Fundamental macroeconomic relationships. Key macroeconomic indicators of Turkey. The Turkish economy after 1980: Achievements and challenges. Major issues of the Turkish economy and the need for reform. Policies aimed at transforming the economic structure. The political economy of reform. Reform areas and the importance of prioritization. Institutional framework.
1) Özatay, F., 2010. "Europe: Counter-Cyclical Policies in Light of the Global Financial Crisis: The Case of Turkey", Journal of Globalization and
Development, 1(1), Article 18.
2) Özatay, F., 2014. Finansal Krizler ve Türkiye, beşinci baskı, Doğan Kitap.
3) Özatay, F., 2015. “2000’li Yıllarda
Türkiye Ekonomisi”, İktisat İşletme ve Finans, 30, Mayıs 350.
4) Özatay, F., 2016. “Turkey’s Distressing Dance with Capital Flows”, Emerging Markets Finance and Trade.
5) Özatay, F., 2017. “Ders Notları”, (power-point sunumları şeklinde).
6) Özatay, F., 2016b. “The Policy Response in Emerging Market Economies in the G-20”, Managing Complexity: Economic Policy Cooperation after
the Crisis içinde, T. Bayoumi, S. Pickford, P. Subachi, (derleyenler), bölüm 8, 207-237, Brookings Institution Press, Washington DC.
7)BenassyQuere, A., Coeure, B., Jacquet, P. ve Pisani-Ferry, J. 2010. Economic Policy: Theory and Practice (6. bölüm), Oxford.
8)Additional resources for students working in pairs on different projects based on their selected topics.
Examining fundamental macroeconomic relationships and the links between macroeconomic indicators. Analyzing Turkey’s key macroeconomic indicators. Briefly discussing the policies implemented in Turkey after 1980. Analyzing the strengths and weaknesses of the Turkish economy. Identifying structural reform areas based on Turkey’s major economic challenges. Discussing the difficulties of implementing reforms. Understanding the importance of institutional structure. Students will prepare a report and present in class on a topic of their choice from the alternative project topics suggested in these areas.
1. Analyzes the current state of the Turkish economy through macroeconomic indicators.
2. Discusses the key economic issues that require urgent solutions to improve Turkey’s welfare level.
3. Evaluates the challenges encountered in reform processes and the difficulties of implementing reforms.
4. Develops the ability to prepare a scientific report and deliver an effective presentation in a classroom setting.
Week 1: I) Key macroeconomic relationships.
Week 2: I) Key macroeconomic relationships. II.1) Key macroeconomic indicators of the Turkish economy.
Week 3: II.1) Key macroeconomic indicators of the Turkish economy. II.2) Recent past: 1980-2001.
Week 4: II.3) Steps toward macroeconomic stability: Post-2001 crisis. II.4) Status quo-1: Sensitivity to capital flows.
Week 5: II.5) Status quo-1: Global crisis, Turkey, and other emerging market economies. III.1) Status quo-2: Convergence.
Week 6: III.2) Deviation from the status quo: The difficulty of implementing reforms.
Week 7: III.2) Deviation from the status quo: The difficulty of implementing reforms. III.3) The importance of institutional structure.
Week 8: III.3) The importance of institutional structure.
Week 9: III.4) Changing the status quo: How?
Week 10: Project presentations.
Week 11: Project presentations.
Week 12: Project presentations.