Information Package / Course Catalogue
World Economy
Course Code: ECO406
Course Type: Non Departmental Elective
Couse Group: First Cycle (Bachelor's Degree)
Education Language: Turkish
Work Placement: N/A
Theory: 3
Prt.: 0
Credit: 3
Lab: 0
ECTS: 6
Objectives of the Course

Aims to gain student’s the ability to make comment, analyze and discuss about developments in the world economy by using the current international socio-economic indicators.

Course Content

Industrialization and Difficulty to Catch up with The Technology, Globalization, Basics of Economic Globalization, Financial Crises arose in Developed Countries and Emerging Economies in Recent Years, New World Order.

Name of Lecturer(s)
Prof. Kurtuluş BOZKURT
Learning Outcomes
1.Comments and argues about the developments in World Economy by using the current international socio-economic indicators.
2.Makes analysis at the level of countries and regional integrations within the framework of global economic developments.
3.Evaluates about the global economic issues
4.Explain the developments in the 20th century in the world economy with examples.
5.Evaluate globalization and its results.
Recommended or Required Reading
1.Mahfi Eğilmez, Tarihsel Süreç İçinde Dünya Ekonomisi, Remzi Kitabevi, 1. Baskı, İstanbul, 2018.
2.İlker PARASIZ - Nalan ÖLMEZOĞULLARI ve Ufuk BAŞOĞLU, Dünya Ekonomisi: Küreselleşme, Finansal Kurumlar ve Küresel Makro Ekonomi, Ezgi Kitabevi, 2. Baskı, Bursa, 2001
3.Erol KUTLU - Rana EŞKİNAT, Dünya Ekonomisi, Nisan Yayınevi, Eskişehir, 2014.
Weekly Detailed Course Contents
Week 1 - Theoretical
Agricultural Revolution, Feudalism and Physiocrats
Week 2 - Theoretical
Geographical Discoveries and Mercantilist Economic Theory
Week 3 - Theoretical
Industrial Revolution, Market Economy and Classical-Neoclassical Economic Theory
Week 4 - Theoretical
Nation State and Industrial Capitalism
Week 5 - Theoretical
Fordism and Its Effects on the World Economy
Week 6 - Theoretical
World War I and II and their Economic Effects
Week 7 - Theoretical
Bretton Woods System and Its Effects on the World Economy
Week 8 - Theoretical
Effects of the Globalization (Economic and Commercial) Process on the World Economy
Week 9 - Theoretical
Global Economic Crises
Week 10 - Theoretical
Economic Integration and Unions-EU
Week 11 - Theoretical
Asian Miracle and Development
Week 12 - Theoretical
Asian Miracle and Development, Country Examples
Week 13 - Theoretical
Industry 4.0.
Week 14 - Theoretical
Effects of the Covid-19 Pandemic on the World Economy
Assessment Methods and Criteria
Type of AssessmentCountPercent
Midterm Examination1%40
Final Examination1%60
Workload Calculation
ActivitiesCountPreparationTimeTotal Work Load (hours)
Lecture - Theory140342
Reading140228
Individual Work140342
Midterm Examination115116
Final Examination121122
TOTAL WORKLOAD (hours)150
Contribution of Learning Outcomes to Programme Outcomes