ECTS - Political Economy of Financial Crises
Political Economy of Financial Crises (POEC646) Course Detail
| Course Name | Course Code | Season | Lecture Hours | Application Hours | Lab Hours | Credit | ECTS |
|---|---|---|---|---|---|---|---|
| Political Economy of Financial Crises | POEC646 | General Elective | 3 | 0 | 0 | 3 | 5 |
| Pre-requisite Course(s) |
|---|
| N/A |
| Course Language | English |
|---|---|
| Course Type | Elective Courses |
| Course Level | Ph.D. |
| Mode of Delivery | Face To Face |
| Learning and Teaching Strategies | Lecture. |
| Course Lecturer(s) |
|
| Course Objectives | Different aspects of the financial crisis is the main theme; study of different theoretical approaches and models, impact of the financial globalization oneconomic-financial structures, analysis of the 2008-2009 global financial-economic crisis, its impact on real economy, The Euro area – sovereign debt- crisis |
| Course Learning Outcomes |
The students who succeeded in this course;
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| Course Content | Overview of the history of the financial-economic crisis; the structural transformation of the world economy: from 19th to 21st century; Bretton Woods system; neoliberal globalization, financial liberalization and the asymetric development in the world economy; global imbalances in the era of globalization and the new financial architecture; theori |
Weekly Subjects and Releated Preparation Studies
| Week | Subjects | Preparation |
|---|---|---|
| 1 | Overview of the history of the financial-economic crisis | |
| 2 | The structural transformation of the world economy: from 19th to 21st century | |
| 3 | Establishment of the Bretton Woods system and its impact on the world economy | |
| 4 | Neoliberal globalization, financial liberalization and the asymetric development in the world economy | |
| 5 | Global imbalances in the era of globalization and the new financial architecture (I) | |
| 6 | Global imbalances in the era of globalization and the new financial architecture (II) | |
| 7 | Theories of financial crisis and models (I) | |
| 8 | Theories of financial crisis and models (II) | |
| 9 | The structural properties of the 2008-2009 global financial crisis | |
| 10 | Leading indicators and the impact of the global financial crisis | |
| 11 | Euro area sovereign debt crisis (I) | |
| 12 | Euro area sovereign debtcrisis (II) | |
| 13 | The Greek Problem | |
| 14 | The policy responses to the crisis and the alternative solutions to the debt crisis and the austerity | |
| 15 | Euro area sovereign debt crisis and the macroeconomic imbalances in Turkey | |
| 16 | What have we learned? General evaluationand discussion |
Sources
| Other Sources | 1. Frank, Andre Gunder (editör) (2003), Dünya Sistemi, İmge Kitabevi, Ankara. |
|---|---|
| 2. Rosanvallon, Pierrre (2004), Refah Devletinin Krizi, Dost Kitabevi yayını, Ankara. | |
| 3. Roubini, Nouriel ve Mihm, Stephen (2012), Kriz Ekonomisi, Pegasus, İstanbul. | |
| 4. Rodrik, Dani (2011), The Globalization Paradox: Democracy and the Future of the World Economy, Norton, New York. | |
| 5. Eichengreen, Barry (2008), Globalizing Capital: A History of the International Monetary System, 2nd ed., Yale University Press, New Haven and London. | |
| 6. Akman, Cüneyt (2010), Küresel Kriz, Kalkedon, İstanbul. | |
| 7. Akalın,Gülsüm ve Akalın, Uğur Selçuk (editör) (2009), Neoliberal İktisadım Marksist Eleştirisi, Kalkedon, İstanbul | |
| 8. Krugman, P. (2001), “ Crises: The next generation?”, paper presented for Razin Conference, Tel Aviv University, March 25-26. | |
| 9. Eichengreen, B. and Bordo, M. D. (2002), “Crises now and then: What lessonsfrom the last era of financial globalization?” , NBER, Working paper 8716, January, http://www.nber.org/papers/w8716 | |
| 10. Blanchard, O. and Milesi-Ferretti, G. M. (2009), “Global imbalances : In midstream” IMF Staff Position Note, SPN/09/29, IMF, December 22. | |
| 11. Boratav, K. “A comparison of two cycles in the world economy:1989-2007”, The IDEAS Working Paper Series, Paper No: 07/2009 http://networkideas.org/working/aug 2009/wp26_07_2009.htm | |
| 12. EuroMemorandum Group (2009), Europe in crisis: A critique of the EU’s failure to respond, EuroMemorandum 2009/2010. | |
| 13. Thomas I. Palley (2011), Monetary Union stability: the need for a government banker and the case for a European Public Finance Authority, IMK Working Paper 2/2011, February. | |
| 14. Koutsabinas, T. “2010), “A Keynes moment in the global financial collapse”, Real-World Economic Revew, issue no:52, 82-99. | |
| 15. Uygur, E (2010), The Global Crisis and The Turkish Economy, Third World Network, Penang. | |
| 16. Sönmez, S. (1999) “Gündemdeki Kriz Üzerine”, Marksizm ve Gelecek, 9-36, Bahar. |
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 | 40 |
| Report | - | - |
| Seminar | - | - |
| Midterms Exams/Midterms Jury | - | - |
| Final Exam/Final Jury | 1 | 50 |
| Toplam | 3 | 100 |
| Percentage of Semester Work | |
|---|---|
| Percentage of Final Work | 100 |
| Total | 100 |
Course Category
| Core Courses | X |
|---|---|
| Major Area Courses | |
| Supportive Courses | |
| 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 | ||