Course Unit Code | Course Unit Title | Type of Course Unit | Year of Study | Semester | Number of ECTS Credits | 150400307103 | INSTITUTIONAL ECONOMICS | Elective | 4 | 7 | 4 |
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Level of Course Unit |
First Cycle |
Objectives of the Course |
Discussing the importance and development of social and economic institutions in the framework of Instituitional Economics. |
Name of Lecturer(s) |
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Learning Outcomes |
1 | The students will have discussion ability of the importance and development of institutions within the framework of Institutional Economics Approach. | 2 | The students will be able to utilize the theory of transaction cost. | 3 | The students will be able to analyze absolute and relative property rights and their importance in economic and social life. |
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Mode of Delivery |
Daytime Class |
Prerequisites and co-requisities |
NONE |
Recommended Optional Programme Components |
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Course Contents |
The economic analysis of institutions. |
Weekly Detailed Course Contents |
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1 | Conceptual Framework: World of Costless Transactions, Ideal Structures, Established and Spontaneous Institutions, Individiual, Power, Political Institutions and Stability | | | 2 | Theory of transaction costs. | | | 3 | Absolute Property Rights :The Property of Physical Objects, Private Property and Economic Analysis | | | 4 | Relative Property Rights: Contractual Obligations | | | 5 | Contract Theory: Managerial Firm Theory, Principal-Agent Model: Moral Hazard, Adverse Selection, Implicit Contracts | | | 6 | Market, Firm and State in Institutional Economics: Order, Rules and Organizations. | | | 7 | Midterm Exam | | | 8 | New Institutional Economics and Firm. | | | 9 | New Institutional Economics and State. | | | 10 | Institutions and Economic Performance | | | 11 | Regulation. | | | 12 | Law and Economics | | | 13 | Final | | |
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Recommended or Required Reading |
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Planned Learning Activities and Teaching Methods |
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Assessment Methods and Criteria | |
Midterm Examination | 1 | 100 | SUM | 100 | |
Final Examination | 1 | 100 | SUM | 100 | Term (or Year) Learning Activities | 40 | End Of Term (or Year) Learning Activities | 60 | SUM | 100 |
| Language of Instruction | | Work Placement(s) | |
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Workload Calculation |
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Midterm Examination | 1 | 2 | 2 |
Final Examination | 1 | 10 | 10 |
Self Study | 10 | 8 | 80 |
Individual Study for Mid term Examination | 1 | 10 | 10 |
Individual Study for Final Examination | 1 | 10 | 10 |
Homework | 1 | 1 | 1 |
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Contribution of Learning Outcomes to Programme Outcomes |
LO1 | 3 | 3 | 3 | 4 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 3 | 3 | LO2 | 4 | 3 | 3 | 3 | 4 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 4 | 3 | LO3 | 3 | 4 | 4 | 3 | 4 | 4 | 3 | 3 | 4 | 3 | 4 | 3 | 3 | 3 | 4 | 3 | 4 |
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* Contribution Level : 1 Very low 2 Low 3 Medium 4 High 5 Very High |
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Iğdır University, Iğdır / TURKEY • Tel (pbx): +90 476
226 13 14 • e-mail: info@igdir.edu.tr
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