COURSE UNIT TITLE

: ECONOMICS SOCIOLOGY

Description of Individual Course Units

Course Unit Code Course Unit Title Type Of Course D U L ECTS
ECN 5051 ECONOMICS SOCIOLOGY ELECTIVE 3 0 0 6

Offered By

Economics (English)

Level of Course Unit

Second Cycle Programmes (Master's Degree)

Course Coordinator

PROFESSOR DOCTOR MUSTAFA ERDEM ÖZGÜR

Offered to

Economics (English)

Course Objective

Economic sociology is the relationship between the economy and society. It is concerned with the social bases of economic behavior and brings an understanding of economic processes and economic organizations. The course will start with a brief summary of the views of key authors about capitalism: Adam Smith, Karl Marx, Max Weber, Karl Polanyi and Joseph Schumpeter. Some approaches, such as institutional, network, power and cognitive, will be surveyed. Markets will be studied from a moral and social order view.

Learning Outcomes of the Course Unit

1   addressing and explaining connections between society and the economy
2   thinking sociologically about what markets are and where their limits lie
3   analysing impacts of social aspects on the economic decisions
4   understanding of key ideas in the field of economic sociology, and how these might be applied critically and analytically to the study of real-world economic issues

Mode of Delivery

Face -to- Face

Prerequisites and Co-requisites

None

Recomended Optional Programme Components

None

Course Contents

Week Subject Description
1 Introduction to Economic Sociology
2 What is capitalism
3 Classical and liberal theories of markets
4 Neoliberal theories of markets
5 Politics and economy: government and governance
6 Politics and economy: welfare states and society
7 Law and economy
8 Law and economy
9 Ethics and economy
10 Embeddedness: impact of institutions on the economy
11 Financial markets and crisis
12 Presentations
13 Presentations
14 Presentations

Recomended or Required Reading

Textbook:
Richard Swedberg, Principles of Economic Sociology

References:
1. Karl Marx, Grundrisse
2. Joseph Schumpeter, Capitalism, Socialism and Democracy
3. Karl Polanyi, Great Transformation
4. Thomas Piketty, Capital in the Twenty-first Century
5. Joseph Stiglitz, Creating a Learning Society: a New Approach to Growth, Development, and Social Progress

Planned Learning Activities and Teaching Methods

The course is run as a participatory seminar. Attendance and participation are required. Lecturing will be done before each subject. Students are required to do their readings each week before they come to class. They will write a brief memo each week abstracting the week s readings, to be turned in at the end of the class. The students will take their turns in framing discussion questions for each week. A term paper is the final requirement of the course. The paper should be approximately fifteen pages in length, and it may take the form of a research proposal that incorporates ideas from a number of the readings in the course.

Assessment Methods

SORTING NUMBER SHORT CODE LONG CODE FORMULA
1 PRJ PROJECT
2 PAR PARTICIPATION
3 ASG ASSIGNMENT
4 FCG FINAL COURSE GRADE PRJ* 0.40 + PAR* 0.10 + ASG * 0.50


Further Notes About Assessment Methods

Weekly readings and memos will be regarded as 'Assignment' .

Assessment Criteria

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

Since the seminar is mainly devoted to reading and discussing the texts listed in the syllabus, all participants are expected to read the texts and participate actively in the discussion.

Contact Details for the Lecturer(s)

erdem.ozgur@deu.edu.tr

Office Hours

(will be announced later)

Work Placement(s)

None

Workload Calculation

Activities Number Time (hours) Total Work Load (hours)
Case study 14 2 28
Lectures 14 1 14
Student Presentations 14 1 14
Reading 10 2 20
Preparing assignments 14 2 28
Preparations before/after weekly lectures 10 3 30
Quiz etc. 3 3 9
Project Final Presentation 10 1 10
TOTAL WORKLOAD (hours) 153

Contribution of Learning Outcomes to Programme Outcomes

PO/LOPO.1PO.2PO.3PO.4PO.5PO.6PO.7PO.8PO.9PO.10
LO.1544
LO.25545
LO.3445
LO.4535