Political Science 463

POSC 463
International Political Economy

Catalog Entry

POSC 463. International Political Economy. (IR)
Three hours lecture (3).

Prerequisite: POSC 140 for non-POSC majors/minors or POSC 140 and OPSC 290 for OPSC majors/minors.

Analysis of the political impact of economic relationships among nation-states and between nation-states, subnational organizations and supranational organizations. Topics covered include international trade, international monetary relations, imperialism, dependency, multinational corporations and the politics of natural resources.


Detailed Description of Content of Course

Course content will be drawn from the following topics:

I. Historical Overview of the Modern World Economy

A. Mercantilism
B. The Rise of Capitalism
C. Imperialism
D. The Socialist Challenge
E. The New World Order

II. Contemporary Issues

A. International Trade

1. Free trade and protectionism
2. Trade issues among developed nations
3. Trade with and among developing nations

B. International Monetary Relations

1. The history of current monetary institutions
2. Important issues in monetary management
3. The international debt crisis
4. The rise of the Euro

C. North/South Issues

1. Dependency and development
2. The politics of natural resources
3. The New International Economic Order
4. The neo-liberal revival

D. The Role of Multinational Corporations

III. Dependence and Interdependence--The Impact on International Relations

A. The Decline of the Nation-State?
B. Economics and Political Power--A Reconsideration
C. Managing Interdependence


Detailed Description of Conduct of Course

This course focuses on discussion of selected texts and includes some background information provided in lectures. There is usually a textbook or reader used to address basic issues. This is supplemented by books which address specific areas in more detail.


Goals and Objectives of the Course

1. Teach students the basic vocabulary of the subfield.
2. Introduce students to the major areas of IPE and suggest discuss their impact on politics
3. Encourage the students to think about the relationship between the U.S. economy and those of the rest of the world.
4. Discuss the impact of the increasing emphasis on economics and economic interdependence on the traditional foci of international relations.


Assessment Measures

Students will have in-class and take-home essay examinations and papers analyzing arguments presented in the assigned texts. Occasionally students may be asked to keep a notebook of informal writings that focus on contemporary issues.


Other Course Information



Review and Approval

Feb.1999 Revised to reflect course content M. J. Franck, Dept. Chair