TURKISH ECONOMY

ECON422

Course Code: ECON422
Semester: Eighth Term (Spring)
Theory+Practice: 3 + 0
ECTS: 5

Course Type

Compulsory Course

Course Level

Bachelor's Degree

Year of Study

Semester

Eighth Term (Spring)

ECTS

Name of Lecturer(s)

Learning Outcomes

At the end of this course, the students;

Understand the Turkish Economy as a priority
Evaluate the basic components, characteristics, structure, problems, history and basic dynamics of the economy in causality relations
Deal with the physical conditions, sectoral structures, production factors, national and international political and economic environment, economic thought and policies, which reveal the current economic structure with their success and crisis, in specific time periods
Acquire a global analysis capabilities by assessing the Turkish Economy, which is articulated in the world economy over the last 30 years and to some extent become part of the global economy at the international level.

Mode of Delivery

Face to face

Prerequisites

Recommended Optional Programme Components

None

Course Description

The primary aim of the course is to make students understand the Turkish economy. Understanding the Turkish economy will be possible by evaluating the basic components, characteristics, structure, problems, history and basic dynamics of the economy within the causality relations. The physical conditions, sectoral structures, production factors, national and international political and economic environment, economic thought and policies that reveal the current economic structure with its success and crisis will be discussed in specific time periods. In this context, economic development processes and economic policies will be presented in periods since the foundation of the Republic.

Course Contents

WEEK	TOPICS
1^st Week	Economic Legacy Inherited from the Ottoman Empire
2^nd Week	The Early Years of the Republic: 1923?1929
3^rd Week	Protectionist?Statist Industrialization: 1930?1939
4^th Week	The Hard Years?World War II: 1940?1945
5^th Week	Opening to the World and Trials of a Liberal Economy: 1946?1960
6^th Week	The Planned Era?Import-Substitution Industrialization Strategies: 1961?1976
7^th Week	Midterm Exam
8^th Week	The End of the Planned Development Period and Crisis: 1977?1980
9^th Week	External Opening and Liberalization of the Economy: 1980?1988
10^th Week	The New World Order and the Turkish Economy under the Hegemony of Financial Capital: 1989?1997
11^th Week	Continuous IMF Supervision and Recurrent Crises: 1998?2009
12^th Week	Current Developments: 2010?2023
13^th Week	Overall Assessment of the Post-1980 Era
14^th Week	Overall Assessment of the Last Century of the Turkish Economy

Recommended or Required Reading

BORATAV, Korkut (2023), Türkiye İktisat Tarihi (1908-2015), 26. Basım, İmge Yayınevi, İstanbul.
KEPENEK, Yakup (2023), Türkiye Ekonomisi, 33. Basım, Remzi Kitabevi, İstanbul.

Planned Learning Activities and Teaching Methods

Lecture
Discussion

Assessment Methods and Criteria

	Quantity	Percentage (%)
Mid-term	1	45
Attendance	1	5
Total(%)		50
Contribution of In-term Studies to Overall Grade(%)		50
Contribution of Final Examination to Overall Grade(%)		50
Total(%)		100

ECTS Allocated Based on Student Workload

Activities	Quantity	Duration (Hour)	Total Workload (Hour)
Midterm exam	1	1	1
Preparation for Quiz
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
Total Work Load			141
Total Work Load / 30 (h)			4.7
ECTS Credit of the Course			5

Language of Instruction

Turkish

Work Placement(s)

Programme Qualifications / Learning Outcomes

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