Skip to main content

IKT 453 - Politic Economy

Faculty of Business and Management Sciences · Business Administration (English 30%) · Undergraduate

ECTS: 5 T+P+L: 3+0+0 University Elective
Coordinator: Doç. Dr. Haşmet GÖKIRMAK

Course Objective

This course examines the intersection of politics and economics in the global system, providing an in-depth analysis of the development, structure, and operation of the international political economy (IPE).

Course Content

It explores the historical evolution of economic systems, globalization, trade regimes, and development challenges. Special focus is given to the WTO, neoliberal policies, and critical perspectives such as mercantilism, structuralism, and green theory. Students will critically assess globalization’s impacts, particularly its negative effects on less developed countries, and gain insight into sustainability, inequality, and the digital economy in the global economy.

 

Required Resources

  • Balaam, D. N., & Dillman, B. (2019). Introduction to international political economy (7th ed.). Routledge. ISBN: 978-1-138-20699-1
  • Oatley, T. (2023). International political economy (7th ed.). Routledge. ISBN:  978‑1‑032‑23269-0
  • Ravenhill, J. (2017). Global political economy (5th ed.). Oxford University Press. ISBN: 978-0-19-107133-1
  • Cohn, T. H., & Hira, A. (2020). Global political economy: Theory and practice. Routledge.

Recommended Resources

 

Acemoglu, D., & Robinson, J. (2012). Why Nations Fail: The Origins of Power, Prosperity, and Poverty.

  • Paul Krugman and Maurice Obstfeld.  2023. International Trade: Theory and Policy. 12th Global Edition. Pearson.
  • Niall Ferguson, The Ascent of Money: Financial History of the World. (2008) Penguin Press.
  • Dani Rodrik. The globalization paradox: democracy and the future of the world economy. New York (2011).
  • Acemoglu, D. & J.A. Robinson (2019) The Narrow Corridor: States, Societies, and the Fate of Liberty. Penguin Press.
  • Economist Magazine, Financial Times, Wall Street Journal, and Ekonomi Gazetesi.

Course Learning Outcomes

  1. GATT and WTO struckture
  2. IMF and World Bank
  3. International political economy
  4. Mercantilism, liberal and socialist economic policies
  5. Free Trade Zone and Customs Union

Core Area Distribution

(22) Humanities%100

Teaching Methods

ExpressionQuestion-AnswerPresentation

Assessment & Evaluation

HomeworkPerformance Assignment ( Lab / Workshop / Field Work / Seminar / Presentation / Completion Study / ThesisTesting (Essay / Tests: True-Falls, multiple-choice, short answer, matching)

ECTS / Workload

ActivityQuantityDuration (h)Total Workload
Course Duration (Including Exam Week)16348
Out of Class Study Period16464
Midterm122
Quiz212
Assignment248
Practice000
Final122

Course Schedule

WeekSubjectPreparation
1IntroductionIntroduction
2International Political EconomyChapter 1
3The World Trade Organization and the Word Trade SystemChapter 2
4The Political Economy of InternationalTrade CooperationChapter 3
5A Society-Centered Approach to Trade PoliticsChapter 4
6Quiz 1Study
7ReviewReview
8Midterm ExamMidterm Exam
9Scoring the Trump Economy Plan: Trade, Regulatiory, Energy Policy ImpactsScoring the Trump Economy Plan: Trade, Regulatiory, Energy Policy Impacts
10A State-Centered Approach to Trade PoliticsChapter 5
11Trade and Development I: Import Substitution IndustrializaitonChapter 6
12Trade and Development II: Economic ReformChapter 7
13Article: Prebisch-SingerReading the related article
14Quiz 2preparation for the quiz
15ReviewReview
16Final ExamFinal Exam