International Trade and Business (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: Spring
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) Has a broad and interdisciplinary perspective on international business and trade by the use of social sciences and mathematics,
2) Possess the knowledge and skills related to different functions and interactions of international business and trade.
3) Possess the knowledge and skills to interpret the data, concepts and ideas in the field of international business and trade with scientific and technological methods.
4) Use different theoretical approaches to understanding and solving various business and trade problems.
5) Explains the competitiveness of the countries with the requirements of international competition and interprets the functioning of the actors and regulatory structures in the international environment.
6) Understands the value of developing new trade projects and generating strategies within international market needs.
7) Solves complex business and global trade problems by using various statistical techniques and numerical methods and makes analyzes by using statistical programs effectively.
8) Uses a foreign language at the B1 General Level in terms of European Language Portfolio criteria according to the level of education.
9) Develops teamwork, negotiation, leadership and entrepreneurship skills.
10) Possess the knowledge of universal ethical values, social responsibility and sufficient legal and regulatory knowledge.
11) Develops positive attitudes related to lifelong learning and identifies individual learning needs and carries out studies to correct them.
12) Students will be able to communicate their ideas and solutions both written and orally, and present and publish them on both national and international platforms.
13) Uses information and communication technologies together with computer software at the advanced level of European Computer Using License required by the field.

Course - Learning Outcome Relationship

No Effect 1 Lowest 2 Average 3 Highest
       
Program Outcomes Level of Contribution
1) Has a broad and interdisciplinary perspective on international business and trade by the use of social sciences and mathematics,
2) Possess the knowledge and skills related to different functions and interactions of international business and trade.
3) Possess the knowledge and skills to interpret the data, concepts and ideas in the field of international business and trade with scientific and technological methods.
4) Use different theoretical approaches to understanding and solving various business and trade problems.
5) Explains the competitiveness of the countries with the requirements of international competition and interprets the functioning of the actors and regulatory structures in the international environment.
6) Understands the value of developing new trade projects and generating strategies within international market needs.
7) Solves complex business and global trade problems by using various statistical techniques and numerical methods and makes analyzes by using statistical programs effectively.
8) Uses a foreign language at the B1 General Level in terms of European Language Portfolio criteria according to the level of education.
9) Develops teamwork, negotiation, leadership and entrepreneurship skills.
10) Possess the knowledge of universal ethical values, social responsibility and sufficient legal and regulatory knowledge.
11) Develops positive attitudes related to lifelong learning and identifies individual learning needs and carries out studies to correct them.
12) Students will be able to communicate their ideas and solutions both written and orally, and present and publish them on both national and international platforms.
13) Uses information and communication technologies together with computer software at the advanced level of European Computer Using License required by the field.

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