POLITICAL SCIENCE AND INTERNATIONAL RELATIONS
Bachelor TR-NQF-HE: Level 6 QF-EHEA: First Cycle EQF-LLL: Level 6

Course Introduction and Application Information

Course Code Course Name Semester Theoretical Practical Credit ECTS
POL4401 International Political Economy Fall 3 0 3 8
The course opens with the approval of the Department at the beginning of each semester

Basic information

Language of instruction: En
Type of course: Must Course
Course Level: Bachelor
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
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.

Learning Outputs

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.

Course Content

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.

Weekly Detailed Course Contents

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

Sources

Course Notes: 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.

Evaluation System

Semester Requirements Number of Activities Level of Contribution
Attendance 0 % 0
Laboratory % 0
Application % 0
Field Work % 0
Special Course Internship (Work Placement) % 0
Quizzes 4 % 15
Homework Assignments 1 % 15
Presentation % 0
Project % 0
Seminar % 0
Midterms 1 % 25
Preliminary Jury % 0
Final 1 % 45
Paper Submission % 0
Jury % 0
Bütünleme % 0
Total % 100
PERCENTAGE OF SEMESTER WORK % 55
PERCENTAGE OF FINAL WORK % 45
Total % 100

ECTS / Workload Table

Activities Number of Activities Workload
Course Hours 13 39
Laboratory
Application
Special Course Internship (Work Placement)
Field Work
Study Hours Out of Class 13 153
Presentations / Seminar
Project
Homework Assignments 1 3
Quizzes 4 2
Preliminary Jury
Midterms 1 1.5
Paper Submission
Jury
Final 1 1.5
Total Workload 200

Contribution of Learning Outcomes to Programme Outcomes

No Effect 1 Lowest 2 Low 3 Average 4 High 5 Highest
           
Program Outcomes Level of Contribution
1) Grasp basic theoretical and conceptual knowledge about the field and relations between them at the level of practice. 5
2) Possess basic knowledge about the causes and effects of political transformations in societies. 5
3) Possess knowledge about quantitative, qualitative and mixed research methods in social and behavioral sciences.
4) Recognize historical patterns while evaluating contemporary political and social developments. 5
5) Demonstrate interdisciplinary and critical approach while analyzing, synthesizing and forecasting domestic and foreign policy. 5
6) Conduct studies in the field professionally, both independently or as a team member. 3
7) Possess consciousness about lifelong learning based on Research & Development. 3
8) Communicate with peers both orally and in writing, by using a foreign language at least at a level of European Language Portfolio B1 General Level and the necessary informatics and communication technologies. 5
9) Apply field-related knowledge and competences into career advancement, projects for sustainable development goals, and social responsibility initiatives. 4
10) Possess the habit to monitor domestic and foreign policy agenda as well as international developments. 5
11) Possess competence to interpret the new political actors, theories and concepts in a global era. 5
12) Evaluate the legal and ethical implications of advanced technologies on politics. 3