Turkish Economy (ECON401) Course Detail

Course Name Course Code Season Lecture Hours Application Hours Lab Hours Credit ECTS
Turkish Economy ECON401 7. Semester 3 0 0 3 7
Pre-requisite Course(s)
Course Language English
Course Type Compulsory Departmental Courses
Course Level Bachelor’s Degree (First Cycle)
Mode of Delivery Face To Face
Learning and Teaching Strategies Lecture, Demonstration.
Course Coordinator
Course Lecturer(s)
  • Prof. Dr. Sinan Sönmez
Course Assistants
Course Objectives To explain the nature, the basic features, and the outcome of the economic policies as from the proclamation of the Republic till to end of 1970s.
Course Learning Outcomes The students who succeeded in this course;
  • To understand the main economic, and social problems at the earlier stages of the Republic.
  • To understand the linkage between capital accumulation regimes and the nature of the economic policies.
  • To understand the impact of the 1929 world crisis in designing the economic policy in Turkey, and the economic-social-political context of the transition to etatism
  • To learn the basic features, and the outcome of etatist economic policies.
  • To learn and understand the nature of planning, and the main mechanisms of the foreign debt crisis which occurred towards the end of the 1970s as well as its impact on the society.
Course Content Oveview of the economic policy from 1923 to 1980; (January) 1980  stabilization and structural adjustment program; new financial cycle and economic-financial crisis (1994,1998, 2000, 2001), 17th, 18th, 19th stand-by arrangements and structural reforms; the impact of the 2008-2009 financial crisis and the further developments.

Weekly Subjects and Releated Preparation Studies

Week Subjects Preparation
1 The economic implications of the Treaty of Lausanne and –İzmir- Economic Congress. Hershlag, pp.7-30; Boratav, pp.19-37; Ökçün (whole book)
2 Economic recovery : openness of the economy (1923-1929). Hershlag, pp.33-74; Boratav, pp. 39-58
3 Outcomes of economic recovery and the conditions preparing the etatist period (1929-1932) Hershlag, pp. 33-74; Boratav, pp. 39-58
4 Import substituting industrialization under protective foreign trade regime (1933-1939)-part I Hershlag, pp. 75-172; Boratav, pp. 58-80; Kazgan, pp. 43-92
5 Import substituting industrialization under protective foreign trade regime-part II Hershlag, pp. 75-112; Boratav, pp. 58-80; Kazgan, pp. 43-92
6 Fracture: World War II (1940-1945) Hershlag, pp. 177-192; Boratav, 81-92
7 Midterm exam
8 Liberal economic policies: A new attempt of articulation with the world capitalist system (1946-1953) Hershlag, pp. 177-267; Boratav, 93-106; Kazgan, pp. 93-128
9 Liberal economic policies: A new attempt of articulation with the world capitalist system (1946-1953) Hershlag, pp. 177-267; Boratav, 93-106; Kazgan, pp. 93-128
10 Economic bottlenecks: Interventionism and readjustment (1954-1961). Hershlag, pp. 177-267; Boratav, 93-106; Kazgan, pp. 93-128
11 A new strategy of development based on planning (1961-1962) Boratav, pp.117-144; Hale, 141-158
12 Inward looking and dependent expansion (import substituting industrialization, 1962-1977) Boratav, pp. 117-144; Hale, 141-158
13 Foreign debt crisis and economic recession (1978-1979). Boratav, pp, 117-144; Hale, pp. 161-249; Kazgan, pp. 135-193
14 Economic and social problems in Turkey in the eve of her engagement to neo-liberal model Referred publications
15 General evaluation and discussion
16 Final Exam


Course Book 2. Hershlag, Z.Y. (1958), Turkey, An Economy in Transition,Uitgeverij Van Keulen N.V., The Hague.
3. Hale, W. (1981), The Political and Economic Development of Modern Turkey, Croom Helm, London.
4. Boratav.Korkut, (2003), Türkiye İktisat Tarihi, 1908-2002, 7.Baskı, İmge Yayınevi, Ankara.
5. Kazgan, Gülten, (2005), Türkiye Ekonomisinde Krizler (1929-2001), İstanbul Bilgi Üniv., Yay.
Other Sources 6. Kazgan, Gülten,(1999), Tanzimat’tan XXI.Yüzyıla Türkiye Ekonomisi,Altın Kitaplar,İstanbul (or İstanbul Bilgi Üniv. Yay., Nisan 2002)
7. Kepenek, Yakup ve Yentürk, Nurhan, (2003), Türkiye Ekonomisi, 11 baskı, Remzi Kitabevi, İstanbul. (veya son baskı)
8. Ökçün, Gündüz,(1997),Türkiye İktisat Kongresi, 1923-İzmir, Haberler-Belgeler-Yorumlar, SPK Yay., No:59, Ankara
9. ( İnan, Afet, (1982), İzmir İktisat Kongresi, 17 Şubat-4 Mart 1923, TTK Yay., Ankara.
10. Kuruç, Bilsay, (1988), Belgelerle Türkiye İktisat Politikası (1929-1932), ı. Cilt, A.Ü., SBF Yay. No: 569, Ankara.
11. Kuruç, Bilsay (1993), Belgelerle Türkiye İktisat Politikası (1933-1935), 2. Cilt, A.Ü., SBF Yay. No: 580, Ankara.
12. Tezel, Yahya Sezai (1994),Cumhuriyet Döneminin İktisadi Tarihi (1923-1950), 3. Baskı, Tarih Vakfı/ Yurt Yay., İstanbul
13. DPT, Beş Yıllık Kalkınma Planları (ilk üç plan).

Evaluation System

Requirements Number Percentage of Grade
Attendance/Participation - -
Laboratory - -
Application - -
Field Work - -
Special Course Internship - -
Quizzes/Studio Critics - -
Homework Assignments 2 10
Presentation - -
Project - -
Report - -
Seminar - -
Midterms Exams/Midterms Jury 1 40
Final Exam/Final Jury 1 50
Toplam 4 100
Percentage of Semester Work 50
Percentage of Final Work 50
Total 100

Course Category

Core Courses
Major Area Courses
Supportive Courses
Media and Managment Skills Courses
Transferable Skill Courses

The Relation Between Course Learning Competencies and Program Qualifications

# Program Qualifications / Competencies Level of Contribution
1 2 3 4 5
1 Acquiring the skills of understanding, explaining, and using the fundamental concepts and methods of economics X
2 Acquiring the skills of macro level economic analysis X
3 Acquiring the skills of micro level economic analysis X
4 Understanding the formulation and implementation of economic policies at the local, national, regional, and/or global level X
5 Learning different approaches on economic and related issues X
6 Acquiring the quantitative and/or qualitative techniques in economic analysis
7 Improving the ability to use the modern software, hardware and/or technological devices X
8 Developing intra-disciplinary and inter-disciplinary team work skills X
9 Acquiring an open-minded behavior through encouraging critical analysis, discussions, and/or life-long learning X
10 Adopting work ethic and social responsibility X
11 Developing the skills of communication. X
12 Improving the ability to effectively implement the knowledge and skills in at least one of the following areas: economic policy, public policy, international economic relations, industrial relations, monetary and financial affairs. X

ECTS/Workload Table

Activities Number Duration (Hours) Total Workload
Course Hours (Including Exam Week: 16 x Total Hours) 16 3 48
Special Course Internship
Field Work
Study Hours Out of Class 16 5 80
Presentation/Seminar Prepration
Homework Assignments 3 5 15
Quizzes/Studio Critics 1 1 1
Prepration of Midterm Exams/Midterm Jury 1 14 14
Prepration of Final Exams/Final Jury 1 20 20
Total Workload 178