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ECON 432

Turkish and World Economy Between Industrial Revolution and 1950

ECON 432 uses economic analysis as a lens for reading the 20th century, tracing how Turkey's republican economy took shape against the backdrop of the Great Depression, two world wars, Bretton Woods, and the rise and collapse of the Soviet model. You'll work through Boratav, Kepenek, and Pamuk to connect episodes like the 1923 İzmir Congress, the statist industrial plans, the Varlık Vergisi, and the 1946 devaluation to the broader global cycles driving them. It assumes you're comfortable with basic macro and history, and pairs naturally with the post-1980 sequel courses — the goal is less memorizing dates than learning to argue why a policy made sense (or didn't) given the constraints of its moment.

Credit3ECTS5FacultyFaculty of Economics, Administrative, and Social SciencesBölümEconomicsPreECON 205

Önerilen kaynaklar 5 kitap

📕
Zorunlu
Türkiye İktisat Tarihi 1908-2009
Korkut Boratav
2011 · İmge Yayınevi
📕
Zorunlu
Turkish Economy
Yakup Kepenek
2013 · ODTU Yayıncılık
📕
Zorunlu
Türkiye Ekonomisi
Yakup Kepenek
2012 · Remzi Kitabevi
📕
Zorunlu
Türkiye’nin 200 yıllık İktisadi Tarihi
Şevket Pamuk
2014 · İş Bankası Kültür Yayınları
📕
Zorunlu
Mustafa Kemal Döneminde Ekonomi
Büyük Devletler ve Türkiye, Bilsay Kuruç
2012 · Bilgi Üniversitesi

Haftalık müfredat 14 hafta

Hafta 1
Introduction- The early years of Turkish Republic- Economic Inheritance of Ottomans (Boratav, Ch.1, Kuruç, p.243-348, Kepenek, Yentürk,Ch II) - A brief look at the issues of underdevelopment – World Trade and development in since 1500s- Precapitalist economic formations- Why Nations fail ?
Hafta 2
(cont.)
Hafta 3
Reconstruction of Republican economic policies- 1923-1929-National Economy Thesis (Boratav, Ch II, Kuruç p.243-348 Kepenek,Yentürk Ch. III)
Hafta 4
Reconstruction of Republican economic policies (cont) Turkey (İzmir) Economic Congress-Lausanne Treaty (Same sources above)
Hafta 5
The cause and consequences of Great Depression- and emergence of Statism in Turkey Dynamics of import substitution and protectionism-1929-1939, Cadre Movement (Kadro Hareketi), (Boratav, Ch II, Kuruç p.352-446, Türkeş,Chapters I, IV,V, Kepenek-Yentürk, IV)
Hafta 6
Statism, A New Industrial Model – The role of state in the economy. Industrial Plans, State Economic Enterprises (Same sources above and Kepenek,Yentürk, IV )
Hafta 7
War Economy, 1939-1945, Financing of war expenditures-Wealth (Excess Profits) tax, (Boratav Ch IV)- Economic Policies after 1946-1950- WW II-Opening up of Turkish Economy, 1946 Devaluation and after .
Hafta 8
Bretton Woods-World Economy- Collapse of Monetary System (Boratav Ch 5,6, Ekzen; p.2-47, Kepenek, Yentürk Ch V)
Hafta 9
Democrat Party Years (1950-1960)
Hafta 10
Externally Dependent Import Substitution or , Years of Development Plans- Causes and consequences . An assesment- 1960-1980-World Oil Crisis-Collapse of Monetary System in World
Hafta 11
Neo Liberal Policies-Export Oriented Growth and financial liberalization – January 24 , 1980 Measures- 1980-2000 Özal Years-Free Market Economy Bankers Crisis,1994, 2001 Crises (Boratav, Kepenek-Yentürk XVIII)-
Hafta 12
IMF Years 2000 Onwards - Currency wars-Wordl Crisis Financing the growth and saving gap- Current Monetary Policies
Hafta 13
Development of Sectors - Industrial Policies (Kepenek –Turkish Economy Ch VI) Development of Sectors – Agriculture ( Kepenek – Turkish Economy Ch VI 6), Services
Hafta 14
Labor Market-Trade Union Movements and Employment (Kepenek – Turkish Economy Ch VII)

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Minimum of 20 points as the total of Mid-Term and term paper grades (with the condition that minimum 10 points should be obtained from the mid-term exam) Note that attendance rate is % 80. Any scoring below that will be discounted from your final numeric grades. See the seperate syllabus I e-mailed to you

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