BUSINESS ADMINISTRATION
Bachelor TR-NQF-HE: Level 6 QF-EHEA: First Cycle EQF-LLL: Level 6

Course Introduction and Application Information

Course Code Course Name Semester Theoretical Practical Credit ECTS
ECO3575 Education Economics Spring 3 0 3 6
The course opens with the approval of the Department at the beginning of each semester

Basic information

Language of instruction: En
Type of course: Departmental Elective
Course Level: Bachelor
Mode of Delivery: Hybrid
Course Coordinator : Assoc. Prof. BÜLENT ANIL
Course Objectives: To introduce students to economics of education with a special focus on the education system in Turkey from a comparative perspective.

Learning Outputs

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.

Course Content

In this course, students will focus on the theories of human capital accumulation and education production framework focusing on the education system in Turkey.

Weekly Detailed Course Contents

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

Sources

Course Notes:
References:

Evaluation System

Semester Requirements Number of Activities Level of Contribution
Attendance 14 % 10
Laboratory % 0
Application % 0
Field Work % 0
Special Course Internship (Work Placement) % 0
Quizzes % 0
Homework Assignments % 0
Presentation % 0
Project % 0
Seminar % 0
Midterms 1 % 40
Preliminary Jury % 0
Final 1 % 50
Paper Submission % 0
Jury % 0
Bütünleme % 0
Total % 100
PERCENTAGE OF SEMESTER WORK % 50
PERCENTAGE OF FINAL WORK % 50
Total % 100

ECTS / Workload Table

Activities Number of Activities Workload
Course Hours 14 40
Laboratory
Application
Special Course Internship (Work Placement)
Field Work
Study Hours Out of Class
Presentations / Seminar
Project
Homework Assignments
Quizzes
Preliminary Jury
Midterms 1 1
Paper Submission
Jury
Final 1 1
Total Workload 42

Contribution of Learning Outcomes to Programme Outcomes

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