Turkish Economy

Course Code:

ECON 422

Course Period:

Spring

Course Type:

Core

P:

3

Application:

0

Credits:

3

ECTS:

7

Prerequisite Courses:

Macroeconomics

Course Language:

İngilizce

Course Coordinator:

Ebru Tomris Aydoğan

Courses given by:

Ebru Tomris Aydoğan

Course Objectives:

The major objective of the course is to increase the student’s knowledge and understanding of the Turkish economy. At the end of the course, it is hoped that the student will have the ability to reason accurately and objectively about the economic matters in Turkey, and the world. Another objective is to give a development economics perspective to the students.

Course Content:

This course is designed to discuss the growth and development dynamics of the Turkish economy. The basic turning points of the Turkish economic history will be examined in the first half of the course. The remaining half will analyze the sectors and some current topics and policy issues of the Turkish economy. Macroeconomic data, economic reforms and the effects of recent global crises on Turkey will be the focus of this course. The economics conditions of the developing countries from Latin America and East Asia will be analyzed, and compared to Turkey’s economic development and situation throughout the course. Current issues such as, macroeconomic stability and economic reforms, privatization and regulation will be covered. Capital flows, financial globalization, and foreign direct investment of the Turkish economy will be examined. The trade policy, income distribution, poverty, unemployment and the informal sector in Turkey will be analyzed.

Course Methodology:

1: Lecture, 2: Question-Answer, 3: Discussion, 12: Case Study

Course Evaluation Methods:

A: Testing, B: Experiment, C: Homework, Q: Quiz

Vertical Tabs

Course Learning Outcomes

Learning Outcomes	Program Learning Outcomes	Teaching Methods	Assessment Methods
To analyze the developments in the world and Turkish economy	1, 4, 5, 6, 7	1, 2, 3, 12	A, C
To learn the development and growth policies and applications of the Turkish economy	1, 2, 5, 6, 7	1, 2, 3, 12	A, C
To acquire the ability of interpreting and analyzing the results of the research related to the Turkish economy.	1, 2, 3, 4, 5	1, 2, 3, 12	A, C
To understand the problems of the Turkish economy and discuss the necessary changes and policies	1, 4, 5, 6, 7	1, 2, 3, 12	A, C
To compare Turkey with similar countries and examine the case studies	1, 2, 5, 6, 7	1, 2, 3, 12	A, C
To analyze how the Turkish economy is affected by the changes in the world	1, 2, 3, 4, 5	1, 2, 3, 12	A, C

Course Flow

Week	Topics	Study Materials
1	Introduction to Turkish Economy
2	Historical Development of Turkish Economy
3	First and Second Five Year Industrialization Programs
4	The Structure of Turkish Economy and Industrialization Policy
5	Planned Economic Development Era in Turkey
6	Industrialization Policy in the post-1980s and Growth of Major Sectors
7	Monetary and Fiscal Policies in Turkey
8	MIDTERM
9	Financial and Trade Liberalization Policy and Structural Adjustment in Turkey
10	The Role of Growth of Public Sector in Turkey
11	Privatization Policy
12	External Trade Policy and Turkey’s Economic Relations with the EU
13	Macroeconomics Performance in Turkey
14	IMF Monitored Program and Recent Economic Developments in Turkey

Recommended Sources

Textbook		1) William Hale, 1982, The Political and Economic Development of Modern Turkey, London, Croom-Helm. 2) Yakup Kepenek, and Nurdan Yentürk, 2000, Türkiye ekonomisi, 10th edition, Remzi Kitabevi.
Additional Resources		The World Bank, the International Monetary Fund, the United Nations, the United Nations Development Program, World Institute for Development Economics Research etc.

Material Sharing

Documents		A number of articles will be handed out throughout the term.
Assignments		To be given throughout the term.
Exams		The performance of the students will be determined by three written exams (two term exams and a final).

Assessment

IN-TERM STUDIES	NUMBER	PERCENTAGE
Mid-terms	1	50
Quizzes (attendance, presentation, etc.)	-	-
Final	1	50
	Total	100
Contribution of Final Examination to Overall Grade		50
Contribution of In-Term Studies to Overall Grade		50
	Total	100

Course’s Contribution to Program

No	Program Learning Outcomes	Contribution
		1	2	3	4	5
1	Students can keep themselves informed and analyze the current economic development in Turkey and in the world from an international political economy perspective paying a particular attention to the interaction of the Turkish economy with the global economy.					X
2	Being aware of the development and accumulation of economic thought, students can master qualitative and quantitative knowledge and methods to test various economic theories that can be applied to the analysis of the current economic problems.					X
3	Students can use statistical and econometric analyses by learning how to use information technologies that have validity and widespread use in the field of economics.				X
4	By learning how to learn in the field of economics, students can research and work individually or as a team using the Turkish and English academic resources.					X
5	Being aware of the ethical values, students know the individual, social and ecological dimensions of the concept of social responsibility and can prove that they understand the active citizenship duty that falls upon them within this framework.					X
6	Students can clearly express, present and share their knowledge, the outcomes of their studies, their ideas and comments to people in their field or other disciplines/units using the necessary data, in national and international academic and professional environments, in Turkish or English.					X
7	Students can show that understanding the universality of social rights and the concepts of social justice, which form the basis of the modern societies, and the importance of scientific perspective, which is necessary to the social development and global competitiveness.					X

ECTS

Activities	Quantity	Duration (Hour)	Total Workload (Hour)
Course Duration (Including the Exam Week: 15 x total course hours)	15	3	45
Hours for off-the-classroom study (Pre-study, practice)	15	6	90
Mid-terms	2	5	10
Quizzes (attendance, presentation, etc.)	0	0	0
Assignments	5	3	15
Final Examination	1	20	20
Total Work Load			180
Total Work Load / 25 (s)			7,2
ECTS Credit of the Course			7

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