Cohn, Theodore. 2015. Global political economy: Theory and Practice. 7 edition: Routledge.
Oatley, Thomas H. 2012. International political economy. 5th ed., International ed. Boston: Longman/Pearson Education.
About the course
This is an introductory course in Global Economic Governance and International Political Economy (IPE). The course will provide the students with a basic understanding of functioning of global economic structures and processes and of how economics and politics interact with each other. In terms of methods, the course will be both theory-driven and policy-based: each of the sessions will include a major IPE theory as well as a practical example from recent political developments such as world financial crisis, Eurozone crisis, emergence of the BRICS states, power shift from West to East, humanitarian aid and new forms of developmental policies, transformation of international financial institutions etc. Theoretically, the course will include traditional IPE theories such as mercantilism, liberalism and Marxism as well as hegemonic stability theory, the concepts of public goods and free riding, the spatial theory and many others.
The course begins with a detailed description of the current system of global economic governance. It will explore the key institutions, regimes, and alliances which are the drivers of contemporary economic and trade globalization. The second part of the seminar will be devoted to the comparative analysis of the “Grand strategies” of the key global economic actors: the USA, China, India, EU, Germany, UK, Russia, Japan as well as a number of international and regional organizations. Each of these actors has a unique approach to global economic governance but they also share common objectives and use similar means to achieve them. The course is theory-driven and combines empirical cases with theoretical insights. Each of the session will utilize a number of key theories from the realm of International Political Economy such as Mercantilism/Realism, Marxism/Neomarxism, Liberalism, Feminism and Constructivism.