| Course Name | Political Economics |
| Code | Semester | Theory (hour/week) | Application/Lab (hour/week) | Local Credits | ECTS |
|---|---|---|---|---|---|
| ECON 409 | Fall/Spring | 3 | 0 | 3 | 6 |
| Prerequisites |
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| 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 | The primary aim of this course is to understand the political economy of globalization, i.e. the restructuring of economic interactions (both real and financial) at different spatial scales and its consequences for various social groups, from a critical perspective. We will analyze different theoretical approaches to globalization by comparing their assumptions, methods, and implications. It is also important to comprehend the historical and political context in which these different theoretical approaches have evolved over time. Therefore, in addition to standard approaches, alternative views such as Keynesian, institutionalist, Marxist, and other interdisciplinary theories will be explored in this course. |
| Learning Outcomes | The students who succeeded in this course;
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| Course Description | By using alternative economic approaches this course will constitute an analytical framework to help us understand the interaction among the major players such as multinational corporations, nationstates, and international institutions (e.g. IMF, WTO etc.) in the process of globalization. The same framework will also shed light on how this interaction have both enabled and constrained the strategies of various groups with respect to the issues such as inequality, growth, poverty, gender, and ecology associated with globalization. |
| Related Sustainable Development Goals | |
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| Core Courses | |
| Major Area Courses | ||
| Supportive Courses | X | |
| Media and Managment Skills Courses | ||
| Transferable Skill Courses |
| Week | Subjects | Required Materials |
| 1 | Evolution of Political Economy Theories | Introduction to International Political Economy (2011) Balaam and Dillman Chapter 2 |
| 2 | Evolution of Political Economy Theories (continues) | Introduction to International Political Economy (2011) Balaam and Dillman Chapter 2 |
| 3 | Evolution of Political Economy Theories (continues) | Introduction to International Political Economy (2011) Balaam and Dillman Chapters 3 and 4 |
| 4 | Globalization and the Changing Structure of Production and Trade | Introduction to International Political Economy (2011) Balaam and Dillman Chapter 6 |
| 5 | Global Financial Structure | Introduction to International Political Economy (2011) Balaam and Dillman Chapter 7 |
| 6 | Global Financial Structure | Introduction to International Political Economy (2011) Balaam and Dillman Chapter 8 |
| 7 | Midterm Exam | |
| 8 | Issues in Political Economy: Inequality | "Global Income Inequality in Numbers: inHistory and Now" (2013) B. Milanovic, Global Policy (4) 2 |
| 9 | Issues in Political Economy:Migration | World Migration Report 2018 IOM The UN Migration Agency |
| 10 | Issues in Political Economy: Integration projects and the EU | |
| 11 | Issues in Political Economy: Rising Powers | Introduction to International Political Economy (2011) Balaam and Dillman Chapter 11 |
| 12 | Issues in Political Economy: Future of Development | Introduction to International Political Economy (2011) Balaam and Dillman Chapter 13 |
| 13 | Project Presentations | |
| 14 | Project Presentations | |
| 15 | Review of the Semester | |
| 16 | Review of the Semester |
| Course Notes/Textbooks | Introduction to International Political Economy (2011) Balaam and Dillman Pearson International |
| Suggested Readings/Materials | Theories of Political Economy (1992) Caporaso and Levine, Cambridge University |
| Semester Activities | Number | Weigthing |
| Participation | ||
| Laboratory / Application | ||
| Field Work | ||
| Quizzes / Studio Critiques | ||
| Portfolio | ||
| Homework / Assignments | ||
| Presentation / Jury | 1 | 30 |
| Project | ||
| Seminar / Workshop | ||
| Oral Exam | ||
| Midterm | 1 | 30 |
| Final Exam | 1 | 40 |
| Total |
| Weighting of Semester Activities on the Final Grade | 2 | 60 |
| Weighting of End-of-Semester Activities on the Final Grade | 1 | 40 |
| 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 | 16 | 3 | 48 |
| Field Work | |||
| Quizzes / Studio Critiques | |||
| Portfolio | |||
| Homework / Assignments | |||
| Presentation / Jury | 1 | 25 | |
| Project | |||
| Seminar / Workshop | |||
| Oral Exam | |||
| Midterms | 1 | 25 | |
| Final Exams | 1 | 30 | |
| Total | 176 |
| # | Program Competencies/Outcomes | * Contribution Level | ||||
1 | 2 | 3 | 4 | 5 | ||
| 1 | To be able to acquire a sound knowledge of fundamental concepts, theories, principles and methods of investigation specific to the economic field. | X | ||||
| 2 | To be able to apply adequate mathematical, econometric, statistical and data analysis models to process economic data and to implement scientific research for development of economic policies. | X | ||||
| 3 | To be able to participate in academic, professional, regional, and global networks and to utilize these networks efficiently. | |||||
| 4 | To be able to have adequate social responsibility with regards to the needs of the society and to organize the activities to influence social dynamics in line with social goals. | X | ||||
| 5 | To be able to integrate the knowledge and training acquired during the university education with personal education and produce a synthesis of knowledge one requires. | |||||
| 6 | To be able to evaluate his/her advance level educational needs and do necessary planning to fulfill those needs through the acquired capability to think analytically and critically. | X | ||||
| 7 | To be able to acquire necessary skills to integrate social dynamics into economic process both as an input and an output. | X | ||||
| 8 | To be able to link accumulated knowledge acquired during the university education with historical and cultural qualities of the society and be able to convey it to different strata of society. | X | ||||
| 9 | To be able to take the responsibility as an individual and as a team member. | |||||
| 10 | To be able to attain social, scientific and ethical values at the data collection, interpretation and dissemination stages of economic analysis. | X | ||||
| 11 | To be able to collect data in economics 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 economics. | |||||
*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest
