FACULTY OF BUSINESS

Department of Economics

ECON 203 | Course Introduction and Application Information

Course Name
Economic History
Code
Semester
Theory
(hour/week)
Application/Lab
(hour/week)
Local Credits
ECTS
ECON 203
Fall/Spring
3
0
3
6

Prerequisites
None
Course Language
English
Course Type
Elective
Course Level
First Cycle
Mode of Delivery -
Teaching Methods and Techniques of the Course -
Course Coordinator
Course Lecturer(s)
Assistant(s)
Course Objectives The aim of this course is to give students a background on economic developments and origins of contemporary society. The main focus of the course will be the emergence and the development of social and economic systems, and how these systems have come to shape our contemporary world, by giving emphasis on the European context. Keeping this aim in mind, we will first consider what economic history is (what kind of a discipline it is, how is different from economics, etc.), and then consider what in human history had paved the way to capitalism. The course will be ended with a brief discussion of the contemporary era, in which the process of globalization is said to be prevalent.
Learning Outcomes The students who succeeded in this course;
  • Will be able to analyze the evolution of economic institutions in a historical comparative perspective.
  • Will be able to explain noncapitalist economic formations.
  • Will be able to explain the functioning of current economic processes in a historical perspective.
  • Will be able to explain the importance of technology and other nonmarket institutions in the evolution of the economic process.
  • Will be able to analyze the relationship between regional, national and international economic developments in a historical context.
Course Description The aim of this course is to inform students about the historical development of economic processes and institutions and the evolution of production, distribution, consumption patterns, and the factors of production in the world and particularly in Western Europe. Some of the topics on this course include: economic processes in the ancient world and middle ages, geographical expansion of the Western world, industrial revolution, developments in agriculture, finance, banking sectors during the expansion process of the main European countries, application of technology, developments in telecommunication and transportation, the role of the state, the growth of the world economy and impact of the European industrialized countries on the rest of the world, and the economic developments of the post World War I and II.

 



Course Category

Core Courses
X
Major Area Courses
Supportive Courses
Media and Management Skills Courses
Transferable Skill Courses

 

WEEKLY SUBJECTS AND RELATED PREPARATION STUDIES

Week Subjects Related Preparation
1 Economic History and Economic Development Cameron, ch. 1
2 Economic Development in Ancient Times Cameron, ch. 2
3 Economic Development in Medieval Europe Cameron, ch. 3
4 The World in 1400 Wolf, ch. 2
5 European Expansion Wolf, ch. 4 & 5
6 The Fur Trade and the Slave Trade Wolf, ch. 6 & 7
7 Trade and Conquest in the Orient Wolf, ch. 8
8 Midterm
9 Industrial Revolution Wolf, ch. 9
10 Crisis and Differentiation in Capitalism Wolf, ch. 10 & 11
11 The New Laborers Wolf, ch. 12
12 Overview of the World Economy in Twentieth Century Cameron, ch. 13 & 14
13 Rebuilding the World Economy and Globalization Cameron, ch. 15 & 16
14 Review of the semester
15 Review of the semester
16 Review of the semester

 

Course Notes/Textbooks

Cameron, R. (2003). A Concise Economic History of the World: From Paleolithic Times to the Present (4th edition). Oxford University Press.

Wolf, E. (1982). Europe and the People Without History: With a New Preface (Reprint edition). University of California Press. 

[also available in Turkish Wolf, E. R. (2019). Avrupa ve Tarihsiz Halklar. İş Bankası Yayınları.]

Suggested Readings/Materials

 

EVALUATION SYSTEM

Semester Activities Number Weigthing
Participation
Laboratory / Application
Field Work
Quizzes / Studio Critiques
3
15
Portfolio
Homework / Assignments
Presentation / Jury
Project
Seminar / Workshop
Oral Exams
Midterm
1
40
Final Exam
1
45
Total

Weighting of Semester Activities on the Final Grade
55
Weighting of End-of-Semester Activities on the Final Grade
45
Total

ECTS / WORKLOAD TABLE

Semester Activities Number Duration (Hours) Workload
Theoretical Course Hours
(Including exam week: 16 x total hours)
16
3
48
Laboratory / Application Hours
(Including exam week: '.16.' x total hours)
16
0
Study Hours Out of Class
16
3
48
Field Work
0
Quizzes / Studio Critiques
3
5
15
Portfolio
0
Homework / Assignments
0
Presentation / Jury
0
Project
25
0
Seminar / Workshop
0
Oral Exam
0
Midterms
1
32
32
Final Exam
1
37
37
    Total
180

 

COURSE LEARNING OUTCOMES AND PROGRAM QUALIFICATIONS RELATIONSHIP

#
Program Competencies/Outcomes
* Contribution Level
1
2
3
4
5
1

To be able to acquire a sound knowledge of fundamental concepts, theories, principles and methods of investigation specific to the economic field.

X
2

To be able to apply adequate mathematical, econometric, statistical and data analysis models to process economic data and to implement scientific research for development of economic policies.

X
3

To be able to participate in academic, professional, regional, and global networks and to utilize these networks efficiently.

4

To be able to have adequate social responsibility with regards to the needs of the society and to organize the activities to influence social dynamics in line with social goals.

X
5

To be able to integrate the knowledge and training acquired during the university education with personal education and produce a synthesis of knowledge one requires.

6

To be able to evaluate his/her advance level educational needs and do necessary planning to fulfill those needs through the acquired capability to think analytically and critically.

7

To be able to acquire necessary skills to integrate social dynamics into economic process both as an input and an output.

8

To be able to link accumulated knowledge acquired during the university education with historical and cultural qualities of the society and be able to convey it to different strata of society.

X
9

To be able to take the responsibility as an individual and as a team member.

10

To be able to attain social, scientific and ethical values at the data collection, interpretation and dissemination stages of economic analysis.

X
11

To be able to collect data in economics and communicate with colleagues in a foreign language ("European Language Portfolio Global Scale", Level B1)

12

To be able to speak a second foreign at a medium level of fluency efficiently.

13

To be able to relate the knowledge accumulated throughout human history to their field of economics.

*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest

 


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