Department of Economics
Last Updated:
14/09/2018 - 11:56

The Undergraduate Program of the Department of Economics provides a sound theoretical basis in economic theory, and is one of the strongest departments in Turkey in its instruction in applied statistical methods. The first four semesters are devoted to giving a firm background in economic theory, mathematics and statistics. As such, the majority of the freshman and sophomore courses are must courses, while the students are allowed to take one elective each in their freshman and sophomore years. In the third and fourth years, students take elective courses from a wide range of options offered by the Department, encompassing topics such as monetary theory and policy, fiscal policy and public finance, international economics, behavioral economics, financial markets, game theory, labor economics, advanced macroeconomic theory, development economics, economic growth theory, international economic institutions, international political economy, technology, and environmental issues. In addition to these departmental elective courses, students must take and complete courses in econometric theory and techniques, history of economic analysis, as well as the Turkish economy in their third and fourth years. Graduation requires a total of 40 credited courses, 18 of which are electives. Out of these 18 elective courses, at least 11 must be departmental electives. At most seven of 18 elective courses can be taken from other departments, at most four of which can be selected out of the FEAS (as free electives).

The undergraduate students of the Department of Economics with good academic standing have the option of joining Double Major Programs (such as Mathematics, Sociology, Philosophy, Industrial Engineering) or Minor Programs (such as Psychology, General Management, Corporate Finance, Entrepreneurship, Statistics, History, Studies in Administration, Studies in Politics, European Studies) offered by other departments to enrich their academic experiences. A complete list of Double Major and Minor Programs offered at METU is available at http://oidb.metu.edu.tr/en/minor-and-double-major-programs

Following the successful completion of their first year, undergraduate students (often in third and the fourth years) have the option of spending an academic year abroad studying at one of the universities that the Department has a cooperation agreement (i.e. Erasmus and/or exchange). The Department has access to the two FEAS computer laboratories equipped with PC’s. The laboratories have the software package tools requisite for both statistical and computational work and instruction in the undergraduate program.


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Dept. Code Course Code Course Name Prerequisite Credit
First Year - First Semester
311 ECON 101 INTRODUCTION TO ECONOMICS I 5
311 ECON 105 INTRODUCTION TO RESEARCH METHODS I 3
311 ECON 107 ECONOMY, SOCIETY AND CIVILIZATION I 3
236 MATH 119 CALCULUS WITH ANALYTIC GEOMETRY 5
639 ENG 101 DEVT. OF READ. AND WRIT. SKILLS I 4
642 TURK 101 TURKISH I 0
901 IS 100 INTRO. TO INFO. TECH. AND APP. 0
First Year - Second Semester
311 ECON 102 INTRODUCTION TO ECONOMICS II ECON 101 5
311 ECON 106 INTRODUCTION TO RESEARCH METHODS II 3
236 MATH 120 CALCULUS OF FUNC. OF SEV. VAR. MATH 119 5
639 ENG 102 DEVT. OF READ. AND WRIT. SKILLS II 4
642 TURK 102 TURKISH II 0
ONE ELECTIVE: Any 1xx - 2xx coded elective with advisor CONSENT
Second Year - Third Semester
311 ECON 201 MICROECONOMIC THEORY I ECON 101, MATH 120(*) 4
311 ECON 202 MACROECONOMIC THEORY I ECON 102 4
311 ECON 205 STATISTICS FOR ECONOMICS I MATH 120, ECON 106 4
236 MATH 260 BASIC LINEAR ALGEBRA 3
240 HIST 2201 PRINCIPLES OF KEMAL ATATURK I 0
ONE ELECTIVE: Any 2xx - 3xx - 4xx coded elective
Second Year - Fourth Semester
311 ECON 203 MICROECONOMIC THEORY II ECON 201 4
311 ECON 204 MACROECONOMIC THEORY II ECON 101, ECON 102 4
311 ECON 206 STATISTICS FOR ECONOMICS II ECON 205 3
311 ECON 208 SOCIAL AND ECONOMIC HISTORY II 3
639 ENG 211 ADV. READ. AND ORAL COM. ENG 101, ENG 102 3
240 HIST 2202 PRINCIPLES OF KEMAL ATATURK II 0
Third Year - Fifth Semester (Students with Last Name AA to KZ)
311 ECON 301 INTRODUCTION TO ECONOMETRICS I ECON 206 4
FOUR ELECTIVES
Third Year - Sixth Semester (Students with Last Name AA to KZ)
311 ECON 302 INTRODUCTION TO ECONOMETRICS II ECON 301 4
311 ECON 361 HISTORY OF ECONOMIC ANALYSIS I 3
THREE ELECTIVES
Third Year - Fifth Semester (Students with Last Name LA to ZZ)
311 ECON 301 INTRODUCTION TO ECONOMETRICS I ECON 206 4
311 ECON 361 HISTORY OF ECONOMIC ANALYSIS I 3
THREE ELECTIVES
Third Year - Sixth Semester (Students with Last Name LA to ZZ)
311 ECON 302 INTRODUCTION TO ECONOMETRICS II ECON 301 4
FOUR ELECTIVES
Fourth Year - Seventh Semester (Students with Last Name AA to KZ)
311 ECON 460 STRUCTURE OF TURKISH ECONOMY ECON 101, ECON 102 3
FOUR ELECTIVES
Fourth Year - Eighth Semester (Students with Last Name AA to KZ)
FIVE ELECTIVES
Fourth Year - Seventh Semester (Students with Last Name LA to ZZ)
FIVE ELECTIVES
Fourth Year - Eighth Semester (Students with Last Name LA to ZZ)
311 ECON 460 STRUCTURE OF TURKISH ECONOMY ECON 101, ECON 102 3
FOUR ELECTIVES

(*) MATH 120 as a prerequisite of ECON 201 applies only to students who start their first year ON AND AFTER September 2017.
RULES FOR THE ELECTIVES FOR ALL YEARS
1. Every student must take 18 electives to complete the program.
2. At least 11 of the electives must be departmental electives.
3. The MAXIMUM number of non-departmental electives is 7, of which maximum 4 can be taken from out-of-faculty departments.
4. Out-of-department electives should bear credit values.
5. Any electives taken (with advisor approval) over the maximum (18 electives) should be taken under NOT INCLUDED category.
6. All students are responsible to fulfill these requirements and complete a total of 40 credited courses (must and elective) to graduate.

Course Code Course Name Description
First Year Courses
ECON 101 INTRODUCTION TO ECONOMICS I The economic problem; theories of supply and demand; various market structures; theory of distribution.
ECON 102 INTRODUCTION TO ECONOMICS II Firms and fiscal policy; interdependence of the economy; national income; theory of income determination; money and banking; monetary policy; international trade and finance.
ECON 105 INTRODUCTION TO RESEARCH METHODS I The aim of the course is to introduce students to the principles and practicalities of doing research. Basic grounding in social science concepts, analytical approaches, research tools, selecting problems, reviewing the literature and presenting research are the major topics of the course.
ECON 106 INTRODUCTION TO RESEARCH METHODS II This course covers introductory probability distributions, hypothesis testing, analysis of variation and introductory regression analysis. Application of those concepts, through computer usage, is encouraged throughout the duration of the course.
ECON 107 ECONOMY, SOCIETY, AND CIVILIZATION I This course is designed to provide Economics students with a strong humanities background. An interdisciplinary social science emphasis on the origins and evolution of economic activities and institutions against the background of a history of civilization.
ECON 108 ECONOMY, SOCIETY, AND CIVILIZATION II Continuation of 3110107
ECON 122 PRINCIPLES OF MACROECONOMICS Introductory macroeconomics course designed for non-departmental students. The nature of economics. The elements of supply and demand. Theory of income determination. Money and banking. Fundamentals of macroeconomic policy, monetary and fiscal policy. Basics of international trade.
Second Year Courses
ECON 201 MICROECONOMIC THEORY Scope and method, demand, supply and market prices; theory of consumer behaviour; applications; demand elasticity; theory of production and cost; pricing in competitive markets; general equilibrium and welfare economics.
ECON 202 MACROECONOMIC THEORY Measurement of economic activity; national income accounting; determination of the level of economic activity; the `Classical` and `Modern` theories of income and employment; general equilibrium of product and money markets; impact of international trade fluctuations and growth in economic activity; aggregate income distribution.
ECON 203 MICROECONOMIC THEORY II Building on ECON 201, this second course covers choice under certainty, production economies, choice under uncertainty, general equilibrium under uncertainty, market failures, game theory and behavioral economics. Microeconomic analysis uses a set of powerful tools from optimization theory and abstract mathematics. This course also attempts to help you master these tools further by presenting additional topics in microeconomics.
ECON 204 MACROECONOMIC THEORY II No data is available for the course.
ECON 205 STATISTICS FOR ECONOMISTS I This course deals with frequency distributions, measures of central tendency and variability, basic theorems of probability, independent and joint events, conditional probability, discrete probability distributions, normal distributions, sampling distributions and sample drawing techniques.
ECON 206 STATISTICS FOR ECONOMISTS II This course deals with principles of point estimation, properties of point estimators, techniques of estimation, optimality criteria in estimation, interval estimation, hypothesis testing, comparison tests for independent and paired samples, multiple comparisons, non parametric methods, regression, correlation, and analysis of variance and elementary time series analysis.
ECON 207 SOCIAL AND ECONOMIC HISTORY I This course deals with transformation of the politically fragmented, non-market European feudal societies into societies characterized by market-orientation and centralized political structures. It focuses on differential patterns of agrarian and commercial development in individual regions as well as in the formation of a global economy centered around Western Europe.
ECON 208 SOCIAL AND ECONOMIC HISTORY II This course deals with the rise of industrialism in different European regions. The emphasis is on the agrarian roots of industrialism especially in 18th century England. Particular attention is paid to the problem of late industrialization in Germany and France as well as to the interaction of individual regions in the global economy.
ECON 210 PRINCIPLES OF ECONOMICS A non-departmental course designed for students outside the Faculty of Economic and Administrative Sciences. The nature of economics. A general view of price system. Markets and pricing. The determination and the control of national income. Fiscal policy. Money, banking and monetary policy. International trade and finance. Economic growth and development.
ECON 211 PRINCIPLES OF ECONOMICS I Introductory microeconomics course, especially designed for non-departmental students.
ECON 212 PRINCIPLES OF ECONOMICS II Continuation of 3110211, introductory macroeconomics.
Third Year Courses
ECON 301 INTRODUCTION TO ECONOMETRICS I The Simple Regression Model: basic assumption, estimation and tests of hypotheses, the coefficient of determination, regression through the origin, prediction, functional forms and the problem of choosing between them. The Multiple Regression Model: Estimation, hypothesis testing and prediction, functional forms and specification error analysis, multicollinearity.
ECON 302 INTRODUCTION TO ECONOMETRICS II Dummy Variables: testing structural change, estimating the prediction error variance, seasonal adjustment and pooling cross-sectional and time-series data. Lagged Variables: the polynomial distributed lag and the geometric distributed lag. Autocorrelation and heteroscedasticity. Simultaneous equations; identification and single-equation estimation.
ECON 311 MONETARY THEORY AND POLICY Monetary theory and policy tools. An overview of the financial mechanism. Interest rate determination and the working of the capital market. Analysis of the demand and supply of money. Monetary transmission mechanism and monetary approach to balance of payments. Selected macro models in which money appears as an endogenous variable. Special applications to Turkey.
ECON 312 FISCAL POLICY AND PUBLIC FINANCE Introduction to fiscal theory and policy. Government expenditures. Budgeting. Taxation and subsidies. Government finance.
ECON 343 ECONOMIC HISTORY OF EUROPE I No data is available for the course.
ECON 344 ECONOMIC HISTORY OF EUROPE II No data is available for the course.
ECON 353 INTRODUCT.TO INTERNATIONAL ECONOMICS I The classical theory of foreign trade and its extensions; comparative costs; factor proportions and comparative advantages; further developments and empirical verifications; factor-price equalization, income distribution and gains from trade tariff theory and trade policy.
ECON 354 INTRODUCT.TO INTERNATIONAL ECONOMICS I Balance of payments; disequilibrium and adjustment; international monetary problems; trade and economic development; international economic integration.
ECON 361 HISTORY OF ECONOMIC ANALYSIS I The evaluation and improvement of the tools of analysis of economic phenomena within a historical perspective; Mercantilism, Physiocrats; beginning of Classical School, Smith, Malthus, Ricardo, Mill and Marxian economics.
ECON 362 HISTORY OF ECONOMIC ANALYSIS II The evaluation and improvement of the tools of analysis of economic phenomena within a historical perspective; the Marginal Revolution, Jevons, Walrasian, Marshallian and contemporary neo-classical economics; various critical approaches to neoclassical theory.
Fourth Year Courses
ECON 400 SEMINAR IN ECONOMICS The seminar is devoted to a detailed study of an individual research theme on an assigned theoretical or applied economic problem. Each student prepares a paper during the semester. The student is advised by an instructor in his/her research and is expected to write regular progress reports so that specific problems and aspects of his/her work can be discussed
ECON 401 PRACTICAL TRAINING IN ECONOMICS I The course is designed for 3rd and 4th year students to equip them with practical tools of their future careers. For those students planning to enter academic career, the course will involve teaching techniques, practical teaching in tutorials, discussion and problem hours. For those students planning to enter the applied research career, the course will involve research techniques, statistical databases and practical training in research institutions.
ECON 402 PRACTICAL TRAINING IN ECONOMICS II The course is designed for 3rd and 4th year students to equip them with practical tools of their future careers. For those students planning to enter academic career, the course will involve teaching techniques, practical teaching in tutorials, discussion and problem hours. For those students planning to enter the applied research career, the course will involve research techniques, statistical databases and practical training in research institutions.
ECON 406 REAL ESTATE ECONOMICS AND FINANCE This course applies the economic and finance theory to real estate investment analysis. Dept financing in real estate investment, portfolio theory with optimization problems, deterministic and continuous asset pricing models will be covered.
ECON 407 INPUT-OUTPUT ANALYSIS AND ECON.MODEL. The aim of this course is to review different theories about economic modelling and to discover the field of input-output analysis as an integral part of econmic theory.
ECON 411 ECON.OF NETWORK AND THE INTERNET The course consists of three parts. The first part is devoted to the analysis of technological change in computing and telecommunication technologies. The second part focuses on the economics of networks and the Internet. The following topics are covered in this part: technological convergence and market convergence, structure of networks and the internet, network externalities and `lock in`, pricing and regulation of networks, Internet cost structures and pricing and versioning information. The third part of the course is about the economics of information policy.
ECON 418 WOMEN AND THE WORLD ECONOMY The most obvious feature of the world-economy is its vast inequalities. This course will consider one of these the one organized and legitimated via gender roles. Clearly there are differences: women in Third World areas face more disadvantages than women in core states, non-white women more than white women.. immigrants more than natives and so on. This course will explore the historically constructed economic and social processes that originate and perpetuate these inequalities, and how gender inequalities contribute to the accumulation process.
ECON 419 BEHAVIORAL ECONOMICS AND FINANCE The purpose of this course is to introduce behavioral models of individual choice with applications to financial markets. To be able to understand the contribution of these alternative models, we will first discuss rational choice models and their application to financial markets. Then, selected topics in behavioral finance and game theory will also be introduced.
ECON 421 ADVANCED MACROECONOMICS Inter-temporal consumption-saving and labor-leisure choice, exogenous growth, introduction to neo-classical growth model, welfare theorems, business cycles, theories of unemployment, markets with frictions and quantity rationing, dynamic inconsistency and commitment, dynamic fiscal policy, macroeconomic analysis with demographic details.
ECON 423 PUBLIC SECTOR ECONOMICS Public sector economics as a field of study. This course studies the nature of goods and services provided by the public sector. It explores public sector as an agent for economic development and decision making and the allocation of resources in the public sector. This course also includes debates on nationalization and privitization and the role of the public sector in the Turkish economy.
ECON 425 ENVIRONMENTAL ECONOMICS The effects of economic activity on the natural environment with special reference to urban development forms the central subject matter of the course. Consideration is given to economic analysis of the causes of pollution and its control through taxes, the use of property rights and standards.
ECON 426 ECONOMICS OF NATURAL RESOURCES This course is designed to introduce students to certain areas of natural resource economics. Topics include theories of replenishable and exhaustible resource exploitation and the environment. Specific natural resources (e.g. depletable energy resources, recyclable resources, replenishable but depletable resources, etc.) are studied in depth.
ECON 431 THE ECONOMICS OF GENDER No data is available for the course.
ECON 432 ECONOMICS FOR INEQUALITY&DISCRIMINATION The course explores a number of central debates evolving around the issue of economic inequality and discrimination within both conventional and alternative theories. The course particularly focuses on the different theoretical explanations of the causes and consequences of discrimination in the context of gender and society.
ECON 433 FINANCIAL MARKETS The structure and functions of financial markets are analyzed. Operations and regulations in the money and capital markets introduced. Financial innovations and liberalization processes will be at the core of the course.
ECON 434 ECONOMICS OF THE FIRM I This course studies the organization and behavior of the firm. Emphasis is laid on the interdependence between financial and organizational structures of the firm, investment planning control of assets and liabilities and internal and external financing.
ECON 435 ECONOMICS OF THE FIRM II This course is the continuation of 3110 434 and focuses on the role of institutions and markets in monitoring and controlling the behavior of the firm.
ECON 436 OTTOMAN TURKISH FOR ECONOMISTS No data is available for the course.
ECON 439 MACROECONOMIC THEORY II The course aims at the extension and elaboration of themes set forward in 3110 202.
ECON 440 MACROECON.THEORY AND STABIL.POLICY The course primarily deals with economic stabilization policies with an emphasis on developing country experiences. The following topics are covered: different approaches to stabilization policies (heteredox, orthodox), conditions for a successful stabilization policy, structural reform programmes, inflation, monetary and exchange rate targeting policies and monetary vs exchange rate based stabilization programmes. Special emphasis will be given to current macroeconomic issues in the Turkish economy.
ECON 441 INSITUTIONAL ECONOMICS No data is available for the course.
ECON 442 TOPICS IN MONETARY MACROECONOMICS The main objective of the course is to introduce students to a number of approaches to monetary theory and to discuss their relevance for policy. Whilst emphasis on theoretical questions will be referred to frequently. The following topics are covered : Money demand and supply, currency/asset substitution, monetary and credit transmission mechanisms, central banking, and currency and banking crises.
ECON 443 GAME THEORY AND ITS APPLICATIONS This course consists of two separate parts. The first part of the course is devoted to the techniques of non-cooperative game theory. After introducing the basic solution concepts in game theory the second part of the course focuses on the macroeconomic applications of game theory focusing upon the interrelationships among monetary and fiscal policy makers and wage setters in a national or an international context..
ECON 444 ECONOMICS OF INNOVATION Theories of innovation and technical change. Determinants of the rate and direction of technical change. The nature, sources and outcomes of product and process innovations. Industrial organization, inter-firm relations, networks and innovative activity. Management of product and process innovations. Dominant design, product life cycles, and technological trajectories. The effects of firm size, market structure and innovation opportunities on innovative activities. Measurement of innovative activity. Financial systems and innovation. Sectoral and industrial studies and policy issues.
ECON 445 INTRODUCTION TO LINEAR & NON LINEAR PRO. Optimization problem, graphical solutions, algebraic solutions, simplex method, revised simplex method, duality, sensitivity analysis, applications.
ECON 446 TOPICS IN ECONOMETRICS Use of matrix algebra. Systems of equations, seemingly unrelated equations and simultaneous equations. The debate on econometric modeling methodologies: Hendry, Lamer and Sims.
ECON 447 MONITORING THE ECONOMY How to monitor developments in the world and Turkish economy? What are the main issues exposed by these developments? How economic policies shape the course of events? How these policies relate to elegant, but somewhat abstract, theories and models of economist? Is it possible for these abstractions to drive the observed practice? Are we all, paraphrasing Keynes, prisoners of defunct economists? Alternatively, do living economists shape policy and hence impact upon economic developments? This course is an introduction to these and related questions -ranging from practical to philosophical.
ECON 448 TECHNOLOGY AND INDUSTRIAL DYNAMICS The main objective of this course is to enable students to understand and to analyze the forces which determine industrial development. The material includes a wide range of issues from a variety of perspectives: Broad historical analyses, microeconomic theory, the economics of technological change and industrial policy from both a domestic and an international perspective.
ECON 449 MACROECONOMICS OF TECHNOLOGICAL CHANGE The primary objective of this course is to analyze the political economy of technological change from the point of view of both the producers and users of technology. The material will include a short historical analysis of technological progress and technology policies that have been followed in Turkey and in some advanced countries or trade blocks. Recent theoretical approaches and trends in the international sphere to technology-related subjects such as R and D policies, human capital formation will be evaluated in the light of the Turkish development process.
ECON 450 ECONOMICS OF UNCERTAINTY AND INFORMATI The course systematically develops an analytical framework for analyzing economic decisions under uncertainty. These decisions include individuals as well as group decisions and market mechanism. Topics in economics of information include the principal agent problem and characterization of optimal decision outcomes under both Symmetric and Asymmetric information environments.
ECON 451 INDUSTRIAL ECONOMICS The course is an extension of 3110 201. Organization and development, concentration, entry barriers and other aspects of oligopolistic market structures will be discussed in the first part of the course. The second part will involve the theoretical and empirical dimensions of firm behavior. The specific topics will center on the pricing, investment and growth processes of modern oligopolistic firms.
ECON 452 AGRICULTURAL TRADE POLICIES The goal of this course is to convey the basic economics of widely used agricultural trade policy schemes. The course is designed for students who have some grasp of microeconomic principles. Numerous trade policy mechanisms like; tariffs, quotas, mixing regulations, market discrimination, export subsidies are analyzed. Effects of various trade policies on domestic and international prices, consumption, production, trade and government revenue are examined. Some ideas about the effects of individual trade policies on general economic welfare are also discussed.
ECON 453 BUSINESS FORECASTING Various forecasting methods are introduced with emphasis on their applications for social and economic planning. The core of the course is the use of models in forecasting future sales, capital, investment, new product development etc.
ECON 454 ECONOMICS OF REGULATION AND ANTITRUST Government regulation and antitrust (competition) policy is one of the most exciting (and problematic) areas of economic policy. This course deals with questions such as, what particular market failures provide a rationale for government intervention? How can economic theory illuminate the character of market operation, the role for government action, and the appropriate form of government action? What do formal empirical analyses of economic behavior and the effects of government intervention indicate about the direction this intervention should take? Where does the antitrust policy stand within this framework? Economic theory and empirical analysis that have been devised to further understanding of regulations and antitrust policies will be used to provide the most up to date answers to these questions.
ECON 455 TURKISH ECONOMIC HISTORY Study of Ottoman and Turkish economic and social history, beginning with developments during the 16th and 17th centuries followed by the study of the 19th and early 20th centuries.
ECON 457 TURKISH FISCAL SYSTEM Public expenditures and revenues; processes of budgeting and annual planning; formal and legal aspects of budgeting in Turkey; sources of public revenues; principles of taxation and public borrowing; introduction to Turkish tax system; variations of fiscal policy; fiscal policy and growth.
ECON 458 PROJECT EVALUATION Alternative approaches to the evaluation of development projects at the micro and macro levels; private versus social costs and benefits; intertemporal choice problem; market imperfections and shadow prices; integration of project and sector studies.
ECON 459 TURKISH BANKING SYSTEM This course is an introduction to the Turkish financial system. Structure and functions of the Central Bank of Turkey, banking system in general, other public and private financial institutions and securities market are the basic issues that will be discussed. Comparisons with the Western practice and general evaluations of Turkish financial system are made.
ECON 460 STRUCTURE OF THE TURKISH ECONOMY Overall structure of the economy; sources and use of income; economy of government; main sectors; agriculture, industry, services; income distribution; regional dispersion of economic activities.
ECON 461 INTRODUCTION TO LINEAR ECONOMIC MODELS A review of Ricardian and post-Sraffian distribution theory and critique of neoclassical economic theory in this light is provided. Further topics include an analysis of macro dynamics.
ECON 462 TOPICS IN ECONOMIC HISTORY A review of Ricardian and post-Sraffian distribution theory and critique of neoclassical economic theory in this light is provided. Further topics include an analysis of macro dynamics.
ECON 463 POLITICAL ECON.OF IND.SOCIET.SINCE 1945 This course deals with conceptualizations of economic development in the post-World War II era. One objective of this course in to focus on concrete historical changes in the global development. Ultimately, the course aims at being an exercise in the global economic history and the economic thought of the post-war period. As such, it seeks to relativize the economic development process.
ECON 464 DEVELOPMENT PLANNING This course is an introduction course to development planning and programming. The course explores project cycle methodologies of international organizations. Comparative evaluation of project appraisal methods in the public and private sectors, economic and social cost-benefit analysis, identification of economic costs and benefits, shadow pricing, income distribution and social analysis, comparison of LMST and UNIDO methodologies and interdependence in investment decisions and sectoral planning are topics introduced in this course.
ECON 465 DEVELOPMENT ECONOMICS This course studies the current policy issues of underdeveloped countries with reference to the relevant theoretical debates and country experiences, with some emphasis on the East Asian experience. Economic relations between North and South; trade, technology and financial policy issues; the role of the state; the implications of endogenous growth theory and international institutional constraints on policy making are discussed.
ECON 466 ECONOMICS OF GROWTH A formal analysis of growth models. The conception and measurement of technical change. The generation of new technologies in historical perspective and the emergence of `Science-based`industries. The essential features of modern R+D systems. Diffusion and adaptation of technology in development and choice of techniques.
ECON 467 POLITICAL ECONOMY OF THE LEFT No data is available for the course.
ECON 468 NEW TRENDS IN ECONOMIC THEORY This course revolves around current debates in economic theory. The focus of the course will vary from year to year: Microfoundations of macrodynamics in a Keynesian perspective, neoclassical institutionalism as a critique of economic theory from `inside`, and the theory of regulation as formulated by the French regulation school (e.g. the works of Aglietta, Boyer, Lipietz) are among the topics discussed..
ECON 469 ECONOMICS OF LABOR This course will involve the systematic economic study of human behavior regarding labor market operations. How labor markets operate in theory and in practice will be carefully examined. A wide range of topics and issues will be covered throughout the semester. The subjects to be discussed include; wage determination, worker productivity, labor supply and demand, employment and output, occupational choice, unemployment, unionization, discrimination, poverty, and some others. In short, since everyone sells their labor resources to earn a living, it is important to understand how the labor market operates. The ultimate goal in the course is to develop a critical understanding of how to evaluate labor market policy.
ECON 470 ECONOMICS POLICY MAKING IN TURKEY The primary objective of this course is to analyze the process of economic policy making in Turkey. The material will include an analysis of structures and functions of economic policy making institutions, stabilization and structural adjustment policies and disinflation programs.
ECON 471 STATISTICAL DATABASE IN TURKEY This course will introduce the student to the sources of economic statistics in Turkey. It will also emphasize the methodologies involved in such statistics, by examining their coverage, sampling framework, frequency, survey design and questionnaires.
ECON 472 PROBLEMS IN OTTOMAN ECONOMIC HISTORY This course deals with issues of agricultural and commercial transformation models in the Ottoman Empire. Emphasis is laid on the interaction of the Ottoman economy with European capitalism after the 16th century.
ECON 474 SEMINAR ON TURKISH ECONOMY The course is designed to encourage research on some specific topics and issues that are covered in 3110 460. Seminar discussions and a term-paper are essential parts of the course.
ECON 475 INTRODUCTION TO MATHEMATICAL ECONOMICS I Nature of equilibrium analysis. Comparative statics and dynamic analysis. Mathematical treatment of some topics in microeconomics.
ECON 476 INTRODUCTION TO MATHEMATICAL ECONOMICS This course is the continuation of 3110 475. It is based on mathematical treatment of some topics in macroeconomics.
ECON 477 WELFARE ECON. & THEORY OF SOCIAL CHOICE This course systematically develops the foundations of modern welfare economics. In particular, the twin pillars of positive economics and ethical premises are stressed and both the weaker ethical premises underlying economic efficiency and the stronger ones underlying social welfare maximization are examined. The techniques that constitute the important ingredients in the constructive use of economics in policy making are developed.
ECON 478 TOPICS IN LINEAR&NON-LINEAR PROGRAMMING Problem formulation, post optimality analysis, special topics in linear and non-linear programming, computer applications, economic applications.
ECON 479 GLOBAL., REGIONALI., &THE EUROPEAN UNION After a brief introduction to globalization and regionalization in general, the major emphasis is placed upon regional economic integration (i.e. customs union, common market, economic and monetary union and common policies) in the European Union (EU). The institutions and decision-making processes in the EU and the steps taken towards political union are also discussed to give a comprehensive picture of the EU.
ECON 480 WORLD ECONOMY The course investigates developments, trends, cycles and facts of the world economy during the 1980`s and its future. A framework is developed within which to examine the subject matter. Outcomes of `structural adjustment` on a major country basis as well on a global basis are evaluated.
ECON 481 AGRICULTURAL ECONOMICS Agricultural development; agricultural sector in Turkey; analytical topics in agricultural economics, analysis of government policies in agriculture; further topics in agriculture.
ECON 482 REVIEW TOPICS IN ECONOMICS Scope and method, micro vs. macro, equilibrium and stability, markets and prices, expectations, technological equity vs. efficiency, time in economics, rationality.
ECON 483 APPLIED ECONOMETRICS I This course concentrates on the applications of simple and multiple regression techniques and of simultaneous equation systems. The areas of application may include estimation of consumption functions, systems of demand functions, production and cost functions, international trade relationships and others.
ECON 484 APPLIED ECONOMETRICS II This course concentrates on the applications of models with discrete dependent variables, models with limited dependent variables and models with duration data. Such applications may include models for binary choice, models for panel data, bivariate and multivariate Probit models, models for multiple choices and Tobit analysis of the censored regression.
ECON 487 EXPERIMENTAL ECONOMICS No data is available for the course.
ECON 488 TRADE AND INDUSTRIALIZATION The role of trade in development, terms of trade and trade in primary products, alternative industrialization strategies, sources and extent of protection, the effect of trade and industrialization policies on the pattern of trade and development.
ECON 489 EUROPEAN UNION AND TURKEY The progress and problems of Turkey’s association with the EU, the analysis of comparative economic indicators and policies of Turkey and the EU, Turkey’s achievements and problems in adapting to common policies of the EU and other issues associated with Turkey’s full membership.
ECON 490 INTERNATIONAL ECONOMIC INSTITUTION Major international institutions and organizations involved in financing either on a global or regional scale. Their policies, financing instruments and the role they play on the world economic order.
ECON 491 MACROECONOMIC AND NATIONAL ACCOUNTS Understanding and interpretation of principal components of the macroeconomic accounts, namely the national income accounts, balance of payments accounts, monetary and financial statistics.
ECON 492 THE POLITICAL ECON. OF EUROPEAN INTEG. No data is available for the course.
ECON 493 URBAN ECONOMICS Urban economics as a field of study; theories of urban spatial structure; urban economic structure; techniques of urban economic analysis, economic aspects of the study of the community; economics of major urban problems.
ECON 494 ECONOMIC AND MONETARY UNION No data is available for the course.
ECON 495 THE LABOUR MARKET IN TURKEY: A COMP.PERS This course evaluates historical development of the labor market in Turkey form a comparative perspective. The demographic, economic, social, legal and institutional framework of the labor market in Turkey from the mid-19th century until the contemporary period from an internationally comparative perspective, with special emphasis on wages and living and working conditions and on the mechanisms and dynamics of their determination are introduced taking into consideration the situation in various other countries and the international conventions and other instruments.
ECON 496 POLITICAL ECON.OF MIDDLE EAST&N.AFRICA This course examines the issues of development in the region from Morocco to Iran using the tools of analysis of development economics and political economy. The topics to be covered include the concept of development, an introduction to the economic history of the region, agrarian change, rural to urban and international migration, informal sector, industrialization with and without oil, external debt and the impact of restructuring and stabilization programs.
ECON 497 COMPARATIVE EUROPEAN LABOR MARKETS This course examines labor market characteristics and institutions in developed countries in general and Western European countries in particular. Comparisons to the most flexible labor market, the US, will be a focus of the course. Underlying paradigms are the skill-biased technological change adversely affecting low-skill workers and labor market institutions –as these institutions relate to labor market flexibility or wage rigidity.
ECON 498 LABOUR MARKET ECONOMICS An up-to-date review of modern labor market theories, related policy issues and applications, as well as methods and findings of empirical research, including national and regional level analysis of these markets both in developed and developing countries. Open to economic and administrative sciences majors as well as to students from computer science, regional planning and engineering.
ECON 499 INTERNATIONAL MONEY, FINANCE AND BANKING The course aims to introduce students to alternative approaches to international money, finance and banking. Whilst the emphasis is on policy questions, theory postulations and empirical evidence will be referred to frequently. The course is planned to cover some topical issues including i) International monetary regimes, ii) Exchange rate determination theories and evidence, iii) Alternative exchange rate regimes and policies, iv) Banking system: risks and regulation, v) The international experience with currency and banking crises, vi) Turkish financial system: Issues, risks and regulation, vii) Monetary policy in financially open economies with special reference to Turkey.

METU Undergraduate Programs Directive and Rules and Regulations

(ENG)   http://oidb.metu.edu.tr/en/middle-east-technical-university-rules-and-regulations-governing-undergraduate-studies-theturkish-ve
(TR)   http://oidb.metu.edu.tr/orta-dogu-teknik-universitesi-lisans-egitim-ogretim-yonetmeligi-0