linear regression model; assumptions, the problems of estimation and inference, violation of the assumptions of the model. The basic statistical concepts are also reviewed.

ECON415 – Environmental  Economics (3,0)3
This course introduces ecological limits on economy and natural resources; environment and ethics; economic growth, population growth and environment;  theories of environmental policy instruments, valuation of environmental goods, dynamic aspects of local and international aspects of environmental issues.

ECON417 – Comparative Economic Systems (3,0)3
This course deals with different economic systems and political structures of various countries. Students will be able to compare and contrast different economic systems Case studies.
 
ECON420 – Contemporary Issues in Economics (3,0)3
Research, presentation and debates about the new issues in economics. Case studies.
 
STJ 030 Internship (NC)
The internship is compulsory for the students at the end of third year. It’s period must be minimum of 30 calendar days and students are required to prepare a report.