IPOE – 7221: International Political Economy
Fall 2024
Course Information
Course Duration: 14 weeks
Credit Hours: 4
Meetings: 2 times weekly
Location:
Prerequisites: None
Equivalent Courses: N/A
Exclusive Courses: N/A
Instructor Information
Instructor: Swetasree Ghosh Roy
Biography: PhD (LSU); MA, [Link] (JNU)
Email: swetasree@[Link]
Phone: +91 8930301476
Office: FOB, 5th Floor, 21(W)
Office Hours:
Homepage:
1. Course Description
While living in a globalized world, one cannot lose sight of the important nexus that lies
between state, market, institutions and civil society. On one side, one group of countries continue to exist
and suffer from debt crises, austerity measures of financial institutions, lack of concern for environment,
ethnic and religious wars. On the other side, we see countries where we find new dawn for alternate forms
of democracy, end of dynastic rules, emerging economies along with an increasingly vibrant middle class.
How are we to understand this current juncture that is apparently at a cusp of an abyss and at the same
time beginning of a new promising era? Is this the beginning of a new economic and political order? This
course aims at improving our understanding about these dynamics of multi-layered relationships that exist
between multiple stakeholders. The primary objective is to give students theoretical foundations to
comprehend the roles and behaviors of various international and regional organizations and how all these
affect domestic politics. The major goal of this course would be to identify and examine how economic
and political theories and tools juxtapose on fashioning interest groups, voters’ preferences, electoral
institutions, ideas and power politics which, in turn, advise policy outcomes.
2. Course Intended Learning Objectives(Aim)
Course Intended Learning Teaching and Learning Assessments/ Activities
Outcomes Activities
Students should be able to Class lectures and discussions Questions pertaining to
identify the main actors and on state, market, and society the role of various actors
processes in the global (non-state actors). in 4 structures of IPE in
economic order. end-term exam.
Student should be able to Class lectures and discussions Case analysis based on
comprehend and apply the on 4 theoretical premises of theoretical understanding.
theoretical frameworks in IPE – Neorealism, Liberalism,
analyzing current Mercantilism and
international affairs. Structuralism.
Students should be able to Class lectures and discussions Questions pertaining to
consider broad societal on state, market, and society the role of various actors
context in analyzing the (non-state actors). in 4 structures of IPE in
international affairs. end-term exam.
3. Scheme of Evaluation and Grading
Evaluation breakup
Internal breakup
• Reaction Papers (20 marks)
• Presentations (40 marks)
External breakup – End-term exam (40 marks)
Grade Definition
4. Academic Integrity
Attendance: will be followed according to the university norm.
Classroom Decorum: Entry to the lectures are not allowed 15 minutes after the start of the class.
Please be courteous to your classmates and do not disrupt the class after the first 15 mins.
Lecture Break: will have a short break of 5 mins.
Plagiarism: will be heavily penalized. All reaction papers are individual effort and will be run
through Turnitin. Research project might be a group activity based on discussion in class. Unless
specified, you are strongly recommended to do your own work.
5. Keyword Syllabus
Political economy; IMF; WB; WTO; WIPO
6. Course Material
Textbook
Balaam, David and Bradford Dillman, (2019) Introduction to International Political
Economy; 7th Edition; Pearson.
Recommended Materials:
• Goddard, Roe, Patrick Cronin Kishore Dash eds. (2005) International Political Economy:
State-Market Relations in Changing Global Order; 2nd Edition; Lynne Rienner
Publishers.
• Gilpin, Robert (2001) Global Political Economy: Understanding the International
Economic Order; Princeton University Press
• The Economist Magazine on a regular basis
Pre-requisites:
3rd year B.A. and M.A. students.
7. Session Plan
Session (with Date) General Topic Readings Approach/Pedagogy
Week 1 What is IPE? Balaam & Dilman (2019)
The nature of What is International Political
Political Economy, pp. 2-23
Economy
Cohen, B.J. (2007) “The
Transatlantic Divide: Why are
American and British IPE so
different?”; Review of
International Political
Economy, Vol. 14 (2).
Krasner, Stephen (1994)
“International Political
Economy: Abiding Discord”;
Review of International
Political Economy, Vol. 1 (1),
Spring.
Keohane, Robert (2009) “The
Old IPE and the New”;
Review of International
Political Economy, Vol. 16
(1), Feb.
Week 2 The Liberal Balaam & Dilman (2019) The
Perspective Economic Liberal
Perspective, pp. 25-47.
Taylor, L. (1997) “The revival
of the liberal creed – the IMF
and World Bank in a
globalized economy”: World
Development, Vol. 25 (2).
Week 3 Wealth and Balaam & Dilman (2019) The
Power: Mercantilist Perspective, pp.
Mercantilism 49-69
and Economic
Nationalism Lake, David (1987) “Power
and the Third World: Toward
a Realist Political Economy of
North-South Relations”;
International Studies
Quarterly, Vol. 31(2), June.
Viner, Jacob (1948) “Power
versus Plenty as Objectives of
Foreign Policy in the
Seventeenth and Eighteenth
Centuries,”; World Politics,
Vol. 1, Oct.
Lan, Xiaohuan and Ben G. Li
(2015) “The Economics of
Nationalism”; American
Economic Journal: Economic
Policy, Vol. 7, No.2, pp. 294-
325.
Week 4 Structuralism Balaam & Dillman (2019)
Economic Determinism and
Exploitation, pp. 71-93.
Resnick, Stephen and Richard
Wolff (1982) “Marxist
Epistemology: The Critique of
Economic Determinism”;
Social Text, No. 6.
World Association of Political
Economy (2012) “State,
Market, the Public in the 21st
century”; EPW Letters, Vol.
47, No. 26-27, Jun.
Week 5 Political Balaam & Dillman (2019) The
Economy of International Trade Structure,
Global Trade pp. 159-189.
Gilpin, R. (2001) Global
Political Economy. Princeton
University Press.
Copeland, Dale C. (1996)
“Economic Interdependence
and War: A Theory of Trade
Expectations”; International
Security, Spring 1996, Vol.
20, No. 4, pp. 5-41.
Week 6 International Balaam & Dillman (2019)
Monetary and International Finance and
Financial Monetary Structure, pp. 192-
Structure 219.
Tyabji, Amina (1985)
“Monetary Policies and
Financial Structures in
ASEAN”; Contemporary
Southeast Asia, Vol. 7 (3),
December.
Week 7 Midterm
Week 8 The Global Balaam & Dillman (2019) The
Security Global Security Structure, pp.
Structure 221-249.
“Confronting the Crisis of
Global Governance: Report of
the Commission on Global
Security, Justice and
Governance”; Commision on
Global Security, Justice and
Governance, The Hague
Institute for Global Justice
and The Stimson Center,
2015.
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Week 9 The Balaam & Dillman (2019) The
International International Knowledge
Knowledge Structure, pp. 252-278.
Structure
Week 10 International Balaam & Dillman (2019) The
Development Development Challenge, pp.
and ODA 282-309.
Cohn, T.H. (2010)
“International Development”
in Global Political Economy:
Theory and Practise. Pearson.
Pp. 296-340.
Rodrik, D. (2006) “Goodbye
Washington Consensus, Hello
Washington Confusion? A
Review of the World Bank’s
‘Economic Growth in the
1990s: Learning from a
Decade of Reform.’”; Journal
of Economic Literature, Vol.
44 (4).
Todaro, M.P. & S.C. Smith
(2011) “Comparative
Economic Development” in
Economic Development.
Harlow: Addison Wesley.
Week 11-12 Globalization Balaam & Dillman (2019)
and its Transnational Problems and
discontent Dilemmas, pp. 408-489
Stiglitz, J. (2006) “The
Promise of Development” in
Making Globalization Work.
London: Penguin Books.
Sachs, J. (2005) “Our
Generation’s Challenge” in
The End of Poverty:
Economic Possibilities for
Our Time. New York: The
Penguin Press.
Week 13 Revision Presentations
Week 14 End Term
