| School/Faculty/Institute | Faculty of Economics, Administrative and Social Sciences | ||||
| Course Code | ECON 349 | ||||
| Course Title in English | Regional Economics | ||||
| Course Title in Turkish | Bölgesel İktisat | ||||
| Language of Instruction | EN | ||||
| Type of Course | Flipped Classroom | ||||
| Level of Course | Advanced | ||||
| Semester | Fall | ||||
| Contact Hours per Week |
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| Estimated Student Workload | 125 hours per semester | ||||
| Number of Credits | 5 ECTS | ||||
| Grading Mode | Standard Letter Grade | ||||
| Pre-requisites |
ECON 101 - Microeconomics ECON 102 - Macroeconomics |
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| Co-requisites | None | ||||
| Expected Prior Knowledge | Basic knowledge of microeconomics or macroeconomics | ||||
| Registration Restrictions | Only undergraduate students | ||||
| Overall Educational Objective | Learn the basics of regional and urban economics by examining how consumers and producers interact at the most local level and understand how local economic environment affects the decision of the individuals and firms. | ||||
| Course Description | This course aims to cover the fundamental issues in regional economics. Location decisions of individuals and economic actors are going to be discussed by referring the historical origins of location theory as well as recent advances in new economic geography. Moreover, discussions on the use of applied methods in regional science is going to be explained in order to encourage students to apply descriptive and analytical models. Additionally, contemporary issues in regional, spatial and urban economics are going to be highlighted within the course. |
Course Learning Outcomes and CompetencesUpon successful completion of the course, the learner is expected to be able to:1) Discuss location decisions and to link historical origins of inequalities with recent advances in urban economics, international trade and new economic geography 2) Evaluate spatial interactions and its importance for designing regional policies 3) Use descriptive and analytical tools of regional and spatial economics 4) Discuss the roots of regional disparities and its link with overall economic development and prosperity 5) Discuss the economic policy from the side of inclusiveness of economic development and growth. |
| Program Learning Outcomes/Course Learning Outcomes | 1 | 2 | 3 | 4 | 5 |
|---|---|---|---|---|---|
| 1) Has a broad understanding of economics with a deep exposure to other social sciences and mathematics. | |||||
| 2) Demonstrates knowledge and skills in understanding the interactions of different areas of economics. | |||||
| 3) Displays a sound comprehension of microeconomic and macroeconomic theory. | |||||
| 4) Applies economic concepts to solve complex problems and enhance decision-making capability. | |||||
| 5) Uses quantitative techniques to analyze different economic systems. | |||||
| 6) Applies theoretical knowledge to analyze issues regarding Turkish and global economies. | |||||
| 7) Demonstrates proficiency in statistical tools and mainstream software programs to process and evaluate economic data. | |||||
| 8) Behaves according to scientific and ethical values at all stages of economic analysis: data collection, interpretation and dissemination of findings. | |||||
| 9) Uses written and spoken English effectively (at least CEFR B2 level) to exchange scientific information. | |||||
| 10) Exhibits individual and professional ethical behavior and social responsibility. | |||||
| 11) Displays learning skills necessary for further study with a high degree of autonomy |
| N None | S Supportive | H Highly Related |
| Program Outcomes and Competences | Level | Assessed by | |
| 1) | Has a broad understanding of economics with a deep exposure to other social sciences and mathematics. | S | Project |
| 2) | Demonstrates knowledge and skills in understanding the interactions of different areas of economics. | H | Exam,Project |
| 3) | Displays a sound comprehension of microeconomic and macroeconomic theory. | H | Exam |
| 4) | Applies economic concepts to solve complex problems and enhance decision-making capability. | S | Exam,Project |
| 5) | Uses quantitative techniques to analyze different economic systems. | S | Project |
| 6) | Applies theoretical knowledge to analyze issues regarding Turkish and global economies. | H | Project |
| 7) | Demonstrates proficiency in statistical tools and mainstream software programs to process and evaluate economic data. | H | Project |
| 8) | Behaves according to scientific and ethical values at all stages of economic analysis: data collection, interpretation and dissemination of findings. | S | Project |
| 9) | Uses written and spoken English effectively (at least CEFR B2 level) to exchange scientific information. | S | Exam,Project |
| 10) | Exhibits individual and professional ethical behavior and social responsibility. | S | Project |
| 11) | Displays learning skills necessary for further study with a high degree of autonomy | H | Project |
| Prepared by and Date | BURHAN CAN KARAHASAN , November 2023 |
| Course Coordinator | BURHAN CAN KARAHASAN |
| Semester | Fall |
| Name of Instructor | Prof. Dr. BURHAN CAN KARAHASAN |
| Week | Subject |
| 1) | Introduction |
| 2) | Location of Theory: Individual and Industrial decisions |
| 3) | Spatial Analysis of Economic Activity |
| 4) | City size, Urban Growth, Spatial Structure of Urban Economics |
| 5) | Spatial Inequalities and Regional Analysis of Trade and Specialization |
| 6) | International Trade and the Rise of New Economics of Geography |
| 7) | Midterm |
| 8) | Regional Integration and Labor Market Analysis |
| 9) | Regional Growth Analysis and Theoretical Background |
| 10) | Regional Growth Analysis and Empirical Foundations |
| 11) | Regional Growth, International Economics and Economic Development Policies |
| 12) | Urbanization and the Rise of Cities in the Modern World |
| 13) | Special Topics in Urban Economics: Urban Growth and Economic Policy |
| 14) | Special Topics in Urban Economics: Education, Health, Crime, Transportation |
| 15) | Final examination period |
| 16) | Final examination period |
| Required/Recommended Readings | - Modern Urban and Regional Economics, 2nd Edition, Philip McCann, Oxford University Press. - A required reading list for the course will be distributed at the beginning of the term. - Urban Economics, A. O'Sullivan, 8th Edition, McGraw Hill | |||||||||||||||
| Teaching Methods | Flipped Learning | |||||||||||||||
| Homework and Projects | Term project (one) | |||||||||||||||
| Laboratory Work | None | |||||||||||||||
| Computer Use | Yes - project, presentation, analyses etc. | |||||||||||||||
| Other Activities | None | |||||||||||||||
| Assessment Methods |
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| Course Administration |
karahasanb@mef.edu.tr Prof. Dr. Burhan Can Karahasan Each week a three hour lecture will be done. Lecture materials (ppts., readings and videos) will be distributed digitally before the related lecture. Students are expected to work with these materials before the lecture. Active lecture discussion will be carried out based on the assigned materials. Additional lecture works and related requirements will be available in the course syllabus. |
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| Activity | No/Weeks | Hours | Calculation | ||||
| No/Weeks per Semester | Preparing for the Activity | Spent in the Activity Itself | Completing the Activity Requirements | ||||
| Course Hours | 14 | 2 | 3 | 1 | 84 | ||
| Project | 1 | 12 | 1 | 13 | |||
| Midterm(s) | 1 | 10 | 2 | 12 | |||
| Final Examination | 1 | 14 | 2 | 16 | |||
| Total Workload | 125 | ||||||
| Total Workload/25 | 5.0 | ||||||
| ECTS | 5 | ||||||