Course Information

Course Information
Course Title Code Language Type Semester L+U Hour Credits ECTS
World Economy ECON406 Turkish Compulsory 8. Semester 3 + 0 3.0 5.0
Prerequisite Courses
Course Level Undergraduate
Mode of delivery Face to face.
Course Coordinator
Instructor(s)
Goals The aim of this course is to analyze the global economic system by using deductive and inductive methods together, to emphasize the main trends shaping this system and to draw attention to the international connections of the national economies.
Course Content As a commercial and financial monolith, the historical and institutional infrastructure of the world economy and its current state from the perspective of themes-regions.
Learning Outcomes
# Öğrenme Kazanımı
1 Students can summarize the current state of the world economy and its historical, institutional infrastructure.
2 Students can explain the main trends shaping the world economy in a cause and effect relationship.
3 Students can compare the causes and consequences of the economic and financial crises in the 20th and 21st centuries.
Lesson Plan (Weekly Topics)
Week Topics/Applications Method
1. Week Periods: The Gold Standard (1870-1914)
2. Week Periods: Between Two Wars (1914-1946)
3. Week Periods: Bretton Woods (1946-1973)
4. Week Periods: Flexible Accumulation (1973-2008)
5. Week Periods: 2008 Crisis and After
6. Week Themes: Foreign Direct Investments
7. Week Themes: Infrastructure Sectors
8. Week MIDTERM EXAM
9. Week Themes: Human Movements
10. Week Themes: Labor Relations
11. Week Themes: International Economic Institutions
12. Week Regions: North America and Europe
13. Week Regions: East Asia and Australia
14. Week General Evaluation and Current Discussions
*Midterm and final exam dates are not specified in the 14-week course operation plan. Midterm and final exam dates are held on the dates specified in the academic calendar with the decision of the University Senate.
The Matrix for Course & Program Learning Outcomes
No Program Requirements Level of Contribution
1 2 3 4 5
1 Know the basic concepts of economics at an advanced level; can abstract the economic decision-making units in households, firms, government agencies, and predict the results of their decision-making mechanisms in different market and competition conditions.
2 Understand the objectives of economies such as growth, employment, productivity, sustainability; may propose solutions to problems such as unemployment, contraction, inflation, high interest rates and similar problems.
3 Capable to make sense of the international interactions of national economies with an international economic perspective.
4 Have knowledge about the historical development of the world economy and its current structure, understand the working process of different economic systems.
5 Can combine economic theory with mathematical, statistical and econometric skills to analyze concrete situations; are experienced in economic data collection and analysis methods by utilyzing technology.
6 Analyze the different sectors of the economy such as agriculture, industry and services through the Production Factors such as Labor, Capital, Natural Resource, Information and Entrepreneurship and evaluate the country economies.
7 Know the current status, historical background, the strengths and weaknesses of Turkish economy in macro and micro scale; can propose solutions, make theoretical and applied studies in this direction as individuals and teams.
8 Know the relations of economics as a social science with other sciences especially with politics, business administration, law, history, mathematics and engineering; reflect the theoretical knowledge in practice and have collaborative working culture.
9 Have the consciousness of lifelong learning, use the education to keep knowledge updated and contribute to the business life.
10 Have the cultural consciousness, know their own history, develop awareness of working with different cultures, respect individual, social and cultural rights.
11 Behave in accordance with ethical values in their works, have the ability of questioning, free thinking with no prejudices.
12 Have the consciousness of fulfilling the given tasks at the right time. In this process, utilize in maximum written, visual, audio sources and information-communication technologies.
13 Have the experience and ability to explain what they learn in written, oral and visual manner.
14 Use the Turkish and English language properly and effectively, and pursue professional readings in double language.
Relations with Education Attainment Program Course Competencies
Program Requirements DK1 DK2 DK3
PY1 5 5 5
PY2 5 5 5
PY3 5 5 5
PY4 5 5 5
PY5 2 2 2
PY6 4 4 4
PY7 3 3 3
PY8 5 5 5
PY9 4 4 4
PY10 3 3 3
PY11 2 2 2
PY12 1 1 1
PY13 2 2 2
PY14 1 1 1
Recommended Sources
Ders Kitabı veya Notu Ders Kitabı veya Ders Notu bulunmamaktadır.
Diğer Kaynaklar
  • Dünya ekonomisinde bütünleşme hareketleri ve Türkiye : sorunlar ve çözüm önerileri / Korkut Boratav...[ve bşk.] ; editör Nihâl Yıldırım Mızrak
  • Eichengreen, Barry: Globalizing Capital: A History of the International Monetary System, Princeton University, Princeton, 2008.
  • Frederick P. Stutz & Barney Wharf: The World Economy: Geography, Business, Development, Prentice Hall, New York, 2011.
  • Erich Helleiner: The Status Quo Crisis: Global Financial Governance after the 2008 Melt-Down, Oxford University Press, New York, 2014.
ECTS credits and course workload
ECTS credits and course workload Quantity Duration (Hour) Total Workload (Hour)
Sınavlar
Midterm 1 30 30
Homework 1 15.5 15.5
Final 1 40 40
Classroom Activities 14 3 42
Total Workload 127.5
*AKTS = (Total Workload) / 25,5 ECTS Credit of the Course 5.0