Economics and Finance(English) | |||||
Bachelor | TR-NQF-HE: Level 6 | QF-EHEA: First Cycle | EQF-LLL: Level 6 |
Course Code: | FNCE421 | ||||||||
Course Name: | Turkish Economy | ||||||||
Course Semester: |
Spring |
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Course Credits: |
|
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Language of instruction: | EN | ||||||||
Course Requisites: | |||||||||
Does the Course Require Work Experience?: | No | ||||||||
Type of course: | Department Elective | ||||||||
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) Explain the advances in the area of economics and finance within the framework of scientific methodology, theories and models. | ||||||||
2) Employ the appropriate tools and analytical techniques to collect and analyze quantitative and qualitative data in the related areas, interpret results and propose solutions. | ||||||||
3) Explain the evolution of financial markets and institutions in a historical context and define how they operate. | ||||||||
4) Recognise the basic principles and regulations in the financial sector. | ||||||||
5) Discover and create entrepreneurial opportunities to successfully establish and develop their own ventures. | ||||||||
6) Recognise, interpret and discuss the current economic issues both at the national and global levels. | ||||||||
7) Have the English proficiency in following and interpreting the developments in the areas of economics and finance and in conducting written and oral communication. | ||||||||
8) Express the role of international capital markets in the global economy; accordingly define the concept of risk in terms of measurement and management. | ||||||||
9) Identify standards of personal, professional, social and business ethics, evaluate the ethical implications of various practices in the related areas, and be aware the importance of ethical behavior in adding value to the society. |
No Effect | 1 Lowest | 2 Low | 3 Average | 4 High | 5 Highest |
Program Outcomes | Level of Contribution | |
1) | Explain the advances in the area of economics and finance within the framework of scientific methodology, theories and models. | 5 |
2) | Employ the appropriate tools and analytical techniques to collect and analyze quantitative and qualitative data in the related areas, interpret results and propose solutions. | 5 |
3) | Explain the evolution of financial markets and institutions in a historical context and define how they operate. | 4 |
4) | Recognise the basic principles and regulations in the financial sector. | 3 |
5) | Discover and create entrepreneurial opportunities to successfully establish and develop their own ventures. | 2 |
6) | Recognise, interpret and discuss the current economic issues both at the national and global levels. | 5 |
7) | Have the English proficiency in following and interpreting the developments in the areas of economics and finance and in conducting written and oral communication. | 3 |
8) | Express the role of international capital markets in the global economy; accordingly define the concept of risk in terms of measurement and management. | 4 |
9) | Identify standards of personal, professional, social and business ethics, evaluate the ethical implications of various practices in the related areas, and be aware the importance of ethical behavior in adding value to the society. | 2 |
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 |