Turkish Economy II (ECON 402) Course Details
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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