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B.A. in Economics
University Common Courses:
GE 100
Introduction to University Life
1 ECTS
MEF University aims to increase the competency level of students by applying a basic transferable skills program in the first year. Course contains
subject such as learning techniques, time management, presentation techniques, meeting management, healthy nutrition, research skills, project
management, setting targets, critical thinking, problem solving, analysis, synthesis, modeling. The abilities and competencies that students will gain
are going to prepare them to university education and will allow them to differentiate themselves in business life.
ENG 101
English for Academic Purposes I
4 ECTS
The aim of this course is equip the participants with the cognitive, linguistic and academic tools to become independent learners in an Englishmedium university. Academic reading and writing in the form of article responses, projects and reflective tasks. Study skills such as drafting, editing,
outlining and following accepted conventions of academic writing. Spoken production in the form of formal debates, oral presentations and informal
discussions. Presentation skills and communicative strategies.
TURK 101
Turkish Language and Literature I
3 ECTS
The purpose of this course is to improve the skills of the students in sophistication in spoken debate. It covers characteristics of Turkish language and
selected works in Turkish literature. Emphasis is put on reading; critically examining and discussing selected prose, stories and poetry. Correct use of
Turkish will be discussed with examples of narration defects, punctuation and spelling mistakes etc., and historical and cultural foundations of literary
texts will be analyzed.
ENG 102
English for Academic Purposes II
4 ECTS
Sequence to ENG 101. The aim of this course is equip the participants with the cognitive, linguistic and academic tools to become independent
learners in an English-medium university. Academic reading and writing in the form of article responses, projects and reflective tasks. Speaking and
listening in academic context. Information analysis and conducting independent scientific research.
TURK 102
Turkish Language and Literature II
3 ECTS
This course is intended to develop sophistication in written debate of complex ideas. It covers selected works in Turkish Literature and different
approaches to literature to answer the question why we read fictional works. Emphasis is placed on reading selected novels, stories and drama, and
writing analytical papers on them. Correct use of Turkish will also be discussed with examples of narration defects, punctuation and spelling mistakes
etc. during the course.
HISTR 201
Principles of Ataturk and History of the Turkish Republic I
3 ECTS
This course emphasizes the identity and character of the legacy of Ottoman Empire that was passed on to the Republic from the point of view of
modernization and intellectual movements. Focuses on Ottoman Empire’s efforts to adapt to European governance and public law and the role of the
Empire in foreign politics between the first half of 19th century and the World War I.
HISTR 202
Principles of Ataturk and History of the Turkish Republic II
3 ECTS
The second part of the course analyzes the political, economical, social and cultural aspects of modernization process in Turkey; the process of
transition to democracy in a two-pole world; import substitution model of industrialization which was implemented in the 1960-1980s; liberalization
and open economy politics starting from the 1980s; social, political and cultural results of these policies. Turkey’s relations with the European Union.
B.A. in Economics Required Courses:
ECON 101
Microeconomics
5 ECTS
This course is an introduction to principles of microeconomics. Concepts covered include supply and demand as market forces, price formation,
elasticity, consumer and firm equilibriums, perfectly competitive, monopolistic, monopolistic competition and oligopolistic markets, and welfare
economics.
BUS 101
Introduction to Business: Decision Making
6 ECTS
This is a research course that introduces students to various functional fields of business by encouraging MS Excel use to analyze and solve various
business related problems. Students conduct case studies of real life examples, evaluate business plans and present those both orally and in writing.
The course does not have mandatory textbook. Various sources are utilized.
MATH 101
Mathematics for Social Sciences I
5 ECTS
MATH 101 covers differential and integral calculus of single-variable functions. Topics include functions and graphs, linear and quadratic functions,
exponential and logarithmic functions, limits and continuity, the derivative, differentiation rules, implicit differentiation, logarithmic differentiation,
curve sketching, the indefinite integral, the definite integral, methods of integration, and applications of definite integrals.
MATH 101R Mathematics for Social Sciences I - Recitation
1 ECTS
MATH 101R is a supplementary course to MATH 101. It is designed to provide the opportunity to apply the concepts presented in MATH 101 and to
help the students to develop their problem-solving skills for differential and integral calculus of single-variable functions.
Required HUM/SOC 100-Level Element I
Students takes one of the 100-level courses listed as HUM, HCIV, HIST, SOC, PHIL, PSYC, IR, POLS.
5 ECTS
ECON 102
Macroeconomics
5 ECTS
This course is an introduction to principles of macroeconomics. Concepts covered include national income accounting, production, employment and
unemployment, interest rates, inflation rates, monetary and fiscal policies, international trade policies, exchange rates, and balance of payments.
MATH 102
Mathematics for Social Sciences II
5 ECTS
MATH 102 provides an overview of topics in finite mathematics including systems of linear equations, matrix algebra, linear programming, the
Simplex method, and mathematics of finance.
MATH 201
Probability and Statistics for Social Sciences I
5 ECTS
This course is an introduction to probability theory. Subjects that will be covered include fundamental probability concepts such as: probability
distributions, confidence intervals and hypothesis testing, sample size determination, central limit theorem.
Required HUM/SOC 100-Level Element I
Students takes one of the 100-level courses listed as HUM, HCIV, HIST, SOC, PHIL, PSYC, IR, POLS.
5 ECTS
ECON 201
Microeconomic Theory I
5 ECTS
This course examines the behavior of individuals, companies and institutions. Subjects covered in this course include resource distribution,
externalities and public goods under perfectly and imperfectly competitive markets, decision making process in risky and uncertainty environment,
signaling, adverse selection, mechanism design, and principal-agent problem.
ECON 203
Macroeconomic Theory I
5 ECTS
This course examines real sector and monetary subjects in open economies. Subjects covered in this course include unemployment, consumption,
investment, growth theories, short-term economic fluctuations, inflation and economic policy suggestions.
MATH 202
Probability and Statistics for Social Sciences II
5 ECTS
Basics of statistical analysis. Subjects covered include: data analysis, probability distributions, hypothesis testing, simple and multiple regression
analysis. Use of software for statistical analysis
ECON 205
Mathematics for Economics
5 ECTS
This course makes an introduction to mathematical methods needed for theoretical analysis. Subjects covered in this course include differential
equations, multivariable calculus, real analysis, and introduction to topology. Also, the applications of these mathematical methods will be studied
using examples from economic theory.
ECON 202
Microeconomic Theory II
Continuation of ECON 201.
5 ECTS
ECON 204
Macroeconomic Theory II
Continuation of ECON 203.
5 ECTS
ECON 206
Game Theory
5 ECTS
This course examines theory of cooperation and non-cooperation games. Subjects covered in this course include: choose under uncertainty,
simultaneous and sequential games and equilibria of these games. Course will be enriched with current examples from industrial organization and
political economy.
ECON 301
Econometrics I
5 ECTS
This course examines the econometric methods used in empirical analysis. Subjects covered in this course include linear regression, ordinary least
squares (OLS) method, goodness of fit, estimation, properties of estimators, functional forms, interpretation of regression output.
ECON 303
Economics Research and Communication I
5 ECTS
In this course, a different aspect of Turkish economy will be studies every week. The topics will cover a wide range, including monetary policy, fiscal
policy, financial markets, dynamics of international trade and labor markets, global and local financial and political pressures.
ECON 305
History of Economic Thought
5 ECTS
Subjects covered in this course include: methodology problem in analyzing economic thought, commercial capitalism and its features, born of
mercantilism and its features, process of transaction into industrial capitalism, development process of physiocratic school, classical school and
Laissez-Faire, classical system and development of classical school, operation process of neo-classical system, partial objections to liberal school,
partial diversions from Laissez-Faire, ideological objections to liberal school, socialist school and Marxism.
ECON 300
Internship
A traineeship of at least 8 weeks in length.
5 ECTS
ECON 302
Econometrics II
5 ECTS
This course is continuation of ECON 301. Topics include generalized OLS, simultaneous equations models, restricted dependent variables models,
analyze and estimation of time series, dynamic economic models and non-linear regressions.
ECON 304
International Economics
5 ECTS
Subjects covered in this course include classical, neo-classical and modern international trade theories, tools of international trade policy, the
relationship between international trade and development and growth, balance of (international) payments, open economy policies, set of national and
world equilibrium, the effect of multi national foreign companies on national economies, technology transfer, regulatory institutions in international
trade, trade of services, international factor mobility.
ENG 302
Business Communications
General principles of business correspondence. Resume writing and interview techniques.
2 ECTS
ECON 401
Industrial Organization
5 ECTS
This course examines different market structures theoretically and empirically. Subjects include competition theories, the effects of market power on
prices, profits and efficiency, technological development, mergers and acquisitions. The theories covered will be supported by case studies.
ECON 403
Economics Seminar I
The seminar will cover advanced topics selected by the instructor.
5 ECTS
ECON 402
Financial Economics
5 ECTS
This course examines the foundations of modern financial economics. Subjects covered include choice under uncertainty, financial asset pricing
models, arbitrage pricing theory, dynamic asset management, Arrow-Debreu economics, consumption and portfolio decisions, financial signals and
financial innovation.
ECON 404
Economics Seminar II
The seminar will cover advanced topics selected by the instructor.
B.A. in Economics Elective Courses:
5 ECTS
ECON 307
Law and Economics
5 ECTS
This course examines the effects of law that regulates economic life on economical activities and social welfare. Subjects covered in this course
include Coase Theorem, intellectual property, inalienable rights, crime and punishment and social choice theorem. Also, real cases will be analyzed in
this course through price and welfare analysis. These cases will come from civil (property rights, contracts, compensation etc.), criminal and
administrative law.
ECON 308
Behavioral Economics
5 ECTS
This course makes theoretical and empirical introduction to behavioral economics. Topics include: how behavioral economics differs from standard
models, intertemporal substitution, risk choices, social choice, intrinsic motivation, credit card debts, addiction, portfolio selection, compensation
policies.
ECON 309
Political Economics
5 ECTS
This course is an introduction to modern political economy. First half of the course theoretically and empirically analyses election system, while the
second half analyses structure and decision making mechanisms of the state. Subjects covered in this course include accountability, patronage
relationships, distribution of authority, administrative and bureaucratic relationships
ECON 310
Economic History of Financial Crises
5 ECTS
This course makes an in-depth analysis of financial crises and panics in recent history. Subjects covered in this course include growth of industrial
countries, Great Depression and surrounding economic factors, first oil crisis, regression in the Japanese economy, and the 2008 financial crisis and
situation after it.
ECON 405
International Monetary Policies
5 ECTS
This course analyses international effects of monetary policies. Subjects covered in this course include the effect of various exchange-rate regimes in
open economies, foreign exchange markets and their functions, the effect of monetary and fiscal policies on international network, the Economic and
Monetary Union of the EU, currency and debt crises in emerging markets, and the role of IMF in international monetary policies.
ECON 409
Financial Institutions and Markets
5 ECTS
This course analyzes theoretically and empirically financial institutions and markets and the necessary institutional structures for a stable financial
system. Subjects covered in this course include financial intermediation, microeconomic structure of the markets, asset pricing under asymmetric
information, behavioral finance, financial statements, liquidity crisis, and credit crunch.
ECON 411
Time Series Analysis
5 ECTS
This course makes an introduction to time series analysis. Subjects covered in this course include autoregressive–moving-average (ARMA),
generalized autoregressive conditional heteroskedasticity (GARCH), and non-stationary time series models. Both theory and applications will be
discussed, and real data and computer software will be used.
ECON 421
International Finance
5 ECTS
In this course, international financial markets will be analyzed theoretically and empirically. Subjects covered in this course include capital flows,
exchange rate changes, international arbitrage and interest rate equilibrium, international economic dependences, financial crises, and the role and
function of IMF in financial markets.
ECON 422
Theory of Corporate Finance
5 ECTS
This course theoretically and empirically analyses corporate management and finance. Subjects covered in this course include the role of major
shareholders in management of the company, different types of stocks, borrowing, the decision of public offering and its effect on stock prices, and
mergers and acquisitions.
ECON 423
Theory of Public Finance
5 ECTS
This course analyses the role of public finance in economic activity. Subjects covered in this course include the effect of public policies on markets,
government intervention to economy and its dimensions, cost-benefit analysis of public projects, optimal taxing, the economic effects of taxes, and the
efficiency of taxes.
ECON 424
Portfolio Analysis and Financial Management
5 ECTS
Advanced topics in asset management and pricing. Subjects include mean-variance analysis, CAPM, APT, market efficiency, estimation of stock
returns, booms and busts, social interaction and investor behavior, securities, performance and management of mutual funds.
ECON 426
Financial Investments
5 ECTS
Financial investments, in particular, evaluation of financial assets. Subjects covered include structure of portfolio assets, measurement and control of
risk, evaluation of investment performance, alternative investment strategies and theorems on asset pricing.
ECON 427
Corporate Restructuring
5 ECTS
This course uses the concepts from Advanced Microeconomics and Theory of Corporate Finance courses to study the restructuring process of
companies. Subjects covered include mergers, acquisitions, joint ventures, sell-outs, re-purchase of stocks.