Global Economic Policy (POEC611) Course Detail

Course Name Course Code Season Lecture Hours Application Hours Lab Hours Credit ECTS
Global Economic Policy POEC611 3 0 0 3 5
Pre-requisite Course(s)
N/A
Course Language Turkish
Course Type N/A
Course Level Ph.D.
Mode of Delivery Face To Face
Learning and Teaching Strategies Lecture, Discussion, Question and Answer.
Course Coordinator
Course Lecturer(s)
  • Prof. Dr. Sinan Sönmez
Course Assistants
Course Objectives Understand the functioning of the global economy and financial and economic crises.
Course Learning Outcomes The students who succeeded in this course;
  • Understand the functioning of the global economy and financial and economic crises.
Course Content World economy after World War II: theoretical approaches; realist approach, liberal approach, historical approach, international monetary and financial relations, external debt and financial crisis.

Weekly Subjects and Releated Preparation Studies

Week Subjects Preparation
1 Transformation in the World Economy: Characteristics of the 1st and 2nd Sharing Processes - Cohn, T. H. (2010), Global political economy, Boston: Pearson Education, Inc. - Gilpin, R. (2001), Global political economy: Understanding the international order, Princeton: Princeton University Press. - Hutton, W., and Giddens, A. (ed.), (2000), Global Capitalism, New York: The New York Press. -Berberoglu, B. (2003), Globalization of capital and the nation-state, Lanham: Rowman & L ittlefield Publishers Inc.
2 Transformation in the World Economy: Characteristics of the 1st and 2nd Sharing Processes -Berberoğlu, B. (2008), “The dynamics of globalization and its impact on society in the 21st century”, Küreselleşme, Demokratikleşme ve Türkiye Uluslararası Sempozyumu Bildiri Kitabı, Akdeniz Üniversitesi, Antalya, 27-30 Mart. -Sklair, L. (1999), “Competing concepts of globalisation”, Journal of World Systems Research, V (2), 143-163, Summer. Sklair, L. (2000),”The transnational capitalist class and the discourse of globalisation” Cambridge Review of International Affairs 14(1): 67-85, September.
3 Transformation in the World Economy: Characteristics of the 1st and 2nd Sharing Processes Georges, S. (1999), “A short history of neoliberalism”, Conference on Economic Sovereignty in a Globalizing World,, March 24-26. Lubbers, R., and Koorevaar, J. (1999), “Primary globalisation,secondary globalisation, and the Sustainable Development Paradigm - Opposing Forces in the21st Century”, Conference on 21st Century Social Dynamics: Towards the Creative Society, Expo 2000, OECD Forum for the Future December 6 – 7, 1999, Berlin -Sönmez, S. (2005), Dünya ekonomisinde dönüşüm, 2. Basım, Ankara:İmge Kitabevi,
4 Transformation in the World Economy: Characteristics of the 1st and 2nd Sharing Processes -Sönmez, S. (2016), Bretton Woods, Fordizm ve hegemonya, Hacettepe Üniversitesi, İktisadi ve İdari Blimler Dergisi, 34 (1), 43-62. - Sönmez, S. (2008), “Refah devletinden yönetişimci devlete: kapitalizmin dinamikleri/From welfare state to good governance state: Dynamics of capitalism”, Küreselleşme, Demokrasi ve Türkiye Uluslararası Sempozyumu Bildiri Kitabı, Akdeniz Üniversitesi, İİBF, Antalya, 27-30 Mart.
5 Financing the Economy and Crises - Berberoglu, B. (Edit.),(2012),Beyond the global capitalist crisis: the world economy in transition, Ashgate, Farnham, UK, Burlington, USA. -Hein, E., Detzer, D., and Dodig, N. (Eds.) (2015), The Demise of Finance-Dominated Capitalism, Cheltenhan: Edward Elgar Publishing. -Krugman,P.(1998),“What happened to Asia?”, http://www.mit.edu/krugman/www/DISINTER.html -Krugman Paul (1998), “Currency Crises” http://www.mit.edu/krugman/www/crises.html -Krugman, P. (2001), “ “Crises: The next generation?”, paper presented for Razin Conference, Tel Aviv University, March 25-26.
6 Financing the Economy and Crises -Velasco Andrés and Chang Roberto (1998), “The Asian Liquidity Crisis”, RR# 98-27, C.V. Starr Center for Appied Economics, New York University. -Radelet, S., and Sachs, J. (1998), The Onset of the East Asian Financial Crises" NBER Working Paper 6680, http://www.nber.org/papers/w6680 Eichengreen, B., and Michener, K. (2003), “Comments on The Great Depression as a Credit Boom Gone Wrong”, Prepared for the BIS conference Monetary Stability, Financial Stability and the Business Cycle. Basel, Switzerland, March 28 – 29. Reinhart, C. M., and Rogoff, K.S. (2008), “This time is different: A panoramic view of eight centuries of of financial crises”, NBER Working paper 13882, March. http://www.nber.org/papers/w13882
7 Financing the Economy and Crises Eichengreen, B. and Bordo, M. D. (2002), “Crises now and then: What lessons from the last era of financial globalization?” , NBER Working paper 8716, January, http://www.nber.org/papers/w8716 Crotty, J. (2008), “Structural causes of the Global Financial Crisis: A critical assessment of the new financial architecture” , Cambridge Journal of Economics 2009, 33, 563–580 . http://cje.oxfordjournals.org/content/33/4/563.full.pdf+html Crotty, J. (2011), The Great Austerity War:What Caused the Deficit Crisis and Who Should Pay to Fix It?, The Helen Sheridan Memorial Lecture, Presented in Boston on April 15, 2011 University of Massachusetts. Obtsfeld, M. and Rogoff,K. (2009), “Global imbalances and the financial crisis: product of common causes”, paper presented for the Federal Reserve Bank of San Francisco, Asia Economic Policy Conference, Santa Barbara, CA, October 18-20. http://elsa.berkeley.edu/obstfeld/santabarbara.pdf Blanchard, O. and Milesi-Ferretti, G. M. (2009), “Global imbalances : In midstream” IMF Staff Position Note, SPN/09/29, IMF, December 22. https://www.imf.org/external/pubs/ft/spn/.../spn0929.pdf
8 Midterm
9 European Debt Crisis Selected Articles
10 European Debt Crisis Selected Articles
11 European Debt Crisis Selected Articles
12 Neoliberal Globalization, BRICS - especially the position of the Chinese economy) Selected Articles
13 Neoliberal Globalization, BRICS - especially the position of the Chinese economy) Selected Articles
14 Student Presentations
15 Student Presentations
16 Final Exam

Sources

Other Sources 1. Seçilmiş okumalar

Evaluation System

Requirements Number Percentage of Grade
Attendance/Participation - -
Laboratory - -
Application - -
Field Work - -
Special Course Internship - -
Quizzes/Studio Critics - -
Homework Assignments - -
Presentation 1 10
Project 1 25
Report - -
Seminar - -
Midterms Exams/Midterms Jury 1 25
Final Exam/Final Jury 1 40
Toplam 4 100
Percentage of Semester Work 60
Percentage of Final Work 40
Total 100

Course Category

Core Courses
Major Area Courses
Supportive Courses X
Media and Managment Skills Courses
Transferable Skill Courses

The Relation Between Course Learning Competencies and Program Qualifications

# Program Qualifications / Competencies Level of Contribution
1 2 3 4 5
1 To compare main theories and/or approaches in political economy and make a critical evaluation of each X
2 To compare main macroeconomic theories and/or approaches and make a critical evaluation of each X
3 To use complementary approaches from other relevant disciplines (e.g. political science, sociology) in order to solve problems requiring scientific expertise X
4 To develop the skills for establishing a micro-macro link in human and social sciences X
5 To analyze the main economic indicators and comment on them X
6 To acquire theoretical knowledge through literature survey and derive empirically testable hypothesis X
7 To be able to develop new approaches/theories for complex problems in political economy X
8 To apply critical thinking, statistical/econometric tools or other relevant quantitative and qualitative tools to new areas/problems X
9 To make a research design and carry it out within predetermined time frames X
10 To formulate and present policy recommendations based on academic research X
11 To continue learning and undertake advanced research independently X

ECTS/Workload Table

Activities Number Duration (Hours) Total Workload
Course Hours (Including Exam Week: 16 x Total Hours) 16 3 48
Laboratory
Application
Special Course Internship
Field Work
Study Hours Out of Class 16 4 64
Presentation/Seminar Prepration
Project
Report
Homework Assignments
Quizzes/Studio Critics
Prepration of Midterm Exams/Midterm Jury 1 2 2
Prepration of Final Exams/Final Jury 1 3 3
Total Workload 117