To equip students with an understanding of the world economy and finance from an historical perspective.
Course Content
This course contains; Introductory overview,The Material and Trading Worlds, circa 1400 I, The Material and Trading Worlds, circa 1400 II,The World Economy & Trade Before Industrial Revolution I,The World Economy & Trade Before Industrial Revolution II ,Empires, States, and the New World (1500-1775) I ,Empires, States, and the New World (1500-1775) II ,The Industrial Revolution and Its Consequences I ,The Industrial Revolution and Its Consequences II,Widening Economic Gap Between Newly Emerged Nations I ,Widening Economic Gap Between Newly Emerged Nations II,Twentieth Century World Economy I ,Twentieth Century World Economy II.
Dersin Öğrenme Kazanımları
Teaching Methods
Assessment Methods
1. Will be able to explain economic history in general terms.
16, 9
A, E
1.1. Express commercial economy before industrial revolution.
16, 9
A, E
1.2. Express why and how did industrial revolution happen.
16, 9
A, E
1.3. Evaluate the world economy between the wars.
16, 9
A, E
1.4. Evaluate the world economy after the second world war.
16, 9
A, E
2. Will be able to explain financial history in general terms.
16, 9
A, E
2.1. Express the monetary system between the wars.
16, 9
A, E
2.2. Evaluate the Bretton Woods system.
16, 9
A, E
2.3. Evaluate neoliberal financial system.
16, 9
A, E
3. Will be able to make predictions regarding the future of the world economy and finance.
16, 9
A, E
3.1. Make comments regarding the possible paths global economy could take in the future.
16, 9
A, E
3.2. Make comments regarding the possible paths global finance could take in the future.
16, 9
A, E
4. Will understand how economic developments shape political history.
16, 9
A, E
4.1 Explains how political and economic goals are intertwined.
16, 9
A, E
4.2 Explains the economic reasons for the emergence of many political institutions.
16, 9
A, E
5. Will be able to explain that economic problems differ from period to period.
16, 9
A, E
5.1 Compares modern economic problems with the past.
16, 9
A, E
5.2 Understands the economic crises and opportunities in the pre-modern period.
16, 9
A, E
5.3 Understands that economic crises change with the development of communication tools and technology.
The World Economy & Trade Before Industrial Revolution I
2nd Chapter
5
The World Economy & Trade Before Industrial Revolution II
2nd Chapter
6
Empires, States, and the New World (1500-1775) I
3rd Chapter
7
Empires, States, and the New World (1500-1775) II
3rd Chapter
8
The Industrial Revolution and Its Consequences I
4th Chapter
9
The Industrial Revolution and Its Consequences II
4th Chapter
10
Widening Economic Gap Between Newly Emerged Nations I
5th Chapter
11
Widening Economic Gap Between Newly Emerged Nations II
5th Chapter
12
Twentieth Century World Economy I
6th Chapter
13
Twentieth Century World Economy II
6th Chapter
Resources
Robert B. Marks, The Origins of the Modern World, Rowman & Littlefield, 2006.
ADDITIONAL RESOURCES
Ha-Joon Chang, 23 Things They Don’t Tell You About Capitalism, Penguin Publishing, 2011.
Ha-Joon Chang, Kicking Away The Ladder, Anthem Press, 2002.
Ha-Joon Chang, Bad Samaritans The Myth of Free Trade and Secret History of Capitalism, Bloomsburry Press, 2009.
Prasannan Parthasarathi, Why Europe Grew Rich and Asia Did Not, Cambridge University Press, 2011.
A. Mesud Küçükkalay, Dünya İktisat Tarihi, 2021. ISBN: 9786053337027
Course Contribution to Program Qualifications
Course Contribution to Program Qualifications
No
Program Qualification
Contribution Level
1
2
3
4
5
1
(S)he describes theoretical knowledge in economics and finance.
X
2
(S)he explains mathematical and statistical methods needed for economics and finance.
3
(S)he uses at least one computer program utilized for economic and financial analyses (SPSS, Eviews, STATA, R ve MATLAB).
4
(S)he has the foreign language proficiency necessary for economics and finance.
X
5
(S)he develops projects in the field and handles team work.
6
(S)he develops (her) his awareness of lifetime learning, follows the developments in (her) his field and adopts a critical approach.
7
(S)he uses theoretical and practical knowledge on economics and finance.
X
8
(S)he delivers (her) his opinions by making effective use of modern technologies and of at least one foreign language at a minimum level of level C1.
X
9
(S)he adopts and uses organizational, corporate and social ethical values.
10
(S)he adopts principles of social responsibility and acts whenever needed in light of social service sensitivity.
11
(S)he analyzes and uses basic knowledge and data regarding different disciplines to conduct inter-disciplinary studies.
X
12
(S)he benefits from (her) his proficiency in economics and finance to make policy suggestions and contribute to the field.
X
Assessment Methods
Contribution Level
Absolute Evaluation
Rate of Midterm Exam to Success
40
Rate of Final Exam to Success
60
Total
100
ECTS / Workload Table
Activities
Number of
Duration(Hour)
Total Workload(Hour)
Course Hours
14
3
42
Guided Problem Solving
0
0
0
Resolution of Homework Problems and Submission as a Report
1
5
5
Term Project
1
10
10
Presentation of Project / Seminar
0
0
0
Quiz
0
0
0
Midterm Exam
1
20
20
General Exam
1
25
25
Performance Task, Maintenance Plan
0
0
0
Total Workload(Hour)
102
Dersin AKTS Kredisi = Toplam İş Yükü (Saat)/30*=(102/30)
3
ECTS of the course: 30 hours of work is counted as 1 ECTS credit.
Detail Informations of the Course
Course Description
Course
Code
Semester
T+P (Hour)
Credit
ECTS
ECONOMIC and FINANCIAL HISTORY
-
Fall Semester
3+0
3
3
Course Program
Prerequisites Courses
Recommended Elective Courses
Language of Course
English
Course Level
First Cycle (Bachelor's Degree)
Course Type
Required
Course Coordinator
Prof.Dr. Rana ATABAY KUŞÇU
Name of Lecturer(s)
Assist.Prof. Fatih Baha AYDIN
Assistant(s)
Aim
To equip students with an understanding of the world economy and finance from an historical perspective.
Course Content
This course contains; Introductory overview,The Material and Trading Worlds, circa 1400 I, The Material and Trading Worlds, circa 1400 II,The World Economy & Trade Before Industrial Revolution I,The World Economy & Trade Before Industrial Revolution II ,Empires, States, and the New World (1500-1775) I ,Empires, States, and the New World (1500-1775) II ,The Industrial Revolution and Its Consequences I ,The Industrial Revolution and Its Consequences II,Widening Economic Gap Between Newly Emerged Nations I ,Widening Economic Gap Between Newly Emerged Nations II,Twentieth Century World Economy I ,Twentieth Century World Economy II.
Dersin Öğrenme Kazanımları
Teaching Methods
Assessment Methods
1. Will be able to explain economic history in general terms.
16, 9
A, E
1.1. Express commercial economy before industrial revolution.
16, 9
A, E
1.2. Express why and how did industrial revolution happen.
16, 9
A, E
1.3. Evaluate the world economy between the wars.
16, 9
A, E
1.4. Evaluate the world economy after the second world war.
16, 9
A, E
2. Will be able to explain financial history in general terms.
16, 9
A, E
2.1. Express the monetary system between the wars.
16, 9
A, E
2.2. Evaluate the Bretton Woods system.
16, 9
A, E
2.3. Evaluate neoliberal financial system.
16, 9
A, E
3. Will be able to make predictions regarding the future of the world economy and finance.
16, 9
A, E
3.1. Make comments regarding the possible paths global economy could take in the future.
16, 9
A, E
3.2. Make comments regarding the possible paths global finance could take in the future.
16, 9
A, E
4. Will understand how economic developments shape political history.
16, 9
A, E
4.1 Explains how political and economic goals are intertwined.
16, 9
A, E
4.2 Explains the economic reasons for the emergence of many political institutions.
16, 9
A, E
5. Will be able to explain that economic problems differ from period to period.
16, 9
A, E
5.1 Compares modern economic problems with the past.
16, 9
A, E
5.2 Understands the economic crises and opportunities in the pre-modern period.
16, 9
A, E
5.3 Understands that economic crises change with the development of communication tools and technology.
The World Economy & Trade Before Industrial Revolution I
2nd Chapter
5
The World Economy & Trade Before Industrial Revolution II
2nd Chapter
6
Empires, States, and the New World (1500-1775) I
3rd Chapter
7
Empires, States, and the New World (1500-1775) II
3rd Chapter
8
The Industrial Revolution and Its Consequences I
4th Chapter
9
The Industrial Revolution and Its Consequences II
4th Chapter
10
Widening Economic Gap Between Newly Emerged Nations I
5th Chapter
11
Widening Economic Gap Between Newly Emerged Nations II
5th Chapter
12
Twentieth Century World Economy I
6th Chapter
13
Twentieth Century World Economy II
6th Chapter
Resources
Robert B. Marks, The Origins of the Modern World, Rowman & Littlefield, 2006.
ADDITIONAL RESOURCES
Ha-Joon Chang, 23 Things They Don’t Tell You About Capitalism, Penguin Publishing, 2011.
Ha-Joon Chang, Kicking Away The Ladder, Anthem Press, 2002.
Ha-Joon Chang, Bad Samaritans The Myth of Free Trade and Secret History of Capitalism, Bloomsburry Press, 2009.
Prasannan Parthasarathi, Why Europe Grew Rich and Asia Did Not, Cambridge University Press, 2011.
A. Mesud Küçükkalay, Dünya İktisat Tarihi, 2021. ISBN: 9786053337027
Course Contribution to Program Qualifications
Course Contribution to Program Qualifications
No
Program Qualification
Contribution Level
1
2
3
4
5
1
(S)he describes theoretical knowledge in economics and finance.
X
2
(S)he explains mathematical and statistical methods needed for economics and finance.
3
(S)he uses at least one computer program utilized for economic and financial analyses (SPSS, Eviews, STATA, R ve MATLAB).
4
(S)he has the foreign language proficiency necessary for economics and finance.
X
5
(S)he develops projects in the field and handles team work.
6
(S)he develops (her) his awareness of lifetime learning, follows the developments in (her) his field and adopts a critical approach.
7
(S)he uses theoretical and practical knowledge on economics and finance.
X
8
(S)he delivers (her) his opinions by making effective use of modern technologies and of at least one foreign language at a minimum level of level C1.
X
9
(S)he adopts and uses organizational, corporate and social ethical values.
10
(S)he adopts principles of social responsibility and acts whenever needed in light of social service sensitivity.
11
(S)he analyzes and uses basic knowledge and data regarding different disciplines to conduct inter-disciplinary studies.
X
12
(S)he benefits from (her) his proficiency in economics and finance to make policy suggestions and contribute to the field.
