| EUROPEAN UNION RELATIONS | |||||
| Bachelor | TR-NQF-HE: Level 6 | QF-EHEA: First Cycle | EQF-LLL: Level 6 | ||
| Course Code | Course Name | Semester | Theoretical | Practical | Credit | ECTS |
| POL4401 | International Political Economy | Fall | 3 | 0 | 3 | 8 |
| This catalog is for information purposes. Course status is determined by the relevant department at the beginning of semester. |
| Language of instruction: | English |
| Type of course: | Departmental Elective |
| Course Level: | Bachelor’s Degree (First Cycle) |
| Mode of Delivery: | Hybrid |
| Course Coordinator : | Assoc. Prof. ESRA ALBAYRAKOĞLU |
| Course Lecturer(s): |
Dr. Öğr. Üyesi MERVE ÖZDEMİRKIRAN Prof. Dr. EBRU ŞULE CANAN SOKULLU Dr. Öğr. Üyesi ARDA CAN KUMBARACIBAŞI Dr. Öğr. Üyesi ZEKERİYA TÜZEN |
| Recommended Optional Program Components: | None |
| Course Objectives: | International Political Economy (IPE) is the study of the interplay of economics and politics in the international arena. Politics and markets are in a constant state of mutual interaction. The basic model of organization in politics is the state and states are looking for power; markets as the basic model of organization in economics are looking for wealth. IPE is a crucial field of International Relations studies, and it explains the interaction between international economic dynamics (international trade, international debt, international financial system, globalization, crisis, etc.) and international politics (international cooperation, international regimes, international political decisions, etc.). This course enables to understand and analyse current issues, bringing together the fundamental approaches in IPE and the economic and political concerns of the globalizing world. |
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The students who have succeeded in this course; The students who have succeeded in this course; 1. Attain competency in IPE theories and methodologies to analyse actors, institutions, structures and functions at local, regional, national, international and global levels; 2. Possess knowledge about the functioning of global trade, government policies and inter-state relations; explain how these processes interact with individuals, societies and environments; 3. Implement inductive analysis to understand the role of institutions and historical conditions on selected systems as well as deductive reasoning to elucidate fundamental principles; 4. Analyse how the dynamics that drive global political economy interact with states and societies; 5. Evaluate the structures and actors that cause or resist change in global relations with their priorities. |
| International economic dynamics (international trade, international debt, international financial system, globalization, crisis, etc.); international political dynamics (international cooperation, international regimes, international political decisions, etc.); main approaches in IPE and contemporary issues that bring together economic and political issues of the globalized world. |
| Week | Subject | Related Preparation |
| 1) | Introduction to the course / Definitions of basic terms and concepts of IPE and key questions of IPE | • David N. Balaam, Bradford Dillman, “What is International Political Economy”, 2019. • Thomas Oatley, “International Political Economy”, 2019. |
| 2) | Perspectives in IPE - I | • David N. Balaam, Bradford Dillman, “Laissez-Faire: The Economic Liberal Perspective”, 2019. |
| 3) | Perspectives in IPE - II | • David N. Balaam, Bradford Dillman, “Wealth and Power: The Mercantilist Perspective”, 2019. |
| 4) | Perspectives in IPE - III & Alternative Perspectives in IPE | • David N. Balaam, Bradford Dillman, “Economic Determinism and Exploitations: The Structuralist Perspective”, 2019. • David N. Balaam, Bradford Dillman, “Alternative Perspectives on International Political Economy”, 2019. |
| 5) | International Trade | • David N. Balaam, Bradford Dillman, “The Production and Trade Structure”, 2019. • Thomas Oatley, “The Political Economy of International Trade Cooperation”, 2019. |
| 6) | International Monetary and Finance Structure | • David N. Balaam, Bradford Dillman, “The International Monetary and Finance Structure”, 2019. • Thomas Oatley, “The International Monetary System”, 2019. |
| 7) | MIDTERM EXAM | |
| 8) | International Regimes | • Stephan D. Krasner, “Structural Causes and Regime Consequences: Regimes as Intervening Variables”, 1982. |
| 9) | Transnational Corporations: The Governance of Foreign Investment | • David N. Balaam, Bradford Dillman, “Transnational Corporations: The Governance of Foreign Investment”, 2019. • Thomas Oatley, “Multinational Corporations in the Global Economy”, 2019. • Thomas Oatley, “The Politics of Multinational Corporations”, 2019. https://topforeignstocks.com/2017/03/17/the-worlds-top-100-non-financial-tncs-ranked-by-foreign-assets-2015/ https://www.statista.com/statistics/263264/top-companies-in-the-world-by-market-value/ https://www.statista.com/statistics/264671/top-20-companies-based-on-number-of-employees/ https://fortune.com/global500/2019/search/?profits=desc |
| 10) | The Middle East: The Quest for Development and Democracy | • David N. Balaam, Bradford Dillman, “The Middle East: The Quest for Development and Democracy”, 2019. https://www.youtube.com/watch?v=FMEw6hTSF0o https://www.youtube.com/watch?v=BpTDDKsdMcY https://www.youtube.com/watch?v=r86yPzQhzLw https://www.youtube.com/watch?v=m19F4IHTVGc |
| 11) | Economic Integration: Regional Models | • David N. Balaam, Bradford Dillman, “Toward a More Perfect (European) Union”, 2019. https://www.youtube.com/watch?v=uTzq0DxZgyE |
| 12) | The IPE of Energy Resources and Sustainable Development Goals | • David N. Balaam, Bradford Dillman, “The IPE of Energy Resources: Stuck in Transition”, 2019. • David N. Balaam, Bradford Dillman, “The Environment: Steering Away from Climate Change and Global Disaster”, 2019. • Saket Kushwaha, “Energy and Sustainable Development”, 2021. • Saket Kushwaha, “Issues In Sustainable Development and Their Potential Solutions”, 2021 https://sdgs.un.org/goals |
| 13) | Current Crises in Energy Markets: Effects of COVID-19 and Russian Invasion of Ukraine | • Peng Jiang, Yee Van Fan, Jiri Jaromir Klemes, “Impacts of COVID-19 on energy demand and consumption: Challenges, lessons and emerging opportunities”, 2021. • EIA Forecasts, “Short-Term Energy Outlook”, Release Date: June 9, 2020, available at: https://www.eia.gov/outlooks/steo/ • IEA Reports, “Global Energy Review”, Release Date: April 2020, available at: https://www.iea.org/reports/global-energy-review-2020/oil#abstract https://www.eia.gov/outlooks/steo/ https://www.iea.org/reports/global-energy-review-2020/oil#abstract |
| 14) | WRAP UP AND Q&A |
| Course Notes / Textbooks: | Books: • David N. Balaam, Bradford Dillman, Introduction to International Political Economy, Pearson, 7th Edition, 2019. • Thomas Oatley, International Political Economy, Routledge, 6th Edition, 2019. • Saket Kushwaha, Sustaniable Development: Closing the Loop, e-Edition, Delve Publishing, 2021. Articles: • Stephen D. Krasner, (1982), “Structural Causes and Regime Consequences: Regimes as Intervening Variables”, International Organization, Vol. 36, No. 2, pp. 185-205. • Peng Jiang, Yee Van Fan, Jiri Jaromir Klemes, “Impacts of COVID-19 on energy demand and consumption: Challenges, lessons and emerging opportunities”, Applied Energy, Vol. 285, 2021. The textbooks and article listed on the syllabus are also accessible through the BAU Library. The PPT files will be shared on ItsLearning following each class. |
| References: | Youtube videos and Internet links on related subjects. |
| Semester Requirements | Number of Activities | Level of Contribution |
| Quizzes | 4 | % 15 |
| Homework Assignments | 1 | % 15 |
| Midterms | 1 | % 25 |
| Final | 1 | % 45 |
| Total | % 100 | |
| PERCENTAGE OF SEMESTER WORK | % 55 | |
| PERCENTAGE OF FINAL WORK | % 45 | |
| Total | % 100 | |
| Activities | Number of Activities | Workload |
| Course Hours | 13 | 39 |
| Study Hours Out of Class | 13 | 153 |
| Homework Assignments | 1 | 3 |
| Quizzes | 4 | 2 |
| Midterms | 1 | 1.5 |
| Final | 1 | 1.5 |
| Total Workload | 200 | |
| No Effect | 1 Lowest | 2 Low | 3 Average | 4 High | 5 Highest |
| Program Outcomes | Level of Contribution | |
| 1) | To be able to examine, interpret data and assess ideas with the scientific methods in the area of EU studies. | 4 |
| 2) | To be able to inform authorities and institutions in the area of EU studies, to be able to transfer ideas and proposals supported by quantitative and qualitative data about the problems. | 4 |
| 3) | To be introduced to and to get involved in other disciplines that EU studies are strongly related with (political science, international relations, law, economics, sociology, etc.) and to be able to conduct multi-disciplinary research and analysis on European politics. | 4 |
| 4) | To be able to evaluate current news on European Union and Turkey-EU relations and identify, analyze current issues relating to the EU’s politics and policies. | 4 |
| 5) | To be able to use English in written and oral communication in general and in the field of EU studies in particular. | 4 |
| 6) | To have ethical, social and scientific values throughout the processes of collecting, interpreting, disseminating and implementing data related to EU studies. | 4 |
| 7) | To be able to assess the historical development, functioning of the institutions and decision-making system and common policies of the European Union throughout its economic and political integration in a supranational framework. | 4 |
| 8) | To be able to evaluate the current legal, financial and institutional changes that the EU is going through. | 4 |
| 9) | To explain the dynamics of enlargement processes of the EU by identifying the main actors and institutions involved and compare previous enlargement processes and accession process of Turkey. | 4 |
| 10) | To be able to analyze the influence of the EU on political, social and economic system of Turkey. | 4 |
| 11) | To acquire insight in EU project culture and to build up project preparation skills in line with EU format and develop the ability to work in groups and cooperate with peers. | 4 |
| 12) | To be able to recognize theories and concepts used by the discipline of international relations and relate them to the historical development of the EU as a unique post-War political project. | 4 |