The study of interrelations between international politics and economics. Addresses the Bretton Woods institutions, differing political conceptions of international economic relations, trade, trade restrictions, trade agreements, global financial flows, migration, and exchange rates. Methods emphasize institutional analysis, historical analysis, accounting frameworks, and formal economic models.
How do we make sense of economic relationships between countries across the globe? What lies behind the wealth and poverty of different nations and groups globally? How is the current global recession, the most serious since the 1930ís, affecting international trade and investment? This course will provide the tools to answer these questions and the basis for further study of international issues. You will learn key concepts, gain an understanding of different theoretical perspectives, and map out the major institutions that shape the international economy.
Student learning goals
This is a core course for the Global Studies degree in IAS. Among the IAS learning objectives, this course emphasizes interdisciplinary research, critical thinking, and writing.
General method of instruction
Given the diversity of perspectives covered in the course, we will use a variety of formats to gain mastery of the subject. We will use a combination of short lectures, handouts, exercises, and small-group work on problems to make sure everyone masters the more technical concepts like comparative advantage and the balance of payments.
The course assumes no previous background in International Political Economy. But the analysis builds as you move through the semester. Thus on-going and timely preparation is essential. Do readings and preparatory assignments in advance and come prepared to participate and discuss in class.
Class assignments and grading
Exams will include definitions, problems, and short essays. You will be given advance notice of the content of exams, and opportunity for in-class practice of problems. In addition, we will use short answers and structured response papers to gain understanding of diverse views on the global economy. The course will culminate with a final paper addressing a key problem or issue in contemporary international political economy.
Completing question sets and worksheets satisfactorily and on time: 10% In Class Participation: 10% Three exams: 45% Integrative final paper: 35%