IREU 230 | Course Introduction and Application Information - Department of New Media and Communication

Course Name

International Political Economy

Code	Semester	Theory (hour/week)	Application/Lab (hour/week)	Local Credits	ECTS
IREU 230	Fall/Spring	3	0	3	5

Prerequisites	None
Course Language	English
Course Type	Service Course
Course Level	First Cycle
Mode of Delivery	-
Teaching Methods and Techniques of the Course	-
National Occupation Classification	-
Course Coordinator	-
Course Lecturer(s)	Öğr. Gör. Itır BAĞDADİ
Assistant(s)	-

Course Objectives	This course provides an introduction to International Political Economy (IPE); the basic theories surrounding this interdisciplinary field and issues such as globalization and its surrounding issues and conflicts. Students will be introduced to the topics of international money and finance, trade and transnational corporations (TNCs), the issues of economic development and NorthSouth relations.
Learning Outcomes	The students who succeeded in this course; Identify tensions that exist between states and markets Compare and contrast the three main theories of IPE along with other critical approaches Compare free trade with protectionism Critique the current international system and its effects on developing states Identify how international finance affects states and other actors Analyze the balance of payments of states and how different investments, currency changes and privatization may affect the current and capital accounts Identify the different models of economic development employed by developing states
Course Description	This course provides an introduction to International Political Economy (IPE); the basic theories surrounding this interdisciplinary field and issues such as globalization and its surrounding issues and conflicts. Students will be introduced to the topics of international money and finance, trade and transnational corporations (TNCs), the issues of economic development and NorthSouth relations.
Related Sustainable Development Goals

Course Category	Core Courses
	Major Area Courses
	Supportive Courses
	Media and Management Skills Courses
	Transferable Skill Courses

Week	Subjects	Related Preparation
1	Introduction to the Course
2	What is International Political Economy?	Required Reading: Balaam and Dillman, Chapter 1 Suggested Readings: Thomas Friedman, The Lexus and the Olive Tree Robert Gilpin, The Political Economy of International Relations, Chapter 1 (in course pack) Susan Strange, States and Markets: An Introduction to International Political Economy Pietra Rivoli, The Travels of a TShirt in the Global Economy: An Economist Examines Markets, Power and Politics of World Trade Homework 1 (due week 3): Imagine that you have just been hired as a reporter to write a report summarizing the latest World Economic Forum in Davos. Write a onepage summary of the issues that were addressed at Davos and the international political economic problems that world leaders discussed.(A total of 1 page maximum).
3	Mercantilism and Economic Nationalism	Required Reading: Balaam and Dillman, Chapter 3 Suggested Readings: Jacob Viner, “Power versus Plenty as Objectives of Foreign Policy in the Seventeenth and Eighteenth Centuries,” World Politics 1 (October 1948), pp. 129 (in course pack) Eric Helleiner, “Economic Nationalism as a Challenge to Economic Liberalism? Lessons From the 19th Century,” International Studies Quarterly (2002), 46, pp. 307329 (in course pack) Robert Reich, The Work of Nations Alexander Hamilton, “Report on Manufactures” (in course pack) Friedrich List, “The National System of Political Economy” (in course pack)
4	The Liberal IPE Perspective	Required Readings: Balaam and Dillman, Chapter 2 Benjamin Barber, Jihad vs. McWorld (in course pack) Samuel P. Huntington, “The Clash of Civilizations” (in course pack) Russell D. Robert, The Choice Suggested Readings: Thomas Friedman, The Lexus and the Olive Tree Friedrich A. Hayek, The Road to Serfdom Adam Smith, The Invisible Hand, Penguin Books Joseph Stiglitz, Globalization and Its Discontents Joseph Stiglitz, Making Globalization Work Daniel Yergin and Joseph Stanislaw, The Commanding Heights Robert L. Heilbroner, “The Wonderful World of Adam Smith” (in course pack) Robert L. Heilbroner, “The Gloomy Presentiments of Parson Malthus and David Ricardo” (in course pack) Robert L. Heilbroner, “The Heresies of John Maynard Keynes” (in course pack)
5	Marxism / Structuralism	Required Readings: Balaam and Dillman, Chapter 4 Karl Marx and Friedrich Engels, The Communist Manifesto (in course pack) Suggested Readings: Benjamin Barber, Jihad vs. McWorld V.I. Lenin, Imperialism: The Highest Stage of Capitalism (in course pack) Karl Marx, Capital Georg Lukacs – Class Consciousness George Orwell, Animal Farm Robert L. Heilbroner, “The Inexorable System of Karl Marx” (in course pack) Antonio Gramsci, Selections from the Prison Notebooks Immanuel Wallerstein, “The Rise and Future Demise of the World Capitalist System: Concepts for Comparative Analysis”, Comparative Studies in Society and History, September 1974 (in course pack)
6	Critical Perspectives on IPE and the Environment	Required Readings: Balaam and Dillman, Chapter 5 Balaam and Dillman, Chapter 20 Gillian Youngs, “Feminist International Relations: A Contradiction in Terms? Or: Why Women and Gender are Essential to Understanding the World We Live in” (in course pack) E. F. Schumacher, “Buddhist Economics” (in course pack) Thomas HomerDixon, “On the Threshold: Environmental Changes as Causes of Acute Conflict,” International Security 16 (Fall 1991), pp. 76116 Suggested Readings: Amartya Sen, Development as Freedom Mancur Olson, The Logic of Collective Action E.F. Schumacher, Small is Beautiful: Economics as if People Mattered J. Ann Tickner, “Gendering World Politics” Kevin Danaher et al., Building the Green Economy: Success Stories from the Grassroots Cynthia Enloe, Bananas, Beaches and Bases Barbara Ehrenreich and Arlie Russell Hochschild, Global Woman: Nannies, Maids, and Sex Workers in the New Economy Alexander Wendt, “Anarchy is What States Make of It: The Social Construction of Power Politics,” International Organization, 46 (Spring 1992), pp. 391425 (in course pack) Gita Sen, “Gender, Markets and States: A Selective Review and Research Agenda”, World Development, 24, no. 5 (1996) Thomas L. Friedman, Hot, Flat and Crowded: Why We Need a Green Revolution and How it Can Renew America Al Gore, Our Choice Homework 2 (due week 8 after the Midterm Examination): Choose 3 theories we have learned and apply them to a critical analysis of 1 of the movies to be determined in class
7	Midterm Examination
8	International Trade	Required Readings: Balaam and Dillman, Chapter 6 Ralph Nader, “Introduction: Free Trade and the Introduction of Democracy” (in course pack) Gary Hufbauer, “World Trade After Seattle” (in course pack) Suggested Readings: Ralph Nader et al, The Case Against Free Trade Joseph Stiglitz, Making Globalization Work
9	Film Screening	“The Commanding Heights” documentary
10	International Finance I	Required Readings: Balaam and Dillman, Chapter 7 Barry Eichengreen, Chapter 4: The Bretton Woods System, pp. 93135 (in course pack) Suggested Readings: Joseph Stiglitz, Globalization and Its Discontents Kevin Danaher, 50 Years is Enough Benjamin Cohen, The Geography of Money Barry Eichengreen, Globalizing Capital: A History of the International Monetary System Homework 3 (due week 11): Using the chart handed out in class, choose 5 currencies to invest in for 1 week (starting today)
11	International Finance II	Required Readings: Balaam and Dillman, Chapter 8 Paul Krugman, “Dutch Tulips and Emerging Markets” (in Course Pack) Susan George, “The Debt Boomerang” (in Course Pack) Susan George, “How Much is $1 Trillion?” (in Course Pack) Dani Rodrik, “Goodbye Washington Consensus, Hello Washington Confusion?” Journal of Economic Literature, XLIV (December 2006), pp. 973987 (in course pack) Robert Wade, “The FirstWorld Debt Crisis of 20072010 in Global Perspective”, Challenge, JulyAugust 2008, pp. 2354 Suggested Readings: Charles Kindleberger, Manias, Panics and Crashes Joseph Stiglitz, Globalization and Its Discontents Peter L. Bernstein, Against the Gods Kevin Danaher, 50 Years is Enough Susan George and Fabrizio Sabelli, Faith and Credit: The World Bank’s Secular Empire M. A. Thomas, “Getting Debt Relief Right” (in Course Pack) Jeffrey Sachs, The End of Poverty: Economic Possibilities of Our Time
12	Economic Development	Required Readings: Balaam and Dillman, Chapter 11 Ali H. Bayar, “The Developmental State and Economic Policy in Turkey”, Third World Quarterly, Vol. 17, No. 4, pp. 773785, 1996 (in Course Pack) Joseph Wong, “The Adaptive Developmental State in East Asia”, Journal of East Asia Studies 4 (2004), 345362 (in Course Pack) Paul Krugman, “The Myth of Asia’s Miracle,” Foreign Affairs 73.6 Nov/Dec 1994 (in Course Pack) Suggested Readings: Walt Whitman Rostow, The Stages of Economic Growth: A NonCommunist Manifesto, Cambridge University Pres, 1971 Immanuel Wallerstein, “The Rise and Future Demise of the World Capitalist System: Concepts for Comparative Analysis,” Comparative Studies in Society and History, Volume 16, Issue 4 (Sep. 1974), pp. 387415 (in Course Pack) Christobal Kay, “Why East Asia Overtook Latin America: Agrarian Reform, Industrialization and Development,” Third World Quarterly, Vol. 23, No 6, pp. 10731102, 2002 (in Course Pack) Muhammad Yunus, Banker to the Poor: MicroLending and the Battle Against World Poverty Hernando de Soto, The Mystery of Capital: Why Capitalism Triumphs in the West and Fails Everywhere Else Tina Rosenberg, “That Taint of the Greased Palm”, New York Times Magazine (in course pack) HaJoon Chang, Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism
13	Transnational Corporations	Required Readings: Balaam and Dillman, Chapter 17 Robert Gilpin, “Chapter Six: Multinational Corporations and International Production,” in The Political Economy of International Relations, pp. 231260 (in Course Pack) Suggested Readings: Andre Gundar Frank, Capitalism and Underdevelopment in Latin America, Penguin Books, 1971 Peter Evans, Dependent Development: The Alliance of Multinational, State and Local Capital in Brazil, Princeton University Pres, 1979 Robert Gilpin, The Challenge of Global Capitalism: The World Economy in the 21st Century David C. Korten, When Corporations Rule the World Raymond Vernon, In the Hurricane’s Eye: The Troubled Prospects of Multinational Enterprises Homework 4 (due week 14): Make a list of all of the products that you use in a single day and the corporations that produce them and their home countries.
14	Presentations and review
15	Review of the Semester
16	Review of the Semester

Course Notes/Textbooks

Balaam, David N., and Bradford Dillman. Introduction to International Political Economy, 5th Edition. Upper Saddle River, New Jersey: Prentice Hall, 2011. Marx, Karl and Friedrich Engels. The Communist Manifesto, Penguin Classics, 1967 (various Turkish versions of this book are available at your local bookstores under the name of “Komünist Parti Manifestosu”) Roberts, Russell D. The Choice: A Fable of Free Trade and Protectionism, Prentice Hall, 1994. (copies of this book will be available in photocopy format at Trio Bookstore or alternatively you can read the Turkish version Tercih) Course Pack – additional reading materials for the class (will be made available at several different photocopiers/bookstores around the University and on my homepage listed above) Most of the assigned readings can be found on my homepage at: http://homes.ieu.edu.tr/~ibagdadi/INT230

Suggested Readings/Materials

ACADEMIC HONESTY: Honesty and trust are the most fundamental pillars of learning and are necessary foundation for success and academic freedom in a university. Hence, any behavior that jeopardizes the learning environment by violating the rules of academic honesty will not be tolerated or condoned. Violations of academic honesty include but are not limited to: *Cheating or facilitating cheating *looking or attempting to look at another student's answers or allowing others to copy one's answers *copying other student’s in-class or take-home exam answers or letting others use take-home exam answers *using "cheat sheet", pre-programmed calculator if not allowed by the instructor *having someone else prepare the term project or homework or letting others use one’s homework/term project/paper *Assistance of another person in preparation of a term paper/homework/project if not allowed by the instructor *Taking an exam for another student *Purchasing term projects or homework or other assignments *Signing in place of another student using their name/signature/student id number *Plagiarism *Showing the work of another as one's own *Not properly citing an earlier own work *Submitting the same homework/paper/term project in one more one course if not allowed by the instructor *Inaccurately or inadequately citing sources including those from the Internet. Violations of academic honesty can result in disciplinary action, as stated in the "Student Disciplinary Rules and Regulation" of the University. http://www.ieu.edu.tr/en/bylaws/type/read/id/13 and http://kariyer.ieu.edu.tr/en/bylaws/type/read/id/81\ By enrolling in the University, each student is assumed to have read the rules and regulations regarding academic dishonesty, and lack of knowledge of this policy is not an acceptable defense.

Semester Activities	Number	Weigthing
Participation	1	10
Laboratory / Application
Field Work
Quizzes / Studio Critiques
Portfolio
Homework / Assignments	1	10
Presentation / Jury	1	20
Project
Seminar / Workshop
Oral Exams
Midterm	1	30
Final Exam	1	30
Total

Weighting of Semester Activities on the Final Grade	4	70
Weighting of End-of-Semester Activities on the Final Grade	1	30
Total

Semester Activities	Number	Duration (Hours)	Workload
Theoretical Course Hours (Including exam week: 16 x total hours)	16	3	48
Laboratory / Application Hours (Including exam week: '.16.' x total hours)	16		0
Study Hours Out of Class	14	2	28
Field Work			0
Quizzes / Studio Critiques			0
Portfolio			0
Homework / Assignments	1	15	15
Presentation / Jury	1	5	5
Project			0
Seminar / Workshop			0
Oral Exam			0
Midterms	1	20	20
Final Exam	1	20	20
		Total	136

#	Program Competencies/Outcomes	* Contribution Level
#	Program Competencies/Outcomes	1	2	3	4	5
1	To be able to critically discuss and interpret the theories, concepts and ideas that form the basis of the discipline of new media and communication.	-	-	-	-	-
2	To be able to critically interpret theoretical debates concerning the relations between the forms, agents, and factors that play a role in the field of new media and communication.	-	-	-	-	-
3	To have the fundamental knowledge and ability to use the technical equipment and software programs required by the new media production processes.	-	-	-	-	-
4	To be able to gather, scrutinize and scientifically investigate data in the processes of production and distribution.	-	-	-	-	-
5	To be able to use the acquired theoretical knowledge in practice.	-	-	-	-	-
6	To be able to take responsibility both individually and as a member of a group to develop solutions to problems encountered in the field of new media and communication.	-	-	-	-	-
7	To be informed about national, regional, and global issues and problems; to be able to generate problem-solving methods depending on the quality of evidence and research, and to acquire the ability to report the conclusions of those methods to the public.	-	-	-	-	-
8	To be able to critically discuss and draw on theories, concepts and ideas that form the basis of other disciplines complementing the field of new media and communication studies.	-	-	-	-	-
9	To be able to develop and use knowledge and skills towards personal and social goals in a lifelong process.	-	-	-	-	-
10	To be able to apply social, scientific and professional ethical values in the field of new media and communication.	-	-	-	-	-
11	To be able to collect datain the areas of new media and communication and communicate with colleagues in a foreign language ("European Language Portfolio Global Scale", Level B1).	-	-	-	-	-
12	To be able to speak a second foreign language at a medium level of fluency efficiently.	-	-	-	-	-
13	To be able to relate the knowledge accumulated throughout the human history to their field of expertise.	-	-	-	-	-