GAZI UNIVERSITY INFORMATION PACKAGE - 2019 ACADEMIC YEAR

COURSE DESCRIPTION
ECONOMICS OF UNCERTAINTY/IKTI417
Course Title: ECONOMICS OF UNCERTAINTY
Credits 3 ECTS 5
Semester 7 Compulsory/Elective Elective
COURSE INFO
 -- LANGUAGE OF INSTRUCTION
  Turkish
 -- NAME OF LECTURER(S)
  Prof. Fahriye ÖZTÜRK
 -- WEB SITE(S) OF LECTURER(S)
  http://websitem.gazi.edu.tr/site/fahriye
 -- EMAIL(S) OF LECTURER(S)
  fahriye@gazi.edu.tr
 -- LEARNING OUTCOMES OF THE COURSE UNIT
Learning forms of behavior of economic agent on "Decision Making Under Certainty, Under Risk, Under Uncertainty and under Competition".
 -- MODE OF DELIVERY
  The mode of delivery of this course is Face to face
 -- PREREQUISITES AND CO-REQUISITES
  There is no prerequisite or co-requisite for this course.
 -- RECOMMENDED OPTIONAL PROGRAMME COMPONENTS
  There is no recommended optional programme component for this course.
 --COURSE CONTENT
1. Week  Introductory Lecture: General Conceptual Framework
2. Week  Decision, decision problem, decision criteria and decision-making processes
3. Week  General Conceptual Framework On Decision-Making Processes: Decision Making Under Certainty, Under Risk, Under Uncertainty and under Competition.
4. Week  The Expected Value Criterion and Decision Making Under Risk
5. Week   The Expected Value Criterion and Decision Making Under Uncertainty
6. Week  The Expected Value Criterion and Decision Making Under Uncertainty (Continue)
7. Week  The Expected Utility Criterion and Decision Making Under Risk
8. Week  Midterm
9. Week  The Expected Utility Criterion and Decision Making Under Uncertainty
10. Week  The Expected Utility Criterion And Decision Making Under Uncertainty (Continue)
11. Week  Decision Making Under Competition (Introduction To Game Theory)
12. Week  Types of Games and Forms of Representation
13. Week  Solutions of Problems in Game Theory (Zero-Sum Games)
14. Week  Solutions of Problems in Game Theory (Zero-Sum Games)(Continue)
15. Week   Solutions Of Problems in Game Theory (Non Zero-Sum Games)
16. Week  Applications of Game Theory in Economics
 -- RECOMMENDED OR REQUIRED READING
  ENÇ, Ercan (1993) Risk, Belirsizlik ve Rekabet ve İktisadi Karar KREPS, M. David, (1990) Game Theory and Economic Modelling, Oxford University Press. KREPS, M. David, (1998) Notes on The Theory of Choise, Westview press LECTURE NOTES
 -- PLANNED LEARNING ACTIVITIES AND TEACHING METHODS
  Lecture, Question & Answer,Practise
 -- WORK PLACEMENT(S)
  Not Applicable
 -- ASSESSMENT METHODS AND CRITERIA
 
Quantity
Percentage
 Mid-terms
1
40
 Assignment
0
0
 Exercises
0
0
 Projects
0
0
 Practice
0
0
 Quiz
0
0
 Contribution of In-term Studies to Overall Grade  
40
 Contribution of Final Examination to Overall Grade  
60
 -- WORKLOAD
 Efficiency  Total Week Count  Weekly Duration (in hour)  Total Workload in Semester
 Theoretical Study Hours of Course Per Week
15
3
45
 Practising Hours of Course Per Week
0
 Reading
15
2
30
 Searching in Internet and Library
11
1
11
 Designing and Applying Materials
0
 Preparing Reports
0
 Preparing Presentation
0
 Presentation
0
 Mid-Term and Studying for Mid-Term
6
3
18
 Final and Studying for Final
7
3
21
 Other
0
 TOTAL WORKLOAD: 
125
 TOTAL WORKLOAD / 25: 
5
 ECTS: 
5
 -- COURSE'S CONTRIBUTION TO PROGRAM
NO
 PROGRAM LEARNING OUTCOMES
1
2
3
4
5
1To have theoretical and practical knowledge about the fields of Economic Theory, Economic Development and International Economics, Economic History and Economic PolicyX
2To gain professional qualification to work in public institutions and private sector organizations as an inspector, assistant expert or auditorX
3To have knowledge about the other disciplines related to EconomicsX
4To have adequate social responsibility and awareness with regards to the needs of the society, and also to be aware of professional and scientific ethical codesX
5To have the experience of using information technologies and basic computer programs in order to share their accumulated knowledge and problem solving ability, and communicate with colleagues in a foreign languageX
6To have a knowledge of the quantitative and qualitative methods that will help to examine the premises of different theoriesX
7To be able to utilize the academic, professional, regional, and global networks efficiently, and to interpret the legislationX
8To be compatible for teamwork in order to use their accumulated knowledge in the national and the international research projectsX
9To have the ability to interpret economic and social events through the acquired capability to think analytically and critically, and to be open for innovative ideasX
10To be able to evaluate the practical implications of the knowledge about economic theoryX
11To be able to analyze the effects of international economic relationsX
12To evaluate the development of economic theories and economic problems from a historical perspectiveX
13To have knowledge about the effects of various economic policies in order to develop solutions for current economic problemsX