Information Package / Course Catalogue
International Economic and Financial Institutions
Course Code: MLY210
Course Type: Area Elective
Couse Group: First Cycle (Bachelor's Degree)
Education Language: Turkish
Work Placement: N/A
Theory: 3
Prt.: 0
Credit: 3
Lab: 0
ECTS: 5
Objectives of the Course

The aim of this course is to analyze the historical development, founding reasons, and core functions of international financial institutions; and to evaluate their impact on the global economy and their relations with Türkiye from a historical and political economy perspective.

Course Content

This course examines the historical background behind the emergence of international financial institutions, focusing on the post-World War II Bretton Woods system and the restructuring of the capitalist world order. It covers the objectives, operations, and current roles of institutions such as the IMF and the World Bank, and provides a critical analysis of their relationship with Türkiye over time.

Name of Lecturer(s)
Assoc. Prof. Aynur UÇKAÇ
Learning Outcomes
1.To be able to explain the historical development and founding reasons of international financial institutions.
2.To be able to analyze the restructuring of the capitalist system in the post-World War II era and the Bretton Woods system.
3.To be able to evaluate the functions of international financial institutions and their impact on the global economy.
4.To be able to explain the historical evolution of the relationship between institutions such as the IMF and World Bank and Türkiye.
5.To be able to discuss criticisms directed at international financial institutions from a political economy perspective.
Recommended or Required Reading
1.Parasız, İ. (2009). International Financial and Economic Institutions. Ankara: Ezgi Publishing.
2.Kepenek, Y. & Yentürk, N. (2019). The Turkish Economy. Istanbul: Remzi Publishing.
3.Bayar, Y. (2016). International Economic Policies and Institutions. Bursa: Dora Publishing.
4.Yeldan, E. (2002). “IMF Programs and Türkiye: From Structural Adjustment to Economic Crisis.” Journal of Economics, Business and Finance, 17(197), 5–16.
5.Güngen, A. R. (2014). “Transformation in Türkiye’s Relations with the IMF and New Forms of Dependence.” Journal of Mülkiye, 38(1), 135–158.
Weekly Detailed Course Contents
Week 1 - Theoretical
Introduction and basic concepts: What are international financial institutions? Why and how did they emerge?
Week 2 - Theoretical
The world economy in the early 20th century and international monetary relations before the wars
Week 3 - Theoretical
Post-World War I economic crises and the Great Depression of 1929
Week 4 - Theoretical
World War II and the establishment of the Bretton Woods system
Week 5 - Theoretical
Purpose, structure, and role of the IMF in the global economic system
Week 6 - Theoretical
The World Bank: Establishment, function, and its role in development policy
Week 7 - Theoretical
Other international financial institutions: OECD, BIS, EBRD, GATT/WTO
Week 8 - Theoretical
Policy tools of the IMF and World Bank: Stand-by arrangements and structural adjustment programs
Week 9 - Theoretical
Criticisms of international financial institutions and alternative approaches
Week 10 - Theoretical
Historical development of Türkiye–IMF relations: From 1947 to the 2001 crisis
Week 11 - Theoretical
Post-2001 crisis IMF policies and the case of Türkiye
Week 12 - Theoretical
Türkiye’s relations with the World Bank and practices in project-based financing
Week 13 - Theoretical
Türkiye’s relations with other international financial institutions (OECD, EBRD, GATT/WTO)
Week 14 - Theoretical
General review and critical discussions in light of recent developments
Assessment Methods and Criteria
Type of AssessmentCountPercent
Midterm Examination1%40
Final Examination1%60
Workload Calculation
ActivitiesCountPreparationTimeTotal Work Load (hours)
Lecture - Theory143384
Midterm Examination112113
Final Examination124125
TOTAL WORKLOAD (hours)122
Contribution of Learning Outcomes to Programme Outcomes
PÇ-1
PÇ-2
PÇ-3
PÇ-4
PÇ-5
PÇ-6
PÇ-7
PÇ-8
PÇ-9
PÇ-10
OÇ-1
2
3
3
2
2
3
2
3
1
3
OÇ-2
3
3
2
2
3
2
3
2
1
2
OÇ-3
3
4
3
2
3
2
3
3
1
2
OÇ-4
3
3
2
2
2
2
3
2
1
3
OÇ-5
3
4
3
2
3
2
3
2
1
1
Adnan Menderes University - Information Package / Course Catalogue
2026