ECO4563 Turkish EconomyBahçeşehir UniversityDegree Programs ECONOMICS AND FINANCEGeneral Information For StudentsDiploma SupplementErasmus Policy StatementNational QualificationsBologna Commission
ECONOMICS AND FINANCE
Bachelor TR-NQF-HE: Level 6 QF-EHEA: First Cycle EQF-LLL: Level 6

Course Introduction and Application Information

Course Code Course Name Semester Theoretical Practical Credit ECTS
ECO4563 Turkish Economy Spring 3 0 3 4

Basic information

Language of instruction: English
Type of course: Must Course
Course Level: Bachelor’s Degree (First Cycle)
Mode of Delivery: Face to face
Course Coordinator : Prof. Dr. SEYFETTİN GÜRSEL
Course Lecturer(s): Prof. Dr. SEYFETTİN GÜRSEL
Recommended Optional Program Components: None
Course Objectives: This course aims to understand and analyze dynamics of labor market and issueds of growth in Turkish Economy. Also, the course provides an opportunity to apply theoretical economic models in Turkish Economy.

Learning Outcomes

The students who have succeeded in this course;
1. Basics of economic growth theory and growth accounting methodology
2. A broad and comparative overview of the economic growth experiences in the World History….
3. Ottoman economy: Institutions and causes of missing capitalist development / industrialization….
4. Economic growth performances end their analysis in the republican period according to sub periods (using growth accounting)….
5. Main problems Turkish economy faces actually in regards of high and sustainable economic growth….

Course Content

Introduction:Ideological and structural legacy of the past

1. Growth Issues in the Turkish Economy
1.a) Neoclassical growth function

1.b) Growth performance of the Turkish Economy in the past

1.c) Estimation of the potential growth rate

1.d) Growth during the last crisis and recovery
1.e) How to improve potential growth?

2.Turkish Labor Market Dynamics

2.a)Labor force dynamics

2.b)Growth-Employment interactions

2.c)Unemployment: Its nature and future

Weekly Detailed Course Contents

Week Subject Related Preparation
1) Introduction
2) Growth Issues in the Turkish Economy
3) Neoclassical growth function
4) Growth performance of the Turkish Economy in the past
5) Growth performance of the Turkish Economy in the past
6) Estimation of the potential growth rate
7) Growth during the last crisis and recovery
8) Midterm
9) Turkish Labor Market Dynamics
10) Labor force dynamics
11) Growth-Employment interactions
12) Growth-Employment interactions
13) Unemployment: Its nature and future
14) Unemployment
15) Course Review
16) Final exam

Sources

Course Notes / Textbooks: Ders notları ve ilgili makaleler / Lecture notes and related articles
References: -

Evaluation System

Semester Requirements Number of Activities Level of Contribution
Midterms 1 % 40
Final 1 % 60
Total % 100
PERCENTAGE OF SEMESTER WORK % 40
PERCENTAGE OF FINAL WORK % 60
Total % 100

ECTS / Workload Table

Activities Number of Activities Duration (Hours) Workload
Course Hours 16 3 48
Study Hours Out of Class 16 3 48
Midterms 1 2 2
Final 1 2 2
Total Workload 100

Contribution of Learning Outcomes to Programme Outcomes

No Effect 1 Lowest 2 Low 3 Average 4 High 5 Highest
           
Program Outcomes Level of Contribution
1) Build up a body of knowledge in mathematics and statistics, to use them, to understand how the mechanism of economy –both at micro and macro levels – works. 5
2) Understand the common as well as distinctive characters of the markets, industries, market regulations and policies. 4
3) Develop an awareness of different approaches to the economic events and why and how those approaches have been formed through the Economic History and understand the differences among those approaches by noticing at what extent they could explain the economic events. 4
4) Analyze the interventions of politics to the economics and vice versa. 4
5) Apply the economic analysis to everyday economic problems and evaluate the policy proposals for those problems by comparing opposite approaches. 5
6) Understand current and new economic events and how the new approaches to the economics are formed and evaluating. 5
7) Develop the communicative skills in order to explain the specific economic issues/events written, spoken and graphical form. 5
8) Know how to formulate the economics problems and issues and define the solutions in a well-formed written form, which includes the hypothesis, literature, methodology and results / empirical evidence. 4
9) Demonstrate the quantitative and qualitative capabilities and provide evidence for the hypotheses and economic arguments. 4
10) Understand the information and changes related to the economy by using a foreign language and communicate with colleagues. 5