(1) GENERAL
SCHOOL
Economic , social and political studies
ACADEMIC UNIT
Department of economics
LEVEL OF STUDIES
undergraduate
COURSE CODE
ΝΚ54Α
SEMESTER
fifth
COURSE TITLE
International political economy
INDEPENDENT TEACHING ACTIVITIES
WEEKLY TEACHING HOURS
CREDITS
6
6
Add rows if necessary. The organisation of teaching and the teaching methods used are described in detail at (d).
COURSE TYPE
Special background-specialised knowledge
PREREQUISITE COURSES:
Introductory macroeconomics, introductory microeconomics
LANGUAGE OF INSTRUCTION and EXAMINATIONS:
Greek
IS THE COURSE OFFERED TO ERASMUS STUDENTS
Yes ( in English)
COURSE WEBSITE (URL)
http://www.econ.duth.gr/undergraduate/lessons/e2.shtml
(2) LEARNING OUTCOMES
COURSE CONTENT
This course deals with the interaction between international politics and the global economy that is the core concern of International Political Economy. It examines a variety of theoretical approaches to IPE. Students are given an opportunity to use them as conceptual tools with which to critically assess the content of the world economic order.
METHODS
The following methods will be outlined and used in the course:
1. Lectures
2. Essay writing
3 Essay presentation
OBJECTIVES
1. To become familiar with issues that arise from the interaction of international economic and political structures
2. To provide an introduction to several conceptual approaches to international political economy
LEARNING OUTCOMES
1. An ability to integrate empirical evidence into conceptually grounded arguments
TEACHING ARRANGEMENTS
The course will be taught in thirteen four hour lectures in weeks 1-13, followed by thirteen two hour seminars.
General Competences
1.decision making in complex European and international economic problems
2.knowledge of methodological tools in political economy
3.search for analysis
SYLLABUS
1.International political economy main hypotheses-special traits of involved economic agents
2.Main methodological approaches in international and European political economy (neoclassical.keynesian,institutional,Marxist,realist,constructivist)
3.International trade issues and world trade organization
4. International trade issues and world trade organization
5.International macroeconomic coordination
6. International monetary cooperation
7.International debt issues and policy options for states (imf role)
8. International debt issues and policy options for states (world bank role)
9.Economic transition analysis
10.Economic adjustment policy and issues (euro area)
11. Economic adjustment policy and issues(Latin America)
12.International economic sanctions
13.G20 and G8 as non institutional forms of economic cooperation
(3) TEACHING and LEARNING METHODS – EVALUATION
DELIVERY Face-to-face, Distance learning, etc.
Lectures
USE OF INFORMATION AND COMMUNICATIONS TECHNOLOGY
e-class platform
TEACHING METHODS
The manner and methods of teaching are described in detail.
Lectures, seminars, laboratory practice, fieldwork, study and analysis of bibliography, tutorials, placements, clinical practice, art workshop, interactive teaching, educational visits, project, essay writing, artistic creativity, etc.
The student’s study hours for each learning activity are given as well as the hours of non-directed study according to the principles of the ECTS
Activity
Semester workload
lectures
52
Seminars-case studies
26
Student assignments
26
Student study
46
Course total
150
STUDENT PERFORMANCE EVALUATION
Description of the evaluation procedure
methods of evaluation, summative or conclusive,
1.Written examination (in Greek)
2.Essays
3.Presentation of essays
multiple choice questionnaires, problem solving, written work, essay/report, oral examination,
Specifically-defined evaluation criteria are given, and if and where they are accessible to students.
They are analysed during the first lecture
(4) BIBLIOGRAPHY
Weeks 1-2
Baker Andrew, 2006, American Power and the Dollar: The constraints of technical authority and Declaratory Policy in the 1990‘s, New Political Economy, 11 (1): 1-46.
Bernhard William, Broz Lawrence, Clark William Roberts, 2002. The Political Economy of Monetary Institutions, International Organization, 56 (4): 693-723.
Cox Robert W, 1983, Gramsci, hegemony and international relations: an essay in method, Millennium Journal of International Relations, 12(2): 162-175.
Friedman T, 1999. The Lexus and the Olive tree: understanding Globalization New York: Farrar, Straus, Giroux.
Germain Randall O, 1997, The International Organization of Credit: Status and global finance in the Word Economy, New York: Cambridge University Press.
Gill Stephen, 1995, Globalization, market civilization and Disciplinary Neoliberalism, millennium journal of international studies, 24(3): 399-423.
Gill Stephen, 1998, New Constitutionalism Democratisation and Global Political Economy, Pacifica Review, 10(1):23-38.
Gowan P, 2001, Neoliberal Cosmopolitanism, New left Review, (11): 79-93.
Kapstein E.B., 1994, Governing the global economy: international finance and the state, Cambridge MA: Harvard University Press.
Payne Anthony, 2005, The study of Governance in a Global Political Economy, στο Nicola Phillips (επιμ.), Globalizing International Political Economy, New York,
Palgrave Macmillan, σελ. 55-81.
Pauly L. W, 1997, Who elected the bankers. Surveillance and control in the world economy, Ithaca, Cornell University Press.
Porter T, 2001, The democratic deficit in the institutional arrangements for regulating global finance, Global Governance, (7): 427-439.
Ruggie John Gerard, 1998, Constructing the World Polity: Essays on International Institutionalism, N. York, Routledge.
Stiglitz J, 2000, What I learned at the world Economic Crisis, The New Republic, April 17:56-61.
Webb M, 1995, The Political Economy of Policy Coordination, Ithaca, Cornell University Press.
Widmaier W., 2003. Constructing Monetary Crises: Monetary Understandings and State Interests in cooperation, Review of International Studies, (29): 61-77.
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Χαζάκης Κωνσταντίνος, 2007, Παγκόσμια Οικονομική Ηγεμονία ή Συνεργασία; Ο ρόλος της ομάδας των οκτώ πιο ανεπτυγμένων χωρών, Αθήνα, Παπαζήσης.
Weeks 3-4
Caves Richard E. – Frankel Jeffrey A. – Jones Ronald W, (1993), “World Trade and Payments: An Introduction”, N – York, Harper Collins College Publishers, sixth edition.
Paul Collier, 2006, why the W.T.O. is deadlocked: And what can be done about it, The World Economy.
Arwel Davies, 2006, Reviewing dispute settlement at the World Trade Organization: A time to reconsider the role of Compensation?, World Trade Review, (5): 31-67
Dilip K. Das, 2006, The Doha round of multilateral negotiations and the embellishing role of the developing economies, The International Trade Journal, xx, no 3.
P. Guerrieri and D. Dimon, 2006, The trade regionalism of the United States and the European Union: Cooperative or Competitive strategies? The International Trade Journal, vol. xx, no 2.
A. Narlikar, 2006, Fairness in International Trade Negotiations: Developing countries
in the GATT and WTO, The World Economy,
Weeks 5-6
Arrow Kenneth J, (1986), “Rationality of Self and Others in an Economic System”, Journal of Business, 59, October, p.p.385-399.
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Canzoneri Matthew B. and Patrick Minford, (1988), “When International Policy Coordination Matters: An Empirical Analysis”, Applied Economics, vol. 20, September, p.p. 1137-1154.
Caporaso James A., (1992), “International Relations theory and Multilateralism: The Search for Foundations”, International Organization, vol. 46, Summer, p.p. 599-632.
Cerny, Philip G, (1993), “The Political Economy of International Finance”, In: “Finance and World Politics”, (P. Cerny, ed.), Aldershot, E. Elgar, p.p. 3-19.
Currie David, (1990), “International Macroeconomic Policy coordination: Survey and Prognosis”, in “The International Financial Regime”, (Graham Bird, edit), London, Surrey University Press, p.p. 283-305.
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Funabashi Y, (1988), “Managing the Dollar: From the Plaza to the Louvre”, Washington D.C, Institute for International Economics, 2nd Edit.
Grieco J., (1990), “Cooperation Among Nations: Europe, America and non-tariff barriers to trade”, Ithaca: Cornell University Press
Group of Thirty, (1988), “International Macroeconomic Policy Coordination”, New
York, Group of Thirty.
Hajnal Peter I. (1999), “The G7/G8 System: Evolution, Role and documentation”, Ashgate, Aldershot, Brookfield, USA
Horne Jocelyn and Paul R. Masson, (1988), “Scope and limits of International Economic Cooperation and Policy Coordination”, International Monetary Fund Staff Papers, vol. 35, June, p.p. 259-296.
Kindleberger, Charles P, (1987), “The World in Depression, 1929-1939”, Harmondsworth, Penguin.
Masson Paul R, (1993), “Policy Coordination: How is it affected by uncertainty”, Finance and Development, December, p.p. 34-37.
Olson Mancur, (1971), “The Logic of Collective Action: Public goods and the theory of groups”, Cambridge, Mass., Harvard University Press, 2nd Edition.
Oudiz, Gilles and Jeffrey D. Sachs, (1984), “Macroeconomic Policy Coordination among the industrial Economies”, Brookings Papers on Economy Activity, no 1, p.p. 1-64.
Putnam Robert D and C. Randall Henning, (1989), “The Bohn Summit of 1978: A Case study in Coordination”, in “Can Nations Agree? Issues in International Economic Cooperation”, (R.N. Cooper – B. Eichengreen – G. Holtham et al, edit), Washington, D.C., Brookings Institution, p.p. 12-140.
Rogoff, Keneth S, (1985), “Can International Monetary Policy Coordination be counterproductive?”, Journal of International Economics, May, p.p. 199-217.
Taylor Michael, (1987), “The Possibility of Cooperation”, Cambridge and N. York, Cambridge University Press.
Vaubel Roland, (1985), “International Collusion or Competition for Macroeconomic Policy Coordination? A Restatement”, Recherches Economiques de Louvain, vol. 51, December, p.p. 223-240
Webb Michael C, (1991), “International Economic Structures, government Interests and International Coordination of macroeconomic adjustment Policies”, “International Organization, vol. 45, n. 3, Summer, p.p. 309-342.
Williamson John and Marcus H. Miller, (1987), “Targets and Indicators: A Blueprint for the International Coordination of Economic Policy”, Policy Analyses in
International Economics, No 22, Washington D.C., Institute for International Economics.
Weeks 7-8
Αtkeson A, (1991), “International lending with moral hazard and risk of repudiation”, Econometrica 59: 1069-1089
Bangura Sheku, Damoni Kitabire, Robert Powell, (2000), External Debt Management in Low-Income Countries, IMF Working Paper 00/196, Washington: IMF
Bayne, Nicholas (2000), Hanging in There: The G7 and G8 Summit in Maturity and Renewal, Aldershot: Ashgate
Berlage Iodewijk, Danny Cassimon, Jacques Dreze, Paul Reding, (2003), “Prospective Aid and Indebtedness Relief: A Proposal”, World Development, 31(10): 1635-1654
Butkiewicz James L, Halit Yanikkaya, (2005), “The effects of IMF and World Bank Lending on Long-Run Economic Growth: An Empirical Analysis”, World Development, 33(3): 371-391
Cline William R, (1983), International Debt and the Stability of the World Economy, Washington: Institute for International Economics
Collier Paul, (1999), “Learning from failure: The International Financial Institutions as Agencies of Restraint in Africa”, in The Self-Restraining State: Power and Accountability in New Democracies, edited by Andrea Schedler et al, Boulder: Lynne Rienner
Commission for Africa, (2005), Our Common Interest: Report of the Commission for Africa, March, London
Daseking Christina, Robert Powell, (1999), From Toronto Terms to the HIPC Institute: A Brief History of Debt Relief for Low-Income Countries, IMF Working Paper 99/142, Washington: IMF
Development Committee, (2004), Aid Effectiveness and Financing Modalities Background Paper”, DC 2004-0012/Add. 1, Washington: World Bank and International Monetary Fund
Dornbush R, (1989), Debt Problems and the World Economy, in Developing Country Debt and Economic Performance, edited by J.D. Sachs, p.p. 331-358. Chicago;
University of Chicago Press
Eaton, J, (1990), “Debt Relief and the International enforcement of loan contacts”, Journal of Economic Perspectives, 4; 43-56
Feldstein Martin, (1998), “Refocusing the IMF”, Foreign Affairs, 77(2): 20-33
Gilbert Christopher, Andrew Powell, David Vines, (1999), “Positioning the World Bank, Economic Journal, 109: F 598-633
Gunter Bernhard, (2003), Achieving Long-term Debt Sustainability in All Heavily Indebted Poor Countries, Paper prepared for the Intergovernmental Group of 24, XVI Technical Group Meeting in Trinidad and Tobago, February 13-14, Trinidad and Tobago
Hjertholm Peter, (2001), Debt Relief and the rule of thumb: Analytical history of HIPC Debt Sustainability targets, Paper prepared for WIDER Conference on Debt Relief, August 17-18, Helsinki
Higgott Richard, (2003), American unilateralism, foreign economic policy and the securitisation of Globalisation, Working Paper 124/03, September, Warwick: Center for the study of globalisation and regionalism, University of Warwick
International Monetary Fund and International Development Association, (2001), The Challenge of maintaining long-term external debt and sustainability, April 20, www/worldbank.org/ida/ida13docs.html, 7th June 2002
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Kapur Devesh, Richard Webb, (2000), Governance – Related conditionalities of the International Financial Institutions, G-24 Discussion Paper, Series 6, N. York – Geneva: UNCTAD
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revenue uncertainty”, International Economic Review, 17: 675-686
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Ndikumana Léone, (2004), “Additionality of debt relief and debt forgiveness, and implications for future volumes of official assistance”, International Review of Economics and Finance, 13: 325-340
Organisation for Economic Cooperation and Development, (2005), Official Development Assistance increases further – but 2006 targets still a challenge, April 11, www.oecd.org/document/3/0,2340, 1st July 2005
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UN Millenium Project, (2005), “Investing in Development: A Practical Plan to Achieve the Millenium Development Goals”, Overview, Millenium Project, New York: UN Publications
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Joint bank/Fund Staff Review of the PRSP approach, vol. I: Bilateral agencies and multilateral institutions, p.p. 201-216, February, Washington; IMF
Week 9
Aslund Anders, 1992, Post-Communist Economic Revolutions: How Big a Bang, The Center for International and Regional Studies, Washington.
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Weeks 10-11
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Week 12
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Week 13
Gros D. – Kluh Ulrich – Di Mauro B.W., 2009, Reforming the international financial system, Interconomics , March / April: 72-76.
Hazakis K., 2009, From Rambοuillet to Heilingendamm: The role of group-8 economic summits in global monetary architecture, Central European journal of international and security studies, vol. 3(1): 165-184.
Hazakis K., 2009, Ethics and economic transition: A reconsideration of critical issues, in R. Spinger – P. Chadraba (edit), Marketing and Business strategies for central and eastern Europe, University of Vienna, Department of economics, Vienna, p.p. 139-150.
IMF, 2003, International standards: Strengthening surveillance, Domestic Institutions and International Markets, IMF Public, Washington.
Κόντης Α., 2009, Ο Διεθνής ρόλος του Ευρώ: Διεκδίκηση Ηγεμόνας; Διεθνής και Ευρωπαϊκή Πολιτική, τευχ. 15: 268-304.
Mc Cleery R. – De Paolis F., 2008, The Washington Consensus: A post – Mortem, Journal of Asian Economics, vol. 19:438-446.
Mundell R., 2009, The world economy: Quo Vadis? Journal of policy Modeling, vol. 31:493-497.
Ruggie J., 1982, International Regimes, transactions and change: embedded liberalism in the postwar economic order, International organization, vol. 36 (2):379-416.
Χαζάκης Κ., 2007, Παγκόσμια Οικονομική Ηγεμονία ή Συνεργασία; Ο ρόλος της ομάδας των οκτώ πιο Αναπτυγμένων Χωρών, Παπαζήσης: Αθήνα.
White W., 2008, Past financial crises, the current financial turmoil and the need for a new macro financial stability framework, Journal of financial stability, vol. 4:307-312.