COURSE INTRODUCTION AND APPLICATION INFORMATION

eco.ieu.edu.tr

Course Name

Code	Semester	Theory (hour/week)	Application/Lab (hour/week)	Local Credits	ECTS
	Fall/Spring

Prerequisites

	ECON 101	To succeed (To get a grade of at least DD)
and	ECON 102	To succeed (To get a grade of at least DD)

Course Language

Course Type

Elective

Course Level

Mode of Delivery

Teaching Methods and Techniques of the Course

Course Coordinator

Course Lecturer(s)

Assistant(s)

Course Objectives
Learning Outcomes	The students who succeeded in this course; Will be able to explain the historical roots of current economic concepts. Will be able to discuss thinkers and movements of thought, who/which contributed greatly to the science of economics, in a historical context along with their contributions to the science of economics. Will be able to explain the social and historical context in which economic theories have occurred throughout history. Will be able to discuss alternative approaches to economic processes. Will be able to show there are more than one way of thinking about current economic problems.
Course Description

Course Category	Core Courses	X
	Major Area Courses
	Supportive Courses
	Media and Managment Skills Courses
	Transferable Skill Courses

WEEKLY SUBJECTS AND RELATED PREPARATION STUDIES

Week	Subjects	Required Materials
1	Introduction and Preliminaries
2	Debate: Economic Philosophy, Historiography of the HET, Evolution and Progress of Economic Ideas	Lecture Notes
3	Economic(s) Revolution	Lecture Notes
4	Economic Thought in Mercantile Era	E. K. Hunt (1981): 12 35 ve M. Rothbard (1995 [2006]) Vol I: 211 342.
5	Physiocracy	M. Rothbard (1995 [2006]) Vol I: 363 382.
6	Debate: Classical Political Economy	E. K. Hunt (1981): 36 49; M. Rothbard (1995 [2006]) Vol I: 415 432
7	Midterm Exam
8	Adam Smith	M. Rothbard (1995 [2006]) Vol I: 433 504; Smith, Wealthof Nations: Selected Readings
9	David Ricardo	M. Rothbard (1995 [2006]) Vol II: 69 156.
10	Karl Marx	E. K. Hunt (1981): 50 96; M. Rothbard (1995 [2006]) VolII: 297 438; Marx, Capital I: Selected Readings
11	Debate: Neo Classical Economics	Lecture Notes
12	Debate: Contemporary Economic Thought Evolutionary Political Economy	Lecture Notes
13	Thorstein Veblen	E. K. Hunt (1981): 115 140; Veblen, The Theory ofLeisure Class: Selected Readings
14	Debate: Economic Theory in Evolution	Lecture Notes
15	Review of the Semester
16	Review of the Semester

Course Notes/Textbooks

E. K. Hunt. (1981). Property and Prophets: The Evolution of Economic Institutions and Ideologies. (NY: Harper & Row Pub.)

Suggested Readings/Materials

M. Rothbard. 2006 [1995]. Economic Thought before Adam Smith and Classical Economics . Volumes I and II of An Austrian Perspective on the History of Economic Thought. (Auburn, Alabama: Ludwig von Mises Institute). [Digital copies available online. With the permission of Mises Foundation.] 2) Some other selected compulsary readings are: 2.A) Adam Smith: Wealth of Nations (1776), 2.B) Karl Marx: Capital I (1867) and 2.C) Thorstein Veblen: The Theory of Leisure Class (1899). Selected readings are to be distributed during the semester. 3. Some other sources: 3.A) The blog site of this course – in Turkish only: http://iktisadidusuncelertarihi.blogspot.com/ 3.B) Email list of the course: http://groups.google.com/group/idthet 3.C) Instructor's personel web page: http://ayalcintas.blogspot.com/

EVALUATION SYSTEM

Semester Activities	Number	Weigthing
Participation
Laboratory / Application
Field Work
Quizzes / Studio Critiques
Portfolio
Homework / Assignments
Presentation / Jury
Project	1	25
Seminar / Workshop
Oral Exam
Midterm	1	25
Final Exam	1	50
Total

Weighting of Semester Activities on the Final Grade	2	50
Weighting of End-of-Semester Activities on the Final Grade	1	50
Total

ECTS / WORKLOAD TABLE

Semester Activities	Number	Duration (Hours)	Workload
Course Hours (Including exam week: 16 x total hours)	16	3	48
Laboratory / Application Hours (Including exam week: 16 x total hours)	16
Study Hours Out of Class	16	2
Field Work
Quizzes / Studio Critiques
Portfolio
Homework / Assignments
Presentation / Jury
Project	1	20
Seminar / Workshop
Oral Exam
Midterms	1	20
Final Exams	1	30
		Total	150

COURSE LEARNING OUTCOMES AND PROGRAM QUALIFICATIONS RELATIONSHIP

#	Program Competencies/Outcomes	* Contribution Level
#	Program Competencies/Outcomes	1	2	3	4	5
1	To have a sound knowledge of the quantitative and qualitative methods that will help to examine the premises of different theories for an applied subject so that a contribution to solving current economic problems can be made.	X
2	To have the experience of writing, using software, and doing presentations in the newspapers, magazines, meetings, panels, and in equivalent virtual platforms (internet), in order to share their accumulated knowledge and problem solving ability acquired during their education.
3	To be able to participate in academic, professional, regional, and global networks and to utilize these networks efficiently.
4	To have adequate social responsibility and awareness with regards to the needs of the society and to have sufficient experience and qualifications to organize and support the activities to influence the social dynamics in line with the social goals.		X
5	To be able to integrate the knowledge and training acquired during the university education with personal and work experience and produce a synthesis of knowledge she requires.
6	To have the ability to evaluate his/her advance (post graduate) level educational needs and do necessary planning to fulfill those needs through the acquired capability to think analytically and critically.				X
7	To have sufficient practical and theoretical knowledge base in order to define the economic agents and their interaction both in the national and global level, to process economic data and to implement scientific research for development of economic policies.
8	Keeping in mind that economics is a social science, to have the skills to integrate social dynamics into economic process both as an input and an output and to be open to theoretical innovations in this direction.			X
9	To associate accumulated knowledge acquired during the university education with historical and cultural qualities of the society and to convey it to different groups.
10	To be able to follow knowledge and change in economics and communicate with colleagues in a foreign language.		X
11	To possess social, scientific and ethical values at the data collection, interpretation and dissemination stages of economic analysis.
12	To have advanced level of speaking and writing skills of a second foreign language to support continuation of post graduate professional and individual development

*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest