Business Administration (English)
Bachelor	TR-NQF-HE: Level 6	QF-EHEA: First Cycle	EQF-LLL: Level 6

General course introduction information

Course Code:

FNCE421

Course Name:

Turkish Economy

Course Semester:

Fall

Course Credits:

Theoretical	Practical	Credit	ECTS
3	0	3	6

Language of instruction:

Course Requisites:

Does the Course Require Work Experience?:

Type of course:

Faculty Elective

Course Level:

Bachelor

TR-NQF-HE:6. Master`s Degree

QF-EHEA:First Cycle

EQF-LLL:6. Master`s Degree

Mode of Delivery:

Face to face

Course Coordinator :

Prof. Dr. AYLİN SOYDAN

Course Lecturer(s):

Prof. Dr. AYLİN SOYDAN

Course Assistants:

Course Objective and Content

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.

Learning Outcomes

The students who have succeeded in this course;

Learning Outcomes

1 - Knowledge
Theoretical - Conceptual
1) Identify major transformations and significant social and political events and distinguish between the periods of the Turkish economy from the late Ottoman period until the 2020s;
2) Recognise the historical, social and political origins of the current structural problems of the Turkish economy;
3) Relate developments in the Turkish economy to major transformations in the world economy and explain changing nature of the economic integration process with the world from a historical perspective;
4) Analyse and compare the consequences of economic policies that have been employed in the Turkish economy.
2 - Skills
Cognitive - Practical
3 - Competences
Communication and Social Competence
Learning Competence
Field Specific Competence
Competence to Work Independently and Take Responsibility

Lesson Plan

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

Sources

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

Course-Program Learning Outcome Relationship

Learning Outcomes	1	2	3	4
Program Outcomes
1) Explain the essential body of knowledge in the area of business administration, including evolution of the discipline, the state-of-the-art concepts, 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) Recognize the importance of technological development, especially in information technologies, and utilize them in business administration
4) Evaluate the body of knowledge in the dynamic business world and business functional areas to asses needs, manage and lead change by using critical and innovative thinking
5) Discover and create entrepreneurial opportunities and expertise to successfully establish and develop their own ventures
6) Fulfill their responsibility in teamwork and projects in businesses, and act as a leader
7) Communicate in written and oral English with people from diverse backgrounds, and have the English proficiency to follow and interpret the global dynamics in the areas of business administration
8) Recognize individual and multi-cultural diversity, and can emphatically interact with individuals from diverse cultural backgrounds in social and professional settings
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
10) Recognize interrelationship among business and other disciplines, and relate knowledge from diverse areas to formulate novel solutions in the area of business administration

Course - Learning Outcome Relationship

No Effect	1 Lowest	2 Low	3 Average	4 High	5 Highest

	Program Outcomes	Level of Contribution
1)	Explain the essential body of knowledge in the area of business administration, including evolution of the discipline, the state-of-the-art concepts, 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)	Recognize the importance of technological development, especially in information technologies, and utilize them in business administration
4)	Evaluate the body of knowledge in the dynamic business world and business functional areas to asses needs, manage and lead change by using critical and innovative thinking
5)	Discover and create entrepreneurial opportunities and expertise to successfully establish and develop their own ventures
6)	Fulfill their responsibility in teamwork and projects in businesses, and act as a leader
7)	Communicate in written and oral English with people from diverse backgrounds, and have the English proficiency to follow and interpret the global dynamics in the areas of business administration
8)	Recognize individual and multi-cultural diversity, and can emphatically interact with individuals from diverse cultural backgrounds in social and professional settings
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
10)	Recognize interrelationship among business and other disciplines, and relate knowledge from diverse areas to formulate novel solutions in the area of business administration

Learning Activity and Teaching Methods

Field Study
Peer Review
Expression
Individual study and homework
Lesson
Reading
Homework
Project preparation
Q&A / Discussion
Web Based Learning

Assessment & Grading Methods and Criteria

Written Exam (Open-ended questions, multiple choice, true-false, matching, fill in the blanks, sequencing)
Oral Examination
Homework
Observation

Assessment & Grading

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

Workload and ECTS Credit Grading

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