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Code ECON 493
Term 201301
Title Understanding Chinese Economy
Faculty Faculty of Arts and Social Sciences
Subject Economics(ECON)
SU Credit 3
ECTS Credit 6.00 / 6.00 ECTS (for students admitted in the 2013-14 Academic Year or following years)
Instructor(s) Fatih Oktay foktay@sabanciuniv.edu,
Detailed Syllabus
Language of Instruction English
Level of Course Undergraduate
Type of Course Click here to view.
Prerequisites
(only for SU students)
ECON202
Mode of Delivery Formal lecture
Planned Learning Activities Interactive,Communicative,Discussion based learning
Content

This course aims to provide insights into the development and workings of the Chinese Economy and its impact on the World. The topics will cover the economic reform process which made China a major player in the World Economy; the current macroeconomic, financial, and industrial environment; the industrial and technological policies; the foreign policy of China. Chinese politics, as well as its culture and history will also be covered as important background elements of economic life.

Objective

This course aims to provide insights into the development and workings of the Chinese Economy and its impact on the World. The topics will cover the economic reform process which made China a major player in the World Economy; the current macroeconomic, financial, and industrial environment; the industrial and technological policies; the foreign policy of China. Chinese politics, as well as its culture and history will also be covered as important background elements of economic life.

Learning Outcome

On successful completion of this module, students should be able to:

1. Describe the Chinese Economic Reform process, and how the different components of the reform measures interacted to achieve the present high level of growth and transition to a market based economy.
2. Explain the causes and consequences of the basic macroeconomic patterns such as levels of savings; investments; international trade; foreign investment that characterize the Chinese Economy.
3. Discuss how the Chinese economy interacts with the rest of the world and how Chinese policies related to exchange rates and capital controls, as well as incomes; income distribution; social security; affects the world, especially in the context of the current global crisis.
4. Discuss the structure, efficiency, problems related to the financial markets and institutions in China, especially the Banking sector.
5. Discuss the environment; tools; conduct of fiscal and monetary policies in China, in comparison to more developed market economies.
6. Discuss the industrial and technological policies in China, and the resulting structures and capabilities.
7. Describe the structure of imports and exports of China, and how it fits into the international trade patterns.
8. Describe the current political structure and processes in China; name the key parties and persons, and the decision making points in the political structure for a given type of decision. I.e.: Investment approval; foreign policy change.
9. Discuss the interactions between politics and economic activity, and the role and presence of the state in the economy in China
10. Analyze the implications of the socio-economic problems for future political and economic developments in China.
11. Use more effectively, the basic concepts and tools of Economics to analyze the development process and characteristics of a national economy.
12. Appreciate the historical, cultural, and institutional determinants of economic behaviour.
13. Better appreciate the global nature and interconnectedness of economic activity.
14. Better appreciate the significance of, and adopt to cultural diversity.

Programme Outcomes
 
Common Outcomes For All Programs
1 Understand the world, their country, their society, as well as themselves and have awareness of ethical problems, social rights, values and responsibility to the self and to others. 5
2 Understand different disciplines from natural and social sciences to mathematics and art, and develop interdisciplinary approaches in thinking and practice. 4
3 Think critically, follow innovations and developments in science and technology, demonstrate personal and organizational entrepreneurship and engage in life-long learning in various subjects. 4
4 Communicate effectively by oral, written, graphical and technological means and have competency in English. 3
5 Take individual and team responsibility, function effectively and respectively as an individual and a member or a leader of a team. 1
Common Outcomes ForFaculty of Arts & Social Sci.
1 Develop a thorough knowledge of theories, concepts, and research methods in the field and apply them in research design and data analysis. 4
2 Assess the impact of the economic, social, and political environment from a global, national and regional level. 5
3 Know how to access written and visual, primary and secondary sources of information, interpret concepts and data from a variety of sources in developing disciplinary and interdisciplinary analyses. 4
Assessment Methods and Criteria
  Percentage (%)
Final 40
Midterm 25
Exam 20
Participation 15
Recommended or Required Reading
Textbook

The Chinese Economy: transitions and growth,
Barry Naughton, MIT Press, 2007.

Readings

Included in the outline below

Optional Readings

Included in the outline below