| Course Type | Elective Course |
|---|
| Course Level | Bachelor's Degree |
|---|
| Year of Study | - |
|---|
| Semester | - |
|---|
| ECTS | 5 |
|---|
| Name of Lecturer(s) |
|
| Learning Outcomes |
At the end of this course, the students;
- have an understanding of the application of economic theory to issues in current economic policy analysis.
- 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
- 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 Delivery | Face to face |
|---|
| Prerequisites | No |
|---|
| Recommended Optional Programme Components | No |
|---|
| Course Description | The 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 |
Financial sector development: OECD, Government Supports: ECAs & Export Credits |
|
14th Week |
Financial sector development: OECD, Government Supports: ECAs & Export Credits Review & Quiz |
|
| Recommended or Required Reading | Priewe, Jan. "Seven strategies for development in comparison." Rethinking Development Strategies after the Financial Crisis (2015): 27.
Case, K.E., Fair, R. C., & Oster, S. E. (2007). Principles of economics.Prentice Hall. |
|---|
| Planned Learning Activities and Teaching Methods |
|
|---|
| Assessment Methods and Criteria |
|
Quantity |
Percentage (%) |
| Mid-term |
1 |
35 |
| Quiz |
1 |
5 |
| Attendance |
1 |
10 |
| 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 |
10 |
10 |
| 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 |
0 |
0 |
0 |
| Total Work Load | 151 |
| Total Work Load / 30 (h) | 5.03 |
| ECTS Credit of the Course | 5 |
|
| Language of Instruction | English |
|---|
| Work Placement(s) | No |
|---|
