ECONOMICS AND FINANCE | |||||
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 |
The course opens with the approval of the Department at the beginning of each semester |
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. |
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: | |
References: |
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 |
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 |
No Effect | 1 Lowest | 2 Low | 3 Average | 4 High | 5 Highest |
Program Outcomes | Level of Contribution | |
1) | Build up a body of knowledge in mathematics and statistics, to use them, to understand how the mechanism of economy –both at micro and macro levels – works. | |
2) | Understand the common as well as distinctive characters of the markets, industries, market regulations and policies. | |
3) | Develop an awareness of different approaches to the economic events and why and how those approaches have been formed through the Economic History and understand the differences among those approaches by noticing at what extent they could explain the economic events. | |
4) | Analyze the interventions of politics to the economics and vice versa. | |
5) | Apply the economic analysis to everyday economic problems and evaluate the policy proposals for those problems by comparing opposite approaches. | |
6) | Understand current and new economic events and how the new approaches to the economics are formed and evaluating. | |
7) | Develop the communicative skills in order to explain the specific economic issues/events written, spoken and graphical form. | |
8) | Know how to formulate the economics problems and issues and define the solutions in a well-formed written form, which includes the hypothesis, literature, methodology and results / empirical evidence. | |
9) | Demonstrate the quantitative and qualitative capabilities and provide evidence for the hypotheses and economic arguments. | |
10) | Understand the information and changes related to the economy by using a foreign language and communicate with colleagues. |