Understanding the International Economic Order, 2017

Understanding the international economic order, 2017

Corvinus University of Budapest

Gábor Kutasi, gabor.kutasi@uni-corvinus.hu, associate professor

Aims of the class

The class examines the relationship between economic and political power and wealth in the development and functioning of the modern world economy. We focus on the ways in which economic, political and social forces affect the policy choices of states, firms and atomized individuals in international trade, investment, and monetary affairs. However, following the tradition of international political economy, we will also explore how international economic forces influence national policy-decisions, how the globalised world economy may alter the national competitiveness of individual states.

The main premise of this module is that neither international politics nor international economics can be understood in isolation from one another. It is essential that we see how power, money and markets are intertwined. To this end, students must possess at least a rudimentary understanding of economics. This serves as a basis for learning how to think about the world economy, in particular understanding the many ways interdependence operates.

Assessment

- Attendance and activity of seminars (20% = 10% for at least 9 times full participation + max 10% for activity)

- exam, written, 50%

- 20-30 minutes long project work (2-3 persons/ group) max 30%

Topics of classes

7th Sept. Political Economy theories, The global economic order

Seminar: case studies on the spot

14th Sept., Economic growth, development and underdevelopment

Seminar: case studies on the spot

21nd Sept. International trade system problem

Seminar: case studies on the spot

28th Sept. Political economy of international organizations. Game and decision theory of international political economy, international Common Pool Resource

Seminar: Project presentations by students, project 1 & 2

5th Oct. . International monetary system and regimes, International financial system, institutions and crises

Seminar: Project presentations by students, project 3 & 4

12th Oct. International related aspects of poverty, concept of human development

Seminar: Project presentations by students, project 5 & 6

19st Oct. Participation in EAEPE International conference, details later.

26th Oct prof. Stephan Wirtz Class

9th Nov. Global powers,  Role of the nation state, national competitiveness in a globalized world, Neoliberal vs. Developer State models, Global crisis and national governance, Global governance, regional governance Role, benefits, purposes of regional integrations,

Seminar: Project presentations by students, project 7 & 8

16th Nov. International flux of labour,

Seminar: Project presentations by students, project 10 & 11

23rd Nov. Game and decision theory of international political economy, Common Pool Resource problem

Seminar: Project presentations by students, project 11 & 12

30th Nov. Behaviour and strategy of Multinational Companies (MNCs), Relation of States and MNCs

Seminar: case studies on the spot

7nd Dec. Consultation, summary of the semester

Seminar: case studies on the spot