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| ITEO5040 | Instutional Economics | 3+0+0 | ECTS:7.5 | | Year / Semester | Spring Semester | | Level of Course | Second Cycle | | Status | Elective | | Department | DEPARTMENT of ECONOMICS | | Prerequisites and co-requisites | None | | Mode of Delivery | | | Contact Hours | 14 weeks - 3 hours of lectures per week | | Lecturer | Dr. Öğr. Üyesi Muharrem Akın DOĞANAY | | Co-Lecturer | | | Language of instruction | | | Professional practise ( internship ) | None | | | | The aim of the course: | | The overall objective of the Institutional Economics course is to explain, analyze and evaluate the functioning of economic systems by examining institutional factors to understand economic events and phenomena. |
| Programme Outcomes | CTPO | TOA | | Upon successful completion of the course, the students will be able to : | | | | PO - 1 : | Gain the ability to understand and define the basic concepts of institutional economics. | 4,6,9 | 1,3,5, | | PO - 2 : | Understand and compare institutional economic theories such as Neoclassical, Economic Evolution and New Institutional Economics. | 4,6,9 | 1,3,5, | | PO - 3 : | Gain an understanding of global economic factors and the ability to evaluate issues in institutional economics from a global perspective. | 4,6,9 | 1,3,5, | | CTPO : Contribution to programme outcomes, TOA :Type of assessment (1: written exam, 2: Oral exam, 3: Homework assignment, 4: Laboratory exercise/exam, 5: Seminar / presentation, 6: Term paper), PO : Learning Outcome | | |
| Basic Concepts of Institutional Economics: Institutions, Institutional Investors, Market Rules, Institutional Theories, Relations between Institutions, Corporate Governance |
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| Course Syllabus | | Week | Subject | Related Notes / Files | | Week 1 | Introduction and Basic Concepts | | | Week 2 | Definition of Institutional Economics
Basic Concepts: Institutions, Institutional Investors, Market Rules
Historical Development of Institutional Economics | | | Week 3 | Institutional Theories | | | Week 4 | Neoclassical Theory
Economic Evolution Theory
New Institutional Economics | | | Week 5 | Interactions Among Institutions | | | Week 6 | Interactions between Businesses and Institutions
Government's Impact on the Economy
Global Institutional Economics | | | Week 7 | Corporate Governance | | | Week 8 | Fundamental Principles of Corporate Governance
Responsibilities of the Board of Directors
Challenges and Solutions in Corporate Governance | | | Week 9 | Mid term exam | | | Week 10 | Competition and Market Structure | | | Week 11 | Monopoly, Oligopoly, Competition
Competition Policy and Law
Corporate Competitiveness | | | Week 12 | Financial Institutions and Markets | | | Week 13 | Banking System
Functioning of Financial Markets
Corporate Finance | | | Week 14 | Research Methods in Institutional Economics | | | Week 15 | Quantitative and Qualitative Research Methods
Data Analysis and Interpretation
Academic Article Writing | | | Week 16 | Final exam | | | |
| 1 | North, D. (1990), Institutions, Institutional Change and Economic Performance, Cambridge University Press | | | |
| 1 | Coase, R. (1988), The Firm, the Market and the Law, University Chicago Press | | | |
| Method of Assessment | | Type of assessment | Week No | Date | Duration (hours) | Weight (%) | | Mid-term exam | 9 | 04/2024 | 1 | 30 | | In-term studies (second mid-term exam) | 12 | 05/24 | 1 | 20 | | End-of-term exam | 16 | 06/2024 | 2 | 50 | | |
| Student Work Load and its Distribution | | Type of work | Duration (hours pw) | No of weeks / Number of activity | Hours in total per term | | Yüz yüze eğitim | 3 | 14 | 42 | | Sınıf dışı çalışma | 9 | 14 | 126 | | Arasınav için hazırlık | 20 | 1 | 20 | | Arasınav | 2 | 1 | 2 | | Ödev | 2 | 1 | 2 | | Kısa sınav | 1 | 1 | 1 | | Dönem sonu sınavı için hazırlık | 30 | 1 | 30 | | Dönem sonu sınavı | 2 | 1 | 2 | | Total work load | | | 225 |
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