At the end of this course, the students; 1) Gain the ability to define and discuss major approaches (realist, liberal, structuralist and feminist approaches) to international political economy. 2) Develop an understanding of the concepts of capitalism, neoliberalism, globalization and imperialism and their inter-relations. 3) Analyze different approaches to development and underdevelopment. 4) Get informed about the historical stages of the formation and transformation of the world economy. 5) Explain the major characteristics of global production, trade and financial system. 6) Discuss the emergence, basic features and collapse of the Bretton Woods financial system. 7) Grasp the dynamics of the emergence of economic crises. 8) Explain the reasons and effects of 2008 global financial crisis.
MODE OF DELIVERY
Face to face
PRE-REQUISITES OF THE COURSE
No
RECOMMENDED OPTIONAL PROGRAMME COMPONENT
No recommended optional programme components.
COURSE DEFINITION
The course will study the relations between politics and economy at both national and international levels from different theoretical perspectives.
COURSE CONTENTS
WEEK
TOPICS
1st Week
Introduction
2nd Week
What is International Political Economy?
3rd Week
Mainstream Approaches: Mercantilism and liberalism
4th Week
Structuralist approaches I: Classical Marxism and Imperialism Theories
5th Week
Structuralist approaches II: Theories of Development
6th Week
Structuralist approaches II: Theories of Development II
Historical Origins and Development of Global Capitalism
11th Week
International Money and Finance Structure
12th Week
International Debt and Financial Crises
13th Week
Global Economic Crisis and Beyond
14th Week
Wrap-up: Global Capitalism in the Post-Pandemic Era
RECOMENDED OR REQUIRED READING
Book: David N. Balaam and Bradford Dillman (2014), Introduction to International Political Economy, Routledge.
Articles and Book Chapters Michael Kratke and Geoffrey R.D. Underhill (2006) "Political Economy: The Revival of an Interdiscipline", in Richard Stubbs and Geoffrey R.D. Underhill (Eds.) Political Economy and the Changing Global Order, Oxford: Oxford University Press, s.24-37. Benjamin J. Cohen (2007) "The transatlantic divide: Why are American and British IPE so different?", Review of International Political Economy, 14: 2, s.197 - 219. Ben Fine and Alfredo Saad-Filho, Marx's Capital, Pluto Press, p.1-60. Alex Callinicos (2016) "Marxism: and the Very Idea of Critical Political Economy" in Alan Cafruny et al (Eds.) The Palgrave Handbook of Critical International Political Economy, p.49-65. Giovanni E. Reyes (2001) "Four Main Theories of Development: Modernization, Dependency, World-System and Globalization", Nomadas, No.2. Şebnem Oğuz (2013) "The Developmental State as an Institutional Construct: A Historical and Theoretical Critique", Review of Public Administration, Vol.7, No.4. Ziya Öniş-Fikret Şenses (2007) "Global Dynamics, Domestic Coalitions and a Reactive State:Major Policy Shifts in Post-War Turkish Economic Development", METU Studies in Development 34 (December), 2007, 251-286. Robert Cox (1996) "Social Forces, States and World Orders: Beyond International Relations Theory" in Cox, Robert W. and Sinclair, Timothy J. (eds.) Approaches to World Order, Cambridge University Press (Originally published in 1982). Andreas Bieler and Adam David Morton (2004) "A critical theory route to hegemony, world order and historical change: neo-Gramscian perspectives in international relations", Capital & Class; 82; pp.85-113. Leila Simona Talani (2016) "Neo-Gramscians and IPE: A Socio-Economic Understanding of Transnationalism, Hegemony and Civil Society" in Alan Cafruny et al (Eds.) The Palgrave Handbook of Critical International Political Economy, p.67-82. S. Peterson (2005) "How (the Meaning of) Gender Matters in Political Economy", New Political Economy, Vol. 10, No. 4. Diane Elson (2002) "Gender Responsive Budget Initiatives: Key Dimensions and Practical Examples", Gender Budget Initiatives, UNIFEM, p.15-29. E.M.Wood (2002) The Origins of Capitalism, p. 11-121. Kiely, Ray (2005) "From Bretton Woods to Neoliberal Globalisation" (Chapter 3) The Clash of Globalisations: Neo-liberalism, the Third Way and Anti-Globalisation, Brill: Leiden, pp.48-80. Alfredo Saad-Filho (2005) "From Washington to Post-Washington Consensus: Neoliberal Agendas for Economic Development" in Alfredo Saad-Filho and Deborah Johnston (Eds.) Neoliberalism: A Critical Reader, Pluto Press, p.113-119.
PLANNED LEARNING ACTIVITIES AND TEACHING METHODS
Lecture
ASSESSMENT METHODS AND CRITERIA
Quantity
Percentage(%)
Mid-term
1
30
Assignment
1
20
Attendance
1
10
Total(%)
60
Contribution of In-term Studies to Overall Grade(%)
60
Contribution of Final Examination to Overall Grade(%)
40
Total(%)
100
ECTS WORKLOAD
Activities
Number
Hours
Workload
Midterm exam
1
1
1
Preparation for Quiz
Individual or group work
14
2
28
Preparation for Final exam
1
40
40
Course hours
14
3
42
Preparation for Midterm exam
1
30
30
Laboratory (including preparation)
Final exam
1
1
1
Homework
1
10
10
Total Workload
152
Total Workload / 30
5,06
ECTS Credits of the Course
5
LANGUAGE OF INSTRUCTION
English
WORK PLACEMENT(S)
No
KEY LEARNING OUTCOMES (KLO) / MATRIX OF LEARNING OUTCOMES (LO)