PHIL467 PHILOSOPHY AND POLITICAL ECONOMY II
| Course Code: |
2410467 |
| METU Credit (Theoretical-Laboratory hours/week): |
3(0-0) |
| ECTS Credit: |
5.0 |
| Department: |
Philosophy |
| Language of Instruction: |
English |
| Level of Study: |
Undergraduate |
| Course Coordinator: |
Prof.Dr. ÞEREF HALÝL TURAN |
| Offered Semester: |
Spring Semesters. |
Course Content
Interactions between philosophy, economics and the economy over the course of the 20th century. How Western economics ideas reached the Ottoman Empire and the disparities between the Ottoman `mindset and the European.` The emergence of the neoclassical economics with two `branches` as micro and macroeconomics. The ideas of Marshall and Keynes. Anti-Keynesian economics in the late 20th century. The main problems facing humanity in the 21th century such as climate change, population ageing, low growth, income inequality, hyper-globalization, automation and unemployment, financialization and the financial crisis of 2007-2008, which led to the `revival` of political economy.
