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Code ECON 492
Term 201202
Title Seminar on the Turkish Economy
Faculty Faculty of Arts and Social Sciences
Subject Economics(ECON)
SU Credit 3
ECTS Credit 6.00 / 6.00 ECTS (for students admitted in the 2013-14 Academic Year or following years)
Instructor(s) Hasan Ersel,
Detailed Syllabus
Language of Instruction English
Level of Course Undergraduate
Type of Course Click here to view.
(only for SU students)
Mode of Delivery Seminar
Planned Learning Activities Discussion based learning

Different development strategies such as import substitution and import promotion; current economic issues in Turkey(from 1923 until present)


The purpose of this seminar is to enable you to better understand the recent developments in the Turkish economy through utilizing your knowledge in economics. The emphasis will be on policy choices of Turkey on her way towards EU accession and Turkey's preparations for EU negotiations.

Learning Outcome

On completion the module, students are able to

a) Apply their economic knowledge to the concrete problems of the Turkish economy,
b) Define the economic policy making process in Turkey,
c) Describe the role and the limitations of the government in Turkish economic life.
d) Identify the links between concrete economic problems of Turkey and economic theory
e) Identify the interactions between political decision making and economic analysis in the context of Turkey
g) Develop problem-solving and independent study skills
h) Use of SUCourse to develop IT skills
i) Critical use of daily news in economic analysis

Programme Outcomes
Common Outcomes For All Programs
1 Understand the world, their country, their society, as well as themselves and have awareness of ethical problems, social rights, values and responsibility to the self and to others. 5
2 Understand different disciplines from natural and social sciences to mathematics and art, and develop interdisciplinary approaches in thinking and practice. 5
3 Think critically, follow innovations and developments in science and technology, demonstrate personal and organizational entrepreneurship and engage in life-long learning in various subjects. 3
4 Communicate effectively by oral, written, graphical and technological means and have competency in English. 5
5 Take individual and team responsibility, function effectively and respectively as an individual and a member or a leader of a team. 3
Common Outcomes ForFaculty of Arts & Social Sci.
1 Develop a thorough knowledge of theories, concepts, and research methods in the field and apply them in research design and data analysis. 5
2 Assess the impact of the economic, social, and political environment from a global, national and regional level. 5
3 Know how to access written and visual, primary and secondary sources of information, interpret concepts and data from a variety of sources in developing disciplinary and interdisciplinary analyses. 5
1 Demonstrate an understanding of economics, and main functional areas of management.
2 Assess the impact of the economic, social, and political environment from a global, national and regional level.
Assessment Methods and Criteria
  Percentage (%)
Final 30
Midterm 30
Individual Project 40
Recommended or Required Reading

Acocella, Nicola: The Foundations of Economic Policy-Values and Techniques, Cambridge: Cambridge University Press, 1998; Chapters 1, 8 and 9.

Ersel, H. and A. Filiztekin (2008): ?Incentives or Compensation? Government Support for Private Investment in Turkey?, in Ahmed Galal (Ed.): Industrial Policy in the Middle East and North Africa, Cairo: The American University in Cairo Press, pp. 35-50.

Ersel, H. and F. Ozatay (2009): ?Fiscal Dominance and Inflation Targeting: Lessons from Turkey?, Emerging Markets Finance and Trade, Vol. 44, pp. 21-35.

Ersel, H. and F. Ozatay (2007): ?The EU Negotiations as a Reform Strategy-Turkey?s Problem Ahead?, in William Barnett & Melvin Hinich (eds.): Topics in Analytical Political Economy, (International Symposia in Economic Theory and Econometrics, Vol. 17), Amsterdam: Elsevier, pp. 83-104.

Ersel, H. and F. Ozatay (2009): ?The EU or National Reform Program for Turkey: Does the Political Feasibility Depend on the EU?s Absorption Capacity?, ?ktisat ?sletme ve Finans, Vol. 24, N0 285, December, pp. 9-31.

Hoekman, B. & S. Togan: Turkey-Economic Reform & Accession to the European Union, Wahington D.C. World Bank and the Center of Economic Policy Research Publication, Washington D.C, 2005. (Surveys the economic issues concerning Turkey?s membership to the European Union)

Owen, Roger & Sevket Pamuk (1998): A History of Middle East Economies in the Twentieth Century, London:I.B. Taurus, pp.10-29 & pp. 104-126.

Togan, S. and H. Ersel (2007): ?Current Account Sustainability-The Case of Turkey?, in E. Basci, S. Togan and J. von Hagen (eds.): Macroeconomic Policies for EU Accession, Aldershot: Edward Elgar, pp. 268-293.