Turkish Economy II (ECON 402) Course Details

Turkish Economy II (ECON 402) Course
Details
Course
Name
Course Term
Code
Turkish
ECON
Economy II 402
Lecture Application Lab Credit ECTS
Hours
Hours
Hours
Spring
3
0
0
Pre-requisite
Course(s)
Course Language
English
Course Type
Compulsory Departmental Courses
Course Level
Bachelor
Mode of Delivery
Face to Face
Learning and
Teaching
Strategies
Lecture, Demonstration
Course Coordinator
Course Lecturer(s)
• Prof. Dr. Sinan Sönmez
3
6
Course Assistants
Course Objectives
Course Learning
Outcomes
The students who succeeded in this course;
• To learn the main features of the IMF led
stand-by arrangements, and the structural
adjustment process in general terms and in Turkey.
• To understand the scope, and the content of the
liberalization policies with special reference to
Turkey’s experience
• To learn the nature of the external financial
liberalization and its impact on economic policy in
Turkey
• To understand main economic and financial
mechanisms leading Turkish economy to 1994,
2000, and 2001 financial/economic crisis.
• To understand the content, and the impact of the
18th and 19th stand-by arrangements, the nature
of the structural reforms, and the impact of the
2008-2009 global economic-financial crisis on
Turkey.
Course Content
Weekly Subjects and Releated Preparation Studies
Week Subjects
1
The new capital accumulation
model: January 1980
stabilization-with-liberalization
program.
Preparation
Boratav (2003), pp.145-169;
Kazgan , pp. 195-221; Şenses
(1983); Öniş (1996);
Sönmez/updated course text
(2008/2009)
2
The nature of fiscal policy,
Boratav (2003), pp. 145-169;
monetary policy and foreign trade Kazgan , pp. 195-221; Şenses
policy in the program.
(1983); Öniş (1996), Nas, Odekon
, 9-28.
3
Liberalization experiences:
Turkey, and Latin America.
4
Liberalization of the foreign trade Boratav (2003), pp.145-169;
regime and its impact on Turkish Kazgan, pp. 195-221; CBRT,
economy(1980-1999)
pp.4-12; Öniş (2002).
5
Liberalization of the domestic
financial markets:
objectives-measures-impact
(1980-1999)
CBRT, pp. 12-19; Arın (2003);
Sönmez/updated course text
(2008/2009).
6
Financial liberalization and the
performance of the banking
sector (1980-1999)
CBRT, pp. 26-48; Köse, Şenses,
Yeldan (2003a; 2003b);
Sönmez/updated course text
(2008/2009)
7
Midterm Exam
8
Liberalization of the capital
account in balance of payments,
and its impact on economic policy:
emergence of the new financial
cycle
CBRT, pp.19-49; Mütevellioğlu,
Sönmez, pp.25-55,77-128;
Boratav (2003), pp.171-200; Köse,
Şenses, Yeldan (2003a, 2003b).
9
Liberalization of the capital
account in balance of payments,
and its impact on economic policy:
emergence of the new financial
cycle
CBRT, pp.19-49; Mütevellioğlu,
Sönmez, pp.25-55,77-128;
Boratav (2003), pp.171-200; Köse,
Şenses, Yeldan (2003a, 2003b).
10
Comparison of the growth model
of the 1980’s and the 1990’s
Köse, Şenses, Yeldan (2002a,
2002b)
11
Engagement to IMF control: Staff
Monitored Program, and the 17th
stand-by arrangement: the
disinflation program, “structural
reforms”, and the
financial/economic crisis
(November 2000 and February
2001).
Boratav (2001); Boratav, Akyüz
(2002a, 2002b); Celasun
(2002);Kazgan, pp.231-254;Öniş
(2002); BSB (2006a, 2006b),
Elmas-Arslan (2008)
Nas , Odekon, pp. 9-67
12
Analysis of the November 2000
and the February 2001 financial
crisis, and the economic
consequences
Boratav (2001); Boratav, Akyüz
(2002a, 2002b); Celasun (2002);
Kazgan, pp. 231-254; Öniş
(2002); BSB (2006a, 2006b),
Elmas-Arslan (2008); CBRT, pp.
50-69.
13
The 18 and 19 th stand-by
arrangements and the economic
policies in post-crisis period
Mütevellioğlu, Sönmez, pp.1-234
14
The structure of the Turkish
economy and the impact of the
2008 global financial-economic
crisis.
Mütevellioğlu, Sönmez, pp. 1-234;
BSB (2009).
15
General evaluation, and
discussion
16
Final Exam
Sources
Course
Book:
1. -Boratav, Korkut, (2001), “2000/2001 Krizinde Sermaye
Hareketleri”, İşletme ve Finans”,Sayı:186,Eylül.
2. -Boratav, Korkut, (2003a), Türkiye İktisat Tarihi, 1908-2002,
7. Baskı, İmge Kitabevi, Ankara, s. 117-221).
3. - BSB (2006a), IMF Gözetiminde On Uzun Yıl, 1998-2008:
Farklı Hükümetler,Ttek Siyaset, Ankara.
4. - BSB (2006), Turkey and IMF, Macroeconomic Policy,
Patterns of Growth and Persistent Fragilities, Penang: TWN
5. -BSB (2009), Türkiye’de ve Dünya’da Ekonomik Bunalım,
2008-2009, Yordam Kitap, İstanbul
6. CBRT (2002) The Impact of Globalization on Turkish
Economy, Ankara, June.
7. - Elmas-Arslan, Gülen, (edit.),( 2008), Türkiye Ekonomisi,
Gazi Üniv. Yay., Ankara.
8. -Kazgan, Gülten, (2005), Türkiye Ekonomisinde Krizler
(1929-2001), İstanbul Bilgi Üniv., Yay
9. - Mütevellioğlu, Nergis ve Sönmez, Sinan (edit.), (2009),
Küreselleşme, Kriz ve Türkiye’de Neoliberal Dönüşüm, Bilgi
Üniv., yayınevi, İstanbul
10. Nas, Tevfik F. and Odekon, Mehmet, (edit.) (1988),
Liberalization and the Turkish Economy, New York: Greenwood
Press.
1. Öniş, Ziya, (1986), “Stabilisation and Growth in a
Other
Sources: Semi-Industrial Economy: An Evaluation of the Recent Turkish
Experiment, 1977-1984”, ODTÜ Gelişme Dergisi, Cilt:13,
Sayı:1-2.
2. -Öniş, Ziya, (2002), “Post-war Development Performance of
the Turkish Economy: A Political Economy Perspective”,mimeo,
December.
3. -Şenses, Fikret, (1983),”An Assessment of Turkey’s
Liberalization Attempts since 1980 against the Background of
her Stabilization Program”, ODTÜ Gelişme Dergisi, Cilt:10,
Sayı:3.
4. Köse, A.H., Şenses, F., Yeldan, E., (edit.), (2003a) Küresel
Düzen: Birikim, Devlet ve Sınıflar, İletişim Yayınları, İstanbul,
2.baskı: 2003; 3. baskı: 2006.
5. Köse, A.H., Şenses, F., Yeldan, E., (edit.) (2003b) İktisadi
Kalkınma, Kriz ve İstikrar, İletişim Yayınları, İstanbul, 2. baskı:
2003; 3. baskı: 2006.
6. -Boratav, Korkut ve Akyüz, Yılmaz, (2002a), “Türkiye’de
Finansal Krizin Oluşumu”, İşletme ve Finans, Sayı:197, Ağustos
7. -Boratav, Korkut ve Akyüz, Yılmaz, (2002b), “The Making of
the Turkish Financial Crisis”, paper presented for a conference
on “Financialization of the Global economy”, PERI, Univ. Of
Massachusets, Dec.7-9, Amherst, Mass (see www.unctad.org)
8. -Celasun, Merih (2002), “Before and After the 2001 Crisis”,
Selected Research on the Turkish Economy, TOBB, Ankara
Evaluation System
Requirements
Number
Percentage
of Grade
Attendance/Participation
-
-
Laboratory
-
-
Application
-
-
Field Work
-
-
Special Course Internship
-
-
Quizzes/Studio Critics
1
10
Homework Assignments
1
10
Presentation
-
-
Project
-
-
Seminar
-
-
Midterms Exams/Midterms Jury
1
30
Final Exam/Final Jury
1
50
Total
4
100
Percentage of Semester Work
50
Percentage of Final Work
50
Total
100
Course Category
Core Courses
Major Area Courses
Supportive Courses
Media and
Managment Skills
Courses
Transferable Skill
Courses
The Relation Between Course Learning Competencies and
Program Qualifications
# Program Qualifications / Competencies
Level of
Contribution
1 2
3
1 Acquiring the skills of understanding, explaining,
and using the fundamental concepts and methods
of economics
4 Understanding the formulation and
implementation of economic policies at the local,
national, regional, and/or global level
5
X
2 Acquiring the skills of macro level economic
analysis
3 Acquiring the skills of micro level economic
analysis
4
X
X
X
5 Learning different approaches on economic and
related issues
X
6 Acquiring the quantitative and/or qualitative
techniques in economic analysis
X
7 Improving the ability to use the modern software,
hardware and/or technological devices
8 Developing intra-disciplinary and inter-disciplinary
team work skills
X
X
9 Acquiring an open-minded behavior through
encouraging critical analysis, discussions, and/or
life-long learning
X
10 Adopting work ethic and social responsibility
X
11 Developing the skills of communication.
X
12 Improving the ability to effectively implement the
knowledge and skills in at least one of the
following areas: economic policy, public policy,
international economic relations, industrial
relations, monetary and financial affairs.
X
ECTS/Workload Table
Activities
Course Hours (Including
Exam Week: 16 x Total
Hours)
Number
Duration
(Hours)
Total
Workload
16
3
48
16
7
112
Laboratory
Application
Special Course Internship
Field Work
Study Hours Out of Class
Presentation/Seminar
Prepration
Project
Homework Assignments
3
5
15
Quizzes/Studio Critics
1
1
1
Prepration of Midterm
Exams/Midterm Jury
1
2
2
Prepration of Final
Exams/Final Jury
1
2
2
Total Workload
180