COURSE UNIT TITLE

: INSTITUTIONAL ECONOMICS

Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS
ECN 6036 INSTITUTIONAL ECONOMICS ELECTIVE 3 0 0 9

Offered By

Economics (English)

Level of Course Unit

Third Cycle Programmes (Doctorate Degree)

Course Coordinator

PROFESSOR DOCTOR MUSTAFA ERDEM ÖZGÜR

Offered to

Economics (English)

Course Objective

This course provides a broad survey of some of the major debates in comparative political economy, focusing especially on the creation, evolution and reform of formal and informal institutions. We begin by reading some of the classic works in political economy, including those of Veblen, Smith, Marx, List, and Polanyi. We review some of the most influential works from four disciplines: History, Sociology, Economics, and Political Science. We then proceed with a selective survey of literature on the old and new institutional economics.

Learning Outcomes of the Course Unit

1   Develop an appreciation for the importance of institutions for sustainable economic development.
2   Demonstrate social, political, and economic challenges associated with developing institutional background.
3   Present a comparative analysis of old and new institutional economics.
4   Develop skills in analysis and critical thinking, clear and compelling writing, and persuasive oral presentation.

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

None

Recomended Optional Programme Components

None

Course Contents

Week Subject Description
1 Institutional Economics: Introduction Old Institutional Economics vs New Institutional Economics
2 Institutional Economics in the US: Veblen, Mitchell and Commons Student Presentations
3 Institutional Economics in Europe Student Presentations
4 Mainstream Economics vs Institutional Economics General Review
5 Old Institutional Economics, German Historical School and Marx
6 Institutional Economics and Evolutionary Economics
7 Evolutionary Economics
8 A Different Perspective: Karl Polanyi
9 New Institutional Economics
10 Institutions and Economic Development

Recomended or Required Reading

Hodgson, Geoffrey M. (2004). The Evolution of Institutional Economics. New York: Routledge.

Polanyi, Karl. (2001) [1944]. The Great Transformation. Boston: Beacon Press.

Chang, Ha-Joon. (2002). Kicking Away The Ladder: Development Strategy in Historical Perspective. London: Anthem Press.

Different articles will be assigned during the semester.

Planned Learning Activities and Teaching Methods

Lectures
Book reviews and presentations
Academic Papers

Assessment Methods

SORTING NUMBER SHORT CODE LONG CODE FORMULA
1 MTE MIDTERM EXAM
2 ASG ASSIGNMENT
3 PRS PRESENTATION
4 FIN FINAL EXAM
5 FCGR FINAL COURSE GRADE MTE * 0.20 + ASG * 0.25 + PRS * 0.15 + FIN * 0.40
6 RST RESIT
7 FCGR FINAL COURSE GRADE (RESIT) MTE * 0.20 + ASG * 0.25 + PRS * 0.15 + RST* 0.40


*** Resit Exam is Not Administered in Institutions Where Resit is not Applicable.

Further Notes About Assessment Methods

None

Assessment Criteria

Students will develop an appreciation for the importance of institutions for sustainable economic development.
Students will understand social, political, and economic challenges associated with developing institutional background.
Students will be able to make a comparative analysis of old and new institutional economics.
Students will develop skills in analysis and critical thinking, clear and compelling writing, and persuasive oral presentation.

1. Presentations will be related to historical/ current economic events.
a) The student will choose a topic, or the instructor will assign the presentation topic to the student. Presentations will be assessed on 1) organization, 2) content, and 3) presentation. Criteria 1 and 2 are 50 percent of the total presentation grade, and criteria 3 is 50 percent of the total presentation grade.
(1) The students who present the topic in a logical sequence with all the required information and cite the references will get 100% (excellent). The students who present the topic in a logical sequence with all the required information but do not cite the references will get 80% (very good). The students who present the topic in a logical sequence with missing required information and do not cite the references will get 60% (good). The students who present the topic but do not have a logical sequence and do not cite the references will get 40% (fair). The students who present an irrelevant topic with no references will get 0% (poor).

(2) The students who lay out the topic well, establish a framework for the rest of the presentation, and include accurate information with a conclusion summarizing the presentation will get 100% (excellent). The students who lay out the topic well, establish a framework for the rest of the presentation, and include accurate information but do not summarize the presentation will get 80% (very good). The students who lay out the topic well and include accurate information but do not summarize the presentation will get 60% (good). The students who lay out the topic well but fail to provide accurate information and do not summarize the presentation will get 40% (fair). The students who fail to lay out the topic well, lack accurate information, and do not summarize the presentation will get 0% (poor).

(3) The students who manage their time well, have good language skills, can explain the subject clearly, and manage to respond to the questions will get 100% (excellent). The students who manage their time well, have enough language skills, explain the subject quite clearly, and manage to respond to the questions will get 80% (very good). The students who manage their time well, have enough language skills, and can explain the subject quite clearly but cannot respond to the questions will get 60% (good). The students who cannot manage their time well, have poor language skills, and can partially explain the subject but cannot respond to the questions will get 40% (fair). The students who cannot manage their time well, have poor language skills, cannot explain the subject, and cannot respond to the questions will get 0% (poor).

Language of Instruction

English

Course Policies and Rules

Attending at least 70 percent of lectures is mandatory.
Plagiarism of any type will result in disciplinary action.

Contact Details for the Lecturer(s)

Prof.Dr. M. Erdem ÖZGÜR
Dokuz Eylül Üniversitesi
Işletme Fakültesi
Iktisat Bölümü
erdem.ozgur@deu.edu.tr

Office Hours

Tuesday 12:00-13:00

Work Placement(s)

None

Workload Calculation

Activities Number Time (hours) Total Work Load (hours)
Lectures 14 3 42
Preparations before/after weekly lectures 14 4 56
Preparation for midterm exam 1 20 20
Preparation for final exam 1 25 25
Preparing presentations 3 10 30
Preparing assignments 1 35 35
Midterm 1 3 3
Final 1 3 3
TOTAL WORKLOAD (hours) 214

Contribution of Learning Outcomes to Programme Outcomes

PO/LOPO.1PO.2PO.3PO.4PO.5PO.6PO.7PO.8PO.9PO.10
LO.15
LO.2444
LO.344
LO.455