Economics (English)
Bachelor TR-NQF-HE: Level 6 QF-EHEA: First Cycle EQF-LLL: Level 6

Course Introduction and Application Information

Course Code: UNI243
Course Name: History of Economics
Semester: Fall
Course Credits:
ECTS
5
Language of instruction: English
Course Condition:
Does the Course Require Work Experience?: No
Type of course: University Elective
Course Level:
Bachelor TR-NQF-HE:6. Master`s Degree QF-EHEA:First Cycle EQF-LLL:6. Master`s Degree
Mode of Delivery: Face to face
Course Coordinator: Doç. Dr. ÇİĞDEM GÜRSOY
Course Lecturer(s):
Course Assistants:

Course Objective and Content

Course Objectives: The aim of the course is to provide students with a basic knowledge about the historical development of economic processes and institutions, changes in production, distribution and consumption patterns and the unique development of factors of production in the world in general and Western European context in particular.
Course Content: The course starts with the introductions of several concepts and definitions in economics and economic history. Then, the economic understandings of ancient civilizations, medieval world and pre-capitalist world will be studied. Afterwards, the emergence of modern economy at the dawn of industrial revolution will be analyzed. Together with industrial revolution, modern economy with many new institutions will be introduced and modern world economy with modern civilizations will be studied until 21st century.

Learning Outcomes

The students who have succeeded in this course;
1) Have a general comprehension about the history of the world economy.
2) Learn the differences between leader and follower economies of the world economic history.
3) Comprehend the reasons for failures and successes of leading and follower nations in the history.
4) Learn the effects of government policies on markets and economic actors.

Course Flow Plan

Week Subject Related Preparation
1) Economic Development and Growth
2) Emergence of Civilization, Economies of Ancient Times
3) Agrarian ad Rural Society, Crisis of the Medieval Economy
4) The World of Islam, Ottoman State
5) Overseas Expansions, Commercial Organizations, Price Revolution
6) Mercantilism
7) Industrial Revolution, Modern Industries, Pre-Capitalist Period
8) MIDTERM
9) Technological Developments, New Institutions
10) Great Britain, USA, Belgium, France, Germany
11) Switzerland, Scandinavia, Russia, Japan, European Continent
12) Agriculture, Finance, State
13) Population, Technology and Institutions
14) Inter-War Period between WW I and WW II, Post-War Period

Sources

Course Notes / Textbooks: A Concise Economic History of the World, Oxford Univ. Press, 2nd to 5th edition. by Rondo Cameron and Larry Neal
References: Instructor’s notes on Feudalism and Capitalism

Course - Program Learning Outcome Relationship

Course Learning Outcomes

1

2

3

4

Program Outcomes
1) They have a broad and interdisciplinary perspective on economics using other social sciences and mathematics.
2) They have knowledge and skill about different functions and interactions of economy.
3) They use different theoretical approaches to comprehend and solve various economic problems.
4) They are aware of the needs of society and use their knowledge of economics to meet these needs.
5) They have in-depth knowledge on the current issues of the Turkish economy and the global economy.
6) They have in-depth knowledge on the history of the Turkish economy and basic level knowledge on the history of the global economy.
7) Using various statistical techniques and numerical methods, they establish correct economic models and make analyzes by using statistical programs effectively.
8) They use a foreign language at least at the B1 General Level in terms of European Language Portfolio criteria according to the level of education.
9) They improve their skills of teamwork, negotiation, leadership and entrepreneurship.
10) They have universal ethical values, social responsibility awareness and adequate knowledge of business law.
11) Being able to develop positive attitudes with regards to lifelong learning, they identify their individual learning needs and carry out studies to fulfil them.
12) They express their ideas and solution proposals concerning their field both written and orally, and present and publish them on both national and international platforms.
13) They use information and communication technologies together with a computer software required by the field at least at advanced level of European Computer Driving License .

Course - Learning Outcome Relationship

No Effect 1 Lowest 2 Average 3 Highest
       
Program Outcomes Level of Contribution
1) They have a broad and interdisciplinary perspective on economics using other social sciences and mathematics.
2) They have knowledge and skill about different functions and interactions of economy.
3) They use different theoretical approaches to comprehend and solve various economic problems.
4) They are aware of the needs of society and use their knowledge of economics to meet these needs.
5) They have in-depth knowledge on the current issues of the Turkish economy and the global economy.
6) They have in-depth knowledge on the history of the Turkish economy and basic level knowledge on the history of the global economy.
7) Using various statistical techniques and numerical methods, they establish correct economic models and make analyzes by using statistical programs effectively.
8) They use a foreign language at least at the B1 General Level in terms of European Language Portfolio criteria according to the level of education.
9) They improve their skills of teamwork, negotiation, leadership and entrepreneurship.
10) They have universal ethical values, social responsibility awareness and adequate knowledge of business law.
11) Being able to develop positive attitudes with regards to lifelong learning, they identify their individual learning needs and carry out studies to fulfil them.
12) They express their ideas and solution proposals concerning their field both written and orally, and present and publish them on both national and international platforms.
13) They use information and communication technologies together with a computer software required by the field at least at advanced level of European Computer Driving License .

Assessment & Grading

Semester Requirements Number of Activities Level of Contribution
Midterms 1 % 40
Final 1 % 60
total % 100
PERCENTAGE OF SEMESTER WORK % 40
PERCENTAGE OF FINAL WORK % 60
total % 100

Workload and ECTS Credit Calculation

Activities Number of Activities Preparation for the Activity Spent for the Activity Itself Completing the Activity Requirements Workload
Course Hours 14 1 3 56
Study Hours Out of Class 14 0 2 28
Midterms 1 15 1 16
Final 1 25 1 26
Total Workload 126