| Code |
Name of the Course Unit |
Semester |
In-Class Hours (T+P) |
Credit |
ECTS Credit |
| EKF446 |
FINANCIAL CRISES |
8 |
3 |
3 |
8 |
GENERAL INFORMATION |
| Language of Instruction : |
Turkish |
| 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 |
Assoc.Prof. BÜLENT İLHAN |
| Course Prerequisite |
No |
OBJECTIVES AND CONTENTS |
| Objectives of the Course Unit: |
To provide information about financial crises in Türkiye and the global economy, and to offer an analytical perspective on the causes and consequences of these crises. |
| Contents of the Course Unit: |
This study provides an analytical assessment of the causes of crises that have occurred locally and globally from the 1980s to the present, their consequences at the national and global economic levels, 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) |
WEEKLY COURSE CONTENTS AND STUDY MATERIALS FOR PRELIMINARY & FURTHER STUDY |
| Week |
Preparatory |
Topics(Subjects) |
Method |
| 1 |
- |
Crisis and the Concept of Economic Crisis, Causes of Crises |
- |
| 2 |
- |
Types of Economic Crises and Financial Crisis Models |
- |
| 3 |
- |
The 1929 US Depression |
- |
| 4 |
- |
1974-1978 Oil Supply Crises |
- |
| 5 |
- |
The 1980s: The Period of Financial Liberalization and its Effects on the Turkish Economy |
- |
| 6 |
- |
The 1980 Crisis in the Turkish Economy, the January 24th Decisions, and the 1982 Banker Crisis |
- |
| 7 |
- |
The 1993-1994 Crisis in the Turkish Economy |
- |
| 8 |
- |
The 1990s: Latin America, 1998 Southeast Asia, and the Russian Ruble Crises |
- |
| 9 |
- |
The 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 |
- |
The 2008 Global Liquidity Crisis: Causes, Consequences, and Measures Taken |
- |
| 13 |
- |
A Chronological Overview of Devaluations in the Turkish Economy |
- |
| 14 |
- |
Exchange Rate Vulnerability in the Turkish Economy: The Current Account Deficit and Carry Trade Dilemma |
- |
| 15 |
- |
Assessment and Conclusion: The Effects and Consequences of Crises on the Turkish Economy |
- |
| 16 |
- |
FINAL EXAM |
- |
| 17 |
- |
FINAL EXAM |
- |
SOURCE MATERIALS & RECOMMENDED READING |
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 |
CONTRIBUTION OF THE COURSE UNIT TO THE PROGRAMME LEARNING OUTCOMES
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)
|
|
|
|
|
4 |
|
| 2 |
Evaluate the economic environment and overall sustainability of firms. (Bloom 4)
|
|
|
|
|
4 |
|
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)
|
|
|
|
|
4 |
|
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)
|
|
|
|
|
4 |
|
| 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)
|
|
|
|
|
4 |
|
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).
|
0 |
|
|
|
|
|
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)
|
|
|
|
|
|
5 |
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)
|
|
|
|
|
4 |
|
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)
|
|
|
|
|
4 |
|
| 2 |
Evaluate the effectiveness of the general economic system and public policies and their effects on markets and basic economic variables.(Bloom 4)
|
|
|
|
|
4 |
|
| 3 |
Analyze the cause and effect relationships between the relevant economic variables. (Bloom 4)
|
|
|
|
|
|
5 |
| 4 |
Evaluate the expected trends and portfolio analyzes in interest and exchange rates within the framework of the general financial system. (Bloom 4)
|
|
1 |
|
|
|
|
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 |
12 |
3 |
36 |
| Land Surveying |
0 |
0 |
0 |
| Group Work |
2 |
6 |
12 |
| Laboratory |
0 |
0 |
0 |
| Reading |
12 |
3 |
36 |
| Assignment (Homework) |
2 |
12 |
24 |
| 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 |
4 |
8 |
32 |
| Mid-Term Exam |
1 |
1 |
1 |
| Preparation for the Mid-Term Exam |
4 |
5 |
20 |
| Short Exam |
0 |
0 |
0 |
| Preparation for the Short Exam |
0 |
0 |
0 |
| TOTAL |
52 |
0 |
204 |
|
Total Workload of the Course Unit |
204 |
|
|
Workload (h) / 25.5 |
8 |
|
|
ECTS Credits allocated for the Course Unit |
8,0 |
|