Checking date: 23/05/2025 15:11:52


Course: 2025/2026

International political economy
(16626)
Bachelor in International Studies (Plan: 504 - Estudio: 305)


Coordinating teacher: OZEL SERBETÇI, ISIK

Department assigned to the subject: Social Sciences Department

Type: Compulsory
ECTS Credits: 6.0 ECTS

Course:
Semester:

Branch of knowledge: Social Sciences and Law



Requirements (Subjects that are assumed to be known)
none
Objectives
- Acquiring basic theoretical and applied knowledge in the field of international political economy. - Comprehension of the landscape of economic and political actors as well as institutions, that shapes the global economy- - Understanding the determinants of actors¿ behavior from a theoretical perspective to analyze their impact on shaping international economic transactions. - Applied knowledge to evaluate how institutional changes alter the behavior of economic agents along with economic outcomes. Analytic comprehension about how the changing institutional matrixes shape the behavior of economic agents in different ways in different political economies as well as in the global economy at large. - Acquiring theoretical knowledge on cross-border transactions and their consequences at international and domestic politics. Analyzing ongoing tensions and backlashes with respect to the nature and impact of such transactions, which give rise to populisms in different national settings. - Analysis of the processes where market dynamics and politics interact and shape the rules of the game in international economic transactions. - Acquiring knowledge about economic development strategies linked to the opportunities and boundaries of global economy, international institutions and countries with economic and political clout. - Applied knowledge to understand the factors that have given rise to the phenomenon of market integration at regional and global levels.
Learning Outcomes
K1: Acquire the knowledge, techniques and terminology specific to the field of economics, politics and international relations. K3: To know basic humanistic contents, oral and written expression, following ethical principles and completing a multidisciplinary training profile. K4: Acquire knowledge of the economic, legal, political and social reality from a comparative perspective. K6: To understand the structure of markets and the impact of public intervention on them. K9: To know the relevant political and sociological theories to understand the structure and functioning of the main socio-political systems. S3: Plan and organize team work making the right decisions based on available information and gathering data in digital environments. S5: Apply knowledge to identify with rigor, precision and scientific objectivity the social processes and possible solutions. S10: Ability to gather and interpret relevant data and knowledge for the elaboration and defense of arguments on topics in their area of study. C3: Ability to establish good interpersonal communication and to work in multidisciplinary and international teams. C4: Be able to engage in lifelong autonomous learning, enabling them to adapt to new situations.
Description of contents: programme
This course aims to introduce students to major theoretical and empirical issues in the field of international political economy (IPE). It focuses on several issue areas in IPE such as international trade, development and international production networks (multinational corporations). The course will be constituted of three parts. Part I briefly covers major theoretical perspectives in IPE and their application on empirical issues. It provides a brief historical background for the emergence of increasing integration and institutionalized interdependence across nations, surveying the institutional set-up of international monetary relations. It, then, goes over the politics of international trade, discussing the varying roles of the interest groups and distributional issues, along with those of international and regional organizations, shaping trade policies and politics around those. It discusses the nature and the roots of current trade disputes and 'trade wars' along with the challenges of the multilateral trade system. Part II is on the North-South divide and economic development. It discusses the major development strategies adopted by developing countries since the 1950s, with varying levels of success. It briefly explores the phenomenon of emerging countries in the international economy, with a particular focus on China. It studies different forms of state-market relations and liberalization, reflecting on 'the Washington Consensus,' 'post-Washington consensus' and 'the Beijing Consensus.' Finally, it lays out the ongoing challenges faced and posed by the major developing countries in the context of fierce competition in global markets. Part III focuses on the process of economic integration and its diverse consequences. It discusses the backlashes of globalization and the ongoing debate on 'de-globalization¡. It particularly examines the globalized production networks, addressing the expansion of multinational corporations along with controversies about them. Reflecting on the ongoing challenges of globalization exemplified by the re-emergence of populist responses and 'Trump-ism,' it discusses the actual and probable impact of policies, individuals and collective actors with substantially sceptical positions toward global integration, entailing significant ramifications on its sustainability.
Learning activities and methodology
Learning Activities o Lectures o Sections/ practical classes o Classes which combine theory and practice o Office hours o Team work/ assignments Teaching Methodology This course consists of lectures and a number of activities which will be carried out by the students. In general, classes are designed in a manner to promote active participation and critical thinking of students. Therefore, it is essential that students come to class prepared to discuss the issues assigned for that particular session in light of the designated readings. Reduced groups/Seminars include a number of exercises carried out as a team and/or individually. Those exercises include group assignments, presentations, discussions and debates, role-play activities in designated sessions. It is highly recommended that students keep up-to-date about ongoing developments and news about the global economy in order to facilitate informed discussions in classes-especially in reduced groups/ seminars. Office hours Office hours which will be held on a weekly basis will be announced at the beginning of the semester. Additionally, students can consult with the professor about their specific questions via email.
Assessment System
  • % end-of-term-examination/test 40
  • % of continuous assessment (assigments, laboratory, practicals...) 60

Calendar of Continuous assessment


Extraordinary call: regulations
Basic Bibliography
  • Cohn, Theodore H and Hira, Anil. Global political economy. Routledge. 2020
  • Frieden, J. . Global Capitalism, Its Fall and Rise in the Twentieth Century. W.W. Norton & Company. 2020
  • Lechner, F. J. and J. Boli . The Globalization Reader. Blackwell Publishing.. 2008
  • Oatley, T. . International Political Economy. Routledge. 2023
Recursos electrónicosElectronic Resources *
Additional Bibliography
  • Ravenhill, John. Global Political Economy. Oxford. 2020
  • Rodrik, Dani. The Globalization Paradox: Democracy and the Future of the World Economy. W.W. Norton & Company. 2012
  • Rodrik, Dani. One Economics, Many Recipes: Globalization, Institutions, and Economic Growth. Princeton University Press. 2008
Recursos electrónicosElectronic Resources *
(*) Access to some electronic resources may be restricted to members of the university community and require validation through Campus Global. If you try to connect from outside of the University you will need to set up a VPN


The course syllabus may change due academic events or other reasons.