Information Package / Course Catalogue - Adnan Menderes University

General Information Unit Staff Academic Information Programme Outcomes Course Structure Diagram Contact Information

Person Responsible for Information Package

Prof. Arzu GÜLER

Prof. Merve İrem YAPICI

Prof. Utku YAPICI

Lec. Cemal Alpgiray BÖLÜCEK

Lec. Dilek Elvan ÇOKİŞLER

Lec. Gönül TEZCAN

Lec. Hikmet MENGÜASLAN

Lec. Soner DOĞAN

Lec. Taner BULUT

Res. Assist. Bilal Alper TORUN

Res. Assist. Emre KURT

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 Assessment	Count	Percent
Midterm Examination	1	%40
Final Examination	1	%60

Workload Calculation

Activities	Count	Preparation	Time	Total Work Load (hours)
Lecture - Theory	14	3	3	84
Midterm Examination	1	12	1	13
Final Examination	1	24	1	25
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	PÇ-11	PÇ-12
OÇ-1	4	4	4	3	3	4	3	4	4		3	4
OÇ-2	4	4	4	3	3	4	3	4	4		3	4
OÇ-3	4	4	4	3	3	4	3	4	4		3	4
OÇ-4	3	3	4	4	3	3	3	4	4		3	3
OÇ-5	4	4	4	3	3	4	3	4	4		3	4