KAY674 - THEORIES of POLITICAL ECONOMY
| Course Name | Code | Semester | Theory (hours/week) |
Application (hours/week) |
Credit | ECTS |
|---|---|---|---|---|---|---|
| THEORIES of POLITICAL ECONOMY | KAY674 | 2nd Semester | 3 | 0 | 3 | 7 |
| Prequisites | None | |||||
| Course language | Turkish | |||||
| Course type | Elective | |||||
| Mode of Delivery | Face-to-Face | |||||
| Learning and teaching strategies | Lecture Discussion Question and Answer | |||||
| Instructor (s) | Academic Staff | |||||
| Course objective | This course aims to make students to examine the interaction between the fields of politics and economics. | |||||
| Learning outcomes |
| |||||
| Course Content | Ancient Greek and Roman economic thought, Mercantilism, Classisal School of Economics, A. Smith, D. Ricardo, R. Malthus, K. Marx and Economics, Neo-Classical School of Economics, C. Menger and Austrian School of Economics, J. M. Keynes and Economics, Contemporary schools of economics, Chicago School and M. Friedman, Classical Liberalism and F. A. Hayek, Public Choice Theory and J. M. Buchanan, Dependecy theory and I. Wallerstein, Globalization and economic development, Democracy and economic development, Theories of Liberty and Justice. | |||||
| References | Caporaso, James, David P. Levine, Theories of Political Economy, Cambridge University Press, Cambridge, 2002. Ekelund, Robert B. Jr., Robert F. Hébert, A History of Economic Theory and Method, McGraw-Hill Com., New York, 1997. Skousen, Mark. Making Modern Economics, M. E. Sharpe, Armonk, New York, 2001. | |||||
Course outline weekly
| Weeks | Topics |
|---|---|
| Week 1 | Introduction |
| Week 2 | Political Economy in the Classical and Medieval Ages: Plato and Aristotle |
| Week 3 | Political Economy at the Beginning of the Modern Age: Mercantilism and Physiocrats |
| Week 4 | The Birth of Political Economy: Adam Smith writes The Wealth of Nations (1776), I |
| Week 5 | The Birth of Political Economy: Adam Smith writes The Wealth of Nations (1776), II |
| Week 6 | Midterm I |
| Week 7 | Classical Political Economy: David Ricardo, Thomas Malthus |
| Week 8 | Classical Political Economy: Jeremy Bentham, John Stuart Mill |
| Week 9 | A Radical Critique of Classical Political Economy: Karl Marx |
| Week 10 | A Moderate Critique of Classical Political Economy: John Maynard Keynes is laying down the groundwork Social Democracy and Social Justice in the 20th Century |
| Week 11 | Midterm II |
| Week 12 | The Revival of Classical Political Economy: Austrian Economics and Chicago School: Carl Menger, Ludwig von Mises, F. A. Hayek and Milton Friedman |
| Week 13 | Globalization: Supporters and Critiques |
| Week 14 | Democracy and Economic Development: Seymour Martin Lipset, Mancur Olson, Atul Kohli, Charles Lindblom |
| Week 15 | Preparation for the Final Exam |
| Week 16 | Final Exam |
Assesment methods
| Course activities | Number | Percentage |
|---|---|---|
| Attendance | 14 | 10 |
| Laboratory | 0 | 0 |
| Application | 0 | 0 |
| Field activities | 0 | 0 |
| Specific practical training | 0 | 0 |
| Assignments | 0 | 0 |
| Presentation | 0 | 0 |
| Project | 0 | 0 |
| Seminar | 0 | 0 |
| Midterms | 2 | 40 |
| Final exam | 1 | 50 |
| Total | 100 | |
| Percentage of semester activities contributing grade succes | 16 | 50 |
| Percentage of final exam contributing grade succes | 1 | 50 |
| Total | 100 | |
WORKLOAD AND ECTS CALCULATION
| Activities | Number | Duration (hour) | Total Work Load |
|---|---|---|---|
| Course Duration (x14) | 14 | 3 | 42 |
| Laboratory | 0 | 0 | 0 |
| Application | 0 | 0 | 0 |
| Specific practical training | 0 | 0 | 0 |
| Field activities | 0 | 0 | 0 |
| Study Hours Out of Class (Preliminary work, reinforcement, ect) | 12 | 12 | 144 |
| Presentation / Seminar Preparation | 0 | 0 | 0 |
| Project | 0 | 0 | 0 |
| Homework assignment | 0 | 0 | 0 |
| Midterms (Study duration) | 2 | 7 | 14 |
| Final Exam (Study duration) | 1 | 10 | 10 |
| Total Workload | 29 | 32 | 210 |
Matrix Of The Course Learning Outcomes Versus Program Outcomes
| D.9. Key Learning Outcomes | Contrubition level* | ||||
|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | |
| 1. To acquire advanced theoretical and practical knowledge in the field of specialization. To understand the interactions with other disciplines and analyze social structure and dynamics. | X | ||||
| 2. To develop skills for doing and planning research, and analyzing/evaluating data in the field of specialization. To find solutions to the problems faced during the research process. | X | ||||
| 3. To contribute to related literature by conducting a research independently or as a member of a research team. To do leadership and to have a vision. | X | ||||
| 4. To follow the scientific literature in the field of specialization. To evaluate the data by critical thinking and to be committed to lifelong learning. | X | ||||
| 5. To communicate effectively in oral and written base. To master a foreign language and to use computer and information technology effectively in the field of specialization. To share knowledge at scientific platforms with this oral and written communication skill. | X | ||||
| 6. To feel social responsibility. To have a capacity and awareness to contribute to the society. | X | ||||
| 7. To appreciate social, cultural, scientific, and ethical values while conducting studies in the field of specialization. To contribute to the solution of problems faced in this process in the work life. | X | ||||
*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest