FACULTY OF FINE ARTS AND DESIGN
Department of Architecture| 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 |
| 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 |
| 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 |
| 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
|
|
#
|
Program Competencies/Outcomes |
* Contribution Level
|
|||||
|
1
|
2
|
3
|
4
|
5
|
|||
| 1 |
To be able to offer a professional level of architectural services. |
-
|
-
|
-
|
-
|
-
|
|
| 2 |
To be able to take on responsibility as an individual and as a team member to solve complex problems in the practice of design and construction. |
-
|
-
|
-
|
-
|
-
|
|
| 3 |
To be able to understand methods to collaborate and coordinate with other disciplines in providing project delivery services.
|
-
|
-
|
-
|
-
|
-
|
|
| 4 |
To be able to understand, interpret, and evaluate methods, concepts, and theories in architecture emerging from both research and practice. |
-
|
-
|
-
|
-
|
-
|
|
| 5 |
To be able to develop environmentally and socially responsible architectural strategies at multiple scales. |
-
|
-
|
-
|
-
|
-
|
|
| 6 |
To be able to develop a critical understanding of historical traditions, global culture and diversity in the production of the built environment. |
-
|
-
|
-
|
-
|
-
|
|
| 7 |
To be able to apply theoretical and technical knowledge in construction materials, products, components, and assemblies based on their performance within building systems. |
-
|
-
|
-
|
-
|
-
|
|
| 8 |
To be able to present architectural ideas and proposals in visual, written, and oral form through using contemporary computer-based information and communication technologies and media. |
-
|
-
|
-
|
-
|
-
|
|
| 9 |
To be able to demonstrate a critical evaluation of acquired knowledge and skills to diagnose individual educational needs and direct self-education skills for developing solutions to architectural problems and design execution. |
-
|
-
|
-
|
-
|
-
|
|
| 10 |
To be able to take the initiative for continuous knowledge update and education as well as demonstrate a lifelong learning approach in the field of Architecture. |
-
|
-
|
-
|
-
|
-
|
|
| 11 |
To be able to collect data in the areas of Architecture and communicate with colleagues in a foreign language ("European Language Portfolio Global Scale", Level B1) |
-
|
-
|
-
|
-
|
-
|
|
| 12 |
To be able to speak a second foreign language 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
As Izmir University of Economics transforms into a world-class university, it also raises successful young people with global competence.
More..Izmir University of Economics produces qualified knowledge and competent technologies.
More..Izmir University of Economics sees producing social benefit as its reason for existence.
More..