ECO 435 Turkish Economy Course Syllabus Fall Semester

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1 İstanbul Ticaret Üniversitesi Istanbul Commerce University Department of Economics ECO 435 Turkish Economy Course Syllabus Fall Semester COURSE CODE: ECO 435 COURSE LEVEL: 4 th year COURSE TITLE: Turkish Economy LECTURER: Prof. Dr. Murat Yülek myulek@ticaret.edu.tr CREDIT VALUE: 3 Credit Hours ECTS Credit PREREQUISITES: None COREQUISITES: None DURATION OF COURSE: One semester OFFICE HOURS: One hour after class hours COURSE DESCRIPTION The objective of this course is to familiarize the students with the history and current status of the Turkish economy. The students will have exposure to past and current challenges of a developing economy within the global economic system. The course will cover macroeconomic as well as sectoral topics. GENERAL LEARNING OUTCOMES (COMPETENCES) On the successful completion of this course, students are expected to have an understanding of: Macroeconomic and developmental environment that the Turkish economic agents faced and are facing now Macroeconomic and developmental policies implemented during the economic history of Turkey Regulatory and organizational environment International competition and its effects on the Turkish economy Sectoral aspects on the Turkish economy The students are also expected to develop their writing and presentation skills through the report that they will be required to prepare and through classroom presentations and discussions. TEACHING METHODS: This course will be taught through 3 hours of classroom teaching per week. There will be guest speakers. The students will prepare and present an analysis as described below in Report and Presentation Section of this syllabus; the format of the report and that of presentation material is considered important part of the students performance in this course. During the classes, the students are encouraged to bring up current economic issues from books, newspapers, journals or other sources.

2 ASSESSMENT METHOD The assessment of the course will be based on the following table: Research Report (25%) and its presentation (5%) : 30% Paper Presentation : 10% Final Exam : 40% Attendance and Class Participation : 20% Total :100% RESEARCH REPORT and PRESENTATION Each student will be required to prepare a report on a selected research topic and present it in the class. I expect students to collect data and information, process them, develop and present their own ideas. The topic of the report and presentation will be pre-agreed with the instructor. Some examples are: analysis of a sector or sub sector (agricultural, service or industrial); analysis of a company and its market; macroeconomic analysis (e.g. fiscal, or monetary developments). The Report s format as well as content will be assessed for grading. The presentation should be powerpoint (or an equivalent software) based. Plagiarism Note: I expect the students to present their own understanding and ideas; not sentences of paragraphs copied and pasted sentences from other sources. Plagiarism actions such as the following will receive a zero grade in this assignment: direct copy paste from other sources without clearly indicated references of where the text is taken from too many copy-paste sentences from different sources. PAPER/CHAPTER PRESENTATION Each student will select (and have the agreement of the professor) one of the chapters/articles in the reading list and present it in the class. The readings are listed in this syllabus and can be obtained from libraries, the web or from the professor. The presentation times or students will be announced by the professor. The student will have to present at the annonced time. Power point or an equivalent presentation tool is required. ATTENDANCE Attendance is compulsory by university regulations.

3 WEEKLY SCHEDULE The lecture topics within the semester will be presented under the following schedule. Changes in schedule will be communicated to the students. Timing of student presentations will change during the course of the semester. Week Chapter Subject 1 Introduction 2 Turkish Economic History and Development: Turkish economy in the Ottoman Empire to the early Republic Altuğ, Filiztekin and Pamuk (2008) Okyar, O. (1979) Turkish Economic History and Development: , 1950s, , (monetary, fiscal and financial policy, growth performance, import substitution, planning) Aydın (2013); Cankaya (2013: ); Tezel (1982); Boratav (1981); Çeçen, Doğruel and Doğruel (1994); Elmacı (2013: ); Yülek (1991, 1998, 1998b); Öney (1987: ) Öniş, (2006); Ministry of Science and Technology (1973: ); Ministry of Science and Technology (1977: 17-68; ; ; ; ; ); Yülek (1991); Pamuk, Ş. (2008) 6 Turkish economy in the 2000s: Macroeconomic policy (monetary and fiscal policy, inflation, growth and current account balance) Yülek (2007 ve 2008) Eken, S. and S. Schadler, (2012) OECD (2014) IMF (2014) İzmen and Yılmaz. (2009)

4 7 Midterm 8 Turkish economy in the 2000s: EU, The reforms and implementation and the institutional framework Yılmaz (2011) Gönenç, R., O. Röhn, V. Koen and Ş. Saygılı, (2012) Atiyas, I. (2012) Dogan (2011) Bakır, C. and Öniş, Z (2010) 9 Turkey s international economic relations, transportation and energy links Altunışık, M. (2008). Yulek (2011) Saivetz, C. (2009) Tocci (2005) 10 Turkey: Agriculture, income distribution and human development Acar (2006: ) World Bank (2000) Buğra, A. and Ç. Keyder (2006) Human development index Turkey at a Glance Tables (World Bank) Yesilada, Ucer, Aksoy (2010) World Bank (2012) OECD (2013) OECD (2014) 11 Turkey: industrial sector and industrial policies Emmioğlu (2010) Azcanlı (1995: ) ADIGÜZEL (2013: 24-40; ; ) Yülek (2009 and 2016) Taymaz, Voyvoda, and Yılmaz (2012) Ministry of Science, Industry and Technology (2010) Atiyas and Bakış (2013) 12 Student Presentations 13 Student Presentations 14 Student Presentations

5 REFERENCE TEXTS Altuğ, S., A. Filiztekin and Ş. Pamuk (2008) Sources of Long-Term Economic Growth for Turkey, , European Review of Economic History, Vol: 12, pp Atiyas, I. (2012). Economic Institutions and Institutional Change in Turkey during the Neoliberal Era New Perspectives on Turkey, Fall, No. 47, Acar, A.(2006) DTÖ ve AB Işığında Türk Tarımının Geleceği, Ankara,Türkiye, Orion Yayınevi Azcanlı, A.(1995) Türk Otomotiv Sanayiinin Tarihsel Gelişimi, Ankara,Türkiye, Otomotiv Sanayi Derneği Adıgüzel, M. A. (2013) Hayallerini Uçuran Adam, İstanbul, İstanbul Ticaret Odası Altunışık, M. (2008). The Possibilities and Limits of Turkey s Soft Power in the Middle East, Insight Turkey, 10(2), Atiyas, I. and Bakış, O., (2013), Structural Change and Industrial Policy in Turkey, Sabanci University TUSIAD Competitiveness Forum, Working Paper, , Boratav, K. (1981). Kemalist Economic Policies and Etatism, in Ergun Özbudun and Ali Kazancigil (eds.), Atatürk: Founder of a Modern State, Available Bakır, C. and Öniş, Z (2010) The Regulatory State and Turkish Banking Sector Reforms in the Age of Post-Washington Consensus, Development and Change, 41(1), Elmacı, İ. (2013) Cumhuriyet Dönemi Teknoloi Tarihi, (İlaç,Petrol Kimyevi Gübre Teknolojileri) Yayınlanmamış Doktora Tezi, T.C Ankara Üniversitesi Sosyal Bilimler Enstitüsü Felsefe Anabilim Dalı Çeçen, A. A., A. S. Doğruel and F. Doğruel (1994) Economic Growth and Structural Change in Turkey , International Journal of Middle East Studies, 26 (1), February, pp Dogan, N. (2011) Rakamlarla Özelleştirme Türkiye de ve Dünyada Özelleştirme Uygulamaları ve Özelleştirme Fonu nun Kkaynak ve Kullanımları, Özelleştirme İdaresi Başkanlığı Eken, S. and S. Schadler, (2012). Turkey : A Decade of Transition- Discussions Among Experts, DEIK Publications. Emmioğlu K. (2010) Türkiye'de Sanayileşmenin Serüveni, İstanbul: Truva Yayınları Gönenç, R., O. Röhn, V. Koen and Ş. Saygılı, (2012). Structural Reforms to Boost Turkey s Long-Term Growth, OECD Economics Department, ECO/WKP (2012) 64. IMF (2014) Article IV Report İzmen, Ü. and K. Yılmaz. (2009). Turkey's Recent Trade and Foreign Direct Investment Performance in Öniş, Z. and F. Şenses (eds.) Turkey and Global Economy, London: Routledge. Ministry of Food, Agriculture and Livestock (2013) Structural Changes and Reforms on Turkish Agriculture

6 Ministry of Science and Technology (1977) Ağır Sanayi, Ankara, Türkiye, Semih Ofset Ministry of Science and Technology (1973) 50 Yılda Türk Sanayii, Ankara, Mars Matbaası Cankaya, M. (2013) Cumhuriyet Dönemi Türkiye Teknoloji Tarihi (Tarım Alet ve Makineleri, Demir Çelik ve Demiryolu Teknolojileri) Yayınlanmamış Doktora Tezi, T.C Ankara Üniversitesi Sosyal Bilimler Enstitüsü Felsefe Anabilim Dalı Ministry of Science, Industry and Technology (2010) Turkish Industrial Strategy Document (Towards EU Membership) Okyar, O. (1979) Development Background of the Turkish Economy, International Journal of Middle East Studies, Vol: 10, No. 3 pp OECD (2013) Health at a Glance OECD Indicators e ( OECD (2015) Turkey Economic Report Öney, E. (1987) İktisadi Planlama, Ankara, Türkiye, Savaş Yayınları Özkan, A. (2013) İhracat Tacirleri, Ankara, Türkiye, Türkiye İhracatçılar Meclisi Öniş, Z. (2006). Varieties and Crises of Neo-liberal Globalization: Argentina, Turkey and the IMF, Third World Quarterly, 27(2), Pamuk, Ş. (2008). Economic Change in Twentieth Century. Is the Glass More than Half Saivetz, C. (2009). Tangled Pipelines: Turkey s Role in Energy Export Plans, Turkish Studies, 10(1), Tocci, N. (2005). Europeanization in Turkey: Trigger or Anchor for Reform, South European Society and Politics, 10(1). Tezel, Y. S. (1982). Cumhuriyet Döneminin İktisadi Tarihi (Vol. 4). Yurt Yayınevi. Taymaz, E., Voyvoda, E. and K. Yılmaz (2012) Transition to Democracy, Real Wages and Productivity: Evidence from the Turkish Manufacturing Industry, World Bank (2000) Turkey: Economic Reforms, Living Standards and Social Welfare Study World Bank (2012) Turkey at a Glance. Yesilada, A., Ucer, M., Aksoy, I. (2010) Turkish Agricultural Sector, Egeli & Co. Yılmaz, K. (2011). The EU Turkey Customs Union Fifteen Years Later: Better, Yet not the Best Alternative, South European Society and Politics,16(2), Yülek, M., (1991) Şili ( ) ve İsrail (1985) Tecrübeleri Işığında 5 Nisan Kararlarının Değerlendirilmesi

7 Yülek, M. (1998a) Financial Policy in a Repressed Economy: Turkey Sermaye Piyasası Kurulu. Yülek, M. (1998b) Financial Liberalization and the Real Economy: The Turkish Case. Sermaye Piyasası Kurulu. Yülek, M., (2009) Türkiye ve Küreselleşen Dünya Üzerine Notlar. Bilgesel Yayınları. Yülek, M., (2011) Emerging International Importance of Railways and Baku-Tblisi-Kars Railway Connection Project, içinde yer aldığı kitap: Improving Relations among Turkey, Caucasus and Central Asia through Cooperation in Trade, Energy and Transportation, Bulut, M. ve R. Aydın. Yülek, M. (2009a) IMF ye ne İhtiyaç Var, Infomag, 2009/11, November Yülek, M., Türkiye de Devlet Borçları: Uluslararası Karşılaştırmalar, içinde yer aldığı kitap: Türkiye nin Borçları ve Cari Açıklar Meselesi, MUSIAD, Yülek, M., (2007) Türkiye Ekonomisi ve Sonrası: Arkaplan, Trendler & Riskler içinde yer aldığı kitap: Türkiye nin Dönemsel Değişimine Genel Bir Bakış, MUSIAD. Yülek, M., (2009b) Turkey Country Analysis: Alive and Kicking, Finance Corporate Finance in Europe, Frankfurt. Yülek, M., (2016) Industrial Policies and Outcomes: A Comparison of pre-liberalization Turkey and Korea, Journal of Comparative Asian Development