WORLD ECONOMICS

ECON414

Course Code: ECON414
Semester: -
Theory+Practice: 3 + 0
ECTS: 5

Course Type

Elective Course

Course Level

Bachelor's Degree

Year of Study

Semester

ECTS

Name of Lecturer(s)

Professor Hacı Ahmet Şahinöz

Learning Outcomes

At the end of this course, the students;

Grasp why economic development, or rather industrialization, appeared in the West in the world
Grasp why the Ottomans missed industrialization while Japan was catching up with the industrialization process
Examine the 19th century international free trade policies
Understand The Great World Economic Depression of 1929
Grasp the new international economic order led by the USA after World War II
Examine the formation of the global economy and the 2008 global financial crisis
Learn covid-19 era will learn about the world economy and future.

Mode of Delivery

Face to face

Prerequisites

Recommended Optional Programme Components

ECON205,ECON214, ECON207, ECON216

Course Description

In this course, while analyzing the world economy with a world-system approach, the world economy is handled in the axis of international trade, international capital flows and international labor movements. In addition to these, the aim of the course is to understand today's world economy as a whole, to be able to solve the problems faced by the world economy and to examine the economic policies that direct the world economy.

Course Contents

WEEK	TOPICS
1^st Week	World Economy Before the Industrial Revolution
2^nd Week	Liberal Foreign Trade Policies After the Industrial Revolution
3^rd Week	New World Order and Institutional Structuring
4^th Week	II. Post-World War II Foreign Trade Policies
5^th Week	World Trade Organization (WTO)
6^th Week	Globalization Process
7^th Week	Midterm
8^th Week	The 21st Century Global Crisis and the Future of the World Economy
9^th Week	Alternative Globalization
10^th Week	International Trade Wars
11^th Week	New Protectionist Policies
12^th Week	US-China-EU Foreign Trade Policies
13^th Week	Turkey-EU Relations
14^th Week	The Future of Globalization

Recommended or Required Reading

ALTMAN, Daniel (2007), Global Economy, Amazon.
FREEMAN, Alan-KAGARLIZKI, Boris (2009), Küreselleşmenin Krizi, Yordam Yayınevi, İstanbul.
KOUGMANN, R. Paul.-OBSFELD, Maurice-MELITZ, Mare (2005), International Economics: Theory-Policy, Global Edition.
SEYİDOĞLU, Halil (2010), Uluslararası İktisat, Turhan Kitabevi, Ankara.
STIGLITZ, Joseph (2006), Küreselleşme: Büyük Hayal Kırıklığı, Plan B, İstanbul.
ŞAHİNÖZ, Ahmet (2014), Küresel Krizden Türkiye?nin Krizine, İmaj Yayınevi, Ankara.
YELDAN, Erinç (2008), Küreselleşme Kim İçin, Yordam Yayınları, İstanbul.

Planned Learning Activities and Teaching Methods

Lecture
Discussion

Assessment Methods and Criteria

	Quantity	Percentage (%)
Mid-term	1	35
Assignment	1	10
Total(%)		45
Contribution of In-term Studies to Overall Grade(%)		45
Contribution of Final Examination to Overall Grade(%)		55
Total(%)		100

ECTS Allocated Based on Student Workload

Activities	Quantity	Duration (Hour)	Total Workload (Hour)
Midterm exam	1	1	1
Preparation for Quiz	0	0	0
Individual or group work	14	3	42
Preparation for Final exam	1	30	30
Course hours	14	3	42
Preparation for Midterm exam	1	25	25
Laboratory (including preparation)	0	0	0
Final exam	1	1	1
Homework	1	4	4
Total Work Load			145
Total Work Load / 30 (h)			4.83
ECTS Credit of the Course			5

Language of Instruction

Turkish

Work Placement(s)

Programme Qualifications / Learning Outcomes

	LO1	LO2	LO3	LO4	LO5	LO6	LO7
K1
K2
K3		X
K4	X		X	X	X	X	X
K5
K6
K7
K8		X		X	X	X
K9
K10							X
K11
K12
K13

	LO1	LO2	LO3	LO4	LO5	LO6	LO7
K1
K2
K3		X
K4	X		X	X	X	X	X
K5
K6
K7
K8		X		X	X	X
K9
K10							X
K11
K12
K13

	LO1	LO2	LO3	LO4	LO5	LO6	LO7
K1
K2
K3		X
K4	X		X	X	X	X	X
K5
K6
K7
K8		X		X	X	X
K9
K10							X
K11
K12
K13

	LO1	LO2	LO3	LO4	LO5	LO6	LO7
K1
K2
K3		X
K4	X		X	X	X	X	X
K5
K6
K7
K8		X		X	X	X
K9
K10							X
K11
K12
K13