COURSE UNIT TITLE

: CURRENT TOPICS IN TURKISH ECONOMY

Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS
ECN 5058 CURRENT TOPICS IN TURKISH ECONOMY ELECTIVE 3 0 0 6

Offered By

Economics (English)

Level of Course Unit

Second Cycle Programmes (Master's Degree)

Course Coordinator

PROFESSOR EMINE SEDEF AKGÜNGÖR

Offered to

Economics (English)

Course Objective

This course reviews the current state of the Turkish economy with a specific emphasis on its history and structural and institutional change. A broad account of the Ottoman economic legacy, pre-and post-Great Depression Turkish economy, different policies of the pre-liberalization era, and the economic developments during the period between 1980 and present are the subjects that will be covered during the semester to provide a basis to understand the current state of the Turkish economy.

Learning Outcomes of the Course Unit

1   On successful completion of this course, students will be able to judge the structural and institutional change in the Turkish economy over the last 200 years.
2   Students will be able to discuss the current problems and opportunities of the Turkish economy.
3   Students will be able to identify the major actors and institutions of Turkish economy and their roles in the economic system of Turkey.
4   Students will be able to prepare a research paper on a relevant topic.
5   Students will be able to follow developments in Turkish economy in line with the developments in world economy.

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

None

Recomended Optional Programme Components

None

Course Contents

Week Subject Description
1 Introduction and the Legacy of the Ottoman Empire
2 National Economy and the 1920s
3 Great Depression and Etatism
4 Post World War II Adjustments
5 Import Substituting Industrialization and Crisis- 1960s and 1970s.
6 Period of Liberalization- 1980s and 1990s
7 Midterm
8 The Tale of Two Crises- 2000/2001 and 2007/2008
9 Current Situation in Turkish Economy
10 Student Presentations
11 Student Presentations
12 Student Presentations
13 Student Presentations
14 General Overview

Recomended or Required Reading

Kepenek, Yakup (2011). Development and Structure of the Turkish Economy. Ankara: METU Press.
Akyüz, Yılmaz and Korkut Boratav (2002). The Making of the Turkish Financial Crisis. United Nations Conference on Trade and Development Discussion Paper No: 158.
Sachs, Jeffrey D. (ed.) (1989) Developing Country Debt and the World Economy. Chicago: The University of Chicago Press.
In addition to these sources weekly required reading list will be provided during the semester.

Planned Learning Activities and Teaching Methods

1. Lectures
2. Readings
3. Paper presentation

Assessment Methods

SORTING NUMBER SHORT CODE LONG CODE FORMULA
1 MTE MIDTERM EXAM
2 STT TERM WORK (SEMESTER)
3 FIN FINAL EXAM
4 FCG FINAL COURSE GRADE MTE * 0.30 + STT * 0.30 + FIN* 0.40
5 RST RESIT
6 FCGR FINAL COURSE GRADE (RESIT) MTE * 0.30 + STT * 0.30 + RST* 0.40


*** Resit Exam is Not Administered in Institutions Where Resit is not Applicable.

Further Notes About Assessment Methods

There will be two in-class (or take-home) examinations and students are expected to write a term paper. Students are expected to come up with a topic by the end of the third week of the semester.

Assessment Criteria

1. The student will demostrate understanding of current events in Turkish economy using relevant theoretical tools.
2. The student will demonstrate knowledge of the major actors and institutions in Turkish economy.
3. The student will be able to explain the different microeconomic, macroeconomic and international trade policy tools that have been applied/are being applied in Turkish economy together with their effects on the economy.
4. The student will possess advanced knowledge on the sectoral developments in Turkish economy.

Language of Instruction

English

Course Policies and Rules

1. Attending at least 70 percent of lectures is mandatory.
2. Plagiarism of any type will result in disciplinary action.

Contact Details for the Lecturer(s)

Dr. M. Erdem ÖZGÜR
Faculty of Business
Department of Economics
Office 233
Tel: 232 453 5042 / 18295

Office Hours

Monday 15:30-16:30
Wednesday 11:00-13:00

Work Placement(s)

None

Workload Calculation

Activities Number Time (hours) Total Work Load (hours)
Lectures 13 3 39
Preparations before/after weekly lectures 13 3 39
Preparation for midterm exam 1 16 16
Preparation for final exam 1 16 16
Preparing assignments 1 30 30
Midterm 1 2 2
Final 1 2 2
TOTAL WORKLOAD (hours) 144

Contribution of Learning Outcomes to Programme Outcomes

PO/LOPO.1PO.2PO.3PO.4PO.5PO.6PO.7PO.8PO.9PO.10
LO.1135
LO.21152
LO.352
LO.4123455
LO.5