Faculty of Business and Management Sciences · Islamic Economics and Finance · Undergraduate
Course Objective
The main objective of the Turkish Economy course is to provide students with a comprehensive understanding of the fundamental structure and transformation of the Turkish economy. The course aims to furnish students with a robust historical, institutional, and structural framework necessary for analyzing economic developments in Turkey.
Course Content
A thorough examination of Turkey's economic development from the early 19th century to the present is covered in the course. Important topics such as institutional frameworks, human development, economic progress, and reactions to outside pressures examined. The course begins with a look at the institutional frameworks and legacy of the Ottoman Empire before delving into the Ottoman Empire's response to pressure from Europe and eventual transition to a nation-state. It covers the several stages of economic growth, including post-World War II inward-looking policies and the effects of globalization and neoliberal policies. Students will get a comprehensive grasp of Turkey's economic trajectory by highlighting the interplay between institutional changes, economic policies, and larger historical settings throughout the course.
Required Resources
Pamuk, Şevket. (2018). Uneven Centuries: Economic Development of Turkey since 1820. Princeton University Press.
Recommended Resources
Kepenek, Yakup, Yentürk, Nurhan. 2001. Türkiye Ekonomisi. Remzi Kitabevi.
Kepenek, Yakup. Turkish Economy. ODTÜ Publishing.
Explanations
70% attendance is mandatory.
Rules
University rules and academic ethics must be followed during exams and in-class activities.
Course Learning Outcomes
- Analyzing Historical Transformation
- Evaluating Economic Policies
- Examining Institutional Changes
- Establishing the Relationship Between Historical Processes and Economy
- Contextualizing Human Development and Economic Progress
Core Area Distribution
Teaching Methods
Assessment & Evaluation
ECTS / Workload
| Activity | Quantity | Duration (h) | Total Workload |
|---|---|---|---|
| Course Duration (Including Exam Week) | 16 | 3 | 48 |
| Out of Class Study Period | 18 | 4 | 72 |
| Midterm | 1 | 1 | 1 |
| Quiz | 0 | 0 | 0 |
| Assignment | 0 | 0 | 0 |
| Practice | 0 | 0 | 0 |
| Final | 1 | 1 | 1 |
Course Schedule
| Week | Subject | Preparation |
|---|---|---|
| 1 | Course introduction and basic economic indicators | Lecture Notes |
| 2 | Institutional structure and economic dynamics of the Ottoman Empire | Pamuk, Chapter 3 |
| 3 | Ottoman Response to European Pressures and Reform Processes | Pamuk, Chapter 4 |
| 4 | Transition from Empire to Nation State | Pamuk, Chapter 12 |
| 5 | Economic Developments During the Establishment of the Republic | Pamuk, Chapter 13 |
| 6 | Turkish Economy During the 1929 Crisis | Pamuk, Chapter 14 |
| 7 | World War II Era | Pamuk, Chapter 15 |
| 8 | Midterm | - |
| 9 | Transition to Multi-Party Era and Agriculture-Based Growth | Pamuk, Chapter 17 |
| 10 | Import Substitution Based Industrialization Initiative | Pamuk, Chapter 18 |
| 11 | Transition to Neoliberal Economic Policies | Pamuk, Chapter 20 |
| 12 | Political Instability and Crises in the 90s | Pamuk, Chapter 21 |
| 13 | Economic Developments During the AK Party Era | Pamuk, Chapter 22 |
| 14 | Long Term Development in Turkish Economy | Pamuk, Chapter 23 and 24; Kepenek and Yentürk, Chapter 20 |
| 15 | Overview of Turkish Economy | Lecture notes |
| 16 | Final Exam | Pamuk, All Chapters; Lecture Notes. |