İstanbul Ticaret Üniversitesi Istanbul Commerce University Department of Economics

ECO 405 Turkish Economy Course Syllabus 2014 – 2015 Fall Semester COURSE CODE:

ECO 405

COURSE TITLE: LECTURER: CREDIT VALUE: PREREQUISITES: COREQUISITES: DURATION OF COURSE: OFFICE HOURS:

Turkish Economy Prof. Dr. Murat Yülek 3 Credit Hours None None

COURSE LEVEL:

4th year

[email protected] ECTS Credit

One semester One hour after class hours

COURSE DESCRIPTION The objective of this course is to familiarize the students with the history and current status of the Turkish economy. The students will have exposure to past and current challenges of a developing economy within the global economic system. The course will cover macroeconomic as well as sectoral topics. GENERAL LEARNING OUTCOMES (COMPETENCES) On the successful completion of this course, students are expected to have an understanding of:  Macroeconomic and developmental environment that the Turkish economic agents faced and are facing now  Macroeconomic and developmental policies implemented during the economic history of Turkey  Regulatory and organizational environment  International competition and its effects on the Turkish economy  Sectoral aspects on the Turkish economy The students are also expected to develop their writing and presentation skills through the report that they will be required to prepare and through classroom presentations and discussions. TEACHING METHODS: This course will be taught through 3 hours of classroom teaching per week. There will be guest speakers. The students will prepare and present an analysis as described below in “Report and Presentation” Section of this syllabus; the format of the report and that of presentation material is considered important part of the students’ performance in this course. During the classes, the students are encouraged to bring up current economic issues from books, newspapers, journals or other sources. V.01.10.2013

ASSESSMENT METHOD The assessment of the course will be based on the following table: Research Report (20%) and Presentation (10%) : 30% Paper Presentation : 20% Final Exam : 40% Attendance and Class Participation : 10% Total :100% RESEARCH REPORT and PRESENTATION Each student will be required to prepare a report on a selected research topic and present it in the class. The topic of the report and presentation will be pre-agreed with the instructor. The report’s format as well as content will be assessed for grading. The presentation should be powerpoint (or an equivalent software) based. PAPER/CHAPTER PRESENTATION Each student will select (and have the agreement of the professor) one of the chapters/articles in the reading list and present it in the class. Power point or an equivalent presentation tool is required. Selected readings are listed in this syllabus and distributed along the weekly time schedule. ATTENDANCE Attendance is compulsory by university regulations. WEEKLY SCHEDULE The lecture topics within the semester will be presented under the following schedule. Changes in schedule will be communicated to the students. Timing of student presentations will change during the course of the semester. Week 1 2

3-4-5

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Chapter

Subject Introduction Turkish Economic History and Development: Turkish economy in the Ottoman Empire to the early Republic Readings: Altuğ, Filiztekin and Pamuk (2008) Okyar, O. (1979) Turkish Economic History and Development: 1923-1950, 1950s, 1960-1980, 1980-2000 (monetary, fiscal and financial policy, growth performance, import substitution, planning) Readings: Aydın (2013) Tezel (1982) Boratav (1981) Çeçen, Doğruel and Doğruel (1994) Yülek (1991, 1998, 1998b) Öney (1987: 258-307) Öniş, (2006) Sanayi ve Teknoloji Bakanlığı (1973: 143-153) Sanayi ve Teknoloji Bakanlığı (1977: 17-68; 207-254; 429-442; 443-494; 537-564; 565-590) Yülek (1991) Pamuk, Ş. (2008)

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REFERENCE TEXTS V.01.10.2013

Turkish economy in the 2000s: Macroeconomic policy (monetary and fiscal policy, inflation, growth and current account balance) Readings: Yülek (2007 ve 2008) Eken, S. and S. Schadler, (2012) OECD (2014) IMF (2014) İzmen and Yılmaz. (2009) Midterm Turkish economy in the 2000s: EU, The reforms and implementation and the institutional framework Readings: Yılmaz (2011) Gönenç, R., O. Röhn, V. Koen and Ş. Saygılı, (2012) Atiyas, I. (2012) Dogan (2011) Bakır, C. and Öniş, Z (2010) Turkey’s international economic relations, transportation and energy links Readings: Altunışık, M. (2008). Yulek (2011) Saivetz, C. (2009) Tocci (2005) Turkey: Agriculture, income distribution and human development Readings: Acar (2006: 75-114) World Bank (2000) Buğra, A. and Ç. Keyder (2006) Human development index Turkey at a Glance Tables (World Bank) Yesilada, Ucer, Aksoy (2010) World Bank (2012) OECD (2013) OECD (2014) Turkey: industrial sector and industrial policies Readings: Emmioğlu (2010) Azcanlı (1995: 24-155) ADIGÜZEL (2013: 24-40; 115-125; 151-186) Yülek (2009) Taymaz, Voyvoda, and Yılmaz (2012) Atiyas, Bakış (2013) Student Presentations Student Presentations Student Presentations

Altuğ, S. , A. Filiztekin and Ş. Pamuk (2008) Sources of Long-Term Economic Growth for Turkey, 1880 – 2005”, European Review of Economic History, Vol: 12, pp. 393-430. Atiyas, I. (2012). “Economic Institutions and Institutional Change in Turkey during the Neoliberal Era” New Perspectives on Turkey, Fall, No. 47, 57-82. Acar, A.(2006) DTÖ ve AB Işığında Türk Tarımının Geleceği, Ankara,Türkiye, Orion Yayınevi Azcanlı, A.(1995) Türk Otomotiv Sanayiinin Tarihsel Gelişimi, Ankara,Türkiye, Otomotiv Sanayi Derneği Adıgüzel, M. A. (2013) Hayallerini Uçuran Adam, İstanbul, İstanbul Ticaret Odası Altunışık, M. (2008). “The Possibilities and Limits of Turkey’s Soft Power in the Middle East”, Insight Turkey, 10(2), 41-54. Atiyas, I. and Bakış, O. , (2013), “Structural Change and Industrial Policy in Turkey,” Sabanci University – TUSIAD Competitiveness Forum, Working Paper, 2013-3, Boratav, K. (1981). “Kemalist Economic Policies and Etatism”, in Ergun Özbudun and Ali Kazancigil (eds.), Atatürk: Founder of a Modern State, 165-190. Available Bakır, C. and Öniş, Z (2010) “The Regulatory State and Turkish Banking Sector Reforms in the Age of Post-Washington Consensus”, Development and Change, 41(1), 77-106. Elmacı, İ. (2013) “Cumhuriyet Dönemi Teknoloi Tarihi,( İlaç,Petrol Kimyevi Gübre Teknolojileri)” Doktora Tezi ,Ankara, T.C Ankara Üniversitesi Sosyal Bilimler Enstitüsü Felsefe Anabilim Dalı Çeçen, A. A. , A. S. Doğruel and F. Doğruel (1994) “Economic Growth and Structural Change in Turkey 1960-88,” International Journal of Middle East Studies, 26 (1), February, pp. 37-56. Dogan, N. (2011) “Rakamlarla Özelleştirme Türkiye’de ve Dünyada Özelleştirme Uygulamaları ve Özelleştirme Fonu’nun Kkaynak ve Kullanımları,” Özelleştirme İdaresi Başkanlığı

Eken, S. and S. Schadler, (2012). Turkey 2000-10: A Decade of Transition- Discussions Among Experts, DEIK Publications. Emmioğlu K. (2010) Türkiye'de Sanayileşmenin Serüveni, İstanbul: Truva Yayınları Ferguson, N. (2011) Civilization, USA, Penguen Books Gönenç, R., O. Röhn, V. Koen and Ş. Saygılı, (2012). “Structural Reforms to Boost Turkey’s Long-Term Growth,” OECD Economics Department, ECO/WKP (2012) 64. İzmen, Ü. and K. Yılmaz. (2009). “Turkey's Recent Trade and Foreign Direct Investment Performance” in Öniş, Z. and F. Şenses (eds.) Turkey and Global Economy, London: Routledge. Morris, I (2011) Why the West Rules For Now, London, Profile Books V.01.10.2013

Ministry of Food, Agriculture and Livestock (2013)” Structural Changes and Reforms on Turkish Agriculture 2003-2013 Cankaya, M. (2013) “Cumhuriyet Dönemi Rürkiye Teknoloji Tarihi(Tarım Alet ve Makineleri, Demir Çelik ve Demiryolu Teknolojileri)” Doktora Tezi, Ankara, , T.C Ankara Üniversitesi Sosyal Bilimler Enstitüsü Felsefe Anabilim Dalı Mınıstry of İndustry and Trade (2010) Turkısh İndustrıal Strategy Document 2011-2014 (Towards Eu Membershıp) Bumin, M. (2007) Türk Bankacılık Sektöründe Yabancı Bankalar, Ankara, Turhan Kitabevi Yayınları Okyar, O. (1979) “Development Background of the Turkish Economy, 1923-1973” International Journal of Middle East Studies, Vol: 10, No. 3 pp. 325-344 OECD (2013) Health at a Glance OECD Indicators e (http://www.oecd.org/els/healthsystems/Health-at-a-Glance-2013.pdf)

OECD (2014) Turkey Economic Report IMF (2014) Article IV Report Öney, E. (1987) İktisadi Planlama, Ankara, Türkiye, Savaş Yayınları Özkan, A. (2013) İhracat Tacirleri, Ankara, Türkiye, Türkiye İhracatçılar Meclisi Öniş, Z. (2006). “Varieties and Crises of Neo-liberal Globalization: Argentina, Turkey and the IMF”, Third World Quarterly, 27(2), 239-263. Pamuk, Ş. (2008). “Economic Change in Twentieth Century. Is the Glass More than Half Saivetz, C. (2009). “Tangled Pipelines: Turkey’s Role in Energy Export Plans”, Turkish Studies, 10(1), 95-108. Streather, A. (2011) Türk Otomotiv Endüstrisinin Duayeni, İstanbul, Çitlembik Publications Sanayi ve Teknoloji Bakanlığı (1977) Ağır Sanayi, Ankara, Türkiye, Semih Ofset Sanayi ve Teknoloji Bakanlığı (1973) 50 Yılda Türk Sanayii, Ankara, Mars Matbaası Tocci, N. (2005). “Europeanization in Turkey: Trigger or Anchor for Reform”, South European Society and Politics, 10(1). Tezel, Y. S. (1982). Cumhuriyet Döneminin İktisadi Tarihi (Vol. 4). Yurt Yayınevi. Taymaz, E., Voyvoda, E. and K. Yılmaz (2012) “Transition to Democracy, Real Wages and Productivity: Evidence from the Turkish Manufacturing Industry,” Yesilada, A. , Ucer, M., Aksoy, I. (2010) “Turkish Agricultural Sector, Egeli & Co. V.01.10.2013

Yılmaz, K. (2011). “The EU–Turkey Customs Union Fifteen Years Later: Better, Yet not the Best Alternative”, South European Society and Politics,16(2), 235-249. Yülek, M. , (1991) ‘’Şili (1973-1982) ve İsrail (1985) Tecrübeleri Işığında 5 Nisan Kararlarının Değerlendirilmesi’’ Yülek, M., (2009) “Türkiye ve Küreselleşen Dünya Üzerine Notlar.” Bilgesel Yayınları. Yülek, M. (1998a) “Financial Policy in a Repressed Economy: Turkey 1950-1979.” Sermaye Piyasası Kurulu. Yülek, M. (1998b) “Financial Liberalization and the Real Economy: The Turkish Case.” Sermaye Piyasası Kurulu. Yülek, M., (2011) “Emerging International Importance of Railways and Baku-Tblisi-Kars Railway Connection Project’’, içinde yer aldığı kitap: Improving Relations among Turkey, Caucasus and Central Asia through Cooperation in Trade, Energy and Transportation, Bulut, M. ve R. Aydın. Yülek, M. (2009a) “IMF’ye ne İhtiyaç Var’’, Infomag, 2009/11, November 2009. Yülek, M., “Türkiye’de Devlet Borçları: Uluslararası Karşılaştırmalar”, içinde yer aldığı kitap: Türkiye’nin Borçları ve Cari Açıklar Meselesi, MUSIAD, 2008. Yülek, M., (2007) “Türkiye Ekonomisi 2001-2006 ve Sonrası: Arkaplan, Trendler & Riskler” içinde yer aldığı kitap: Türkiye’nin Dönemsel Değişimine Genel Bir Bakış, MUSIAD. Yülek, M., (2009b) “Turkey Country Analysis: Alive and Kicking”, Finance – Corporate Finance in Europe, Frankfurt. World Bank (2000) Turkey: “Economic Reforms, Living Standards and Social Welfare Study” World Bank (2012) Turkey at a Glance ()

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