| Course Contents |
| This course covers the definition of financial crises, their historical development and their effects on the economy. Concepts such as fragility in the financial system, speculative bubbles, liquidity crises and systemic risk are examined theoretically and practically. Various crisis models are evaluated within the framework of classical and modern financial crisis theories. Starting from the Great Depression of 1929, important historical crisis examples such as the Mexican Crisis of 1994, the Asian Crisis of 1997, the Turkish Crisis of 2001 and the Global Financial Crisis of 2008 are analyzed in detail. In addition, the effects of global contagion are discussed through the European Debt Crisis and crises in developing countries. Crisis forecasting methods, early warning systems and monetary and fiscal policies implemented against crises are also covered within the scope of the course. Financial crises experienced in the Turkish economy are specifically evaluated. The aim is to provide students with critical thinking skills about crisis management, regulatory reforms and the future of the financial system. |
| Weekly Course Content |
| Week |
Subject |
Learning Activities and Teaching Methods |
| 1 |
Crisis and Economic Crisis |
Lecture, Question and Answer, Discussion |
| 2 |
Capitalism, History of Capitalism and Financial Capitalism |
Lecture, Question and Answer, Discussion |
| 3 |
Financial Crises Before Capitalism |
Lecture, Question and Answer, Discussion |
| 4 |
Financial Crises of the 17th Century |
Lecture, Question and Answer, Discussion |
| 5 |
18th Century Financial Crises and Stock Market Bubbles |
Lecture, Question and Answer, Discussion |
| 6 |
Financial Crises of the 18th Century: The Bengal Bubble and the Credit Crisis of 1772 |
Lecture, Question and Answer, Discussion |
| 7 |
Crises of the 19th Century |
Lecture, Question and Answer, Discussion |
| 8 |
mid-term exam |
|
| 9 |
The Great Depression of 1929 |
Lecture, Question and Answer, Discussion |
| 10 |
Oil Crises and Asian Crisis |
Lecture, Question and Answer, Discussion |
| 11 |
Major Financial Crises in Turkey I |
Lecture, Question and Answer, Discussion |
| 12 |
Major Financial Crises in Turkey II |
Lecture, Question and Answer, Discussion |
| 13 |
2001 Banking Crisis |
Lecture, Question and Answer, Discussion |
| 14 |
2007 US Mortgage Crisis |
Lecture, Question and Answer, Discussion |
| 15 |
General Evaluation |
Lecture, Question and Answer, Discussion |
| 16 |
final exam |
|
| Recommend Course Book / Supplementary Book/Reading |
| 1 |
Geçmişten Günümüze Finansal Krizler (1619-2014), Murat Kaykusuz. (NEVÜ kütüphanede e-kitap şeklinde bulunmaktadır.) |
| 2 |
Kindleberger, Charles P. & Aliber, Robert Z. – Manias, Panics and Crashes: A History of Financial Crises |
| 3 |
Minsky, Hyman P. – Stabilizing an Unstable Economy ve Akyüz, Yılmaz – Küresel Kriz ve Yeni Ekonomi |
| Required Course instruments and materials |
| Textbook, Lecture Notes, Computer |
