Curriculum Turkey's Economy
Turkey's Economy
A case study in growth, crisis and unorthodox policy: Turkey's position between Europe and Asia, Atatürk's state-led industry, the 2001 crash, the 2000s boom, cutting rates to fight inflation, the lira's collapse, life with 80 percent inflation, the 2023 U-turn, factories and drones, the earthquake, the EU customs union and lessons.
- Turkey: A Bridge Between Continents An overview of Turkey's economy - its size, location between Europe and Asia, main industries and why it is a useful case study in macroeconomic policy. 📄 Read-aloud
- Atatürk and State-Led Industrialisation How the Republic of Turkey founded in 1923 under Mustafa Kemal Atatürk used state enterprises to industrialise, and how policy shifted to markets in the 1980s. 📄 Read-aloud
- The 2001 Crisis and Recovery How weak banks and high public debt caused Turkey's 2001 financial crisis, and how reforms including an independent central bank led to recovery. 📄 Read-aloud
- The Boom of the 2000s How Turkey grew rapidly after 2002 with stable prices, foreign capital, construction and rising incomes, and the vulnerabilities that built up. 📄 Read-aloud
- Cutting Rates to Fight Inflation How Turkey's government pushed the central bank to cut interest rates even as inflation rose, based on the unorthodox view that high rates cause inflation. 📄 Read-aloud
- The Lira's Collapse How the Turkish lira lost most of its value against the dollar between 2018 and 2024, why people rushed to dollars and gold, and the costly "FX-protected" deposit scheme. 📄 Read-aloud
- Turkey's Economy: Checkpoint 1 Quick checkpoint - five questions on Turkey's economy, statism, the 2001 crisis, the boom and rate cuts. 5 questions
- Living with 80 Percent Inflation How very high inflation changed daily life in Turkey - frequent price changes, wage erosion, housing costs and debates over official statistics. 📄 Read-aloud
- The Return to Orthodox Policy How Turkey reversed course after the May 2023 election, raising interest rates sharply to fight inflation, and the early results of the U-turn. 📄 Read-aloud
- Turkey's Factories: Cars, Textiles and Drones How Turkey built strong manufacturing in cars, appliances, textiles and defence, including its globally sold Bayraktar drones. 📄 Read-aloud
- Construction, Tourism and the 2023 Earthquake How construction and tourism powered Turkey's economy, how the February 2023 earthquakes exposed weak building enforcement, and the economic cost. 📄 Read-aloud
- The EU Customs Union How Turkey's 1995 customs union with the EU boosted industrial trade, why EU membership talks stalled, and the limits of the arrangement. 📄 Read-aloud
- Lessons from Turkey What Turkey's experience teaches about central bank independence, inflation, currency crises and institutions, and a recap of the module. 📄 Read-aloud