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.
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.