Checking date: 04/07/2021


Course: 2021/2022

International political economy
(16626)
Study: Dual Bachelor in International Studies and Economics (328)


Coordinating teacher: OZEL , ISIK

Department assigned to the subject: Department of Social Sciences

Type: Compulsory
ECTS Credits: 6.0 ECTS

Course:
Semester:




Objectives
BASIC AND GENERAL SKILLS CG1 ¿ Understand the economic, legal, political and social reality from a comparative perspective. CG5 ¿ Ability to debate and formulate critical reasoning, using precise terminology and specialized resources, on international and global phenomena, using both the concepts and knowledge of the different disciplines and the analysis methodologies, paradigms and concepts of the Social Sciences . CB1 ¿ Ability to demonstrate knowledge in an area of study that starts from the base of general secondary education, and is usually found at a level that, although supported by advanced textbooks, also includes some aspects They involve knowledge coming from the cutting edge of the respective field of study. CB2 ¿ Ability to apply their knowledge to their work or vocation in a professional way and possess the competencies that are usually demonstrated through the elaboration and defense of arguments and the resolution of problems within their area of study CB3 - Ability to gather and interpret relevant data (usually within their study area) to make judgments that include a reflection on relevant social, scientific or ethical issues. CB4 ¿ Capacity to transmit information, ideas, problems and solutions to both specialized and non-specialized audiences. CB5 ¿ Capacity to develop those learning skills necessary to undertake further studies with a high degree of autonomy TRANSVERSAL SKILLS CT1 - Ability to communicate knowledge orally and in writing, before both specialized and non-specialized audiences. CT2 - Ability to establish good interpersonal communication and to work in multidisciplinary and international teams. CT3 - Ability to organize and plan their work, making the right decisions based on the information available, gathering and interpreting relevant data to make judgments within their area of study. CT4 - Motivation and ability to dedicate themselves to an autonomous learning for life, which allows them to adapt to new situations. SPECIFIC SKILLS CE1 ¿ Knowledge regarding the main political and sociological theories. Know how to analyze and compare the structure and operation of the main socio-political systems. CE2 ¿Understanding the processes of political, social, economic and cultural change in contemporary society and politics. CE8 ¿ Understanding as to the structure of the markets and the impact of public intervention on them CE9 - Understanding the relevance of technological progress in economic and social development. CE12 - Know how to raise and solve basic problems of economic, social, political content and in the international context. CE13 - Know the principles of cost-benefit analysis and its application to basic problems LEARNING OUTCOMES RA1. To have acquired advanced knowledge and demonstrated an understanding of the theoretical and practical aspects and of the working methodology in the field of International Studies with a depth that reaches the forefront of knowledge. RA3. Have the ability to collect and interpret data and information on which to base their conclusions, including, when necessary and pertinent, reflection on matters of a social, scientific or ethical nature in the field of International Studies. RA6. Being able to identify their own training needs in their field of study and work or professional environment and to organize their own learning with a high degree of autonomy in all kinds of contexts (structured or not). · Applied knowledge regard´ng economic agents and actors, determinants of their behavior and how they interact with each other. · Applied knowledge to evaluate how changes in the institutional framework alter the behavior of economic agents and the economic results obtained. · Applied knowledge to be able to make ceteris paribus forecasts about the impact of interventions on economic results; calibrate unwanted effects and understand the logic between instruments, targets and magnitudes; and its codetermination of economic policy. · Knowledge applied to understand the functioning of the economy from its national dimension: the framework institutions such as the productive, fiscal and monetary systems; the definition and application of property rights; and access to information. Know how to assess how these elements determine market equilibria and the impact of economic policies. · Applied knowledge that helps to understand how economic actors and agents of different nations interact with each other. The cause, the effect and the policies related to the movement of people, goods, capital and ideas. Understanding of shock transmission mechanisms in an integrated economy characterized by high interdependence. · Applied knowledge to understand the origin, evolution and current configuration of the institutions that govern the world economy today. Know how and why they were created and how they contribute to sustaining and making the current institutional system work. · Applied knowledge about the inter-relationship between markets and politics, how politics regulates the economy and how the economy conditions political decision-making. · Applied knowledge that helps to understand the role of the State in globalization: the autonomy of the State, its ability to establish taxation, the welfare state and the support of social coalitions. · Applied knowledge that allows understanding the political bases of economic development, with special reference to the colonial heritage, the effect of development aid and corruption. · Applied knowledge to understand the factors that have given rise to the phenomenon of globalization. Understand the political and economic bases of globalization, as well as its effects on contemporary society and politics.
Skills and learning outcomes
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. Discussing the nature of current trade disputes/ ¿trade wars¿, it surveys major multilateral and preferential trade agreements; and the international trade regime supervised by the World Trade Organization (WTO). It goes through broad contestations of the current trade regime in the context of prevalent political tensions. 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 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, provoking debates about the possibility of "de-globalization".
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 they come to class prepared to discuss the readings assigned for that particular session. There will be group activities, presentations, class and small group discussions in designated sessions. It is highly recommended to keep up-to-date about ongoing events in global economy and contemporary debates. Checking web-sources along with the respective sections of the major journals and newspapers will help students go over IPE-related news, debates and commentaries. 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 50
  • % of continuous assessment (assigments, laboratory, practicals...) 50
Calendar of Continuous assessment
Basic Bibliography
  • Frieden, J. . Global Capitalism, Its Fall and Rise in the Twentieth Century. Norton. 2007
  • Lechner, F. J. and J. Boli . The Globalization Reader. Blackwell Publishing.. 2008
  • McCann, D. . The Political Economy of the European Union. Cambridge: Polity Press.. 2010
  • Oatley, T. . International Political Economy, Interests and Institutions in the Global Economy. Pearson Longman. 2014
Recursos electrónicosElectronic Resources *
Additional Bibliography
  • Odell, John (ed.). Negotiating Trade, Developing Countries and the Trade Negotiation Process. Cambridge University Press. 2006
  • 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
(*) 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 and the academic weekly planning may change due academic events or other reasons.