KOÇ UNIVERSITY
COLLEGE OF ADMINISTRATIVE SCIENCES AND ECONOMICS
DEPARTMENT OF INTERNATIONAL RELATIONS
Course:
ECON 481/ INTL 410 TURKISH ECONOMY I
Fall 2007
Lectures: Tuesdays & Thursdays: 12:30-13:45
Office Hours: Tuesdays 14:30-16:00
Other times by appointment
Instructor:
Professor Ziya Öniş
Case Building: CAS 150
Telephone: 3381674
E-mail: zonis@ku.edu.tr
Teaching Assistant: Koray Mutlu
E-mail: kmutlu@ku.edu.tr
Office: CAS 171
Telephone:3381647
Office Hours: Monday and Wednesday 13:00-14:00
Course Description:
The course aims to provide a comprehensive introduction to the Turkish economy
with an emphasis on political economy and current policy issues. The Turkish
experience is also investigated from a comparative perspective with frequent
reference to Latin American and East Asian NICs. The substantive part of the course
focuses on selected current policy issues. These include macroeconomic management
and the reform of the state, public enterprise reform, privatization and regulation,
financial globalization, and the Turkish financial crises in comparative perspective,
trade policy, foreign direct investment, relations with the EU and the other major
trading partners and income distribution, poverty, unemployment and informal
networks.
Course Requirements:
Mid-term examination
25%
Final examination
40%
Term paper
25% (Maximum 15 pages; due on Dec 15, 2007)
Class participation
10%
Note: Paper deadline will not be postponed.
Late paper submissions will be penalized.
Class participation includes meaningful and analytical contribution to class
discussions. Voluntary group presentations are encouraged.
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Course Outline and key readings:
Important Background Reading

Altuğ, S and A. Filiztekin, eds., (2006). The Turkish Economy: The Real
Economy, Corporate Governance and Reform. London: Routledge.

Bakır, C. (2007). Merkezdeki Banka: TCMB ve Uluslararası Bir Karşılaştırma.
Istanbul: Bilgi Üniversitesi Yayınları

Boratav, K. (2004). Türkiye İktisat Tarihi: 1908-1985 (gözden geçirilmiş 7. Baskı)
İstanbul: İmge Kitabevi Yayınları.

Eğilmez, M. and E. Kumcu (2005). Ekonomi Politikasi: Teori ve Turkiye
Uygulamasi. Remzi Kitapevi, İstanbul.

Öniş, Z. and B. Rubin, eds. (2003). The Turkish Economy in Crisis.
London:Frank Cass.

Öniş, Z. (1998). State and Market: The Political Economy of Turkey in
Comparative Perspective. Istanbul: Boğaziçi University Press.

World Bank (2006). Turkey Country Economic Memorandum: Promoting
Sustained Growth and Convergence with the European Union. World Bank
Publications.

Yeldan, E. (2001). Küreselleşme Sürecinde Türkiye Ekonomisi. Bölüşüm, Birikim
ve Büyüme. Istanbul: İletişim Yayınları.
Major Policy Phases of the Turkish Economy: Historical and Comparative
Perspectives
Öniş, Z. and B. Rubin, eds. (2003) Ch. 1
Öniş, Z. (1998) Ch.16
Pamuk, Ş. (2007). “Economic Change in Twentieth Century Turkey: Is the Glass
More than Half Full?” American University of Paris Working Paper No. 41.
Öniş, Z. and F. Şenses (2007) “Global Dynamics, Domestic Coalitions and A
Reactive State: Major Policy Shifts in Post-War Turkish Economic Development”
METU Studies in Development, forthcoming
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Fiscal and Monetary Governance
Bakır, C. (2007). Chs. 2 & 3.
Ertuğrul, A. and F. Selçuk. (2001). “A Brief Account of the Turkish Economy”.
Russian and East European Finance and Trade, Vol.37, No.6.
World Bank (2006). Ch. 2.
Financial Globalization and the Turkish Banking System and Regulatory
Governance
Alper, E. and Z. Öniş (2004). “The Turkish Banking System,Financial Crises and the
IMF in the Age of Capital Account Liberalization: A Political Economy Perspective”.
New Perspectives on Turkey, 30.
Van Rickeghem C. et al, (2006).” The Turkish Banking Sector: The Rocky Road to
Maturation”, in Altuğ and Filiztekin.
World Bank (2006). Ch. 5.
Recurrent Crises, Relations with the IMF and Post-crisis Dynamics
Akyüz, Y and K. Boratav (2003).”The Making of the Turkish Financial Crises”.
World Development, Vol. 31, No.9.
Öniş, Z. (2006). “Varieties and Crises of Neo-liberal Globalization: Argentina,
Turkey and the IMF ”.Third World Quarterly, Vol. 27, No.2.
Öniş, Z. and C. Bakır (2007) “Turkey's Political Economy in the Age of Financial
Globalization: The Significance the EU Anchor”, South European Society and
Politics, 12.
Public Enterprises, Privatization and Regulation
Celasun, M. and İ. Arslan (1997). “State-Owned Enterprises and Privatization in
Turkey: Policy, Performance and Reform Experience, 1985-1995” ERF Working
Paper.
Ercan, M. and Öniş, Z. (2001). “ Turkish Privatization: Institutions and Dilemmas”
Turkish Studies, Vol. 2 , No.1.
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Trade, Foreign Direct Investment and Relations with the EU
Yilmaz, K., Mark Dutz and Melek Us. (2005)."Turkey's Foreign Direct Investment
Challenges: Competition, Rule of Law and and the EU Accession," in Togan, S., ed.
Turkey: Towards EU Accession. Oxford University Press.
Hazine Musteşarlığı. Kasım 2005. Dogrudan Yabancı Yatırım Raporu. Ankara.
Turkish-Russian Relations and the Future of Black Sea Economic Cooperation
Aliboni, R. (2006). “Globalization and the Wider Black Sea Area: Interaction with the
European Union, Eastern Mediterranean and the Middle East”, Southeast European
and Black Sea Studies, 6:2, pp. 157-168.
Celac, S. and P. Manoli (2006).“Towards a New Model of Comprehensive
Regionalism in the Black Sea Area”, Southeast European and Black Sea Studies, 6:2,
pp. 193-205.
Sezer, D. (2000). “Turkish-Russian Relations: The Challenges of Reconciling
Geopolitical Competition with Economic Partnership”, Turkish Studies, 1:1, pp.5982.
Income Distribution, Unemployment, Poverty and Informal Networks
Berument, H., N.Doğan, and A. Tansel (2005). “Economic Performance and
Unemployment: Evidence from an Emerging Economy – Turkey” Institute for the
Study of Labor (IZA), Research Paper Series.
Gürsel, S. et al. (2004). “Türkiye’de İşgücü Piyasasının Kurumsal Yapısı ve İşsizlik –
Ch 6”, TÜSİAD-T/2004-11/381.
World Bank (2006). Chs. 4 & 9.
ACADEMIC HONESTY
Honesty and trust are important to us all as individuals. Students and faculty adhere to
the following principles of academic honesty at Koc University
1.
Individual accountability for all individual work , written or oral. Copying
from others or providing answers or information, written or oral, to others is
cheating.
2.
Providing proper acknowledgment of the original author. Copying from
another student’s paper or from another text without acknowledgment is
plagiarism.
3.
Study or project group activity is effective and authorized teamwork.
Unauthorized help from another person or having someone else to write one’s
paper or assignment is collusion.
Cheating, plagiarism and collusion are serious offences resulting in an F grade and
disciplinary action.
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