ECON 531 | Course Introduction and Application Information

Course Name
Decision Economics
Code
Semester
Theory
(hour/week)
Application/Lab
(hour/week)
Local Credits
ECTS
ECON 531
Fall/Spring
3
0
3
5

Prerequisites
None
Course Language
English
Course Type
Elective
Course Level
Second Cycle
Course Coordinator -
Course Lecturer(s) -
Assistant(s) -
Course Objectives The aim of this course is to teach students how to apply economic reasoning to a variety of investment decisions. Economic agents such as firms and consumers live in an uncertain world and need to make decisions with incomplete information. It is imperative to be able to identify and evaluate risks for sound investment decisions. The course consists of a series of case studies that give the student an understanding of the complexities of such decisions with incomplete information.
Course Description The students who succeeded in this course;
  • will be able to describe the types of risk in portfolio decisions.
  • will be able to describe the types of economic risks in particular investment environments.
  • will be able to describe exchange rate risk.
  • will be able to evaluate financial investment decisions.
  • will be able to evaluate economic investments.
Course Content This course consists of a series of case studies that bring out the complexities of decisions with incomplete information. Cases cover purely financial or economic investment decisions in a variety of sectors and a economic environments.

 



Course Category

Core Courses
Major Area Courses
Supportive Courses
Media and Management Skills Courses
Transferable Skill Courses

 

WEEKLY SUBJECTS AND RELATED PREPARATION STUDIES

Week Subjects Related Preparation
1 Introduction
2 Case 1: Investing in a Country Read the case and research the country
3 Case 1a: Investing in a Stock Case Read the case and research the country and company
4 Case 1b: Investing in a Corporate Bond Case Read the case and research the country and company
5 Case 1c: Investing in a Company Presentations Read the case and research the country and company
6 Presentations
7 Case 2: Investing in the Energy Sector Read the case
8 Case 3: Investing in Telecommunications Read the case
9 Case 4: Investing in Turkey Midterm Read the case
10 Midterm
11 Case 5: Investing in the EU Presentations Read the case
12 Presentations
13 Case 6: Investing in Russia Read the case
14 Case 7: Investing in Sovereign Debt Read the case
15 Final Exam
16 Review of the Semester  

 

Course Notes/Textbooks
Suggested Readings/Materials

 

EVALUATION SYSTEM

Semester Activities Number Weigthing
Participation
16
10
Laboratory / Application
Field Work
Quizzes / Studio Critiques
Homework / Assignments
2
20
Presentation / Jury
2
20
Project
Seminar / Workshop
Oral Exams
Midterm
1
20
Final Exam
1
30
Total

Weighting of Semester Activities on the Final Grade
70
Weighting of End-of-Semester Activities on the Final Grade
30
Total

ECTS / WORKLOAD TABLE

Semester Activities Number Duration (Hours) Workload
Theoretical Course Hours
(Including exam week: 16 x total hours)
16
3
48
Laboratory / Application Hours
(Including exam week: 16 x total hours)
16
Study Hours Out of Class
14
3
Field Work
Quizzes / Studio Critiques
Homework / Assignments
2
20
Presentation / Jury
2
15
Project
Seminar / Workshop
Oral Exam
Midterms
1
25
Final Exam
1
40
    Total
225

 

COURSE LEARNING OUTCOMES AND PROGRAM QUALIFICATIONS RELATIONSHIP

#
Program Competencies/Outcomes
* Contribution Level
1
2
3
4
5
1

To improve and deepen actual and advanced level knowledge in economics in the level of expertise by inventive thoughts and/or research and to get inventive contributions to science.

X
2

To comprehend the interaction between economics and related fields; to achieve inventive results by using knowledge requiring expertise in analysis, synthesis and evaluation of new and complex ideas.

3

To be able to apply the advanced level knowledge acquired in economics and finance.

X
4

Creating new knowledge by combining the knowledge of financial economics with the knowledge coming from other disciplines and also be able to solve problems which requires expert knowledge by applying scientific methods.

5

To be able to critically evaluate the knowledge in financial economics, to lead learning and carry out advanced level research independently.

6

Being able to use a foreign language for both following scientific progress and for written and oral communication.

X
7

To be able to develop new strategic approaches for unexpected, complicated situations in financial economics and take responsibility in solving it.

X
8

To be able to use computer programs needed in the field financial economics as well as information and communication technologies in advanced levels.

X
9

To possess the communication network to put the economic and social needs of the region of residence on the agenda.

10

To have adequate social responsibility and conciousness about the needs of society and to have the experience and authority  to organize and support the operations that can affect and drive  the social dynamics when necessary.

11

To be able to think analytically to identify problems in financial economics and to be able to make policy recommendations in economics and finance based on scientific analysis of issues and problems.

X
12

To protect the social, scientific and ethical values at the data collection, interpretation and dissemination stages and to be able to introduce and supervise these values.

13

To be able to use the skills of modeling, empirical analysis and formulating policy options that are developed for financial economics, in interdisciplinary contexts.

*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest