Industrial Engineering | |||||
Bachelor | TR-NQF-HE: Level 6 | QF-EHEA: First Cycle | EQF-LLL: Level 6 |
Course Code: | FNCE421 | ||||||||
Course Name: | Turkish Economy | ||||||||
Course Semester: | Fall | ||||||||
Course Credits: |
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Language of instruction: | EN | ||||||||
Course Requisites: | |||||||||
Does the Course Require Work Experience?: | No | ||||||||
Type of course: | Compulsory | ||||||||
Course Level: |
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Mode of Delivery: | Face to face | ||||||||
Course Coordinator : | Prof. Dr. AYLİN SOYDAN | ||||||||
Course Lecturer(s): |
Prof. Dr. AYLİN SOYDAN |
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Course Assistants: |
Course Objectives: | The purpose of this course is to provide students a general view of the Turkish economy within a historical context. Dynamics and main issues of the Turkish economy will be dealt with from a historical and analytical perspective. |
Course Content: | The course content constitutes of the economic conditions and policies in the late-Ottoman period, establishment of the Turkish Republic, Great Depression years, protectionist policies and ‘etatism’ in the 1930s, Second World War period, reconstruction period after the war and Turkey’s integration with the world economy, economic planning and import-substitution model in the 1960s, economic stagnation and foreign debt crisis in the 1970s, new economic programme in the 1980s, trade liberalisation, financial liberalisation, the economic crises from the 1990s onwards, the 2007-9 crisis and its implications for the economy; the impact of the Covid-19 crisis and current issues. |
The students who have succeeded in this course;
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Week | Subject | Related Preparation |
1) | Introduction to the ‘Turkish Economy’ | none |
2) | Legacy of the Ottoman Empire and First Years of the Republic | reading, video |
3) | Great Depression – Protecitonist Policies and Etatism | reading, video |
4) | WWII and Integration with the World Economy After the War | reading, video |
5) | Economic Planning and Import-Substitution Model in the 1960s | redaing, video |
6) | Economic Crisis in the 1970s | reading, video |
7) | Structural Change in the Turkish Economy: 24th January 1980 | reading, video |
8) | Trade Liberalisation and Exports-Led Growth (1980-1988) | reading, video |
9) | Financial Liberalisalisation and Beyond (1989-1997) | reading, video |
10) | Towards the 2000-2001 Crisis and the Post-Crisis Period | reading, video |
12) | Turkish Economy in the 2008 Crisis | reading |
13) | The Covid-19 Pandemic and Current State of the Turkish Economy | reading |
14) | Revision | reading |
15) | FINAL EXAM | reading |
Course Notes / Textbooks: | Boratav, K. (2018). Türkiye İktisat Tarihi, 24th ed, Istanbul: İmge Yayınevi. Kepenek, Y. (2011). Development and the Structure of the Turkish Economy, Ankara: METU Press. |
References: | Boratav, K. (2018). Türkiye İktisat Tarihi, 24th ed, Istanbul: İmge Yayınevi. Kepenek, Y. (2011). Development and the Structure of the Turkish Economy, Ankara: METU Press. An updated reading-list comprising book chapters and articles will be provided. Video - "Sanayi" prepared by Istanbul Chamber of Industry |
Learning Outcomes | 1 |
2 |
3 |
4 |
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Program Outcomes | ||||||||||
1) Adequate knowledge in mathematics, science and engineering subjects pertaining to the relevant discipline; ability to use theoretical and applied information in these areas to model and solve engineering problems. | ||||||||||
2) Ability to identify, formulate, and solve complex engineering problems; ability to select and apply proper analysis and modelling methods for this purpose. | ||||||||||
3) Ability to design a complex system, process, device or product under realistic constraints and conditions, in such a way so as to meet the desired result; ability to apply modern design methods for this purpose. (Realistic constraints and conditions may include factors such as economic and environmental issues, sustainability, manufacturability, ethics, health, safety issues, and social and political issues according to the nature of the design.) | ||||||||||
4) Ability to devise, select, and use modern techniques and tools needed for engineering practice; ability to employ information technologies effectively. | ||||||||||
5) Ability to design and conduct experiments, gather data, analyse and interpret results for investigating engineering problems. | ||||||||||
6) Ability to work efficiently in intra-disciplinary and multi-disciplinary teams; ability to work individually. | ||||||||||
7) Ability to communicate effectively i Turkish, both orally and in writing; knowledge of a minimum of one foreign language. | ||||||||||
8) Recognition of the need for lifelong learning; ability to access information, to follow developments in science and technology, and to continue to educate him/herself. | ||||||||||
9) Awareness of professional and ethical responsibility. | ||||||||||
10) Information about business life practices such as project management, risk management, and change management; awareness of entrepreneurship, innovation, and sustainable development. | ||||||||||
11) Knowledge about contemporary issues and the global and societal effects of engineering practices on health, environment, and safety; awareness of the legal consequences of engineering solutions. |
No Effect | 1 Lowest | 2 Low | 3 Average | 4 High | 5 Highest |
Program Outcomes | Level of Contribution | |
1) | Adequate knowledge in mathematics, science and engineering subjects pertaining to the relevant discipline; ability to use theoretical and applied information in these areas to model and solve engineering problems. | |
2) | Ability to identify, formulate, and solve complex engineering problems; ability to select and apply proper analysis and modelling methods for this purpose. | |
3) | Ability to design a complex system, process, device or product under realistic constraints and conditions, in such a way so as to meet the desired result; ability to apply modern design methods for this purpose. (Realistic constraints and conditions may include factors such as economic and environmental issues, sustainability, manufacturability, ethics, health, safety issues, and social and political issues according to the nature of the design.) | |
4) | Ability to devise, select, and use modern techniques and tools needed for engineering practice; ability to employ information technologies effectively. | |
5) | Ability to design and conduct experiments, gather data, analyse and interpret results for investigating engineering problems. | |
6) | Ability to work efficiently in intra-disciplinary and multi-disciplinary teams; ability to work individually. | |
7) | Ability to communicate effectively i Turkish, both orally and in writing; knowledge of a minimum of one foreign language. | |
8) | Recognition of the need for lifelong learning; ability to access information, to follow developments in science and technology, and to continue to educate him/herself. | |
9) | Awareness of professional and ethical responsibility. | |
10) | Information about business life practices such as project management, risk management, and change management; awareness of entrepreneurship, innovation, and sustainable development. | |
11) | Knowledge about contemporary issues and the global and societal effects of engineering practices on health, environment, and safety; awareness of the legal consequences of engineering solutions. |
Field Study | |
Peer Review | |
Expression | |
Individual study and homework | |
Lesson | |
Reading | |
Homework | |
Project preparation | |
Q&A / Discussion | |
Web Based Learning |
Written Exam (Open-ended questions, multiple choice, true-false, matching, fill in the blanks, sequencing) | |
Oral Examination | |
Homework | |
Observation |
Semester Requirements | Number of Activities | Level of Contribution |
Attendance | 14 | % 10 |
Quizzes | 3 | % 10 |
Homework Assignments | 5 | % 10 |
Midterms | 1 | % 30 |
Final | 1 | % 40 |
total | % 100 | |
PERCENTAGE OF SEMESTER WORK | % 60 | |
PERCENTAGE OF FINAL WORK | % 40 | |
total | % 100 |
Activities | Number of Activities | Workload |
Course Hours | 14 | 42 |
Study Hours Out of Class | 16 | 82 |
Project | 1 | 12 |
Homework Assignments | 15 | 30 |
Midterms | 1 | 1 |
Final | 1 | 2 |
Total Workload | 169 |