Information Package
baskent.edu.tr

Master's of International Relations without Thesis

PSIR560

POLITICAL ECONOMY

Course Code
PSIR560
Semester
-
Theory+Practice
3 + 0
ECTS
10
Course TypeElective Course
Course LevelMaster's Degree Without Thesis
Year of Study-
Semester-
ECTS10
Name of Lecturer(s)
Learning Outcomes

At the end of this course, the students;

  1. Develop an understanding of the theoretical debates and issues in international political economy literature and gain skills to use them independently.
  2. Gain comprehensive knowledge about the actors, structures and processes of economic policy making at national and international levels..
  3. Gain knowledge of the fact that international political and economic domains are inextricably intertwined.
Mode of DeliveryFace to face
PrerequisitesNo
Recommended Optional Programme ComponentsNo recommended optional programme components.
Course DescriptionThe objective of the course is to study the historical development of the relations between economy and politics from different theoretical perspectives. Different political economy configurations like capitalism, socialism, welfare state and neoliberalism will be taken as major constituents of the international system.
Course Contents
WEEK TOPICS
1st Week Introduction: Values, theories and issues of the international political economy
2nd Week The Liberal perspective
3rd Week Notions of power in international political economy: Realism and Merchantalism
4th Week Marx and Marxist theories of imperialism
5th Week Dependency and World-Systems approach
6th Week Neo-Realism and Hegemonic Stability
7th Week Theories of International Organizations
8th Week Mid-term Exam
9th Week The evolution of the world economy I: Mercantilism to Laissez faire
10th Week The evolution of the world economy II: Bretton Woods and Marshall Plan
11th Week The evolution of the world economy III: Fiscal Crisis and the Debt problem
12th Week Monetarism and the rise of neoliberalism
13th Week Globalization and the internationalization of the state I
14th Week Globalization and the internationalization of the state II
Recommended or Required ReadingR. Stubbs and G. Underhill, Political Economy and the Changing Global Order (London: Macmillan, 1994)
S. Strange, States and Markets (London: Pinter, 1994)
R. W. Cox, Production, Power and World Order (New York: Columbia University Press, 1987)
A. Brewer, Marxist Theories of Imperialism (London: Routledge & Kegan Paul, 1980)
P. Baran, P. Sweezy and H. Magdoff, Çağdaş Kapitalizmin Bunalımı (Ankara: Bilgi Yayınevi, 1975)
R. Gilpin, Political Economy of International Relations (Princeton, Princeton University Press, 1987)
Adam Smith, Wealth of Nations,
S. Clarke, Keynesianism, Monetarism and the Crisis of the State, (Aldershot: Edward Elgar 1988)
B. Buzan, People, States and Feaqr (Boulder: Lynne Reiner, 1991)
R. O. Keohane, ed., Neo-Realism and its Critics (New York: Columbia University Press, 1986)
R. O. Keohane, ed., International Institutions and State Power (Boulder, CO: Westview, 1989)
C. Kindleberger, The World in Depression (University Of California Press, 1986)
S. Krasner, ed., International Regimes (Ithaca, Cornell University Press, 1983)
C. Kindleberger, "The Rise of Free Trade in Western Europe," Journal of Economic History, 35 (1975): 20-55
F. Block, The Origins of International Economic Disorder, (Berkeley: University of California Press, 1977).
P. Cerny, Rethinking World Politics, (Oxford: Oxford University Press, 2010)
J. A. Frieden, Global Capitalism, (W. W. Norton and Company, 2006)

Planned Learning Activities and Teaching Methods
  • Lecture
  • Discussion
  • Questions/Answers
Assessment Methods and Criteria
Quantity Percentage (%)
Mid-term 1 40
Assignment 2 60
Total(%) 100
Contribution of In-term Studies to Overall Grade(%) 100
Contribution of Final Examination to Overall Grade(%) 0
Total(%) 100
ECTS Allocated Based on Student Workload
Activities Quantity Duration (Hour) Total Workload (Hour)
Midterm exam 1 3 3
Preparation for Quiz
Individual or group work 14 6 84
Preparation for Final exam
Course hours 14 3 42
Preparation for Midterm exam 1 55 55
Laboratory (including preparation)
Final exam
Homework 2 60 120
Total Work Load304
Total Work Load / 30 (h)10.13
ECTS Credit of the Course10
Language of InstructionTurkish
Work Placement(s)No

Programme Qualifications / Learning Outcomes

LO1 LO2 LO3
K1 X
K2 X
K3
K4 X
K5
K6
K7 X X X
K8 X X X