At the end of this course, the students; 1) the benchmarks of the world history in terms of economic development; major inventions, capital accumulation, development of manufacture production, money and banking, Bretton Woods system, exchange rates mechanisms, capital liberalisation and the like, 2) the present day macro economic situations in the major economies that is USA, EU, China,Japan. Also being neighbors of Turkey; economies of the Russia, Iran, Greece deserves some attention plus the functions of some important organisations such as IMF, WB, WTO etc. 3) long term or structural issues like; development, external debts, unequal distribution of income, energy problems, and financial crises.
MODE OF DELIVERY
Face to face
PRE-REQUISITES OF THE COURSE
No
RECOMMENDED OPTIONAL PROGRAMME COMPONENT
-
COURSE DEFINITION
In this course, while analyzing the world economy with a world-system approach, the world economy is handled in the axis of international trade, international capital flows and international labor movements. In addition to these, the aim of the course is to understand today's world economy as a whole, to be able to solve the problems faced by the world economy and to examine the economic policies that direct the world economy.
COURSE CONTENTS
WEEK
TOPICS
1st Week
Merkantilism and Industrial Revolution
2nd Week
Merkantilism and Industrial Revolution
3rd Week
Situation before the Bretton Woods(BW) and the afterwards
4th Week
Situation before the Bretton Woods(BW) and the afterwards
5th Week
Markets developments:Planned, Mixed and Liberal
6th Week
International Groups and Organisations
7th Week
International Groups and Organisations
8th Week
Midterm
9th Week
Main Economic Structures and the Macro Policies
10th Week
Some of the Neighbor Economies
11th Week
Underdevelopment and indebtedness
12th Week
Inequality in the income distribution
13th Week
Economic and financial crises
14th Week
Energy related issues
RECOMENDED OR REQUIRED READING
Hobsbawn, E.J; Sanayi ve İmparatorluk, Dost yayınevi. Hacıyev H.Ş , Bayramov E.İ; Dünya Ekon. Tarihi, Gazi yayıncılık. Kindleberger C.P,Aliber R.Z; Finansal Krizler Tarihi, T.İşbank.y. Rodrik, Dani: Akıllı Küreselleşme; Efil yayın. Piketty, Thomas: 21.yy da Kapital; T. İşbankası yayınları Eğilmez, Mahfi: Küresel Finans Krizi; Remzi kitapevi. Sönmez, Sinan: Dünya Ekon.de Dönüşüm; İmge kitapevi. Özatay, Fatih: Finansal Krizler ve Türkiye; Doğan Kitapevi. The Economist: 2016?da Dünya: TEMPO (çeviri). Weiss L, Hobson, J. M: Devletler ve Ekon. Kalkınma; Dost k.evi. Eraslan, Tarık: Ekon. ve Parasal Birlik?; Bşbk. DPT (uzm. tez) OECD ve Dünya Bankası; Web sh.leri (Türkçe bölüm). Dünya Enerji Ajansı ve IMF, OECD; Ülke Raporl. ve Web sh.leri Besson, Jean Louis: Keşifler ve İcatlar ;TÜBİTAK, Pop. bilim.yay. Stiglitz, J.E: The Price of Inequality; Penguin Books. Brezinskı, Zebrew: The Grand Chessboard; Harper Collins Pub. World Energy Outlook 2000; Internatıonal Energy Agency. Ferguson, Neil : The Ascent of Money ; Penguin Books. Rivero,de Oswaldo: The Myth of Development; Zet Books Lmt. Acemoğlu D.Robinson J.A: Why Nations Fail; Profile Books. Pocket World Figures 2011 ed; The Economist The Times: Compact Atlas of the World; Times Books,London. Friedman, Thomas L.: The Lexus and Olive Tree; Globus Dünya. Kaplan, R. D; The Revenge of Geography; RandomHause NY
PLANNED LEARNING ACTIVITIES AND TEACHING METHODS
Lecture,Discussion
ASSESSMENT METHODS AND CRITERIA
Quantity
Percentage(%)
Mid-term
1
40
Total(%)
40
Contribution of In-term Studies to Overall Grade(%)
40
Contribution of Final Examination to Overall Grade(%)
60
Total(%)
100
ECTS WORKLOAD
Activities
Number
Hours
Workload
Midterm exam
1
1
1
Preparation for Quiz
0
0
0
Individual or group work
14
3
42
Preparation for Final exam
1
30
30
Course hours
14
3
42
Preparation for Midterm exam
1
25
25
Laboratory (including preparation)
0
0
0
Final exam
1
1
1
Homework
0
0
0
Total Workload
141
Total Workload / 30
4,7
ECTS Credits of the Course
5
LANGUAGE OF INSTRUCTION
English
WORK PLACEMENT(S)
No
KEY LEARNING OUTCOMES (KLO) / MATRIX OF LEARNING OUTCOMES (LO)