Course Information
SemesterCourse Unit CodeCourse Unit TitleT+P+LCreditNumber of ECTS CreditsLast Updated Date
3VFT247Politicial Economy of Asia and America I3+0+03610.10.2024

 
Course Details
Language of Instruction Turkish
Level of Course Unit Associate Degree
Department / Program Foreign Trade (English)
Type of Program Formal Education
Type of Course Unit Compulsory
Course Delivery Method Face To Face
Objectives of the Course This course has two primary objectives:
1. To equip students to understand basic concepts and frameworks of political economy.
2. Explore the historical and contemporary trade relations between Asia and America.
Course Content Introduction to political economy – key concepts and theories.
Origins of global economic institutions – Bretton Woods, IMF, World Bank.
Bretton Woods system – structure, role, and collapse.
IMF – objectives, functions, and crisis interventions.
World Bank – development goals and structural adjustment programs.
WTO – global trade governance and dispute resolution.
Impact of IMF and World Bank on Asia-America trade.


Reforming international financial institutions – transparency and representation.
Course Methods and Techniques Lecture, in-class discussions with the lecturer’s moderation.
Prerequisites and co-requisities None
Course Coordinator None
Name of Lecturers Instructor Sibel Karabel sibel.karabel@gedik.edu.tr
Assistants None
Work Placement(s) No

Recommended or Required Reading
Resources The Governance of Financialization in Latin America and in East Asia, Max Nagel
The financial statecraft of Emerging Powers, Leslie Elliott Armijo, Saori N. Katada (eds.)
Course Notes Introduction to political economy – key concepts and theories.
Origins of global economic institutions – Bretton Woods, IMF, World Bank.
Bretton Woods system – structure, role, and collapse.
IMF – objectives, functions, and crisis interventions.
World Bank – development goals and structural adjustment programs.
WTO – global trade governance and dispute resolution.
Impact of IMF and World Bank on Asia-America trade.


Reforming international financial institutions – transparency and representation.
Documents John Baylis, Steve Smith and Patricia Owens (2017). The Globalization of World Politics: An Introduction to International Relations. 7th edition. Oxford: Oxford University Press. Richard Devetak, Jim George and Sarah Percy (2017). An Introduction to International Relations, 3 rd Edition. Cambridge: Cambridge University Press. Jeffry A. Frieden, David A. Lake and J. Lawrence Broz (2017) International Political Economy, New York: V.W. Norton& Company Robert D. Blackwill and Jennifer M. Harris (20

Course Category
Social Sciences %30
Field %70

Planned Learning Activities and Teaching Methods
Activities are given in detail in the section of "Assessment Methods and Criteria" and "Workload Calculation"

Assessment Methods and Criteria
In-Term Studies Quantity Percentage
Mid-terms 1 % 40
Attendance 1 % 20
Final examination 1 % 40
Total
3
% 100

 
ECTS Allocated Based on Student Workload
Activities Quantity Duration Total Work Load
Course Duration 14 3 42
Hours for off-the-c.r.stud 14 5 70
Mid-terms 1 15 15
Final examination 1 25 25
Total Work Load   Number of ECTS Credits 6 152

 
Course Learning Outcomes: Upon the successful completion of this course, students will be able to:
NoLearning Outcomes
1 Understand basic concepts and frameworks of political economy.
2 Analyze the geoeconomic shifts and their impacts on Asia and America.
3 Explore the historical and contemporary trade relations between Asia and America.
4 Explore the historical and contemporary relevance of institutions like the IMF, World Bank, and Bretton Woods in Asia and America.
5 Analyze the role of international financial institutions in shaping global trade and development.

 
Weekly Detailed Course Contents
WeekTopicsStudy MaterialsMaterials
1 Introduction to the discipline of Political Economy: Main concepts and terminology General preparation
2 Introduction to Political Economy: Definitions and scope of political economy The relationship between politics and economics Required readings Required readings: (Blackwill& Harris: 19-32)
3 History of Political Economy to 1945 Required Readings (Frieden, Lake& Broz: 113-116)
4 Bretton Woods System required readings Required readings:(Baylis: 444-447)
5 Foundational Institutions of Global Trade and Finance: IMF Required readings Required readings:(Baylis: 444-447)
6 Foundational Institutions of Global Trade and Finance: World Bank Required readings Required readings:( Devetak & George & Percy: 800-806)
7 Mid-Term Review & Discussion: Recap of key concepts Overview of Readings
8 Mid-term Examination
9 Foundational Institutions of Global Trade and Finance: World Trade Organization Required readings Required readings: (Devetak & George & Percy: 806-810)
10 Current Challenges for International Institutions: Reforming the IMF, World Bank, and WTO Criticisms of international financial institutions: Transparency, accountability, and representation Proposals for reform: IMF quota system, World Bank development strategies, and WTO dispute resolution Emerging economies' push for reform: China and India’s role in reshaping global governance Required readings Required readings: (Devetak & George & Percy: 808-813)
11 China’s Economic Rise: Implications for Global Supply Chains Readings Recommended Documentary: China: A New World Order (BBC, 2019)
12 China’s Economic Rise: Implications for Global Governance Readings Required readings: (Blackwill& Harris: 129-150)
13 Critical Economic advances in Asian Economies
14 Washington vs beijing Consensus: Alternative institutions Asian Infrastructure Investmen Bank (AIIB), New Development Bank readings Recommended Documentary: (China vs USA: Empires at War (2018)
15 Final recap of semester content Open forum for questions and clarification
16 Final Examination

 
Contribution of Learning Outcomes to Programme Outcomes
P1 P2 P3 P4 P5 P6 P7 P8 P9 P10 P11 P12
All 4 3 5 4 3 5 4 3 3 4 4 3
C1 4 4 3 3 4 3 3 3 3 4 5 4
C2 4 4 2 4 3 3 3 3 4 3 4 3
C3 3 2 2 4 4 4 4 4 3 3 4 3
C4 3 5 3 4 3 3 5 4 4 4 3 4
C5 3 4 3 4 4 3 4 4 4 4 4 4

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  https://obs.gedik.edu.tr/oibs/bologna/progCourseDetails.aspx?curCourse=237830&curProgID=5636&lang=en