COURSE INTRODUCTION AND APPLICATION INFORMATION


Course Name
Selected Topics in Turkish Economy
Code
Semester
Theory
(hour/week)
Application/Lab
(hour/week)
Local Credits
ECTS
ECON 424
Fall/Spring
3
0
3
5
Prerequisites
 ECON 101To succeed (To get a grade of at least DD)
andECON 102To succeed (To get a grade of at least DD)
Course Language
English
Course Type
Elective
Course Level
First Cycle
Mode of Delivery -
Teaching Methods and Techniques of the Course
Course Coordinator -
Course Lecturer(s)
Assistant(s) -
Course Objectives The course aims to give students an indepth perspective on the structural problems of the current Turkish economy and to provide theoretical and empirical framework to examine the nature and the consequences of such problems analytically.
Learning Outcomes The students who succeeded in this course;
  • Will be able to explain the structural characteristics of the Turkish economy.
  • Will be able to explain the comparative advantages and disadvantages of Turkish economy in comparison to the other emerging economies.
  • Will be able to elaborate the importance of informality in Turkey and its consequences.
  • Will be able to trace the bottlenecks of the Turkish economy in relation to its integration to global economy within the trade and credit networks.
  • Will be able to write an analytical paper on one of the main topics covered during the course.
Course Description The structural characteristics of the Turkish economy will be briefly discussed. Then indepth analyses of current topics and problems in Turkish economy will be undertaken. These issues include the cyclical growth performance, credit markets, employment, informal sector, industrialization, privatization, corporate finance, trade and crises, and access to EU.
Related Sustainable Development Goals

 



Course Category

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

 

WEEKLY SUBJECTS AND RELATED PREPARATION STUDIES

Week Subjects Required Materials
1 Introduction
2 Growth and Distribution dynamics Pamuk, Şevket (2007), “Economic Change in Twentieth Century Turkey: Is the Glass More than Half Full?”, American University in Paris, Working Paper Series, No: 41 İsmihan, Mustafa and MetinÖzcan, Kıvılcım  (2006), “The Growth Performance of the Turkish Economy: 19602004", mimeo
3 Continued. Taymaz ve Suicmez (2005), “Turkiye'de Verimlilik, Buyume ve Kriz”, Turkiye Ekonomi Kurumu Tartisma Metni, 2005/4Boratav et. al. (2000), “Globalization, Distribution and Social Policy: Turkey, 19801998”, CEPA Working Paper Series, No: 20
4 Industrialization Şenses, Fikret ve Taymaz, Erol (2003), “Unutulan Bir Toplumsal Amaç: Sanayileşme Ne Oluyor, Ne Olmalı?”, ERC Working Papers in Economics, 03/01 Rodrik, Dani (2005), “Notes on Trade and Industrialization Policy, in Turkey and Elsewhere”, METU Studies in Development, Vol. 32, pp. 259274
5 Capital Accumulation Somel, Cem (2003), “Estimating the Surplus in the Periphery: an Application to Turkey”, Cambridge Journal of Economics, Vol. 27:6, pp. 919933 Eres, Benan (2005), “Capital Accumulation and the Development of a Financial System: The Turkish Example”, RRPE, Vol. 37:3, 320328
6 Employment and Unemployment
7 MIDTERM EXAM
8 Informality in Turkey Brook, AnnieMarie and Whitehouse, Edwards (2006), “The Turkish Pension System: Further Reforms to Help Solve Informality Problem”, OECD Economics Department Working Paper, No: 29 Bulutay, Tuncer and Taştı, Recep (2002), “Informal Sector in Turkish Labor Market”, Turkish Economic Association Discussion Paper, 2004/22
9 Credit Markets and Corporate Finance Çavuşoğlu, Tarkan (2002), “Credit Transmission Mechanism in Turkey: An empirical investigation”, ERC Working Paper Series, 02/03 Ardıç, Oya Pınar and Damar, Evren (2006), “Financial Deepening and Economic Growth: Evidence from Turkey”, Boğaziçi University Economics Department Discussion Paper Series Gezici, Armağan (2006), “Investment Under Liberalization: Channels of Uncertainty and Liquidity”, mimeo Duman, Alper (2009), Asset Inequality, Relative Efficieny of Formal Credit Markets and Choice of Organizational Form  İzmir University of Economics, Department of Economics Wroking Paper Series, 0908
10 Privatization Yeldan, Erinç (2005), “Assessing the Privatization Experience in Turkey”, Economy Policy Institute Report SimgaMugan, Can and Yüce, Ayşe (2003), “Privatization in Emerging Markets: The case of Turkey”, Emerging Markets Finance and Trade, Vol. 39:5, pp. 83110
11 Corporate Governance and Organizational Forms Yurtoğlu, Buçin (2000), “Ownership, Control and Performance of Turkish Listed Firms”, Empirica, 27, pp. 193222 Ozcan, Gul Berna and Cokgezen, Murat (2003) “The Limits to Alternative Forms of Capitalization: The case of Anatolian holding companies”, World Development, Vol. 31: 12 pp. 20612084 Duman, Alper and Efe Postalcı (2009), Corporate Governance Networks in Turkey, Izmir University of Economics, Department of Economics, Working Paper Series, 0904
12 Crises Ekinci, Nazım and Ertürk, Korkut (2004), “Turkish Currency Crisis 20001 Revisited”, CEPA Working Paper Series, 200401 Akyüz, Yılmaz and Boratav, Korkut (2003), “The Making of the Turkish Financial Crisis”, World Development, Vol. 31:9, pp. 1549 1566
13 EU, Capital Flows and FDI Onaran, Ozlem (2006), “Speculation ledgrowth and fragility in Turkey: Does EU make a difference or can it happen again?”, University of Vienna Working Paper Series, No: 93 Taymaz Erol and Ozler, Sule (2004), “Labor Market Policies and EU Accession: Problems and Prospects for Turkey”,  ERC Working Paper Series, 04/05
14 Students' presentations
15 Students' presentations
16 Review of the Semester  
Course Notes/Textbooks Ziya Öniş and Fikret Şenses (eds), Turkey and the Global Economy: The New Phase of NeoLiberal Restructuring and Integration in the PostCrisis Era, Routledge, Oxford and New York, September, 2009.
Suggested Readings/Materials Various papers and book chapters listed above

 

EVALUATION SYSTEM

Semester Activities Number Weigthing
Participation
Laboratory / Application
Field Work
Quizzes / Studio Critiques
Portfolio
Homework / Assignments
Presentation / Jury
1
10
Project
1
20
Seminar / Workshop
Oral Exam
Midterm
1
25
Final Exam
1
35
Total

Weighting of Semester Activities on the Final Grade
65
Weighting of End-of-Semester Activities on the Final Grade
35
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
15
2
30
Field Work
Quizzes / Studio Critiques
Portfolio
Homework / Assignments
Presentation / Jury
1
10
Project
1
20
Seminar / Workshop
Oral Exam
Midterms
1
18
Final Exams
1
24
    Total
150

 

COURSE LEARNING OUTCOMES AND PROGRAM QUALIFICATIONS RELATIONSHIP

#
Program Competencies/Outcomes
* Contribution Level
1
2
3
4
5
1

To be able to acquire a sound knowledge of fundamental concepts, theories, principles and methods of investigation specific to the economic field.

X
2

To be able to apply adequate mathematical, econometric, statistical and data analysis models to process economic data and to implement scientific research for development of economic policies.

X
3

To be able to participate in academic, professional, regional, and global networks and to utilize these networks efficiently.

X
4

To be able to have adequate social responsibility with regards to the needs of the society and to organize the activities to influence social dynamics in line with social goals.

X
5

To be able to integrate the knowledge and training acquired during the university education with personal education and produce a synthesis of knowledge one requires.

6

To be able to evaluate his/her advance level educational needs and do necessary planning to fulfill those needs through the acquired capability to think analytically and critically.

X
7

To be able to acquire necessary skills to integrate social dynamics into economic process both as an input and an output.

X
8

To be able to link accumulated knowledge acquired during the university education with historical and cultural qualities of the society and be able to convey it to different strata of society.

9

To be able to take the responsibility as an individual and as a team member.

X
10

To be able to attain social, scientific and ethical values at the data collection, interpretation and dissemination stages of economic analysis.

X
11

To be able to collect data in economics and communicate with colleagues in a foreign language ("European Language Portfolio Global Scale", Level B1)

12

To be able to speak a second foreign at a medium level of fluency efficiently.

13

To be able to relate the knowledge accumulated throughout human history to their field of economics.

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