Information Package / Course Catalogue
Institutional Economy
Course Code: ECN514
Course Type: Area Elective
Couse Group: Second Cycle (Master's Degree)
Education Language: Turkish
Work Placement: N/A
Theory: 3
Prt.: 0
Credit: 3
Lab: 0
ECTS: 5
Objectives of the Course

This theory course seeks to promote methodological thinking. Through careful examinations of crucial institutional concepts and close analyses of one or more institutions, participants will learn to understand institutions and their function.

Course Content

Theories of corporate economics, old and new institutional economics, property rights theories and contract theories, governance structures and dynamics of institutions, cooperation between firms and public failures...

Name of Lecturer(s)
Learning Outcomes
1.Learns the concepts of institutional economics.
2.Can define institutional economic models and theories.
3.It analyzes the relations between firms, markets and governments within the institutional framework.
4.Can follow the institutional economics literature.
5.It can produce institutional solutions.
Recommended or Required Reading
1.John GROENEWEGEN, Antoon SPITHOVEN, Annette Van den BERG - Institutional Economics: An Introduction, Palgrave Macmillan.
2.Bernard CHAVANCE - Kurumsal İktisat, İletişim Yayınları.
3.Hüseyin ÖZALP - Kurumsal İktisat, Teknoloji ve Ekonomik Performans, Efil Yayınevi.
Weekly Detailed Course Contents
Week 1 - Theoretical
Introduction to transaction costs
Week 2 - Theoretical
Topics of Institutional economics and theories
Week 3 - Theoretical
Old institutional economics: Veblen and Commons
Week 4 - Theoretical
New Institutional economics: North
Week 5 - Theoretical
Property rights theory
Week 6 - Theoretical
Contract theories
Week 7 - Theoretical
Transaction cost theory of governance structures
Week 8 - Theoretical
Dynamics of institutions
Week 9 - Intermediate Exam
Midterm Examination
Week 10 - Theoretical
Markets
Week 11 - Theoretical
Firms
Week 12 - Theoretical
Cooperation between firms
Week 13 - Theoretical
State intervention
Week 14 - Theoretical
Government failures
Week 15 - Theoretical
General evaluation
Week 16 - Intermediate Exam
Final Examination
Assessment Methods and Criteria
Type of AssessmentCountPercent
Midterm Examination1%30
Final Examination1%70
Workload Calculation
ActivitiesCountPreparationTimeTotal Work Load (hours)
Lecture - Theory140342
Individual Work140228
Midterm Examination123225
Final Examination128230
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
PÇ-8
PÇ-9
PÇ-10
PÇ-11
PÇ-12
PÇ-13
PÇ-14
PÇ-15
OÇ-1
3
2
3
2
3
3
3
2
OÇ-2
4
3
4
3
2
2
2
2
OÇ-3
3
3
3
3
3
3
3
3
OÇ-4
2
2
2
2
2
2
2
2
OÇ-5
3
2
3
2
3
2
3
2
Adnan Menderes University - Information Package / Course Catalogue
2026