| Course Unit Code | Course Unit Title | Type of Course Unit | Year of Study | Semester | Number of ECTS Credits | | İKT2112013221 | GLOBAL ECONOMIC PROBLEMS | Elective | 2 | 3 | 4 |
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| Level of Course Unit |
| First Cycle |
| Objectives of the Course |
| This unit equips students with an historical and analytical understanding of economic issues in the context of globalization. It will provide an overview of the recent evolution of patterns of world production, trade, investment and finance. The development and role of policy-making institutions at national, regional, and global levels will be discussed. The central question with which the course will be concerned is this: can national governments effectively manage their economies in today's highly integrated world economy? Students will be exposed to diverse views and will be encouraged to take a questioning approach to the concepts and to the use of evidence. |
| Name of Lecturer(s) |
| Öğrt.Gör Hüseyin KOÇAK |
| Learning Outcomes |
| 1 | Explain the causes and alternative interpretations of globalization. | | 2 | Compare the advantages and disadvantages of international trade and investment. | | 3 | Discuss the effects of the international economic institutions on national economies. | | 4 | Be able to analyze the causes of the global financial crisis. |
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| Mode of Delivery |
| Evening Education |
| Prerequisites and co-requisities |
| None |
| Recommended Optional Programme Components |
| None |
| Course Contents |
| This course aims to discuss the important developments in the modern world economy. In order to facilitate a deeper understanding of these developments we will first have a brief historical overview of the world economy and investigate international trade, foreign investment and regional integration as the key pillars of globalization process. After defining globalisation and review its alternative interpretations, we will investigate a number of international economic institutions that play an instrumental role in the globalisation process. The impact of globalisation on global inequality will be investigated. Then, we will have two case studies on the role of the state in the economy: privatization policies and the “East Asia Miracle”. Finally, the recent financial crisis and its impact on the Turkey's economy will be discussed. We will complete the semester with two discussion sessions. |
| Weekly Detailed Course Contents |
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| 1 | Theoretical background: markets versus states | | | | 2 | A brief historical perspective. | | | | 3 | International trade. | | | | 4 | Foreign investment & regional integration. | | | | 5 | Globalization and the state. | | | | 6 | International economic institutions (World Bank, IMF and WTO). | | | | 7 | Global poverty and inequality. | | | | 8 | Privatization and debt crisis. | | | | 9 | mid-term exam | | | | 10 | East Asian Miracle. | | | | 11 | International Lending and Financial Crises. | | | | 12 | Global financial crisis of 2008-9. | | | | 13 | Orthodox versus heterodox policies: Argentina and Turkey. | | | | 14 | Question Time debate | | | | 15 | final exam | | |
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| Recommended or Required Reading |
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| Planned Learning Activities and Teaching Methods |
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| Assessment Methods and Criteria | |
| SUM | 0 | |
| SUM | 0 | | Yarıyıl (Yıl) İçi Etkinlikleri | 40 | | Yarıyıl (Yıl) Sonu Etkinlikleri | 60 | | SUM | 100 |
| | Language of Instruction | | Turkish | | Work Placement(s) | | None |
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| Workload Calculation |
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| Midterm Examination | 1 | 2 | 2 |
| Final Examination | 1 | 2 | 2 |
| Discussion | 7 | 1 | 7 |
| Question-Answer | 7 | 1 | 7 |
| Criticising Paper | 10 | 2 | 20 |
| Self Study | 10 | 1 | 10 |
| Individual Study for Mid term Examination | 7 | 4 | 28 |
| Individual Study for Final Examination | 7 | 4 | 28 |
| Reading | 10 | 3 | 30 |
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| Contribution of Learning Outcomes to Programme Outcomes |
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| * Contribution Level : 1 Very low 2 Low 3 Medium 4 High 5 Very High |
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