ECON422 THE CHINESE ECONOMY: TRANSITIONS AND CHANGE
| Course Code: | 3110422 |
| METU Credit (Theoretical-Laboratory hours/week): | 3 (3.00 - 0.00) |
| ECTS Credit: | 6.0 |
| Department: | Economics |
| Language of Instruction: | English |
| Level of Study: | Undergraduate |
| Course Coordinator: | Prof.Dr. DÜRDANE ŞİRİN SARAÇOĞLU |
| Offered Semester: | Spring Semesters. |
Course Objectives
Upon successful completion of this course, the student is expected to gain knowledge on major economic developments that have taken place in China before and after the introduction of reforms in 1978, the key challenges in China’s future economic and social trajectory, and her importance in the international and regional economies. More specifically, major learning outcomes are:
- Identify and explain the internal and external economic and political factors that have driven China’s economic growth;
- Identify and analyse the major problems and trade-offs facing China in its quest for modernization and economic development, such as income inequality, corruption, resource shortages, environmental degradation;
- Compare and contrast the economic reform experience of China to those of other transition economies;
- Analyse the implications of China’s economic growth on the world economy, including issues such as environmental degradation, trade relations, and global imbalances;
- Understand the process of the “Belt and Road Initiative” and Turkey’s role in the process.
Course Content
Evolution of the Chinese economy during pre- and post-1949 periods; analysis of Chinas post-1978 reform period using basic economic tools; identification of characteristics of Chinas economic transition/transformation and development; structural change; urban-rural gap; labor markets; foreign trade and investment; foreign exchange and financial markets; Chinas post-WTO economic reforms and multinational enterprises; industrial policy; role of government and the market as allocators of resources; global imbalances.
Course Learning Outcomes
Program Outcomes Matrix
| Level of Contribution | |||||
| # | Program Outcomes | 0 | 1 | 2 | 3 |
| 1 | The aim of our program is to equip our students with the necessary skills and tools to have a firm understanding of economic theory and policymaking. Our graduates will be able to conceptualize economic problems, assess, analyze, and propose scientific solutions to them. | ✔ | |||
| 2 | Our students are expected to have interdisciplinary perspective to be able to follow and understand daily economic and political developments. | ✔ | |||
| 3 | Our program also trains students to be open to new ideas, be sensitive about social problems surrounding them and work towards providing solutions for these to share with their community. | ✔ | |||
0: No Contribution 1: Little Contribution 2: Partial Contribution 3: Full Contribution