IR551 Global Political Economy

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Course Code Course Title Weekly Hours* ECTS Weekly Class Schedule
T P
IR551 Global Political Economy 3 0 6 Tue: 17:00–19:50
Prerequisite None It is a prerequisite to

None

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Course Objectives This course is an advanced graduate seminar on global political economy. It discusses key issues in international political economy, such as trade, development, monetary policy, foreign investment, migration, globalization, development, and foreign aid. Attention is especially focused on the mutual relationship between globalization and political change.
Textbook (1) Oatley, T. H. (2019). International Political Economy (6th ed.). (2) Gilpin, R., & Gilpin, J. M. (2001). Global Political Economy: Understanding the International Economic Order. (3) Frieden, J. A., Lake, D. A., & Broz, J. L. (Eds.). (2017). International Political Economy: Perspectives on global power and wealth (6th ed). (4) Eichengreen, B. J. (2008). Globalizing Capital: A History of the International Monetary System (2nd ed).
Additional Literature
Learning Outcomes After successful  completion of the course, the student will be able to:
  1. Engage with the major theoretical perspectives on global political economy.
  2. Understand how domestic and international actors influence economic policy outcomes.
  3. Identify and evaluate institutional, political, cultural, and economic constraints that impact the speed and effectiveness of economic development.
Teaching Methods Lectures, class discussions, response papers
Teaching Method Delivery Teaching Method Delivery Notes
WEEK TOPIC REFERENCE
Week 1 Registration week Optional: Mankiew. Principles of Economics
Week 2 Introduction Optional: Dornbusch, Fischer & Stratz. Macroeconomics
Week 3 International political economy Oatley. Ch. 1; Gilpin. Ch. 2–5
Week 4 Trade and international politics Oatley. Ch. 2–3; Gilpin. Ch. 8; FLB. Ch.3
Week 5 Trade and domestic politics Oatley. Ch 4–5; 2. Gilpin. Ch. 7;
Week 6 Development. Response paper #1 due Oatley Ch. 6–7; Gilpin Ch. 6.; FLB Ch. 26–28
Week 7 Midterm exam
Week 8 MNCs and FDI Oatley Ch. 8–9; Gilpin. Ch. 11; FLB. Ch. 9–12
Week 9 International monetary politics Oatley. Ch. 10–13; Gilpin. Ch. 9; FLB. Ch. 13–15; Eichengreen. Ch. 1–4
Week 10 International capital mobility. Response paper #2 due FLB. Ch. 17
Week 11 Financial crisis Oatley. Ch. 14–15; Gilpin. Ch. 10; FLB. Ch. 16
Week 12 Foreign aid. Response paper #3 due Gilpin Ch. 12
Week 13 Migration FLB. Ch. 23–25
Week 14 Globalization Oatley. Ch. 16; Gilpin Ch. 14
Week 15 Democracy. Final paper due. Gilpin Ch. 15
Assessment Methods and Criteria Evaluation Tool Quantity Weight Alignment with LOs
Final paper 1 30 1, 2, 3
Semester Evaluation Components
Midterm exam 1 20 1, 2, 3
Response papers 3 30 1, 2, 3
Participation 1 20 1, 2, 3
***     ECTS Credit Calculation     ***
 Activity Hours Weeks Student Workload Hours Activity Hours Weeks Student Workload Hours
Lecture hours 3 14 42 Home study 5 14 70
Response papers 6 3 18 Final paper writing 6 2 12
Midterm exam preparation 8 1 8
        Total Workload Hours = 150
*T= Teaching, P= Practice ECTS Credit = 6
Course Academic Quality Assurance: Semester Student Survey Last Update Date: 10/12/2020
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