Bachelor
2024/2025
International Political Economy
Type:
Compulsory course (HSE University and Kyung Hee University Double Degree Programme in Economics and Politics in Asia)
Area of studies:
Foreign Regional Studies
Delivered by:
Faculty of World Economy and International Affairs
When:
1 year, 3, 4 module
Mode of studies:
offline
Open to:
students of one campus
Language:
English
ECTS credits:
3
Course Syllabus
Abstract
The idea of International Political Economy (IPE) covers the intersection of politics and economics as goods, services, money, people, and values move across borders and/or nations. More detailed, International Political Economy is a big research field that explores the multifaceted interaction between domestic and international factors as well as different political and economic forces that shape/change global agenda. Quantitative analysis forms the background of the IPE major. In order to test hypotheses, compare theories and study main trends in political economy, students should be competent in some aspects of statistics and econometrics. The topics include IPE theoretical perspectives, international trade theories and regimes, introduction to the macroeconomic analysis, global monetary and financial systems, cross-border investment and production, international development, and various globalization issues. Some of important contemporary IPE issues will be substantively discussed during the class with mandatory/voluntary student presentation.
Pre-requisites/Пререквизиты
1. Mathematics for Economics and Business
2. Introduction to Economics
3. Introduction to Political Science
4. Economic & Political Geography of Southeast Asia
Learning Objectives
- Understand the key topics, concepts, and issues of IPE
- Differentiate various theoretical perspectives of IPE
- Understand global/regional trade regimes and related IPE issues
- Examine the international monetary and financial relations and the mechanism of global financial crisis
- Understand the meaning of key macroeconomic indicators: national income and output, unemployment, inflation, export/import
- Explore the debates over globalization and its impacts
- Examine the causes and possible consequences of the growing global tension
- Understand the mutual influence of economic and political factors for decision-making by states or other entities (players)
Expected Learning Outcomes
- Able to think critically and interpret the experience (personal and of other persons), relate to professional and social activities
- Able to solve professional problems based on synthesis and analysis
- Improve ability to analyze key prerequisites that determine decision-making process
- Make a forecast of the economic development taking into account factors of financial crisis and geopolitical tension
- Train and advance skills, techniques, and capacities for constructing, presenting, and persuading arguments
- Evaluate a role of international organizations and value of core macroeconomic indicators
- Improve skills of cause-and-effect relationships, assessment of political and socio-economic events, identification of their links with the civilizational context
- Determine trends and patterns of complex development at the global, regional, national-state, and local levels
Course Contents
- Section 1. What is IPE?
- Section 2. Theoretical Perspectives of IPE
- Section 3. International Collaboration and Coordination (I)
- Section 4. International Collaboration and Coordination (II)
- Section 5. Domestic Politics and IPE (I)
- Section 6. Domestic Politics and IPE (II)
- Section 7. International Trade theory and Global Trade regimes
- Section 8. Regionalism and Regional Trade regimes
- Section 9. International Monetary and Financial Regimes (I)
- Section 10. International Monetary and Financial Regimes (II)
- Section 11. Global Financial Crisis (I)
- Section 12. Global Financial Crisis (II)
- Section 13. Key issues of Globalization (I)
- Section 14. Key issues of Globalization (II)
Assessment Elements
- QuizesQuizes consist of 10-15 questions and are needed for operational control of students’ knowledge. To prepare for quizes, it is enough to repeat the material given in the lectures.
- Research works
- Attendance
- Presentations
- Final examFinal Exam takes place in written format; students should complete a test broadly consisting of 50 questions, and some of them do not mean choosing one of the given options, but a detailed written response. The time allotted for the test is 2 hours, and the maximum result is 2 points.
- ReportsThis assignment is fulfilled without preparation in advance (at home), and involves a students’ performance. Oral part includes a speech up to 10-15 minutes, where consistency of information expounded, and the presence of the authors’ opinion is highly appreciated. Criteria for rating see in grade’s scale.
- Case-studies
- DebatesIt is planned to discuss the topics proposed by the teacher on the essential basis of good knowledge of the material, respectful attitude to an opponent and accurately answer questions.
- Written tasksThe volume of the essay or other similar written work is 2-3 pages. Page-by-page links to sources and literature are obligatory required; at the end, a general list of references should be placed. Free language and academic standards of working with data, narration and citation will be an advantage. Criteria for rating see in grade’s scale.
- Analytical tasksThis assignment is also fulfilled without preparation in advance (at home), and involves a students’ performance. It is necessary to comprise a policy brief on the specified topics, preferably with visualization of outcomes. Oral part includes a speech up to 10-15 minutes. Criteria for rating see in grade’s scale.
Interim Assessment
- 2024/2025 4th module0.1 * Analytical tasks + 0.05 * Attendance + 0.1 * Case-studies + 0.1 * Debates + 0.2 * Final exam + 0.1 * Presentations + 0.05 * Quizes + 0.1 * Reports + 0.1 * Research works + 0.1 * Written tasks
Bibliography
Recommended Core Bibliography
- Global political economy ed. by John Ravenhill. (2011).
- Oatley, T. H. (2019). International Political Economy : Sixth Edition (Vol. Sixth edition). New York, NY: Routledge. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=1753151
- Theodore H. Cohn. (2016). Global Political Economy : Theory and Practice: Vol. Seventh edition. Routledge.
Recommended Additional Bibliography
- Breslin, S., & University of Warwick. (2002). New Regionalism in the Global Political Economy : Theories and Cases. London: Routledge. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=96454
- Gilpin, R., & Gilpin, J. M. (2001). Global Political Economy : Understanding the International Economic Order. Princeton, N.J.: Princeton University Press. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=340193
- International Political Economy : Perspectives on Global Power and Wealth Frieden, Jeffry A.; Lake, David A. Routledge 2002 ISBN: ISBN number:9780415222792, ISBN number:9780203518588
- John Ravenhill. (2014). Global value chains and development. Review of International Political Economy, (1), 264. https://doi.org/10.1080/09692290.2013.858366
- Linsi, L., Metinsoy, S., Egger, C., Fuller, G., & Voelkner, N. (2020). The Covid-19 Pandemic:Continuity and Change in the International Political Economy. Globalisation Studies Groningen.
- Palan, R. (2013). Global Political Economy : Contemporary Theories. New York: Routledge. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=573557
- The Oxford Handbook of the Political Economy and International Trade / ed. by Lisa L. Martin, 2015 DOI: 10.1093/oxfodhh/9780199981755.001.001