ECOS410 Turkish Economy

6 ECTS - 3-0 Duration (T+A)- 8. Semester- 3 National Credit

Information

Code ECOS410
Name Turkish Economy
Semester 8. Semester
Duration (T+A) 3-0 (T-A) (17 Week)
ECTS 6 ECTS
National Credit 3 National Credit
Teaching Language İngilizce
Level Lisans Dersi
Type Normal
Mode of study Yüz Yüze Öğretim
Catalog Information Coordinator Prof. Dr. MEHMET FATİH CİN


Course Goal

The purpose of this course is to examine Turkey's economy with its historical and structural elements. Turkey's economic history, as determined on the basis of a conversion period of economic policies; social development, national income, distribution, general equilibrium, relations with the world economy, socioeconomic macro indicators are examined.

Course Content

Inflationary Gap, Deflationary Gap, General Price Level Adjustment and long run equilibrium, differences among the Basic Assumtions of Keynesian, Monetarist, New Classical and New Keynesian Theories, Aggregate Supply and Aggregate Demand Framework, Relevancy of active economic policies according to different theories. Structure of Labour Market and bargaining process , Types, determinants and concequences of unemployment and inflation, The relation between unemployment and inflation rates in the short-run and long-run: Phillips Curve Framework, The relation between Current National Income and inflation rate: Dynamic Aggregate Supply and Dynamic Aggregate Demand Framework, Political Business Cycle Models: Effect of political decisions on business cycles. Open Economy Macroeconomics: Balance of Payments, Current Account, and Capital Account

Course Precondition

Yok

Resources

Korkut Boratav, Türkiye İktisat Tarihi

Notes

Yakup Kepenek ve Nurhan Yentürk, Türkiye Ekonomisi


Course Learning Outcomes

Order Course Learning Outcomes
LO01 Understanding the process of economic policy formation and the internal and external factors affecting these processes in Turkey
LO02 Analyzing the developments that shape and lead Turkey's economy within the framework of institutional arrangements, numerical data and causal relationships.
LO03 To be able to comprehend economic policies in relation to social development, national income, distribution, general equilibrium, world economy and socio-economic macro indicators.
LO04 Analyzing Turkish economy periodically.
LO05 To distinguish the differences between the periods of Turkey's economy.
LO06 To evaluate the Turkey's Economy in the context of national and international developments


Relation with Program Learning Outcome

Order Type Program Learning Outcomes Level
PLO01 Bilgi - Kuramsal, Olgusal Has the conceptual and theoretical competence to explain the phenomena in the disciplines of Political Science and International Relations. 4
PLO02 Bilgi - Kuramsal, Olgusal Identifies the international and national issues by methodologies used in the disciplines of Political Science and International Relations; chooses the appropriate analysis techniques across the issues and applies the appropriate empirical studies. 4
PLO03 Bilgi - Kuramsal, Olgusal Becomes skilful at following and interpreting different social areas in international and national levels and also applies the problem-solving oriented practices. 5
PLO04 Bilgi - Kuramsal, Olgusal Collects, reviews and analyzes the data obtained which necessary for modelling applications in the Social Science. 5
PLO05 Bilgi - Kuramsal, Olgusal Individually and/or in a team, takes responsibility, leadership, and works effectively.
PLO06 Beceriler - Bilişsel, Uygulamalı In recognition of the need for lifelong learning, follows the latest developments in the field and improves himself/herself.
PLO07 Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği Uses Turkish, and at least one more foreign language, in accordance with the requirements of academic and work life.
PLO08 Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği Understands and interprets the feelings, thoughts and behaviors of related persons correctly; and expresses himself/herself in written and oral forms accurately.
PLO09 Yetkinlikler - Bağımsız Çalışabilme ve Sorumluluk Alabilme Yetkinliği Improves his/herself constantly by defining educational requirements considering interests and talents in scientific, cultural, art and social fields besides career development.
PLO10 Yetkinlikler - Öğrenme Yetkinliği Questions traditional approaches, practices and methods; and develops and applies new study methods if necessary.
PLO11 Yetkinlikler - Öğrenme Yetkinliği Recognizes and implements social, scientific and professional ethical values. 4
PLO12 Yetkinlikler - Öğrenme Yetkinliği Develops skills of defining and analyzing the international, regional and national oriented issues, producing appropriate conflict-resolution techniques and negotiation skills. 5
PLO13 Yetkinlikler - Öğrenme Yetkinliği Develops critical thinking skills.


Week Plan

Week Topic Preparation Methods
1 Remaining Economic Structure of the Republic of Turkey from the Ottoman Empire Genel Değerlendirme Öğretim Yöntemleri:
Anlatım
2 Foundation Years of the Republic of Turkey Genel Değerlendirme Öğretim Yöntemleri:
Anlatım
3 1930s and Social Transformation Genel Değerlendirme Öğretim Yöntemleri:
Anlatım
4 Period of statism, capital accumulation resources Genel Değerlendirme Öğretim Yöntemleri:
Anlatım
5 1950s and Social Transformation Genel Değerlendirme Öğretim Yöntemleri:
Anlatım
6 Capital Accumulation after the World War II and sectoral developments Genel Değerlendirme Öğretim Yöntemleri:
Anlatım
7 1960s and central planning economy Genel Değerlendirme Öğretim Yöntemleri:
Anlatım
8 Mid-Term Exam Exam Ölçme Yöntemleri:
Yazılı Sınav
9 Development Programs Genel Değerlendirme Öğretim Yöntemleri:
Anlatım
10 1980s and Economic Transformation Genel Değerlendirme Öğretim Yöntemleri:
Anlatım
11 Monetary Policy after 1980 Genel Değerlendirme Öğretim Yöntemleri:
Anlatım
12 Public Sector after 1980 Genel Değerlendirme Öğretim Yöntemleri:
Anlatım
13 Sectoral Developments Genel Değerlendirme Öğretim Yöntemleri:
Anlatım
14 General Review of Turkish Economy Genel Değerlendirme Öğretim Yöntemleri:
Anlatım
15 General Evaluation I Genel Değerlendirme Öğretim Yöntemleri:
Anlatım
16 General Evaluation II Genel Değerlendirme Öğretim Yöntemleri:
Anlatım
17 Term Exams Exam Ölçme Yöntemleri:
Yazılı Sınav


Student Workload - ECTS

Works Number Time (Hour) Workload (Hour)
Course Related Works
Class Time (Exam weeks are excluded) 14 3 42
Out of Class Study (Preliminary Work, Practice) 14 5 70
Assesment Related Works
Homeworks, Projects, Others 0 0 0
Mid-term Exams (Written, Oral, etc.) 1 15 15
Final Exam 1 30 30
Total Workload (Hour) 157
Total Workload / 25 (h) 6,28
ECTS 6 ECTS