International Political Economy

Paper Code: 
24MIR 423- A
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

Course Objectives: The objectives of this course are to familiarize with the theories and dynamic linkages among markets, states and institutions, and civil society in the regional and global context; perceive political foundations and consequences of the contemporary world economy; and gain the understanding of the significance of increased transnational economics in relations between governments

Course Outcomes: 

Course Outcomes (COs):

Course

Learning outcomes (at course level)

Learning and teaching strategies

Assessment Strategies

Course Code

Course Title

24MIR 423-A

International Political Economy (Theory)

Upon completion of this course, students will be able to:

CO127: define the conceptual concerns of international political economy and understand its interdisciplinary nature.

CO128: analyze various approaches to international political economy, and understand how these perspectives shape the understanding of global economic relations.

CO129: identify potential roles of the economic institutions in the working of international political landscape.

CO130: understand regionalism in the context of international political economy, analyzing regional blocs. Also examine the impact of globalization on domestic politics and the roles of states and political actors in a globalized economy.

CO131: analyze the politics surrounding global imbalances between the Global South and the Global North, and examine key issues in the context of international political economy.

CO132: Contribute effectively in Course specific interaction.

Approach in teaching:

Interactive Lectures, Discussion, Tutorials, Reading assignments, Power Point Presentation

Learning activities for the students:

Self-learning assignments, Effective questions, Seminar presentation, Giving tasks.

Class test, Semester end examinations, Quiz, Solving problems in tutorials, Assignments, Presentation, Individual and group projects

 
12.00
Unit I: 
Conceptual concerns

 

Conceptual concerns- Definitions, Nature, assumptions, Scope 

12.00
Unit II: 
Approaches (12 Hours)

 

Approaches: Realist; Liberal, Marxist

12.00
Unit III: 
Global Economic Governance

 

Global Economic Governance: WTO, IMF, GATT; NIEO

MNCs and FDI

12.00
Unit IV: 
Regionalism and Globalisation

 

Regionalism in International Political Economy- ASEAN, EU, NAFTA, SAFTA

Globalisation and domestic politics; States and Political actors in globalised economy

12.00
Unit V: 
Global imbalances

 

Politics of Global imbalances- global south & global north

Energy, Environment, International Migration & Technology

Essential Readings: 

Ø  Balaam, D., &Dillman, B. (2011). Introduction to International Political Economy (5 ed.). New Jersey: Pearson Education

Ø  Cohn, T. H. (2010). Global Political Economy: Theory and Practice (5 ed.). New Jersey: Pearson Education

Ø  Gilpin, R. (2000). The Challenge of Global Capitalism: The World Economy in the 21st Century. Princeton and Oxford: Princeton University Press

Ø  Ravenhill, J.(2005)Global Political Economy. New York: Oxford University Press

Ø  Strange, S. (1996). The Retreat of the State: The Diffusion of Power in the World Economy. New York: Cambridge University Press

Ø  Baylis, J. &Smith S.(2005). The Globalization of World Politics. New Delhi: Oxford University Press

References: 

Ø  Baker, A. (2008).Governing Financial Globalization: International Political Economy and Multi-Level Governance. London:Routledge

Ø  Burnell, P. & Randall, V. (2005). Politics in the Developing World. Oxford: Oxford University PressDunn, B. (2001).Global Political Economy: A Marxist Critique. London: Pluto Press

Ø  Hoekman, B. &Kostecki M. (2009). The Political Economy of the World Trading System: The WTO and Beyond. Oxford: Oxford University Press

Ø  Karns, M. &Mingst K. (2005)International Organizations: The Politics and Processes of Global Governance. New Delhi: Viva Books

Ø  Narlikar, A. (2005)The World Trade Organisation: A Very Short Introduction. New Delhi: Oxford University Press

Ø  World Trade Organization (2007) World Trade Report 2007 .Geneva: WTO

Ø  Gilpin, R. (2001)Global Political Economy: Understanding the International Economic Order, Princeton: Princeton University Press

Ø  Przeworski, A. (2003). States and Markets: A Primer in Political Economy. New York: Cambridge University Press

Ø  Cohen, B. (2003) The Future of Money Princeton: Princeton University Press

Ø  O’Brien & Williams (2004) Global Political Economy: Evolution and Dynamics. New York; Palgrave

Academic Year: