Last update: Dr. rer. pol. Michal Parízek, M.Sc., Ph.D. (01.09.2023)
In this course, students examine the relationship between international economics and international politics. How do the economic relations among states and non-state actors impact on international politics, and how do political concerns of states impact on the flows of goods, services, and finance across the globe? We discuss the relationship between market exchange and political institutions, and we cover such topics as international trade and its political consequences, international finance, and further globalization processes.
Aim of the course
Last update: Dr. rer. pol. Michal Parízek, M.Sc., Ph.D. (01.09.2023)
The specific objectives of the course are:
to help students understand the relationship between international economics and politics
to familiarize students with the fundamentals of economic reasoning in matters of international economic relations
to discuss the key challenges experienced by and lying ahead of the globalized (political) economy
to motivate students to study the subject matter further
Course completion requirements
Last update: Dr. rer. pol. Michal Parízek, M.Sc., Ph.D. (01.09.2023)
Successful completion of the course requires first and foremost active participation and interest in the subject matter. On the formal level, this means you will need to:
regularly attend classes
after each session, read carefully all the assigned compulsory readings and answer the questions of the homework assignments on the course Moodle site (accounts for 30% of the grade)
pass the final exam (based on the classes and assigned readings; accounts for 70% of the grade)
The following standard Faculty grading scheme is applied:
100-91: A
90-81: B
80-71: C
70-61: D
60-51: E
50 or less: F (fail)
at least 51% need to be reached in each core grade component, so both in regular assignments, and in the final exam individually
Literature
Last update: Dr. rer. pol. Michal Parízek, M.Sc., Ph.D. (01.09.2023)
Class textbook:
John Ravenhill, ed., Global Political Economy, 5th ed. (Oxford: Oxford University Press, 2017)
Additional readings:
Paul Collier, The Bottom Billion: Why the Poorest Countries Are Failing and What Can Be Done About It (Oxford: Oxford University Press, 2008).
Francis Fukuyama, State-Building : Governance and World Order in the 21st Century (Ithaca: Cornell University Press, 2004).
Robert Gilpin, Global Political Economy: Understanding the International Economic Order (Princeton University Press, 2001).
Benjamin Goldsmith, “International Finance,” in Handbook of International Relations, ed. Walter E. Carlsnaes, Thomas Risse, and Beth A. Simmons (London: Sage Publications Ltd, 2002).
Peter A. Hall and David Soskice, Varieties of Capitalism: The Institutional Foundations of Comparative Advantage (Oxford: Oxford University Press, 2001).
David Held and Anthony G. McGrew, eds., Governing Globalization: Power, Authority and Global Governance (Cambridge: Polity, 2002).
Paul R. Krugman and Maurice Obstfeld, International Economics, 6th ed. (Boston: Addison Wesley, 2003).
Thomas H. Oatley, International Political Economy (Boston: Longman, 2012).
Joseph E. Stiglitz, Globalization and Its Discontents, 1 edition (New York: W. W. Norton & Company, 2002).
Teaching methods
Last update: Dr. rer. pol. Michal Parízek, M.Sc., Ph.D. (01.09.2023)
In principle this is a lecture course, so a sizable lecture component, the purpose of which is to explore analytically the nature of each of the topics, will be present in the classes.
Syllabus
Last update: Dr. rer. pol. Michal Parízek, M.Sc., Ph.D. (01.09.2023)
International economic relations and global political economy
Economics 101: supply, demand and market exchange
Economy, politics, and society
International trade and interdependence
Trade, domestic politics and globalization
International finance
Rising powers and the challenge to the liberal international order?
Globalization discontents and backlash
COVID-19, Ukraine war, and de-globalization
Information age and the 4th industrial revolution
State-building, development, and poverty
Conclusion and review
Registration requirements
Last update: Dr. rer. pol. Michal Parízek, M.Sc., Ph.D. (29.09.2023)
This course is exclusively available to the students of the programme MAIN - Master in International Relations. Students of other programmes, or exchange students, cannot take it.
