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COURSE DESCRIPTION AND APPLICATION INFORMATION

Course Name Code Semester T+A+L (hour/week) Type (C / O) Local Credit ECTS
Political Economy EC 545 Fall-Spring 03+00+00 Elective 3 7.5
Academic Unit:
Mode of Delivery: Face to face
Prerequisites: None
Language of Instruction: English
Level of Course Unit: Graduate
Course Coordinator: Beste Gün. ASLAN
Course Objectives: This course introduces the students to the profound transformations that have taken place in the World economy, especially in the realm of finance. Financial markets and transactions have been growing continuously in size and importance while finance in general has acquired an increasingly prominent position.
Course Contents: This course will bring together a comprehensive analysis of financialization of the World economy that encompasses the historical, theoretical, and empirical sides of the issues and explore the origins and consequences of the dramatic rise of financial markets in the world and focus on the impacts of financialization on the capital accumulation process.
Learning Outcomes of the Course Unit (LO):
    Planned Learning Activities and Teaching Methods: Readings and Lectures: Readings are assigned on a weekly basis, which provide the base for discussions in class gathering. These are expected to be read in advance of the classes.Response papers: Each week students are encouraged to submit a response paper base on the readings.Discussions: Participation in discussions with reasoned argumentation is encouraged and contributes to the overall assessment.Research Paper: A research paper is expected on a previously determined topic of interest, which is also relevant to the weekly topics and general discussions in the classroom. Students can pair up to work on the subject if preferred. This will be graded as a final exam.


    WEEKLY SUBJECTS AND RELATED PREPARATIONS

    WeekSubjectsRelated Preperation


    REQUIRED AND RECOMMENDED READING

    Orhangazi, Ozgur. 2008. Financialization of the US Economy.
    Epstein, Gerald. 2005. Financialization of the World Economy.
    Erturk, İ. et al. 2008. Financialization at Work: Key texts and commentary.
    Arrighi, Giovanni. 2010. The Long Twentieh Century: Money, Power, and the origin of our times.
    Krippner, G. 2011. Capitalizing on crisis: The political origins of the rise of finance.
    Dumenil, G. and D. Levy. 2011. The crisis of neoliberalism


    OTHER COURSE RESOURCES

    Palley, Thomas. 2007. Financialization: What is it and Why it matters.
    Arrighi, Giovanni. 2005. Hegemny Unravelling ? I & II.
    Chernow, Ron. 1990. The House of Morgan.
    Kotz, David. 1978. Bank control of large corporation in the US.
    Hilferding, Rudolf. Finance Capital.
    Berle, A. A. and Means, G. C. Control, liquidity and the `community interest?.
    Isenberg, Dorene. 2000. The political economy of financial reform: the origin of the US deregulation of 1980 and 1982.
    Fama, Eugene. 1991. Efficient Capital Markets: II.
    Crotty, James. 2011. The realism of assumptions does matter: Why Keynes-Minsky theory must replace efficient market theory as the guide to financial regulation policy.
    Crotty, James. 2002. The Effects of Increased Product Market Competition and Changes in Financial Markets on the Performance of Nonfinancial Corporations in the Neoliberal Era
    Dumenil, G. and Levy, D. 2004. Capital resurgent: Roots of the neoliberal model.
    Brener, Robert. The boom and the bubble: The US in the world economy


    ASSESSMENT METHODS AND CRITERIA

    Semester RequirementsNumberPercentage of Grade (%)
    Total: 0 0


    WORKLOAD

    EventsCountDuration (Hours)Total Workload (hour)
    Total Workload (hour):0


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

    # PQ1 PQ2 PQ3 PQ4 PQ5 PQ6 PQ7 PQ8 PQ9