| Course Name | European Economic and Monetary Integration |
| Code | Semester | Theory (hour/week) | Application/Lab (hour/week) | Local Credits | ECTS |
|---|---|---|---|---|---|
| PSIR 432 | Fall/Spring | 3 | 0 | 3 | 6 |
| Prerequisites | None | |||||
| Course Language | English | |||||
| Course Type | Elective | |||||
| Course Level | First Cycle | |||||
| Mode of Delivery | - | |||||
| Teaching Methods and Techniques of the Course | ||||||
| Course Coordinator | - | |||||
| Course Lecturer(s) | ||||||
| Assistant(s) | - | |||||
| Course Objectives | This course provides an introduction to the political economy of the European Union. A purely economic or political background to the European Union would leave students with an incomplete view of the future of the Union. This course will address the main policies of the EU touching upon its economic as well as political approach and will aim to give students an interdisciplinary understanding of the Union.The main goal of this class is to analyze the interaction of economics and politics between the European Union and the member states in the context of policymaking and policies in several key areas. The history and reasons behind the economic and monetary integration of Europe will be discussed as well as the different agreements and their contributions to the Europe of today and the enlargement process currently under way. This should be a dynamic course enabling students to apply the current events topics about the EU they hear about every day into an academic framework that will enable them to do research and build a strong EU foundation. |
| Learning Outcomes | The students who succeeded in this course;
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| Course Description | This course is designed as an introduction to EU's political economy. |
| Related Sustainable Development Goals | |
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| Core Courses | X |
| Major Area Courses | ||
| Supportive Courses | ||
| Media and Managment Skills Courses | ||
| Transferable Skill Courses |
| Week | Subjects | Required Materials |
| 1 | Introduction | David N. Balaam and Michael Veseth. “The European Union: The Economics and Politics of Integration” in Introduction to Political Economy, Second Edition, 2001. p. 231251Hitiris, Chp. 1 |
| 2 | Economic History of Europe | Barry Eichengreen. “Innovation and Integration: Europe’s Economy Since 1945”Baldwin and Wyplosz, Chp. 1 |
| 3 | Globalization and Regional Currencies | Benjamin Cohen. “Monetary Governance in a World of Regional Currencies” |
| 4 | Optimum Currency Areas | DeGrauwe. Chp. 1 & 2Baldwin and Wyplosz, Chp. 11 |
| 5 | Costs and Benefits of a Common Currency | DeGrauwe, Chp. 3 & 4 |
| 6 | Midterm | |
| 7 | European Central Bank and the Turkish Central Bank | DeGrauwe, Chp. 8Caner Bakır, Merkezdeki Banka: Türkiye Cumhuriyet Merkez Bankası ve Uluslararası Bir Karşılaştırma. İstanbul Bilgi Üniversitesi Yayınları, 2007. |
| 8 | Fiscal Policy and the Stability and Growth Pact | Baldwin and Wyplosz. Chp. 18DeGrauwe, Chp. 10 |
| 9 | The Budget of the EUCommon Agricultural Policy | McDonald and Dearden, Chp. 4Nello, Chp. 11Baldwin and Wyplosz, Chp. 12Riley, Geoff. Economics Case Study: European Common Agricultural Policy, 2003. McDonald and Dearden, Chp. 11Hitiris, Chp. 7Nello, Chp. 12 |
| 10 | Regional Policy | Baldwin and Wyplosz, Chp. 13McDonald and Dearden, Chp. 8Hitiris, Chp. 10Nello, Chp. 15 |
| 11 | External Trade Policy | Hitiris, Chp. 8Baldwin and Wyplosz, Chp. 15Nello, Chp. 18 & 19McDonald and Dearden, Chp. 12 |
| 12 | Competition Policy | Riley, Geoff. Economics Case Study: European Competition Policy and the Single European Market, 2003.Case Study: Volkswagen and NintendoBaldwin and Wyplosz, Chp. 14Nello, Chp. 17McDonald and Dearden, Chp. 5 |
| 13 | Taxation Policy | Hitiris, Chp. 5 |
| 14 | Presentations | |
| 15 | Final | |
| 16 | Review of the Semester |
| Course Notes/Textbooks | Baldwin, Richard and Charles Wyplosz. The Economics of European Integration, London: McGraw Hill, 2009. Third Edition.De Grauwe, Paul. Economics of Monetary Union, New York: Oxford University Press, 2009. Eighth Edition.Nello, Susan Senior. The European Union: Economics, Policies and History, London: McGraw Hill, 2009. Second Edition.Hitiris, Theo. European Union Economics, London: FT Prentice Hall, 2003. Fifth Edition.Eichengreen, Barry and Jeffry A. Frieden. The Political Economy of European Monetary Integration. Westview Press, 2000. Second Edition.McDonald, Frank & Stephen Dearden. European Economic and Monetary Integration, 4th Edition, Prentice Hall Financial Times, 2005. Pelkmans, Jacques. European Integration: Methods and Economic Analysis, New York: FT Prentice Hall, 2006. Third Edition.
*All course readings are available at the University Library and as open sources. |
| Suggested Readings/Materials | International and national news publications and other published books on the economics of the European Union |
| Semester Activities | Number | Weigthing |
| Participation | 1 | 5 |
| Laboratory / Application | ||
| Field Work | ||
| Quizzes / Studio Critiques | ||
| Portfolio | ||
| Homework / Assignments | 1 | 20 |
| Presentation / Jury | 1 | 15 |
| Project | ||
| Seminar / Workshop | ||
| Oral Exam | ||
| Midterm | 1 | 30 |
| Final Exam | 1 | 30 |
| Total |
| Weighting of Semester Activities on the Final Grade | 4 | 70 |
| Weighting of End-of-Semester Activities on the Final Grade | 1 | 30 |
| Total |
| Semester Activities | Number | Duration (Hours) | Workload |
|---|---|---|---|
| Course Hours (Including exam week: 16 x total hours) | 16 | 3 | 48 |
| Laboratory / Application Hours (Including exam week: 16 x total hours) | 16 | ||
| Study Hours Out of Class | 13 | 3 | 39 |
| Field Work | |||
| Quizzes / Studio Critiques | |||
| Portfolio | |||
| Homework / Assignments | 1 | 15 | |
| Presentation / Jury | 1 | 17 | |
| Project | |||
| Seminar / Workshop | |||
| Oral Exam | |||
| Midterms | 1 | 20 | |
| Final Exams | 1 | 30 | |
| Total | 169 |
| # | Program Competencies/Outcomes | * Contribution Level | ||||
1 | 2 | 3 | 4 | 5 | ||
| 1 | To be able to use the theoretical and practical knowledge acquired in the areas of Political Science and International Relations. | X | ||||
| 2 | To be able to have the basic knowledge of, and make use of other disciplines which contribute to the areas of Political Science and International Relations. | X | ||||
| 3 | To be able to distinguish the differences between classical and contemporary theories and to assess their relationship. | X | ||||
| 4 | To be able to recognize regional and global issues, and develop solutions based on research. | X | ||||
| 5 | To be able to assess the acquired knowledge and skills in the areas of Political Science and International Relations critically. | X | ||||
| 6 | To be able to transfer ideas and proposals on issues in the areas of Political Science and International Relations to other people and institutions verbally and in writing. | |||||
| 7 | To be able to identify the historical continuity and changes observed in the relations between the actors and institutions of national and international politics. | X | ||||
| 8 | To be able to examine concepts, theories, and developments with scientific methods in the areas of Political Science and International Relations. | |||||
| 9 | To be able to take responsibility as an individual and as a team member. | |||||
| 10 | To be able to act in accordance with the scientific and ethical values in studies related to Political Science and International Relations. | |||||
| 11 | To be able to collect data in the areas of Political Science and International Relations 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 human history to their field of experience. | |||||
*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest
