ECTS - International Political Economy

International Political Economy (IR502) Course Detail

Course Name Course Code Season Lecture Hours Application Hours Lab Hours Credit ECTS
International Political Economy IR502 Area Elective 3 0 0 3 5
Pre-requisite Course(s)
N/A
Course Language English
Course Type Elective Courses
Course Level Social Sciences Master's Degree
Mode of Delivery Face To Face
Learning and Teaching Strategies Lecture, Discussion, Question and Answer, Problem Solving, Team/Group.
Course Coordinator
Course Lecturer(s)
  • Prof. Dr. Faruk Yalvaç
Course Assistants
Course Objectives The main aim of this course is to introduce students to the academic study of international political economy (IPE). Principal aims are to learn the leading theoretical approaches to IPE; examining the historical development of the global political economy; outlining the main structural features of the global political economy; and exploring selected current developments.
Course Learning Outcomes The students who succeeded in this course;
  • Apprehend the relation between international politics and international economy
  • Evaluate the formation process of the global economy in the international system
  • Understand the importance of international trade for the nation states
Course Content The disciplinary history of IPE and its leading theoretical approaches, an awareness of the historical development of the global political economy, the main structural features of the global political economy and how they are changing.

Weekly Subjects and Releated Preparation Studies

Week Subjects Preparation
1 The nature of political economy: The issues of political economy ; The importance of the market ; The economic consequences of a market ; Market effects and political responses Gilpin, Chapter 1
2 Three ideologies of political economy: The liberal perspective ; The Nationalist perspective ; The Marxist perspective ; A critique of the perspectives ; Three challenges to a World Market economy ; Welfare capitalism in a non-welfare international capitalist world Gilpin, Chapter 2
3 The dynamics of the international political economy: Contemporary theories of the International Political Economy ; The political economy of structural change ; The mechanisms of structural change ; Structural change and economic conflict Gilpin, Chapter 3
4 International money matters: The era of specie money ; The era of political money ; The classical gold standard (1870-1914) Gilpin, Chapter 4
5 The interregnum between British and American leadership (1914-1944) Gilpin, Chapter 4
6 The Bretton Woods system (1944-1976) ; The dollar and American hegemony ; The non-system of flexible rates ; The issue of policy coordination Gilpin, Chapter 4
7 The Reagan administration and policy coordination ; The policy for policy coordination Gilpin, Chapter 4
8 Mid-term
9 The politics of international trade: The importance of trade ; The liberal theory of international trade ; The Nationalist theory of international trade ; Free trade versus economic protectionism ; The GATT system Gilpin, Chapter 5
10 Emergent trade issues ; New trading patterns ; The Rapprochement of Liberal and Nationalist theories ; The prospects for the Liberal trade regime Gilpin, Chapter 5
11 Multinational corporations and international production: The nature of the multinational ; The era of American multinationals ; The multinationals and home countries ; The multinationals and host countries ; The new multinationalism Gilpin, Chapter 6
12 The issue of dependency and economic development: The Liberal perspective on economic development ; The classical Marxist perspective on economic development ; The underdevelopment position ; An evaluation of LDC strategies ; The process of uneven growth Gilpin, Chapter 7
13 The political economy of international finance: Three eras of international finance ; The Eurodollar market ; The debt problem in the 1980s ; Japanese subsidization of American hegemony ; The Nichibei economy and its prospects Gilpin, Chapter 8
14 The transformation of the global political economy: Structural changes in the international political economy ; The transition problem Gilpin, Chapter 9
15 The emergent international economic order: The problem of political leadership ; The adjustment problem ; International norms versus domestic autonomy ; A mixed system, mercantilistic competition, economic regionalism, and sectoral protectionism Gilpin, Chapter 10
16 General Review

Sources

Course Book 1. Gilpin, R. and Gilpin J, The Political Economy of International Relations, Princeton, N.J. : Princeton University Press, 1987

Evaluation System

Requirements Number Percentage of Grade
Attendance/Participation - -
Laboratory - -
Application - -
Field Work - -
Special Course Internship - -
Quizzes/Studio Critics - -
Homework Assignments - -
Presentation - -
Project - -
Report - -
Seminar - -
Midterms Exams/Midterms Jury 1 40
Final Exam/Final Jury 1 60
Toplam 2 100
Percentage of Semester Work 40
Percentage of Final Work 60
Total 100

Course Category

Core Courses
Major Area Courses X
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 Acquiring the skills of understanding, explaining, and using the fundamental concepts and methodology of international relations. X
2 Acquiring the skills of analyzing international relations from a theoretical level. X
3 Acquiring the ability to make logical interpretations about the recent either global or national political events. X
4 Acquiring different perspectives on international relations. X
5 Improving the ability to make analyses about the current and future prospects of global and regional actors. X
6 Developing relevant academic and applied research skills in political areas. X
7 To improve the academic writing skills pertaining to the academic area. X
8 To improve the academic presentation skills pertaining to the academic area. X
9 To improve analytical thinking and independent research skills. X
10 Acquiring an open-minded behavior through encouraging critical analysis, interpretation, discussions, and/or continuous learning. X
11 Improving the ability to effectively develop arguments. X
12 Understanding importance of lifelong learning 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 2 32
Presentation/Seminar Prepration
Project
Report
Homework Assignments
Quizzes/Studio Critics
Prepration of Midterm Exams/Midterm Jury 1 20 20
Prepration of Final Exams/Final Jury 1 25 25
Total Workload 125