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Course Syllabus

Master 2021/2022

Contemporary Economics

Category 'Best Course for New Knowledge and Skills'
Type: Compulsory course (Politics. Economics. Philosophy)
Area of studies: Political Science
Delivered by: Department of Theoretical Economics
Where: Faculty of Social Sciences
When: 1 year, 2, 3 module
Mode of studies: offline
Open to: students of one campus
Instructors: Kemal Kivanc Akoz
Master’s programme: Политика. Экономика. Философия
Language: English
ECTS credits: 5
Contact hours: 64

Course Syllabus

Full Syllabus

Abstract

This course introduces students to the basics of economic theory and policy. There are two modules for the course. In the first module, the focus will be on microeconomics. The topics include economic decision making, equilibrium and efficiency in various market structures, theory of strategic interactions (game theory), imperfect competition, and externalities. In the second module, the focus of the course will be on macroeconomics. The topics include national accounting, static and two-period general equilibrium models, labor markets, theory of growth, money and banking, political economy of macroeconomic policy, and international macroeconomics.
Learning Objectives

Learning Objectives

  • Provide a comprehensive overview of economic theory
  • Introduce basic economic models that are used for understanding and intervening real-life economic situations
  • Enable students to evaluate and participate in the debates on economic policy
  • Provide background for more advanced studies and research
Expected Learning Outcomes

Expected Learning Outcomes

  • Ability to analyze of various socio-economic situations as an interaction of individual decisions and institutional constraints
  • Familiarity with the vocabulary of economics
Course Contents

Course Contents

  • Modern Economic Theory
  • Game Theory
  • Static General Equilibrium Theory
  • Growth Theory
Assessment Elements

Assessment Elements

  • non-blocking Midterm
  • non-blocking Final
  • non-blocking Homework
  • non-blocking Participation
  • non-blocking Midterm
  • non-blocking Final
  • non-blocking Homework
  • non-blocking Participation
Interim Assessment

Interim Assessment

  • 2021/2022 3rd module
    0.1 * Participation + 0.4 * Final + 0.3 * Midterm + 0.2 * Homework
Bibliography

Bibliography

Recommended Core Bibliography

  • Macroeconomics, Mankiw, N. G., 2013

Recommended Additional Bibliography

  • Bowles, S., & Polanía-Reyes, S. (2012). Economic Incentives and Social Preferences: Substitutes or Complements? Journal of Economic Literature, 50(2), 368–425. https://doi.org/10.1257/jel.50.2.368