sap course 1429290922

Course Code & Number:

ECON 422

Course Title:

Institutional Economics

Level of Course:

BS

Credits:

(3+0+0) 3 TEDU Credits, 6 ECTS Credits

Catalog Description:

Institutions and institutional change. Analyses of cooperation, behavioral assumptions in a theory of institutions. Transaction costs and constraints. Institutions and economic performance.

Pre-requisites & Co-requisites:

Pre-requisites: NONE
Co-requisites: NONE
Year of Study: 
Senior
Semester: 
Spring
Mode of Delivery: 
Face-to-face
Language of Instruction: 
English
Course Type: 
Elective
Required Reading: 
1. North. D., Institutions, Institutional Change and Economic Performance. Cambridge University Press, Cambridge, 1990.
Course Objective: 

The aim of this course is to introduce students an analytical framework for explaining the ways in which institutions and institutional change affect the performance of economies, both at a given time and over time.

Extended Description: 

An Introduction to Institutions and Institutional Change. Cooperation: the Theoretical Problem. The Behavioural Assumptions in a Theory Of Institutions. A Transaction Cost Theory of Exchange. Informal Constraints. Formal Constraints. Enforcement. Institutions and Transaction and Transformation Costs. Institutional Change: Organizations, Learning, and Institutional Change. Stability and Institutional Change. The Path of Institutional Change. Institutions, Economic Theory, and Economic Performance. Stability and Change In Economic History.

Computer Usage: 
Students will use MS Office applications (Word, Excel, Access, Powerpoint) to work on their weekly assignments about 2 hours a week.
Learning Outcomes: 

Upon succesful completion of this course, a student will be able to
1. Explain the nature of institutions and the role of transaction and production costs in their development. 
2. Analyze cooperation and behavioral assumptions in institutions theory. 
3. Clarify the factors effecting the institutions in the economy. 
4. Discuss the role of institutional change in development. 
5. Explains how institutional development may lead to a path-dependent pattern of development. 

Planned Learning Activities and Teaching Methods: 
Telling/Explaining
Discussion/Debate
Questioning
Reading
Peer Teaching
Demonstrating
Problem Solving
Case Study/Scenarion Analysis
Simulation & Games
Video Presentations
Oral Presentation
Guest Speakers
Web Searching
Assessment Methods and Criteria: 
Test / Exam
Quiz/Homework
Written Project
Presentation (Oral/Poster)

Student Workload:

Quizzes /Homeworks
40
hrs
Midterm Exam 1
16
hrs
Final Exam
16
hrs
Research Review
24
hrs

Prepared By:

Jülide Yıldırım Öcal

Revised By:

sap_editor