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Module Specifications

Archived Version 2009 - 2010

Module Title International Political Economy
Module Code LG589A
School School of Law & Government

Online Module Resources

Module Co-ordinatorDr. Michael BreenOffice NumberC227
Level 5 Credit Rating 5
Pre-requisite None
Co-requisite None
Module Aims
International political economy (IPE) is a subject that bridges the disciplines of economics and political science. It focuses on how and why countries integrate themselves into the global economy, and how openness and participation in the global economy affects individuals, countries, and national policies. This course introduces students to the substantive issues that IPE examines, including the politics of trade, finance, exchange, and economic development. It also gives students an opportunity to review and critique advanced research in the field.

Learning Outcomes
A good understanding of the politics of trade, finance, and economic development over the last century. A good understanding of the major theories and concepts in the field. Ability to apply this knowledge to explain trade and monetary policies. Ability to review and critique advanced research in the field of IPE.

Indicative Time Allowances
Lectures 24
Independent Learning Time 51

Total 75
Assume that a 5 credit module load represents approximately 75 hours' work, which includes all teaching, in-course assignments, laboratory work or other specialised training and an estimated private learning time associated with the module.

Indicative Syllabus
1. Introduction 2. International Trade I: The International Trade System 3. International Trade II: Explaining Trade Policy 4. International Finance I: The International Monetary System 5. International Finance II: Monetary and Exchange Rate Policies 6. Capital Flows and Financial Crises 7. Multinational Companies and Foreign Direct Investment 8. Development 9. Debt 10. International Organizations 11. Review session
Continuous Assessment100% Examination Weight0%
Indicative Reading List
Course textbook: Oatley, Thomas (2009) International Political Economy: Interests and Institutions in the Global Economy 4th ed. (New York: Pearson). Hiscox, Michael. 2002. International Trade and Political Conflict: Commerce, Coalitions, and Mobility Princeton: Princeton University Press. Eichengreen, Barry. 2008. Globalizing Capital : A History of the International Monetary System. Princeton, NJ: Princeton University Press. Frieden, Jeffry A. 2006. Global Capitalism: Its Fall and Rise in the Twentieth Century. New York: W.W. Norton & Company. Drazen, Allan. 2000. Political Economy in Macroeconomics. Princeton: Princeton University Press. Eichengreen, Barry. 2003. Capital Flows and Crises. Cambridge: MIT Press. Jensen, Nathan M. 2006. Nation-States and the Multinational Corporation: A Political Economy of Foreign Direct Investment. Princeton: Princeton University Press.
Programme or List of Programmes
MIRMA in International Relations