International Political Economy

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

This course brings together politics, economics and international relations on issues relevant to the global economy that affect important policy issues. The IPE is an interdisciplinary academic field within international relations

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

Learning outcomes (at course level)

Learning and teaching strategies

Assessment Strategies

Paper Code

Paper Title

MIR 423-A

International Political Economy

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

CO81:  consider prevailing trends in the domestic and international politics influencing the economic relations between states.

CO82:  identify potential roles of the economic institutions in the working of international political landscape.

CO83:  research questions in international political economy and to formulate arguments in defence of a position

CO84:  engage in complex working of politico-economic institutions with an enhanced knowledge. 

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

                                         Course Objectives (CO)

 

 

12.00
Unit I: 
Unit- I

Conceptual concerns- Definitions, Nature, assumptions, Scope

 

12.00
Unit II: 
Unit- II

Approaches: Realist; Liberal, Marxist

 

12.00
Unit III: 
Unit- III

Global Economic Governance: WTO, IMF, GATT; NIEO

MNCs and FDI

 

12.00
Unit IV: 
Unit- IV

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

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

 

12.00
Unit V: 
Unit- V

Politics of Global imbalances- global south & global north

Energy, Environment, International Migration

 

Essential Readings: 

Essential Readings:

  • Balaam, D., &Dillman, B. (2011). Introduction to International Political Economy (5 ed.). New Jersey: Pearson Education
  • Cohn, T. H. (2010). Global Political Economy: Theory and Practice (5 ed.). New Jersey: Pearson Education
  • Gilpin, R. (2000). The Challenge of Global Capitalism: The World Economy in the 21st Century. Princeton and Oxford: Princeton University Press
  • Ravenhill, J.(2005)Global Political Economy. New York: Oxford University Press
  • Strange, S. (1996). The Retreat of the State: The Diffusion of Power in the World Economy. New York: Cambridge University Press
  • Baylis, J. &Smith S.(2005). The Globalization of World Politics. New Delhi: Oxford University Press

 

References: 

Reference Books:

  • Baker, A. (2008).Governing Financial Globalization: International Political Economy and Multi-Level Governance. London:Routledge
  • 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
  • Hoekman, B. &Kostecki M. (2009). The Political Economy of the World Trading System: The WTO and Beyond. Oxford: Oxford University Press
  • Karns, M. &Mingst K. (2005)International Organizations: The Politics and Processes of Global Governance. New Delhi: Viva Books
  • Narlikar, A. (2005)The World Trade Organisation: A Very Short Introduction. New Delhi: Oxford University Press
  • World Trade Organization (2007) World Trade Report 2007 .Geneva: WTO
  • Gilpin, R. (2001)Global Political Economy: Understanding the International Economic Order, Princeton: Princeton University Press
  • Przeworski, A. (2003). States and Markets: A Primer in Political Economy. New York: Cambridge University Press
  • Cohen, B. (2003) The Future of Money Princeton: Princeton University Press
  • O’Brien & Williams (2004) Global Political Economy: Evolution and Dynamics. New York; Palgrave

 

Academic Year: 
2020-21
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