COURSE CONTENTS

ECON 103 FUNDAMENTALS OF ECONOMICS

This is a one semester course. It aims to cover the basic theories of microeconomics and macroeconomics. It is an integrated introduction to the analysis of individual firms and markets, as well as aggregate economic variables. These include demand and supply, consumer and firm behavior, production and cost, market structure, aggregate demand and aggregate supply, unemployment, inflation, money, income distribution and economic growth.

ECON 315 STATISTICS AND ECONOMETRICS

To provide basic knowledge about Statistics and Econometrics and to prepare students for taking higher level Courses in Econometrics/Time Series. Topics covered include Random Variables and Statistical Distributions; Sampling and Sampling Distributions; Statistical Estimation and Test of Hypothesis; Analysis of Variance; Simple Linear Regression Models; Multiple Linear Regression Models:; Dummy Variables; Multicollinearity, Heteroscedasticity, and Auto Correlation; Model Specification; Time Series and Panel Data; Autoregressive Models.

ECON 501 MICROECONOMICS

Objective of this course is to familiarize students with fundamental concepts of microeconomics so that they can analyze the microeconomic problems. Topics covered include Budget constraint, Preferences and Utility, Choice and Demand, Revealed Preference and Slutsky Equation, Intertemporal Choice, Asset Returns, Uncertainty and Risky Assets, Market Demand and Equilibrium, Profit Maximization and Cost Minimization, Cost Curves, Firm Supply and Industry Supply, Monopoly, Oligopoly, Exchange, Externalities, Public Goods.

ECON 502 FINANCIAL ECONOMICS

The course aims to build a bridge between economics and finance. The difference between the deterministic economical techniques and the stochastic techniques are examined so that the student can understand how certain financial tools are derived. Moreover, the course also intends to equip its students with not only an economical but also a financial point of view. This course examines the choice structures under uncertainty, formation of portfolios, kinds of portfolios and certain models related to these portfolios like Capital Asset Pricing Model. Moreover, the notions of arbitrage, martingale, and stochastic dominance are studied. Finally students are expected to solve general equilibrium problem when there is uncertainty.

ECON 503 MACROECONOMICS

This course is designed as an introduction to graduate level macroeconomics. The primary objectives of this course are to acquaint them with the recent developments in the field of macroeconomics, and to equip with the necessary tools to analyze macroeconomic problems. In the first part of the course, we will study macroeconomic models in a static setting. In the second part of the course, we will examine long-run growth theories, using a host of models to explain economic growth. Time permitting; we will further investigate household consumption and saving behavior, and the RBC Theory.

ECON 504 INVESTMENT ANALYSIS AND PORTFOLIO MANAGEMENT

This course builds on the concepts that have been covered in "Financial Management". The aim is to teach the students the foundations of asset valuation in competitive markets and the application of basic analytical tools in managing risk and return. We will study the characteristics of financial markets and financial instruments, the statistical analysis of portfolio risk and return. Efficient Market Hypothesis, Valuation of risky and risk-free securities, Portfolio selection problem, Portfolio diversification, Portfolio analysis, Risk-free borrowing and lending in portfolio analysis, CAPM, Factor models, Arbitrage Pricing Theory, Option Pricing Theory.

ECON 505 FINANCIAL ECONOMETRICS

The aim of this course is to increase the capability of students to analyze the economic hypothesis with statistical tools. Topics covered include the definition of Financial Econometrics, Index models, CAPM models, Time Series Analysis, Forecasting of Returns, ARCH and GARCH models, Measurements of Risk, Nonlinear Econometric modelling, Panel data models.

ECON 506 MONEY AND BANKING

This course addresses classical and contemporary issues in the theory of money, banking, and financial institutions. Topics covered include: structure of central banks, theories of money demand and money supply, relationship between money supply and overall economic activity, theoretical and practical aspects of monetary policies, money creation, central bank's role in economic stabilization and the operation of international financial system.

ECON 507 RISK ANALYSIS AND MANAGEMENT

The objective of this course is twofold. First objective is to familiarize the students with financial risks, how to measure and analyze the financial risks. The second objective is to teach how to control and manage financial risk by using derivative instruments. Topics covered in the course are: risk measurement, hedging instruments and hedging, risk management policies, and financial derivatives as a tool for risk management.

ECON 508 FINANCIAL DERIVATIVES

This course intends to deepen the knowledge of its students in derivative markets so that they will be able to analyze the economic environments and crises better. Having equipped themselves in this field, students will be able to get enrolled in banks, companies and organized markets like stock exchange, or pursue an academic career on finance. Topics include the definition and application of derivatives and how hedging techniques can be made via these tools. The formation of portfolios consisting of options, forwards, futures, swaps and their combinations are studied. Pricing of these derivatives, especially options are examined in detail.

ECON 509 INTERNATIONAL FINANCIAL MANAGEMENT

The objective of the course is to introduce the students with the principles of international finance in a rapidly globalizing economic environment. We will study the characteristics of international financial markets and instruments, foreign exchange markets, currency risk, hedging from risk, international asset and liability management. More specifically: International Financial Environment , International Financial Markets and Institutions , Balance of Payments, Foreign Exchange Markets , Purchasing Power Parity and Fisher Effect,  Interest Rate Parity , International Monetary Systems , Foreign Exchange Exposure , Foreign Exchange Futures and Options , International Capital Budgeting , Foreign Direct and Portfolio Investments , International Equity and Bond Markets , International Asset and Liability Management.

ECON 510 MACROECONOMIC AND FINANCIAL FORECASTING

Macroeconomic and financial forecasting course designed as a mixed of a discussion of underlying theory and applications on the computer lab. The course focuses on the aspects of empirical modeling and forecasting as stationarity properties, co-integration, error correction models, ARCH-GARCH models, model evaluation and model design, forecasting, comparison of forecasts and combination forecasts.

ECON 512 ECONOMIC CRISES

This course includes a selected survey of the literature on economic crises. The objective of the course is to strengthen the student’s understanding of the macro- financial linkages associated with an integral analysis of a particular crisis. Main factors explaining major types of crises along with their real and financial sector implications are considered within the framework of international contagion effects.

IE 502 STOCHASTIC PROCESSES

A Review of Probability Theory. Basic Foundations of Stochastic Processes. Bernoulli Processes. Poisson Process. Markov Chains and Markov Processes With Applications in Queuing Models. Renewal Processes and Their Applications in Reliability. Replacement and Inventory Problems.

IE 512 DECISION ANALYSIS

Fundamentals of Decision Analysis. Utility Measures and Risk Preference. Risk Assessment. Use of Decision Trees With Risk and Time Preference. Value of Sampled and Perfect Information. Bayesian Decision Making under Uncertainty.

IE 550 PROBABILITY THEORY AND STATISTICS FOR INDUSTRIAL ENGINEERS

Introduction to probability theory, probability distributions, estimation, hypotheses resting, analysis of variance, multiple linear regression, experimental design, and applications.

INTT 508 INTERNATIONAL COMMERCIAL AND FINANCIAL INSTITUTIONS

This course examines the structures and operations of such international commercial and financial institutions as the WTO, IMF, World Bank, BIS, EBRD, etc., with an emphasis on their role of restoring external balance and promoting economic development in individual countries with which they enter into relations in the form of formulating economic policies and providing financial resources.

INTT 509 COMPETITION LAW AND ANTI-TRUST APPLICATIONS

This course examines the competition law systems of Turkey, European Union and United States of America and evaluates the competition restricting applications. The course is designed to provide a practical perspective for International Trade students.

 

INTT 515 INTERNATIONAL BANKING

This course examines the international financial intermediaries and the international banking system. It surveys the historical evolution and foundation as well as the recent developments and the crashes of international banking. Financial crisis, international commercial and investment banking, their planning and management, and the regulatory environment will also be discussed.

INTT 516 RISK MANAGEMENT IN INTERNATIONAL FINANCIAL TRANSACTIONS

The course focuses on managing the foreign exchange risk and exposure within a framework of the theory and the practical applications. Hedging techniques as well as the pricing and the risk characteristics of the derivate instruments such as currency futures, currency options and swap transactions will be examined. Interest rate exposure and hedging against it will also be covered.

MAN 123 FUNDAMENTALS OF BUSINESS

Foundations of business and private enterprise system; forms of business ownership; basic business functions: marketing, accounting, finance, production, and human resources; management and organization; business and environment.

MAN 513 FINANCIAL MANAGMENT

Financing functions and roles, changing and increasing importance of business finance; flow of funds; domestic and international financial markets; essential tools and concepts in managerial finance; financial analysis, planning, and control; securities, working capital, capital budget, cost of capital, interest, debt financing, leverage, stock financing, short-term and long-term financing, dividend policy, financial strategies and policies, mergers, acquisitions, joint ventures, and divestitures.

MAN 519 QUANTITATIVE ANALYSES FOR BUSINESS DECISIONS

Quantitative approaches to management, deterministic and stochastic analyses and models for business decisions, survey of probability concepts, conditional probability, Bayes' theorem, distributions, central tendency and variations measures, sampling concepts, experimental statistics, statistical decision making, Bayesian decision making; Time series analysis; forecasting, operations research, linear programming, Integer programming, waiting lines, Markov analysis.

MAN 522 FINANCIAL MARKETS AND INSTITUTIONS

An examination of participants, relationships and institutions and markets for all types of sections. Analysis of financial intermediaries’ flow of funds, determinants of inverts rates, instruments financial markets.

MAN 530 PROJECT DEVELOPMENT AND MANAGEMENT

The concept, techniques, tools and processes of project management. Project selection. Project planning, organization and controlling. Budgeting and cost elimination. Scheduling. Resource allocation. Monitoring and information systems. Project auditing and termination.

MAN 536 MANAGEMENT SCIENCE

Historical perspective of management science, Operations Research study, problem solving, static and sequential decision making, scientific method, linear programming formulation and solution of linear programming problem, the graphical, algebraic, simplex methods, duality, parametric and sensitivity analysis, transportation, assignment problems and solutions, network analysis, integer programming, nonlinear programming, dynamic programming, waiting lines, inventory, Markov process, simulations, applications in business.