Unit information: International Political Economy in 2020/21

Unit name	International Political Economy
Unit code	POLIM3015
Credit points	20
Level of study	M/7
Teaching block(s)	Teaching Block 1 (weeks 1 - 12)
Unit director	Dr. King
Open unit status	Not open
Pre-requisites	None
Co-requisites	None
School/department	School of Sociology, Politics and International Studies
Faculty	Faculty of Social Sciences and Law

Description including Unit Aims

This unit deals with the interaction between international politics and the world economy that is the core concern of International Political Economy (IPE). It begins by examining a variety of theoretical approaches to IPE. Students are given an opportunity to use them as conceptual tools with which to articulate a critical treatment of the architecture of the changing economic order. In particular the trend toward regionalisation and globalisation of the already existing international system is considered alongside its implications for the changing international order. This unit also highlights the current dilemma faced by the so-called LDCs (Less Developed Countries). Following the collapse of the Soviet Union, and the abandonment of non-market orientated growth strategies, much of the post-colonial world is now adopting free market, liberalisation strategies, yet there remains significant evidence to suggest that LDCs have yet to reap the benefits held out to them by institutions such as the IMF and the World Bank. This unit is only available to students registered for MSc/Diploma degrees in the Department of Politics. Please note that the Department does not permit the auditing of any of its units.

This unit aims to:

• To become familiar with issues that arise from the interaction of international economic and political structures

• To provide an introduction to several conceptual approaches to international political economy

• To assess the significance of recent changes in the global economy

• To facilitate a critical treatment of leading issues in international political economy.

Intended Learning Outcomes

On successful completion of the unit the student should have:

1. An understanding of the basis on which organisations, companies and national states interact with international markets
2. An ability to offer a conceptually coherent critique of normative arguments for re–structuring and governing the international economy
3. Knowledge of some of the contemporary history of changes in the international economy
4. An ability to integrate empirical evidence into conceptually grounded arguments

Teaching Information

The unit will be taught through blended learning methods, including a mix of synchronous and asynchronous teaching activities

Assessment Information

10% participation 25% presentation 65% 2500 word essay

Reading and References

• Balaam, D. & Veseth, B. Introduction to International Political Economy, (2nd edition), Prentice Hall, 2000

• Bromley, S. & Mackintosh, M. & Brown, W. & Wuyts, M. (eds), Making the International:

Economic Interdependence and Political Order, Pluto Press, 2003

• Friedman, T The Lexus and the Olive Tree: Understanding Globalization, Harper Collins, 2000

• Gilpin, R. Global Political Economy: Understanding the International Economic Order, Princeton, 2001

• Stiglitz, E. Globalization and its Discontents, Penguin, 2002

• Stubbs & Underhill, Political Economy and the Changing Global Order, (2nd Edition), Oxford University Press, 2000