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Unit of study_

ECOP6911: Theories in Political Economy

Semester 2, 2022 [Normal day] - Remote

This unit seeks to develop a deeper understanding of the various theoretical frameworks within which political economic analysis is constructed, and to which you have been introduced in other political economy units. To do this, you will focus on the methodologies, core concepts and philosophical underpinnings of the principal schools of economic thought with particular emphasis on the nonneoclassical approaches to the study of economic issues. If you are considering further study in political economy (Honours, MPhil or PhD), you are strongly encouraged to undertake this unit as it provides the necessary fundamental preparation for further study.

Unit details and rules

Unit code ECOP6911
Academic unit Political Economy
Credit points 6
Prohibitions
? 
ECOP3911
Prerequisites
? 
ECOP6101
Corequisites
? 
None
Assumed knowledge
? 

None

Available to study abroad and exchange students

No

Teaching staff

Coordinator Joe Collins, joe.collins@sydney.edu.au
Type Description Weight Due Length
Assignment Essay 1
Essay
35% Week 06
Due date: 11 Sep 2022 at 23:59
2000 words
Outcomes assessed: LO1 LO2 LO3 LO4 LO5
Assignment Essay 2
Essay
45% Week 12
Due date: 30 Oct 2022 at 23:59
3000 words
Outcomes assessed: LO1 LO2 LO3 LO4 LO5
Presentation Seminar presentation
Oral presentation
10% Week 13 10 minutes
Outcomes assessed: LO2 LO4
Participation Participation
Seminar participation
10% Week 13 Ongoing
Outcomes assessed: LO1 LO5 LO4 LO3 LO2

Assessment summary

Assessment criteria and grade descriptors are available on Canvas

Assessment criteria

https://www.sydney.edu.au/students/guide-to-grades.html

For more information see guide to grades.

Late submission

In accordance with University policy, these penalties apply when written work is submitted after 11:59pm on the due date:

  • Deduction of 5% of the maximum mark for each calendar day after the due date.
  • After ten calendar days late, a mark of zero will be awarded.

This unit has an exception to the standard University policy or supplementary information has been provided by the unit coordinator. This information is displayed below:

Late penalties are applied in accordance with Faculty policy

Academic integrity

The Current Student website  provides information on academic integrity and the resources available to all students. The University expects students and staff to act ethically and honestly and will treat all allegations of academic integrity breaches seriously.  

We use similarity detection software to detect potential instances of plagiarism or other forms of academic integrity breach. If such matches indicate evidence of plagiarism or other forms of academic integrity breaches, your teacher is required to report your work for further investigation.

You may only use artificial intelligence and writing assistance tools in assessment tasks if you are permitted to by your unit coordinator, and if you do use them, you must also acknowledge this in your work, either in a footnote or an acknowledgement section.

Studiosity is permitted for postgraduate units unless otherwise indicated by the unit coordinator. The use of this service must be acknowledged in your submission.

Simple extensions

If you encounter a problem submitting your work on time, you may be able to apply for an extension of five calendar days through a simple extension.  The application process will be different depending on the type of assessment and extensions cannot be granted for some assessment types like exams.

Special consideration

If exceptional circumstances mean you can’t complete an assessment, you need consideration for a longer period of time, or if you have essential commitments which impact your performance in an assessment, you may be eligible for special consideration or special arrangements.

Special consideration applications will not be affected by a simple extension application.

Using AI responsibly

Co-created with students, AI in Education includes lots of helpful examples of how students use generative AI tools to support their learning. It explains how generative AI works, the different tools available and how to use them responsibly and productively.

WK Topic Learning activity Learning outcomes
Week 01 What should be the subject matter of political economy? Seminar (2 hr) LO1 LO3 LO5
Week 02 Should political economy aspire to be a science? Seminar (2 hr) LO1 LO3 LO5
Week 03 Is economic life predictable? Seminar (2 hr) LO1 LO3 LO5
Week 04 Does political economy need methodological individualism? Seminar (2 hr) LO1 LO3 LO5
Week 05 Are class, gender and race equally analytically important? Seminar (2 hr) LO1 LO3 LO5
Week 06 How do economic ideas matter? Seminar (2 hr) LO1 LO3 LO5
Week 07 Does Marxism need the labour theory of value? Seminar (2 hr) LO1 LO3 LO5
Week 08 Does marginal utility determine prices? Seminar (2 hr) LO1 LO3 LO5
Week 09 Can institutional political economy be more than liberal eclecticism? Seminar (2 hr) LO1 LO3 LO5
Week 10 How useful is the idea of a free market? Seminar (2 hr) LO1 LO3 LO5
Week 11 Is monopoly a problem? Seminar (2 hr) LO1 LO3 LO5
Week 12 Can there be a 'minimal' state? Seminar (2 hr) LO1 LO3 LO5
Week 13 Is there a 'capitalist' state? Seminar (2 hr) LO1 LO3 LO5

Study commitment

Typically, there is a minimum expectation of 1.5-2 hours of student effort per week per credit point for units of study offered over a full semester. For a 6 credit point unit, this equates to roughly 120-150 hours of student effort in total.

Required readings

All on Canvas

Learning outcomes are what students know, understand and are able to do on completion of a unit of study. They are aligned with the University's graduate qualities and are assessed as part of the curriculum.

At the completion of this unit, you should be able to:

  • LO1. Understand different theories of political economy
  • LO2. Apply theories and concepts to understand specific issues
  • LO3. Make links between economic and political questions
  • LO4. Construct a sound argument using evidence and communicate this effectively (both verbally and in writing)
  • LO5. Examine critically received ideas and existing insitutions

Graduate qualities

The graduate qualities are the qualities and skills that all University of Sydney graduates must demonstrate on successful completion of an award course. As a future Sydney graduate, the set of qualities have been designed to equip you for the contemporary world.

GQ1 Depth of disciplinary expertise

Deep disciplinary expertise is the ability to integrate and rigorously apply knowledge, understanding and skills of a recognised discipline defined by scholarly activity, as well as familiarity with evolving practice of the discipline.

GQ2 Critical thinking and problem solving

Critical thinking and problem solving are the questioning of ideas, evidence and assumptions in order to propose and evaluate hypotheses or alternative arguments before formulating a conclusion or a solution to an identified problem.

GQ3 Oral and written communication

Effective communication, in both oral and written form, is the clear exchange of meaning in a manner that is appropriate to audience and context.

GQ4 Information and digital literacy

Information and digital literacy is the ability to locate, interpret, evaluate, manage, adapt, integrate, create and convey information using appropriate resources, tools and strategies.

GQ5 Inventiveness

Generating novel ideas and solutions.

GQ6 Cultural competence

Cultural Competence is the ability to actively, ethically, respectfully, and successfully engage across and between cultures. In the Australian context, this includes and celebrates Aboriginal and Torres Strait Islander cultures, knowledge systems, and a mature understanding of contemporary issues.

GQ7 Interdisciplinary effectiveness

Interdisciplinary effectiveness is the integration and synthesis of multiple viewpoints and practices, working effectively across disciplinary boundaries.

GQ8 Integrated professional, ethical, and personal identity

An integrated professional, ethical and personal identity is understanding the interaction between one’s personal and professional selves in an ethical context.

GQ9 Influence

Engaging others in a process, idea or vision.

Outcome map

Learning outcomes Graduate qualities
GQ1 GQ2 GQ3 GQ4 GQ5 GQ6 GQ7 GQ8 GQ9

This section outlines changes made to this unit following staff and student reviews.

This unit has been changed in various ways to address feedback from students in previous semesters

Disclaimer

The University reserves the right to amend units of study or no longer offer certain units, including where there are low enrolment numbers.

To help you understand common terms that we use at the University, we offer an online glossary.