Information Package
baskent.edu.tr

Program of Economics (Turkish)

ECON471

ECONOMIC POLICY

Course Code
ECON471
Semester
-
Theory+Practice
3 + 0
ECTS
5
Course TypeElective Course
Course LevelBachelor's Degree
Year of Study-
Semester-
ECTS5
Name of Lecturer(s)
Learning Outcomes

At the end of this course, the students;

  1. have an understanding of the application of economic theory to issues in current economic policy analysis.
  2. have insight into major aspects of macroeconomic policy-making and the use of models in a historical and comparative perspective from early post-war planning to the liberalized economy of today.
  3. grasp the main ideas in macroeconomic model conceptions applied in recent Turkish history and become better prepared to understand macroeconomic policy issues from a broader perspective, including institutional issues and the role of models for macroeconomic policy.
Mode of DeliveryFace to face
PrerequisitesNo
Recommended Optional Programme ComponentsYok
Course DescriptionThe course aims to allow students to explore how economic theory and evidence can be used to analyze topical policy issues. The course should be of particular value to students who intend to work as professional economists in government departments or other agencies, where they will be expected to provide economic analysis and advice on specific policy issues, including new and unfamiliar ones.
Course Contents
WEEK TOPICS
1st Week Introduction: How should economic policies be designed?
2nd Week Economic growth policies after II. World War: Bretton Woods, IMF, World Bank
3rd Week What is a strategy for development, and why do we need one? Traditional strategic concepts: Washington Consensus
4th Week Traditional strategic concepts: Plain neo-liberalism
5th Week Traditional strategic concepts: Outward development and export-led growth model
6th Week Traditional strategic concepts: Structural change: Towards industrialization or commodities and services? & Development Strategies: S. Korean case
7th Week Midterm
8th Week Development Strategies: Turkish case & Turkish industry?s integration into the global value chain
9th Week Strategic concepts based on macroeconomic policies: Monetary and exchange rate policy
10th Week Strategic concepts based on macroeconomic policies: Fiscal policy
11th Week Strategic concepts based on macroeconomic policies: Balance-of-payments management
12th Week Strategic concepts based on macroeconomic policies: Industrial policy & import substitution
13th Week Strategic concepts based on macroeconomic policies: Financial sector development
14th Week OECD, Government Supports & Export Credits
Recommended or Required ReadingAlkan, B. ; Çiçek, S.; Yücel E. M. (2022). İktisat Politikası.
Nobel Yayın
Paya, M. M. (2013). Küresel Ortamda İktisat Politikaları.
Türkmen Kitabevi.
Serin, V. (1998). İktisat Politikası: Seçme Konular. Alfa
Yayınları.
Planned Learning Activities and Teaching Methods
  • Lecture
  • Discussion
Assessment Methods and Criteria
Quantity Percentage (%)
Mid-term 1 35
Quiz 1 15
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 1 3 3
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)
Final exam 1 1 1
Homework
Total Work Load144
Total Work Load / 30 (h)4.8
ECTS Credit of the Course5
Language of InstructionTurkish
Work Placement(s)No

Programme Qualifications / Learning Outcomes

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