Faculty of Business and Management Sciences · International Trade and Finance · Undergraduate
ECTS: 5 T+P+L: 3+0+0 University Elective
Coordinator: Arş. Gör. Zehra Killik
Course Objective
Understanding the fundamentals of institutional economics
Course Content
In this course, the fundamentals of institutional economics are explained and analyzed comparatively with mainstream economic theory.
Required Resources
Bernard Chavance, Institutional Economics, İletişim Publications, 2019.
Eyüp Özveren (Ed.), Institutional Economics, İmge Bookstore, 2007.
Douglas North, Institutions, Institutional Change and Economic Performance, Sabancı University Publications, 2002.
Recommended Resources
Daron Acemoğlu and James Robinson, The Fall of Nations, Doğan Kitap, 2015.
Geoffrey M. Hodgson, Recent Developments in Institutional Economics, Edward Elgar Publishing, 2003.
Course Learning Outcomes
- understanding fundamentals of institutional economics
- comparative analysis of institutional and mainstream economics
- Learning the premises of institutional economics
Core Area Distribution
(22) Humanities%100
Teaching Methods
ExpressionQuestion-AnswerDiscussion
Assessment & Evaluation
Testing (Essay / Tests: True-Falls, multiple-choice, short answer, matching)
ECTS / Workload
| Activity | Quantity | Duration (h) | Total Workload |
|---|---|---|---|
| Course Duration (Including Exam Week) | 16 | 3 | 48 |
| Out of Class Study Period | 10 | 8 | 80 |
| Midterm | 1 | 1 | 1 |
| Quiz | 0 | 0 | 0 |
| Assignment | 0 | 0 | 0 |
| Practice | 0 | 0 | 0 |
| Final | 1 | 1 | 1 |
Course Schedule
| Week | Subject | Preparation |
|---|---|---|
| 1 | Introduction | Introduction |
| 2 | Austrian School | Austrian School |
| 3 | Historical Development of Institutional Economics | Historical Development of Institutional Economics |
| 4 | Historical Development of Institutional Economics 2 | Historical Development of Institutional Economics 2 |
| 5 | Economic analysis of institutions | Economic analysis of institutions |
| 6 | German Historical School | German Historical School |
| 7 | Review | Review |
| 8 | Midterm | Midterm |
| 9 | New Institutional Economics | New Institutional Economics |
| 10 | New Institutional Economics 2 | New Institutional Economics 2 |
| 11 | New Instituional Economics 3 | New Instituional Economics 3 |
| 12 | Mainstream and Institutional Economics | Mainstream and Institutional Economics |
| 13 | Mainstream and Institutional Economics 2 | Mainstream and Institutional Economics 2 |
| 14 | Mainstream and Institutional Economics 3 | Mainstream and Institutional Economics 3 |
| 15 | Review | Review |