Course Information

Course Name	Turkish	Kalkınma İktisadı
	English	Economics of Development
Course Code	ECO 301	Credit	Lecture (hour/week)	Recitation (hour/week)	Laboratory (hour/week)
Semester	1	3	3	-	-
Course Language		English
Course Coordinator		İpek İlkkaracan Ajas
Course Objectives		The course aims to introduce students to the subject of development economics and to develop their understanding of the political economy of the complex problems and policy issues that are faced by emerging market economies of the world.
Course Description		The course will start with an overview of the meaning and measures/indicators of the phenomena of “economic development” as distinct from “economic growth”, and place the issue in a historical context. Following this introduction, we will cover the wide-ranging and diverse spectrum of economic theories and models of development and growth. In the second half of the course, we shift from theoretical concerns to exploration of a series of applied topics such as structural transformations of developing market economies through industrialization and agricultural development processes, population growth, education, technology, open macroeconomics issues such as exchange rate regimes, capital flows and balance of payments problems, macroeconomic policies and international institutional linkages. The final part of the course will entail presentations and discussions of group projects on particular topics of interest with a focus on Turkey as a case study.
Course Outcomes		1. Understanding of the different economic theories and models of economic development; 2. Understanding of the role of the state and the market in facilitating economic development; 3. Ability to apply the theoretical and conceptual knowledge acquired to analyze the main forces sustaining and limiting economic development today, and the design of effective policy interventions.
Pre-requisite(s)		Microeconomics, Macroeconomics
Required Facilities
Other
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