2nd degree (Master)
Coordinator Office Hours:
Dr. Lior Herman
This course examines the international political economy from both global and European (EU) perspectives. Global and regional perspectives are analysed across empirical, analytical, and theoretical dimensions, as well as over time. The course emphasizes three core fields of international political economy, namely production, investment and multinational enterprises; international trade; and international capital and finance. Other issues discussed include regional integration, gender, environment, economic development and poverty.
The aim of the course is to provide students of international relations and European Studies (and others interested students) with the fundamentals and basic concepts of international political economy.
Learning outcomes - On successful completion of this module, students should be able to:
See course aims and description
Participation in classes is compulsory
Teaching arrangement and method of instruction:
Refer also to the full syllabus on the Moodle Website for further details
Introduction: International political economy and European political economy
Introduction: A historical overview the international political economy
Debate: The sources of globalization
The rise of regionalism
Europe's political economy from World War II till today
Conceptualising international political economy: International relations and paradigm
The state and the market in European political economy
Integration theories: Economics
Integration theories: Politics
The role of the state: East and West Europe
Production, investments and multinational enterprises
Debate: Does global production lead to the erosion of domestic regulation?
Debate: Who holds the bargaining power: the state of the MNC?
Debate: Natural resources, are they a blessing or a curse?
International trade and the EU's trade policy
Debate: How can we explain support and resistance to international trade (Part 1)
Debate: How can we explain support and resistance to international trade (Part 2)
Debate: How does international trade affect workers?
International trade (continued)
The role of institutions
Capital and international finance
Debate: How can exchange rates regime cooperation be explained?
Monetary cooperation: European Economic and Monetary Union and the Theory of Optimum Currency Areas
Debate: Do hegemonies force monetary regimes?
Debate: Efficiency, transparency and legitimacy, and the European Central Bank
Capital and international finance: Economic crises and the economic crisis in Europe
Comparative regionalism: Europe and Asia
Globalization and poverty
Globalisation and the environment; Conclusion
Most reading is concentrated in two (several copies are available at the library). These books have several editions, with substantial differences between them. Please take note, as to the correct edition you are using in accordance with the reading list.
The books are:
1. Frieden, Jeffry, Lake David and Lawrence Broz (eds.) (2010/17), International Political Economy: Perspectives on Global Power and Wealth (New York: WW Norton and Company) fifth edition. - This book is a collection of key articles on various subjects taught in the course. In many cases, you can find the original articles by searching directly on the web (particularly when connected to the university server). However, some of the articles in the book were edited and abridged (e.g. simplification and removal of technical analysis) and therefore variance may exist.
2. Oatley, Thomas (2012/19, International Political Economy: Interests and Institutions in the Global Economy (New York: Pearson). – This textbook contains the key issues covered in this course, and provides background, theoretical and empirical material.
The reading list is compulsory, except otherwise noted.
Additional Reading Material:
No additional reading material.
End of year written/oral examination 48 %
Presentation 0 %
Participation in Tutorials 0 %
Project work 44 %
Assignments 0 %
Reports 8 %
Research project 0 %
Quizzes 0 %
Other 0 %
Please note that the most updated (and binding) version of this syllabus is posted on the course Moodle website.