| Course Title | Code | Semester | L+U Hour | Credits | ECTS |
|---|---|---|---|---|---|
| Comparative Schools of Economic Thought | İKT403 | 7. Semester | 3 + 0 | 3.0 | 5.0 |
| Prerequisites | None |
| Language of Instruction | Turkish |
| Course Level | Undergraduate |
| Course Type | |
| Mode of delivery | Face to face. |
| Course Coordinator |
Lect. İlyas İlker İŞLER |
| Instructors |
İlyas İlker İŞLER |
| Assistants | |
| Goals | The aim of this course is to make a comparative analysis of contemporary schools of economic thought. |
| Course Content | Comparative Analysis of the Contemporary Schools of Economics - Neoclassical Economics, Keynesian Economics, Chicago School, Austrian School, Constitutional Economics School, Institutional Economics School, Post Keynesian Economics School. |
| Learning Outcomes |
- Students will acquire the necessary skills to analyse the views of major contemporary schools of economics - Students will be able to compare different schools of economics. - Students will be able to learn the difference between mainstream and heterodox schools of economics and analyse the solutions of economic policies to social problems in the historical process. |
| Week | Topics | Learning Methods |
|---|---|---|
| 1. Week | Introduction: The Main Contemporary Schools of Economics | |
| 2. Week | Mercantilism | Preparation, After Class Study Verbal Expression Course Hours Research |
| 3. Week | Physiocracy | Preparation, After Class Study Course Hours Other Activities Verbal Expression |
| 4. Week | The Keynesian School | Course Hours Preparation, After Class Study Verbal Expression Other Activities |
| 5. Week | Orthodox Monetarist School | Other Activities Preparation, After Class Study Course Hours Verbal Expression |
| 6. Week | New Classical School | Course Hours Preparation, After Class Study Other Activities Verbal Expression |
| 7. Week | Supply Side School of Economics | Course Hours Other Activities Verbal Expression Preparation, After Class Study |
| 8. Week | The Real Business Cycle Theory | Course Hours Preparation, After Class Study Verbal Expression |
| 9. Week | Public Choice School | Preparation, After Class Study Verbal Expression Course Hours Other Activities |
| 10. Week | New Keynesian School | |
| 11. Week | Institutional Economics I | |
| 12. Week | Institutional Economics II | |
| 13. Week | Post Keynesian Economics I | |
| 14. Week | Post Keynesian Economics II |
| M. Friedman (1968): “The Role of Monetary Policy”, AER, 58(1)/ R. L. Hetzel (2007): “The Contributions of Milton Friedman to Economics”, Federal Reserve Bank of Richmond Economic Quarterly / Snowdon and Vane (2005): Modern Macroeconomics, Edward Elgar / T. Yay (2004): “Avusturya İktisat Okulu’nun Tarihsel Gelişimi ve Metodolojisi”, Piyasa, 3(11)/ T. Yay (2010): “Avusturya Okulu Mikroiktisadı:Dinamik Rekabet ve Girişimsel Keşif Süreci Olarak Piyasa”, Liberal Düşünce Dergisi, Yaz-Güz, Sayı59 / T. Yay (2011 ): “Austrian School, Competition and Firm Theory” / E. Özveren (2007): Kurumsal İktisat, İmge Kitapevi/ R.E. Backhouse ve B.W. Bateman(2008): Keynes, Dost Kitapevi/ J. King (2008): "Post Keynesian Economics", New Palgrave Dictionary / R.P.F. Holt and S. Pressman (2006): A New Guide to Post Keynesian Economics, Routledge; İktisadi düşünce veya politik iktisadın evrimi / Kazgan, Gülten |
| Program Requirements | Contribution Level | DK1 | DK2 | DK3 | Measurement Method |
|---|---|---|---|---|---|
| PY1 | 5 | 0 | 0 | 0 | - |
| PY2 | 5 | 0 | 0 | 0 | - |
| PY3 | 5 | 0 | 0 | 0 | - |
| PY4 | 5 | 0 | 0 | 0 | - |
| PY5 | 2 | 0 | 0 | 0 | - |
| PY6 | 5 | 0 | 0 | 0 | - |
| PY7 | 3 | 0 | 0 | 0 | - |
| PY8 | 5 | 0 | 0 | 0 | - |
| PY9 | 4 | 0 | 0 | 0 | - |
| PY10 | 3 | 0 | 0 | 0 | - |
| PY11 | 4 | 0 | 0 | 0 | - |
| PY12 | 2 | 0 | 0 | 0 | - |
| PY13 | 2 | 0 | 0 | 0 | - |
| PY14 | 1 | 0 | 0 | 0 | - |
| 0 | 1 | 2 | 3 | 4 | 5 | |
|---|---|---|---|---|---|---|
| Course's Level of contribution | None | Very Low | Low | Fair | High | Very High |
| Method of assessment/evaluation | Written exam | Oral Exams | Assignment/Project | Laboratory work | Presentation/Seminar |
| Event | Quantity | Duration (Hour) | Total Workload (Hour) |
|---|---|---|---|
| Course Hours | 14 | 3 | 42 |
| Preparation, After Class Study | 14 | 1 | 14 |
| Research | 14 | 3 | 42 |
| Visual Presentation | 1 | 1 | 1 |
| Midterm 1 | 1 | 1 | 1 |
| Homework 1 | 1 | 10 | 10 |
| Final | 1 | 1 | 1 |
| Practice | 1 | 10 | 10 |
| Classroom Activities | 1 | 6.5 | 6.5 |
| Total Workload | 127.5 | ||
| ECTS Credit of the Course | 5.0 | ||
