• TR
  • EN
Program Type: 
Non Thesis
Course Code: 
ECON 560
Course Type: 
Course Language: 
Course Coordinator: 
Courses given by: 
Course Objectives: 

The major objective of the course is to increase the students' knowledge and understanding of the Turkish economy. At the end of the course, it is hoped that the student will have the ability to reason accurately and objectively about the economic matters in Turkey. Another objective is to give a development economics perspective to the students. Hence, the Turkish economy will be analyzed and compared with the other developing countries’ economies. By the end of the term the students will be able to follow and interpret the economic developments in Turkey in detail.

Course Content: 

This course is designed to discuss the growth and development dynamics of the Turkish economy. In the first part of the course, the transformation of the Turkish economy will be discussed. Then, we shall turn to a discussion of the Turkish macroeconomic data, economic reforms in Turkey and the effects of recent global crises on Turkey. The economic conditions of the developing countries from Latin America and East Asia will be analyzed and compared to Turkey’s economic development. Issues, such as macroeconomic stability and economic reforms, privatization, regulation and income inequality will be covered. Turkish trade policy, capital flows, financial globalization, foreign direct investments, poverty, unemployment and the informal sector in Turkey will be analyzed.

Teaching Methods: 
1: Lecture, 2: Question-Answer, 3: Discussion, 12: Case Study
Assessment Methods: 
A: Testing, C: Homework, Q: Quiz

Vertical Tabs

Course Learning Outcomes

To analyze the developments in the world and Turkish economy in detail and interpret the results.

To learn and interpret the development and growth policies and applications of the Turkish economy.

To acquire the ability of interpreting, analyzing, and presenting the results of the research related to the Turkish economy, and answering the addressed questions.

To understand the problems of the Turkish economy and discuss the necessary changes and policies and make policy suggestions.

To compare Turkey with similar countries and examine the case studies and interpret the variations in their economic policies.

To analyze how the Turkish economy is affected by the changes in the world and foresee the effects of the economic crises.

Course Flow

Week Topics Study Materials
1 Introduction to Turkish Economy  
2 Historical Development of Turkish Economy  
3 First and Second Five Year Industrialization Programs  
4 The Structure of Turkish Economy and Industrialization Policy  
5 Planned Economic Development Era in Turkey  
6 Industrialization Policy in the post-1980s and Growth of Major Sectors  
7 Monetary and Fiscal Policies in Turkey  
9 Financial and Trade Liberalization Policy and Structural Adjustment in Turkey  
10 The Role of Growth of Public Sector in Turkey  
11 Privatization Policy  
12 External Trade Policy and Turkey’s Economic Relations with the EU  
13 Macroeconomics Performance in Turkey  
14 IMF Monitored Program and Recent Economic Developments in Turkey  

Recommended Sources

Textbook To be announced at the beginning of the term.
Additional Resources  

Material Sharing

Documents Articles will be handed out throughout the term.
Assignments To be given throughout the term.
Exams The performance of the students will be determined by two written exams (a term exam and a final).


Mid-terms 1 40
Quizzes (attendance, presentation, etc.)   -
Assignments 1 60
  Total 100
Contribution of Final Examination to Overall Grade   50
Contribution of In-Term Studies to Overall Grade   50
  Total 100

Course’s Contribution to Program

No Program Learning Outcomes Contribution
    1 2 3 4 5
1 Formulate and develop a critical and comprehensive understanding of global and national economic problems, and construct and design practical solutions;         x
2 Extract information and concepts from various disciplines in social sciences and integrate them under the rubric of economics;         x
3 Construct testable hypotheses to find original, practical solutions to various social ills and problems;         x
4 Develop an analytical understanding of economic problems, and the ability to evaluate the inherent logic, assumptions and conclusions of alternative approaches;         x
5 Develop the necessary technical skills to evaluate alternative approaches in economics;       x  
6 Formulate research projects, plan and conduct research in social sciences in general and in economics in particular;         x
7 Present the results of their research in national and international conferences and in scientific and professional venues;       x  
8 Apply the scientific / academic modes of thought and analysis to their professional lives and form a bridge between the analytical and abstract modes of thinking of academia and the practical and dynamic skills of business life;         x
9 Nurture and develop the analytical and technical skills necessary to continue their studies at a Ph.D. level, either in Turkey or elsewhere around the globe.         x


Activities Quantity Duration (Hour) Total Workload (Hour)
Course Duration (Including the Exam Week: 15 x total course hours) 15 3 45
Hours for off-the-classroom study (Pre-study, practice) 15 10 150
Mid-terms 1 10 10
Quizzes (attendance, presentation, etc.) 0 0 0
Assignments 1 25 25
Final Examination 1 15 15
Total Work Load     245
Total Work Load / 25 (s)     9.8
ECTS Credit of the Course     10