FINANCIAL CRISES PROGRAMME COURSE DESCRIPTION

Code	Name of the Course Unit	Semester	In-Class Hours (T+P)	Credit	ECTS Credit
ECF446	FINANCIAL CRISES	8	3	3	8

GENERAL INFORMATION
Language of Instruction :	English
Level of the Course Unit :	BACHELOR'S DEGREE, TYY: + 6.Level, EQF-LLL: 6.Level, QF-EHEA: First Cycle
Type of the Course :	Compulsory
Mode of Delivery of the Course Unit	-
Coordinator of the Course Unit	Assist.Prof. MEHMET SAYA
Instructor(s) of the Course Unit	Assist.Prof. REYHAN ÖZEŞ ÖZGÜR
Course Prerequisite	No

OBJECTIVES AND CONTENTS
Objectives of the Course Unit:	To provide information about the financial crises experienced in the Turkish and global economies and to provide an analytical perspective on the causes and consequences of the crises.
Contents of the Course Unit:	The fundamental subject of financial crises as a field of science is the analytical evaluation of the causes of crises that have emerged locally and globally in the 20th century, when globalization began, and especially from the 1980s, when financial integration accelerated, to the present day, in the context of their consequences on the scale of countries and global economies, and the effectiveness of the measures taken.

KEY LEARNING OUTCOMES OF THE COURSE UNIT (On successful completion of this course unit, students/learners will or will be able to)

Explain the concepts of economic and financial crises, the types of crises, and the underlying causes of crises. Analyze major economic crises in the world economy from a historical perspective. Evaluate economic and financial crises experienced in the Turkish economy in terms of their causes and consequences. Interpret the effects of economic crises on macroeconomic indicators, financial markets, and exchange rates. Critically assess the monetary and fiscal policy measures implemented in response to economic crises.

WEEKLY COURSE CONTENTS AND STUDY MATERIALS FOR PRELIMINARY & FURTHER STUDY
Week	Preparatory	Topics(Subjects)	Method
1	-	The Concept of Crisis and Economic Crisis, Causes of Crises	-
2	-	Types of Economic Crisis and Financial Crisis Models	-
3	-	The 1929 Depression of USA	-
4	-	Oil Supply Crises of 1974-1978	-
5	-	The 1980s: The Financial Liberalization Period and Its Effects on the Turkish Economy	-
6	-	The Crisis of 1980 in the Turkish Economy, the January 24 Decisions and the Banker Crisis of 1982	-
7	-	The 1993-1994 Crisis in the Turkish Economy	-
8	-	The 1990s: Latin America, 1998 Southeast Asia and Russian Ruble Crises	-
9	-	Financial Crisis and Bank Collapses in the Turkish Economy in 2001-2002	-
10	-	MID-TERM EXAM	-
11	-	The 2000s: The 2005 US Mortgage Bubble	-
12	-	Global Liquidity Crisis of 2008: Causes, Consequences and Measures Taken	-
13	-	A Chronological Look at Devaluations in the Turkish Economy	-
14	-	Exchange Rate Fragility in the Turkish Economy: Current Account Deficit and Carry Trade Dilemma	-
15	-	Results and Discussion: The Effects and Results of Crises on the Turkish Economy	-
16	-	FINAL EXAM	-
17	-	FINAL EXAM	-

SOURCE MATERIALS & RECOMMENDED READING
Akyüz, Y. (2011). Global financial crisis and the crisis of globalization. United Nations Conference on Trade and Development (UNCTAD). Boratav, K. (2015). Türkiye iktisat tarihi (1908–2015). İmge Kitabevi. Krugman, P. (1979). A model of balance-of-payments crises. Journal of Money, Credit and Banking, 11(3), 311–325. Minsky, H. P. (1986). Stabilizing an unstable economy. Yale University Press.

ASSESSMENT
Assessment & Grading of In-Term Activities	Number of Activities	Degree of Contribution (%)	Description	Examination Method
Mid-Term Exam	1	50		Classical Exam
Final Exam	1	50		Classical Exam
TOTAL	2	100

Level of Contribution
0	1	2	3	4	5

KNOWLEDGE
Theoretical
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Define the basic concepts of economics, administrative and human sciences. (Bloom 1)				3
2	Evaluate the economic environment and overall sustainability of firms. (Bloom 4)		1

KNOWLEDGE
Factual
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Relate principles and concepts of economics and finance with other disciplines. (Bloom 4)				3
2	Define principles, concepts, methods and theories related with economics and finance. (Bloom 1)				3

SKILLS
Cognitive
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Interpret the charts and tables related to the field. (Bloom 2)				3

SKILLS
Practical
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Evaluate the theoretical models of economic policies which have direct or indirect effects by using the facts and dynamics of the economic system.(Bloom 4)			2
2	Analyze economic and financial reports. ((bloom 4)		1
3	Use basic mathematics, statistics and econometric methods and tools to solve economic and financial problems. (Bloom 3)		1
4	Interpret the operation of current economic, political and social events by using institutional information related with Economics and Finance.(Bloom 2)				3

OCCUPATIONAL
Autonomy & Responsibility
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Organize economic and financial activities in humanitarian and social terms with adherence to ethics. (Bloom 4).			2

OCCUPATIONAL
Learning to Learn
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Develop a critical perspective on national and international economic, political, social, financial and development problems. (bloom 6)				3

OCCUPATIONAL
Communication & Social
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Follow the agenda on economics, politics and social issues and improve himself/ herself. (bloom 6)				3

OCCUPATIONAL
Occupational and/or Vocational
	Programme Learning Outcomes	Level of Contribution
		0	1	2	3	4	5
1	Analyze current issues and problems by using the structure and properties of Macro and Microeconomics and variables. (Bloom 4)			2
2	Evaluate the effectiveness of the general economic system and public policies and their effects on markets and basic economic variables.(Bloom 4)		1
3	Analyze the cause and effect relationships between the relevant economic variables. (Bloom 4)		1
4	Evaluate the expected trends and portfolio analyzes in interest and exchange rates within the framework of the general financial system. (Bloom 4)			2

WORKLOAD & ECTS CREDITS OF THE COURSE UNIT
Workload for Learning & Teaching Activities
Type of the Learning Activites	Learning Activities (# of week)	Duration (hours, h)	Workload (h)
Lecture & In-Class Activities	14	3	42
Preliminary & Further Study	14	2	28
Land Surveying	0	0	0
Group Work	0	0	0
Laboratory	0	0	0
Reading	13	3	39
Assignment (Homework)	14	2	28
Project Work	0	0	0
Seminar	0	0	0
Internship	0	0	0
Technical Visit	0	0	0
Web Based Learning	0	0	0
Implementation/Application/Practice	0	0	0
Practice at a workplace	0	0	0
Occupational Activity	0	0	0
Social Activity	0	0	0
Thesis Work	0	0	0
Field Study	0	0	0
Report Writing	0	0	0
Final Exam	1	1	1
Preparation for the Final Exam	3	12	36
Mid-Term Exam	1	1	1
Preparation for the Mid-Term Exam	3	10	30
Short Exam	0	0	0
Preparation for the Short Exam	0	0	0
TOTAL	63	0	205