BUSINESS ADMINISTRATION | |||||
Bachelor | TR-NQF-HE: Level 6 | QF-EHEA: First Cycle | EQF-LLL: Level 6 |
Course Code | Course Name | Semester | Theoretical | Practical | Credit | ECTS |
ECO3575 | Education Economics | Spring | 3 | 0 | 3 | 6 |
This catalog is for information purposes. Course status is determined by the relevant department at the beginning of semester. |
Language of instruction: | English |
Type of course: | Departmental Elective |
Course Level: | Bachelor’s Degree (First Cycle) |
Mode of Delivery: | Hybrid |
Course Coordinator : | Assoc. Prof. BÜLENT ANIL |
Course Lecturer(s): |
Assoc. Prof. BÜLENT ANIL |
Recommended Optional Program Components: | None |
Course Objectives: | To introduce students to economics of education with a special focus on the education system in Turkey from a comparative perspective. |
The students who have succeeded in this course; 1. Understand the decision to invest in education, i.e. human capital accumulation. 2. Learn the possible ways of quantifying the returns to education based on a Mincerian wage regression. 3. Analyse the potential biases, such as ability bias and selection bias in estimating returns to education. 4. Understand the positive externalities associated with education. 5. Learn who to quantify the externalities in education, i.e. the social returns to education. 6. Study student achievement and its determinants such as socioeconomic background, gender and ethnic background 7. Investigate and analyse the effects of early education 8. Analyse the role of peer effects 9. Learn about intergenerational dependency in economics and why education may provide an essential policy instrument. |
In this course, students will focus on the theories of human capital accumulation and education production framework focusing on the education system in Turkey. |
Week | Subject | Related Preparation |
1) | Introduction to education economics | |
2) | Theories of human capital accumulation: dynamic optimisation | |
3) | Theories of human capital accumulation: Signalling model | |
4) | Estimating the returns to education: Mincerian wage regression | |
5) | The positive externalities in education and the estimation of social returns | |
6) | Ability bias and selection bias in estimating the returns to education | |
7) | Natural experiments and their use in the measurement of the returns to education | |
8) | The effects of education on children's outcomes and achievement | |
9) | The role of parents, socioeconomic background and the education system in children's achievement | |
10) | The determinants of children's achievement in Turkey. PISA results | |
11) | The role of early childhood education on children's achievement | |
12) | The role of peer effects in student's achievements | |
13) | The mechanisms of intergenerational transmission and the effects of education | |
14) | Review of the course material and preparation for the final exam |
Course Notes / Textbooks: | |
References: |
Semester Requirements | Number of Activities | Level of Contribution |
Attendance | 14 | % 10 |
Midterms | 1 | % 40 |
Final | 1 | % 50 |
Total | % 100 | |
PERCENTAGE OF SEMESTER WORK | % 50 | |
PERCENTAGE OF FINAL WORK | % 50 | |
Total | % 100 |
Activities | Number of Activities | Workload |
Course Hours | 14 | 40 |
Midterms | 1 | 1 |
Final | 1 | 1 |
Total Workload | 42 |
No Effect | 1 Lowest | 2 Low | 3 Average | 4 High | 5 Highest |
Program Outcomes | Level of Contribution | |
1) | Being able to identify problems and ask right questions | |
2) | Having problem solving skills and developing necessary analytical attitude | |
3) | Comprehending theoretical arguments along with counter arguments in detail | |
4) | Gaining awareness of lifelong learning and being qualified for pursuing graduate education | |
5) | Applying theoretical concepts in project planning | |
6) | Communicating efficiently by accepting differences and carrying out compatible teamwork | |
7) | Increasing efficiency rate in business environment | |
8) | Developing innovative and creative solutions in face of uncertainty | |
9) | Researching to gather information for understanding current threats and opportunities in business | |
10) | Being aware of the effects of globalization on society and business while deciding | |
11) | Possessing digital competence and utilizing necessary technology | |
12) | Communicating in at least one foreign language in academic and daily life | |
13) | Possessing managing skills and competence | |
14) | Deciding with the awareness of the legal and ethical consequences of business operations | |
15) | Expressing opinions that are built through critical thinking process in business and academic environment |