COURSE DESCRIPTION AND APPLICATION INFORMATION

Course Name Code Semester T+A+L (hour/week) Type (C / O) Local Credit ECTS
Market, State and Society in a Global Context PS 521 Fall-Spring 03+00+00 Elective 3 7.5
Academic Unit: Political Science and Public Administration
Mode of Delivery: Face to face
Prerequisites: None
Language of Instruction: English
Level of Course Unit: Graduate
Course Coordinator: berkay.ayhan
Course Lecturer(s): berkay.ayhan
Course Objectives: The aim of this course is to understand the complex relationships between market, state, and society in a global context through reading the foundational work of political economy. Students are going to explore the historical and current relationships between economics and politics, market and the state, wealth and power through a close reading of the classic texts. Debates about the birth of capitalism, the relationship between capitalism and democracy, debates on the characteristics of the state and the market, and varieties of market-state-society relations are key issues to be discussed. The reading journey begins with the selections from the classic works of Adam Smith, Karl Marx, and Max Weber in order to become familiar with classical political economy and its critique. We are going to continue with debates on the birth, history, and key dynamics of capitalism through reading Ellen Meiksins Wood, Karl Polanyi, Joseph Schumpeter, and Giovanni Arrighi. Finally, we are going to focus on neo-liberalism by reading the seminal work of Friedrich von Hayek and lectures of Michel Foucault. Contemporary political economy debates on welfare regimes and varieties of capitalism will be covered by reading Gosta Esping-Andersen, Peter Hall & David Soskice.
Course Contents: Foundational Texts of Political Economy
Learning Outcomes of the Course Unit (LO):
  • 1- Understand and analyze the historical and current relationships between market, state and society at the global level,
  • 2- Understand, define, and explain the concepts and theories of political economy,
  • 3- Understand the interaction of political economy with closely related disciplines such as history, economics, political science, sociology, and international relations.
  • 4- Acquire an advanced knowledge of political economy literature,
  • 5- Acquire the skills and ability to write book reviews and deliver presentations.
Planned Learning Activities and Teaching Methods: Lecture, presentations, book reviews


WEEKLY SUBJECTS AND RELATED PREPARATIONS

WeekSubjectsRelated Preperation LO
1 Introduction No preparation required 1, 2, 3, 4
2 Adam Smith An Inquiry into the Nature and Causes of the Wealth of Nations (Book 1). 1, 2, 3, 4
3 Karl Marx Communist Manifesto, Economic and Philosophical Manuscripts of 1844, Preface to A Critique of Political Economy 1, 2, 3, 4
4 Karl Marx Capital: A Critique of Political Economy (Volume 1, Part 1: Commodities and Money, Chapter 1: The Commodity) 1, 2, 3, 4
5 Max Weber The Protestant Ethic and the Spirit of Capitalism 1, 2, 3, 4
6 Ellen Meiksins Wood The Origin of Capitalism: A Longer View 1, 2, 3, 4
7 Karl Polanyi The Great Transformation: The Political and Economic Origins of Our Time 1, 2, 3, 4
8 Joseph Schumpeter Capitalism, Socialism and Democracy 1, 2, 3, 4
9 Giovanni Arrighi The Long Twentieth Century: Money, Power and the Origins of Our Times 1, 2, 3, 4
10 Friedrich von Hayek The Road to Serfdom 1, 2, 3, 4
11 Michel Foucault Security, Territory, Population: Lectures at the College de France 1977-1978 (Lectures 1, 4 & 5) The Birth of Biopolitics: Lectures at the College de France 1978-1979 1, 2, 3, 4
12 Goste Esping Andersen The Three Worlds of Welfare Capitalism (pp. 1-78) 1, 2, 3, 4
13 Peter Hall & David Soskice Varieties of Capitalism: The Institutional Foundations of Comparative Advantage (pp. 1-68) 1, 2, 3, 4
14 Overview No preparation required 1, 2, 3, 4


REQUIRED AND RECOMMENDED READING

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OTHER COURSE RESOURCES

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ASSESSMENT METHODS AND CRITERIA

Semester RequirementsNumberPercentage of Grade (%)
Attendance / Participation 14 10
Homework Assignments 3 60
Presentation / Jury 1 10
Final Exam 1 20
Total: 19 100


WORKLOAD

EventsCountDuration (Hours)Total Workload (hour)
Course Hours16348
Homework Assigments32575
Preparation for Presentation / Jury11010
Extra-Class Activities (reading,individiual work, etc.)14342
Final Exam112.512.5
Total Workload (hour):187.5


THE RELATIONSHIP BETWEEN COURSE LEARNING OUTCOMES (LO) AND PROGRAM QUALIFICATIONS (PQ)

# PQ1 PQ2 PQ3 PQ4 PQ5 PQ6 PQ7 PQ8 PQ9
LO1                  
LO2                  
LO3                  
LO4                  
LO5