Information Package / Course Catalogue
Selected Readings in Economics
Course Code: İKT382
Course Type: Area Elective
Couse Group: First Cycle (Bachelor's Degree)
Education Language: Turkish
Work Placement: N/A
Theory: 3
Prt.: 0
Credit: 3
Lab: 0
ECTS: 5
Objectives of the Course

The course aims to enable students to read and analyze fundamental and contemporary texts in the field of economics, compare different economic approaches, and develop their academic evaluation skills.

Course Content

The “Readings in Economics” course aims to examine the fundamental concepts, theories, and historical development of the field of economics through academic texts. The course evaluates classical, neoclassical, Keynesian, and contemporary economic approaches; it also provides a comparative analysis of different economists’ views on economic phenomena. The primary objective of the course is to develop students’ abilities to understand, interpret, and critically evaluate economic texts. In this context, topics such as economic growth, income distribution, unemployment, inflation, market mechanisms, government intervention, and globalization are addressed. While the classical economic approach argues that the market can reach equilibrium on its own, the Keynesian approach emphasizes the importance of government intervention during economic crises. Modern economic approaches, on the other hand, examine the effects of behavioral factors, institutional structures, and social influences on economic decisions. The readings covered in the course demonstrate that economic events must be evaluated not only through numerical data but also in light of their historical, social, and political dimensions. Thus, students gain the ability to compare different schools of economic thought and analyze current economic issues within a theoretical framework. In conclusion, the “Economic Readings” course contributes to understanding the development of economic thought, enhances analytical thinking skills, and helps students gain a multifaceted perspective on economic events.

Name of Lecturer(s)
Learning Outcomes
1.It explains the historical development of the field of economics and the emergence of major schools of economic thought.
2.It compares the basic assumptions and analytical methods of classical, neoclassical, Keynesian, and contemporary economic approaches.
3.By reading foundational works and academic texts in the field of economics, they evaluate their content from a critical perspective.
4.Analyzes and interprets current economic issues and policies within the framework of various economic approaches.
5.Using the fundamental concepts of economic thought, they establish cause-and-effect relationships among economic phenomena and offer analyses that can contribute to scholarly discussions.
Recommended or Required Reading
1.History of Economic Thought / The Construction of Modern Economics by Mark Skousen
2.The Wealth of Nations: Adam Smith
3.The Narrow Corridor : Daron Acemoğlu & James A. Robinson
4.Capitalism and Freedom: Milton Friedman
Weekly Detailed Course Contents
Week 1 - Theoretical
Introduction to Economics Readings The subject matter and scope of economics, Academic reading and evaluation methods, An overview of the historical development of economic thought
Week 2 - Theoretical
The Birth of Classical Economics, Mercantilism and Physiocracy, The Basic Assumptions of Classical Economics, Key Readings
Week 3 - Theoretical
Adam Smith and the Free Market Economy, the concept of the division of labor, the invisible hand approach, the functioning of the market mechanism
Week 4 - Theoretical
David Ricardo and the Theory of Comparative Advantage, Theories of international trade, Rent and income distribution, Ricardo’s economic contributions
Week 5 - Theoretical
Karl Marx and the Critique of Capitalism, Labor-value theory, The concept of surplus value, Capitalist relations of production
Week 6 - Theoretical
Neoclassical Economics and Marginalism, Marginal Utility Theory, Consumer and Producer Behavior, Market Equilibrium
Week 7 - Theoretical
Midterm Evaluation and Text Analysis, Evaluation of the first six weeks, Student presentations and discussions
Week 8 - Theoretical
John Maynard Keynes and Macroeconomics, the effects of the Great Depression, the aggregate demand approach, the importance of government intervention
Week 9 - Theoretical
The Monetarist Approach, The Relationship Between Money Supply and Inflation, Milton Friedman’s Views, Comparison with the Keynesian Approach
Week 10 - Theoretical
Institutional Economics, The Role of Institutions in Economic Development, Property Rights and Economic Performance, New Readings in Institutional Economics
Week 11 - Theoretical
Behavioral Economics, Criticism of the Rationality Assumption, The Relationship Between Psychology and Economics
Week 12 - Theoretical
Development Economics, Underdevelopment and Development Issues, Sustainable Development, Global Inequalities
Week 13 - Theoretical
Current Economic Debates, Globalization, the Digital Economy, Income Distribution, and Poverty
Week 14 - Theoretical
General Evaluation and Student Presentations, Comparison of the texts studied throughout the semester, Contributions of economic thought to contemporary issues, Final evaluation
Assessment Methods and Criteria
Type of AssessmentCountPercent
Attending Lectures1%10
Assignment1%10
Midterm Examination1%20
Final Examination1%60
Workload Calculation
ActivitiesCountPreparationTimeTotal Work Load (hours)
Lecture - Theory142370
Assignment1707
Individual Work102240
Midterm Examination1314
Final Examination1314
TOTAL WORKLOAD (hours)125
Contribution of Learning Outcomes to Programme Outcomes
PÇ-1
PÇ-2
PÇ-3
PÇ-4
PÇ-5
PÇ-6
PÇ-7
OÇ-1
5
4
5
4
3
5
5
OÇ-2
5
5
4
5
4
5
4
OÇ-3
4
5
4
5
4
5
5
OÇ-4
4
4
5
4
5
5
5
OÇ-5
5
5
5
3
4
5
4
Adnan Menderes University - Information Package / Course Catalogue
2026