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 | Use and develop skillfully economic concepts and theories, analyse economic behaviour and events by conceptualizing and evaluating via scientific methods (Has skills regarding theory and analysis) | ✔ | |||
| 2 | Evaluate how economic policies affect economic performance and how economic interest, relationship and interaction affect policy decisions (Knowledgeable about economic policies) | ✔ | |||
| 3 | Design and carry out studies regarding data collection, analysis and evaluation, that can be used in decision processes at every level (individual, firm, government, etc.)(Knowledgeable about quantitative and qualitative methods) | ✔ | |||
| 4 | Evaluate systematically and compare economic knowledge, phenomena and methodology; Develop critical, creative/innovative approaches to these (Critical, creative, innovative) | ✔ | |||
| 5 | Understand current economic phenomena and relevant political developments using information and data from various resources and provide multifaceted explanations (Concerned about current events) | ✔ | |||
| 6 | Follow developments in economic theory and methods; Be open to continuous learning (Open to continuous learning) | ✔ | |||
| 7 | Have skills to work independently and in a team (Individual and teamwork) | ✔ | |||
| 8 | Approach critically to economic and societal events and problems while being sensitive to social problems; Produce solutions to these problems by scientific approach; Share own thoughts (Sensitive to social problems) | ✔ | |||
| 9 | Communicate clearly, effectively and fluently (in English and Turkish) verbally and in writing, utilizing new technologies (Has effective communication skills) | ✔ | |||
0: No Contribution 1: Little Contribution 2: Partial Contribution 3: Full Contribution