TÜRKÇE
ENGLISH
Information
| Code | İKT707 |
| Name | Natural Resources Economics |
| Term | 2022-2023 Academic Year |
| Term | Spring |
| Duration (T+A) | 3-0 (T-A) (17 Week) |
| ECTS | 5 ECTS |
| National Credit | 3 National Credit |
| Teaching Language | Türkçe |
| Level | Yüksek Lisans Dersi |
| Type | Normal |
| Mode of study | Yüz Yüze Öğretim |
| Catalog Information Coordinator | |
| Course Instructor |
1 |
Course Goal / Objective
The main objective of this course is to systematically introduce students to the economics of natural resources. Natural resources are of great importance, especially in the context of commodity markets. Some of the natural resources, especially energy and precious stones and metals, are a very important part of the economic development process within the framework of high economic returns.
Course Content
This course will focus on the complex nature of the relationship between natural resources and the process of economic development in terms of their economic returns. The course will review and analyze the relevant literature, especially the Resource Curse, and will encourage students to pursue intermediate and advanced studies while increasing their knowledge on these issues.
Course Precondition
There are no preconditions.
Resources
Başol, K. (2007). Doğal Kaynaklar Ekonomisi. İzmir.Hodge, I. (1995). Environmental Economics: Individual Incentives and Public Choices,Kaplan, A. (1999), Küresel çevre sorunları ve politikaları, Kazgan, Gülten (1988), Ekonomide Dışa Açık Büyüme,Kula, E. (1994), Economics of Natural Resources the Environment and Policies
Notes
Kuralbayeva, K. Ve Diğ., (2001), “Is Kazakhstan Vulnerable to the Dutch Disease?”, ZEI Policy-Working Papers, No. 29 (B), University of Bonn.Lederman, D. And Maloney, W.F. (2007), Natural Resources: Neither Curse nor Destiny, A Copublication of Stanford University and World Bank.Mızrak, N.Y. (1999), “Hollanda Hastalığı: Makroekonomik Etkileri, Ülke Örnekleri ve Türkiye”, İktisat-İşletme ve Finans Dergisi, Agustos, s.52-63.Rosenberg, C. B. and Saavalainen, T. O. (1998), “How to Deal with Azerbaijan’s Oil Boom? Policy Strategies in a Resource-Rich Transition Economy”, IMF Working Paper No. 6.Ross, M.L. (1999), “The Political Economy of Resource Curse”, World Politics, Vol.51, pp.297-322. Sachs, J.D. ve Larrain, F.B. (1993), Macroeconomics in the Global Economy, Harvester Wheatsheaf, New York. Sachs, Jeffrey D., and Andrew M. Warner (1995), “Natural Resource Abundance and Economic Growth,” NBER Working Paper 5398, Cambridge, Massachusetts. World Trade Report 2010: Trade in Natural Resources, WTO 2010.
Course Learning Outcomes
| Order | Course Learning Outcomes |
|---|---|
| LO01 | Learn why natural resources and commodity markets are important for individuals, companies and governments. |
| LO02 | With products ranging from food to raw materials to energy, this course will enhance the knowledge and analysis skills of the students involved. |
| LO03 | Students learn better the types and properties of natural resources. |
| LO04 | Understands commodity markets, the importance of energy products and market structures. |
| LO05 | Learns the financialization relations (especially exchanges and futures transactions) through these products. |
| LO06 | Students learn the role of natural resources in the process of economic development in developed and developing countries. |
Relation with Program Learning Outcome
| Order | Type | Program Learning Outcomes | Level |
|---|---|---|---|
| PLO01 | Bilgi - Kuramsal, Olgusal | Gains expertise in economics. | 5 |
| PLO02 | Bilgi - Kuramsal, Olgusal | Specifies the role of the market economy, the price advantage of the event. | |
| PLO03 | Bilgi - Kuramsal, Olgusal | Explains basic macroeconomic problems such as unemployment, inflation, current account deficit and policies to solve these problems based on scientific sources. | 1 |
| PLO04 | Bilgi - Kuramsal, Olgusal | Faces with challenges, produces a numerical and policy options. | 4 |
| PLO05 | Bilgi - Kuramsal, Olgusal | Builds, decodes and interprets models by using quantitative and qualitative techniques | |
| PLO06 | Bilgi - Kuramsal, Olgusal | Learning the application of programme packages like SAS, RATS, SPSS, TSP, Win BUGS, EViews, etc to do analyses of empirical data. | |
| PLO07 | Bilgi - Kuramsal, Olgusal | Uses the theory of economics in analyzing the economic events | 5 |
| PLO08 | Bilgi - Kuramsal, Olgusal | Acquires the ability of analyzing in the conceptual level ,compares interprets, evaluates and synthesizes ideas in order to develop solutions to the problems. | |
| PLO09 | Bilgi - Kuramsal, Olgusal | Takes responsibility individually and / or in a team,leads a team and works effectively | 5 |
| PLO10 | Bilgi - Kuramsal, Olgusal | With the awareness of the necessity of life-long learning, follows the latest developments about his field and improves himself | 5 |
| PLO11 | Bilgi - Kuramsal, Olgusal | Speaks Turkish, and at least one other foreign language in accordance with the requirements of academic and business life. | |
| PLO12 | Bilgi - Kuramsal, Olgusal | Questions traditional approaches, implementations, and methods ;develops and practises alternative study programs when required | 4 |
| PLO13 | Beceriler - Bilişsel, Uygulamalı | Knows where and how to find all scientific resources and data to do her research. | 5 |
| PLO14 | Beceriler - Bilişsel, Uygulamalı | Understands the necessity and importance of research in social sciences. | |
| PLO15 | Beceriler - Bilişsel, Uygulamalı | Understands the relationship between economics and other branches of science. | 5 |
| PLO16 | Yetkinlikler - İletişim ve Sosyal Yetkinlik | Expresses himself/herself accurately, both orally and in writing. | |
| PLO17 | Yetkinlikler - Öğrenme Yetkinliği | Recognize and apply social, scientific and professional ethical values. |
Week Plan
| Week | Topic | Preparation | Methods |
|---|---|---|---|
| 1 | Importance of Natural Resources for Economic Activities | Reading | Öğretim Yöntemleri: Anlatım |
| 2 | Classification of Natural Resources | Reading | Öğretim Yöntemleri: Anlatım |
| 3 | Distribution of Natural Resources | Reading | Öğretim Yöntemleri: Anlatım |
| 4 | Natural Resources Supply and Demand | Reading | Öğretim Yöntemleri: Anlatım |
| 5 | Natural Resources and Energy Resources | Reading | Öğretim Yöntemleri: Anlatım |
| 6 | Natural Resources and Economic Growth | Reading | Öğretim Yöntemleri: Anlatım |
| 7 | Natural Resources and Economic Development | Reading | Öğretim Yöntemleri: Anlatım |
| 8 | Mid-Term Exam | Prepare to Exam | Ölçme Yöntemleri: Yazılı Sınav |
| 9 | Natural Resources and Resource Misfortune | Reading | Öğretim Yöntemleri: Anlatım |
| 10 | Natural Resources and Industrialization | Reading | Öğretim Yöntemleri: Anlatım |
| 11 | Natural Resources and the Dutch Disease | Reading | Öğretim Yöntemleri: Anlatım |
| 12 | Natural Resources and Human Capital | Reading | Öğretim Yöntemleri: Anlatım |
| 13 | Natural Resources and Sustainable Growth | Reading | Öğretim Yöntemleri: Anlatım |
| 14 | Natural Resources and Foreign Trade | Reading | Öğretim Yöntemleri: Anlatım |
| 15 | Natural Resources and Technological Change | Reading | Öğretim Yöntemleri: Anlatım |
| 16 | Natural Resource Use and Environmental Relations | Reading | Öğretim Yöntemleri: Anlatım |
| 17 | Term Exam | Prepare to Exam | Ölçme Yöntemleri: Yazılı Sınav, Ödev |
Student Workload - ECTS
| Works | Number | Time (Hour) | Workload (Hour) |
|---|---|---|---|
| Course Related Works | |||
| Class Time (Exam weeks are excluded) | 14 | 3 | 42 |
| Out of Class Study (Preliminary Work, Practice) | 14 | 3 | 42 |
| Assesment Related Works | |||
| Homeworks, Projects, Others | 0 | 0 | 0 |
| Mid-term Exams (Written, Oral, etc.) | 1 | 12 | 12 |
| Final Exam | 1 | 18 | 18 |
| Total Workload (Hour) | 114 | ||
| Total Workload / 25 (h) | 4,56 | ||
| ECTS | 5 ECTS | ||