| Economics (English) | |||||
| Bachelor | TR-NQF-HE: Level 6 | QF-EHEA: First Cycle | EQF-LLL: Level 6 | ||
| Course Code: | ECO109 | ||||
| Course Name: | History of Economics | ||||
| Semester: | Fall | ||||
| Course Credits: |
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| Language of instruction: | English | ||||
| Course Condition: | |||||
| Does the Course Require Work Experience?: | No | ||||
| Type of course: | Compulsory Courses | ||||
| Course Level: |
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| Mode of Delivery: | Face to face | ||||
| Course Coordinator: | Doç. Dr. AYFER USTABAŞ | ||||
| Course Lecturer(s): | Assoc. Dr. Ayfer Ustabas | ||||
| Course Assistants: |
| Course Objectives: | It is aimed that students will be able to interpret the developments in the world economy in terms of history of economics and to explore factors that helped or hindered countries to industrialize. In this context, it will focus on economic development and how it shapes today's world by focusing on the history of contemporary society. |
| Course Content: | This course is concerned with the history of economics from the ancient times to the present day and includes below listed topics: History of World Economy (Ancient economies, World Economy in the Early Middle Ages and in the Late Middle Ages); Geographical Discoveries and Economic Consequences; Industrial Revolution; Industrialization and Economic Changes in the 19th Century; Spread of Industrialization, World Economy in the 20th Century (Wars and Economic Performance, Structural Changes); World Economy in the 21st Century (New Protectionism and Trade Wars, Economic Performance), and finally current economic issues. |
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The students who have succeeded in this course;
1) Learning about the phases of economic history 2) Knowledge about the basis of human history, agriculture, industry and trade, the social structures that emerged on this basis, the primitive, feudal, capitalist forms of production. 3) Obtaining information about the issues in the field of economy from the past to the present and how to overcome these issues. 4) Understanding the process leading to the Industrial Revolution which is considered as the beginning of the capitalist system and evaluating its results. |
| Week | Subject | Related Preparation |
| 1) | Introduction to Course: History of Economics as a Field of Science | |
| 2) | History of World Economy, Ancient economies | |
| 3) | History of World Economy, Early Middle Ages | |
| 4) | History of World Economy, Late Middle Ages | |
| 5) | Geographical Discoveries and Economic Consequences | |
| 6) | Industrial Revolution | |
| 7) | Midterm Exam | |
| 8) | Industrialization and Economic Changes in the 19th Century, Spread of Industrialization | |
| 9) | World Economy in the 20th Century: Wars and Economic Performance | |
| 10) | World Economy in the 20th Century: Structural Changes | |
| 11) | World Economy in the 21st Century: New Protectionism and Trade Wars | |
| 12) | World Economy in the 21st Century: Economic Performance | |
| 13) | Current economic issues | |
| 14) | Review of the semester | |
| 15) | Final Exam |
| Course Notes / Textbooks: | Angus Maddison- Growth and Interaction in the World Economy, The Roots of Modernity, (2004). T. Piketty, & A. Goldhammer, Capital in the twenty-first century: The dynamics of inequality, wealth, and growth. Cambridge Massachusetts: The Belknap Press of Harvard University Press. (2014). Robert C. Allen, Global Economic History: A Very Short Introduction, Oxford University Press (2011). |
| References: | Daron Acemoğlu- James A. Rabinson, Why Nations Fail: Origins of Power, Poverty and Prosperity (2012). |
| Course Learning Outcomes | 1 |
2 |
3 |
4 |
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| Program Outcomes | |||||||||||||
| 1) They have a broad and interdisciplinary perspective on economics using other social sciences and mathematics. | 3 | 3 | 3 | 3 | |||||||||
| 2) They have knowledge and skill about different functions and interactions of economy. | 2 | 2 | 2 | 2 | |||||||||
| 3) They use different theoretical approaches to comprehend and solve various economic problems. | 2 | 2 | 2 | 2 | |||||||||
| 4) They are aware of the needs of society and use their knowledge of economics to meet these needs. | 2 | 2 | 2 | 2 | |||||||||
| 5) They have in-depth knowledge on the current issues of the Turkish economy and the global economy. | 2 | 2 | 2 | 2 | |||||||||
| 6) They have in-depth knowledge on the history of the Turkish economy and basic level knowledge on the history of the global economy. | 3 | 3 | 3 | 3 | |||||||||
| 7) Using various statistical techniques and numerical methods, they establish correct economic models and make analyzes by using statistical programs effectively. | 1 | 1 | 1 | 1 | |||||||||
| 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. | 2 | 2 | 2 | 2 | |||||||||
| 9) They improve their skills of teamwork, negotiation, leadership and entrepreneurship. | 1 | 1 | 1 | 1 | |||||||||
| 10) They have universal ethical values, social responsibility awareness and adequate knowledge of business law. | 3 | 3 | 3 | 3 | |||||||||
| 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. | 3 | 3 | 3 | 3 | |||||||||
| 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. | 3 | 3 | 3 | 3 | |||||||||
| 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 . | 1 | 1 | 1 | 1 | |||||||||
| 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. | 3 |
| 2) | They have knowledge and skill about different functions and interactions of economy. | 2 |
| 3) | They use different theoretical approaches to comprehend and solve various economic problems. | 2 |
| 4) | They are aware of the needs of society and use their knowledge of economics to meet these needs. | 2 |
| 5) | They have in-depth knowledge on the current issues of the Turkish economy and the global economy. | 2 |
| 6) | They have in-depth knowledge on the history of the Turkish economy and basic level knowledge on the history of the global economy. | 3 |
| 7) | Using various statistical techniques and numerical methods, they establish correct economic models and make analyzes by using statistical programs effectively. | 1 |
| 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. | 2 |
| 9) | They improve their skills of teamwork, negotiation, leadership and entrepreneurship. | 1 |
| 10) | They have universal ethical values, social responsibility awareness and adequate knowledge of business law. | 2 |
| 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. | 3 |
| 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. | 3 |
| 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 . | 1 |
| Semester Requirements | Number of Activities | Level of Contribution |
| Midterms | 1 | % 40 |
| Final Pratik | 1 | % 60 |
| total | % 100 | |
| PERCENTAGE OF SEMESTER WORK | % 100 | |
| PERCENTAGE OF FINAL WORK | % | |
| total | % 100 | |
| Activities | Number of Activities | Workload |
| Course Hours | 15 | 45 |
| Study Hours Out of Class | 14 | 14 |
| Midterms | 7 | 21 |
| Final | 14 | 42 |
| Total Workload | 122 | |