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Department of Physics
GEEC 204 | Course Introduction and Application Information
| Course Name |
Modern World Economy
|
|
Code
|
Semester
|
Theory
(hour/week) |
Application/Lab
(hour/week) |
Local Credits
|
ECTS
|
|
GEEC 204
|
Fall/Spring
|
3
|
0
|
3
|
6
|
| Prerequisites |
None
|
|||||
| Course Language |
English
|
|||||
| Course Type |
Service Course
|
|||||
| Course Level |
First Cycle
|
|||||
| Mode of Delivery | - | |||||
| Teaching Methods and Techniques of the Course | - | |||||
| National Occupation Classification | - | |||||
| Course Coordinator | ||||||
| Course Lecturer(s) | ||||||
| Assistant(s) | ||||||
| Course Objectives | The objective of this course is to offer a basic analytical approach to the students, who do not necessarily have a prior theoretical background in this area, so that they can understand and follow the economic developments both in the World and Turkey. In that context, students will learn the essential economic concepts and be able to see how and where these concepts are utilized. Meanwhile, the students will be exposed to the economic approaches centered on those concepts and find out how these approaches deal with the current economic issues and globalization process. Another objective of this course is to understand the main strategies developed by the decision makers and policy makers at various levels facing global economic problem |
| Learning Outcomes |
The students who succeeded in this course;
|
| Course Description | |
| Related Sustainable Development Goals |
|
|
|
Core Courses | |
| Major Area Courses | ||
| Supportive Courses | ||
| Media and Management Skills Courses | ||
| Transferable Skill Courses |
WEEKLY SUBJECTS AND RELATED PREPARATION STUDIES
| Week | Subjects | Related Preparation |
| 1 | Introduction and Essential Economic Concepts | Introduction and Basic Economic Concepts Investopedia. (2001). Economics Basics. Investopedia. https://www.investopedia.com/articles/01/082201.as |
| 2 | Economic Concepts | Economic Concepts OpenStax. (2023). Principles of Economics, 3e: Introduction (Chapter 1). OpenStax. https://openstax.org/books/principles-economics-3e/pages/1-introduction |
| 3 | Economic Concepts | Economic Concepts World Economic Forum. (2021). What is GDP and why does it matter? World Economic Forum. https://www.weforum.org/agenda/2021/09/what-is-gdp-and-why-it-matters |
| 4 | Globalization | Jakubik, A., & Van Heuvelen, E. (2024). Back to Basics: Globalization Today. International Monetary Fund. https://www.imf.org/en/Publications/fandd/issues/2024/06/B2B-Globalization-Today-Adam-Jakubik-and-Elizabeth-Van-Heuvelen |
| 5 | Globalization and Institutions | Brookings Institution. (2022). How global institutions shape the world economy. Brookings. https://www.brookings.edu/articles/how-international-institutions-shape-global-economy |
| 6 | Economics Systems | Acemoglu, D., & Johnson, S. (2021). Capitalism, Socialism, and Democracy in the 21st Century. Project Syndicate. https://www.project-syndicate.org/commentary/capitalism-socialism-and-democracy-in-the-21st-century-by-daron-acemoglu-and-simon-johnson-2021-06 |
| 7 | Current Finance Structure in the World | World Economic Forum. (2025). 5 transformational trends shaping global finance. World Economic Forum. https://www.weforum.org/stories/2025/01/5-transformational-trends-shaping-global-finance |
| 8 | Emerging Markets and Core Countries | Emerging Markets: Growth, Opportunities, Challenges. Investopedia. https://www.investopedia.com/terms/e/emergingmarketeconomy.asp |
| 9 | Midterm Exam week | Due to midterm week, there will be no class in the 9th week. |
| 10 | Economics of Turkey | Öniş, Z. (2021). Turkey and the Global Economy: Navigating New Realities. Carnegie Europe. https://carnegieeurope.eu/2021/03/23/turkey-and-global-economy-navigating-new-realities-pub-84115 |
| 11 | Economics of Turkey | OECD. (2021). Turkey’s Role in Global Value Chains. OECD. https://www.oecd.org/industry/ind/global-value-chains.htm |
| 12 | Business Models | Harvard Business Review. (2019). How globalization is changing business models. Harvard Business Review. https://hbr.org/2019/05/how-globalization-is-changing-business |
| 13 | Business Models | World Bank. (2022). Business Models in the New Global Economy. World Bank Blogs. https://blogs.worldbank.org/psd/business-models-new-global-economy |
| 14 | Project | |
| 15 | Project | |
| 16 | Review of the Semester |
| Course Notes/Textbooks | |
| Suggested Readings/Materials |
EVALUATION SYSTEM
| Semester Activities | Number | Weigthing |
| Participation | ||
| Laboratory / Application | ||
| Field Work | ||
| Quizzes / Studio Critiques | ||
| Portfolio | ||
| Homework / Assignments |
1
|
30
|
| Presentation / Jury |
1
|
25
|
| Project | ||
| Seminar / Workshop | ||
| Oral Exams | ||
| Midterm | ||
| Final Exam |
1
|
45
|
| Total |
| Weighting of Semester Activities on the Final Grade |
2
|
55
|
| Weighting of End-of-Semester Activities on the Final Grade |
1
|
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
|
2
|
32
|
| Field Work |
0
|
||
| Quizzes / Studio Critiques |
0
|
||
| Portfolio |
0
|
||
| Homework / Assignments |
1
|
30
|
30
|
| Presentation / Jury |
1
|
25
|
25
|
| Project |
0
|
||
| Seminar / Workshop |
0
|
||
| Oral Exam |
0
|
||
| Midterms |
0
|
||
| Final Exam |
1
|
45
|
45
|
| Total |
180
|
COURSE LEARNING OUTCOMES AND PROGRAM QUALIFICATIONS RELATIONSHIP
|
#
|
Program Competencies/Outcomes |
* Contribution Level
|
|||||
|
1
|
2
|
3
|
4
|
5
|
|||
| 1 |
To be able master and use fundamental phenomenological and applied physical laws and applications, |
-
|
-
|
-
|
-
|
-
|
|
| 2 |
To be able to identify the problems, analyze them and produce solutions based on scientific method, |
-
|
-
|
-
|
-
|
-
|
|
| 3 |
To be able to collect necessary knowledge, able to model and self-improve in almost any area where physics is applicable and able to criticize and reestablish his/her developed models and solutions, |
-
|
-
|
-
|
-
|
-
|
|
| 4 |
To be able to communicate his/her theoretical and technical knowledge both in detail to the experts and in a simple and understandable manner to the non-experts comfortably, |
-
|
-
|
-
|
-
|
-
|
|
| 5 |
To be familiar with software used in area of physics extensively and able to actively use at least one of the advanced level programs in European Computer Usage License, |
-
|
-
|
-
|
-
|
-
|
|
| 6 |
To be able to develop and apply projects in accordance with sensitivities of society and behave according to societies, scientific and ethical values in every stage of the project that he/she is part in, |
-
|
-
|
-
|
-
|
-
|
|
| 7 |
To be able to evaluate every all stages effectively bestowed with universal knowledge and consciousness and has the necessary consciousness in the subject of quality governance, |
-
|
-
|
-
|
-
|
-
|
|
| 8 |
To be able to master abstract ideas, to be able to connect with concreate events and carry out solutions, devising experiments and collecting data, to be able to analyze and comment the results, |
-
|
-
|
-
|
-
|
-
|
|
| 9 |
To be able to refresh his/her gained knowledge and capabilities lifelong, have the consciousness to learn in his/her whole life, |
-
|
-
|
-
|
-
|
-
|
|
| 10 |
To be able to conduct a study both solo and in a group, to be effective actively in every all stages of independent study, join in decision making stage, able to plan and conduct using time effectively. |
-
|
-
|
-
|
-
|
-
|
|
| 11 |
To be able to collect data in the areas of Physics 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 the human history to their field of expertise. |
-
|
-
|
-
|
-
|
-
|
|
*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest
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