COURSE UNIT TITLE

: COMPARATIVE WORLD ECONOMY

Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS
ELECTIVE

Offered By

Economics

Level of Course Unit

First Cycle Programmes (Bachelor's Degree)

Course Coordinator

PROFESSOR DOCTOR YEŞIM ÜÇDOĞRUK GÜREL

Offered to

Economics

Course Objective

This course aims at analyzing different economic systems that reflect both recent transformations in the world economy and recent changes in the field of comparative economic systems. In this context, economic history of countries pursuing the advanced market capitalism such as the United States and Japan, countries of former socialist economies such as Soviet Union and China, and the alternative economic systems followed by some of the developing countries such as India, Mexico and South and North Korea will be examined in this course.

Learning Outcomes of the Course Unit

1   Demonstrate understanding of the histories of capitalism and soviet socialism, and of recent developments in the economies of Russia, Eastern Europe and the rest of the world so that s/he can recognize factors affecting the continuing evolution and transition of world economy.
2   Interpret the importance of historical and institutional contexts for understanding contemporary problems of transition.
3   Recognize the main theoretical explanations of long term economic transformation in order to evaluate policy debates on transition and globalization.
4   Be able to critically read and analyze reports on economic systems for understanding continuing developments in world economy.
5   Prepare a research on a given subject with the purpose of doing descriptive analysis of different country experiences.

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

None

Recomended Optional Programme Components

None

Course Contents

Week Subject Description
1 Introduction: How Do We Compare Economies
2 The Theory and Practice of Market Capitalism
3 The Theory and History of Marxism and Socialism
4 The United States of America: The Market Capitalist Leader
5 Japan: A Planned Market Economy with Traditional Elements
6 European Integration: The EU in the World Economy
7 The Former Soviet Union: Alternative Paths of Transition
8 China's Socialist Market Economy
9 India: The Elephant Walks
10 Revolution and Reform in the Mexican Economy
11 North and South Korea: The Lingering Shadow of the Cold War
12 Emerging Markets
13 Assessing the World Economies in New Era
14 Class discussion

Recomended or Required Reading

J. Barkley Rosser and Marina V. Rosser, Comparative Economics in a Transforming World Economy, Second Edition, (Cambridge, Mass.: MIT Press, 2004)

Planned Learning Activities and Teaching Methods

1. Lecture
2. Reading
3. In-class discussion
4. Term project

Assessment Methods

SORTING NUMBER SHORT CODE LONG CODE FORMULA
1 MT Midterm
2 ASS Assignment
3 FN Final
4 FCG FINAL COURSE GRADE MT * 0.30 + ASS * 0.30 + FN * 0.40
5 RST RESIT
6 FCGR FINAL COURSE GRADE (RESIT) MT * 0.30 + ASS * 0.30 + RST * 0.40


Further Notes About Assessment Methods

None

Assessment Criteria

1. The learner will clearly define basic concepts used in market capitalist and command socialist economic systems.
2. The learner will use necessary micro and macroeconomic theory concepts to evaluate differences in economic transformation of market capitalist and command socialist economies.
3. The learner will evaluate different policy practices applied in transformation of different economic systems.
4. The learner will use necessary numerical methods to analyze descriptive statistics of different country profiles.
5. The learner will make research about a specific topic and present it in line with economics of world system terminology.

Assignment will be related to the historical/ current economic events.
a) The student will choose a topic or the instructor will assign the assignment topic to the student.
b) Assignment will be assessed on 1) organization, 2) content, 3) clarity. Criteria 1 and 2 are 80 per cent of the total assignment grade and criteria 3 is 20 per cent of the total assignment grade.
(1) The students who evaluate the topic in a logical sequence with all the required information and cite the references will get 100% (Excellent). The students who evaluate 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 evaluate the topic in a logical sequence with missing required information and do not cite the references will get 60% (Good). The students who evaluate the topic but do not have a logical sequence and do not cite the references will get 40% (Fair). The students who evaluate an irrelevant topic with no references will get 0% (Poor).
(2) The students who lay out the topic well, and establish a framework for the rest of the assignment, include accurate information with a conclusion summarizing the assignment will get 100% (Excellent). The students who lay out the topic well, and establish a framework for the rest of the assignment, include accurate information but do not summarize the assignment with a conclusion will get 80% (Very good). The students who lay out the topic well, include accurate information but do not summarize the assignment with a conclusion will get 60% (Good). The students who lay out the topic well but fail to provide accurate information and do not summarize the assignment with a conclusion will get 40% (Fair). The students who fail to lay out the topic well, lack accurate information and do not summarize the presentation with a conclusion will get 0% (Poor).
(3) The students who clarify their research question well, have good language skills and can explain the subject clearly will get 100% (Excellent). The students who clarify their research question well, have enough language skills and can explain the subject quite clearly will get 80% (Very good). The students who clarify their research question well, have enough language skills, but cannot explain the subject clearly will get 60% (Good). The students who cannot clarify their research question well, have poor language skills and can partially explain the subject will get 40% (Fair). The students who cannot clarify their research question well, have poor language skills and can poorly explain the subject will get 0% (Poor).

Language of Instruction

English

Course Policies and Rules

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

Contact Details for the Lecturer(s)

yesim.ucdogruk@deu.edu.tr

Office Hours

To be announced

Work Placement(s)

None

Workload Calculation

Activities Number Time (hours) Total Work Load (hours)
Lectures 14 3 42
Preparations before/after weekly lectures 14 1 14
Preparation for midterm exam 1 15 15
Preparation for final exam 1 20 20
Preparing assignments 1 15 15
Preparation for quiz etc. 1 1 1
Midterm 1 2 2
Quiz etc. 1 1 1
Final 1 2 2
TOTAL WORKLOAD (hours) 112

Contribution of Learning Outcomes to Programme Outcomes

PO/LOPO.1PO.2PO.3PO.4PO.5PO.6PO.7PO.8PO.9PO.10PO.11PO.12PO.13PO.14
LO.135545
LO.2545
LO.355
LO.435555
LO.535455