| Learning Outcomes |
PO |
MME |
| The students who succeeded in this course: |
|
|
| LO-1 |
Be able to explain the importance of rules and the development of economic and social life |
PO-11 have ability on defining economic variables and comment on the relationships between these variables.
|
Examination
|
| LO-2 |
Be able to discuss the economic reality of the formal economy except for classical approaches |
PO-14 can respect different religions, life styles and question the information in the view of scholar idea.
|
Examination
|
| LO-3 |
Be able to analyze the relationship between changes in the institutional structure and economic performance |
PO-18 can refresh information and ability, global economic developments demand, recognizing his/her professional ethic and responsibilities.
|
Examination
|
PO: Programme Outcomes
MME:Method of measurement & Evaluation |
| Course Contents |
| Actual Institutional Economics (Original Institutional Economics), and this criticism is based on criticism of the theory of classical economics school will focus on fundamentals.
Where the Old and New Institutional Economics approach shows parallels and is intended to see what points separated from each other. |
| Weekly Course Content |
| Week |
Subject |
Learning Activities and Teaching Methods |
| 1 |
Conceptual Framework of Institutional Economics |
lecturing |
| 2 |
Historical Development of Institutional Economics: German Historicist School, the Austrian School, the Freiburg School, the American İnstitutionalism |
lecturing |
| 3 |
Historical Development of Institutional Economics: Evaluation of the Old Institutional Economics and Emergence of New Institutional Economics |
lecturing
|
| 4 |
Economic Analysis of Institutions |
lecturing
|
| 5 |
Theory of Transaction Costs |
lecturing |
| 6 |
Absolute Property Rights: Ownership of physical objects, Private Property, Rights and Economic Analysis |
lecturing
|
| 7 |
Relative Property Rights: Contract Obligations |
lecturing |
| 8 |
mid-term exam |
|
| 9 |
Contract Theory: The Administrative Theory of the Firm, Principal-Agent Model: Moral Vulnerabilities, contrary election, Implicit Contracts and Incomplete Contracts Model |
lecturing
|
| 10 |
New Institutional Economics Approach Market, Company and the State on the Application Areas: Layout, Basic Rules, Organizations and Social Networks |
lecturing |
| 11 |
Positive Externalities |
lecturing
|
| 12 |
Bounded Rationality |
lecturing
|
| 13 |
Market and State in New Institutional Economics |
lecturing |
| 14 |
Firm in New Institutional Economics |
lecturing |
| 15 |
Impact on Institutions and Economic Performance |
lecturing
|
| 16 |
final exam |
|
| Recommend Course Book / Supplementary Book/Reading |
| 1 |
Douglass C. North, Kurumlar, Kurumsal Değişim ve Ekonomik Performans, Sabancı Ünivesitesi Yayınları: İstanbul, 2002. |
| 2 |
Eirik G. Furubotn; Rudolf Richter, Institutions and Economic Theory: The Contribution of the New Institutional Economics, University of Michigan Press: Michigan, 2005 |
| Required Course instruments and materials |
|
