International Political Economy
MW 9:30 - 10.45
Prof. Fiona McGillivray
Office: 715 Broadway, 4th Floor, #452.
Office Hours: M 1.30-4.00
Welcome to International Political Economy. This course seeks to provide an introductory overview of the history, current status, and likely prospects of the IPE. During this term we will focus on contending theoretical approaches to understanding and explaining a variety of events in the IPE, for example, British mercantilism in the 1700's, NAFTA, EU-US trade disputes, the WTO, and the North-South development gap. I hope to supply the theoretical groundwork so that you can follow current news debates about these issues, know what is at stake for whom, and have some idea what kind of policies are more or less likely.
The course does not require any background in economics. Nonetheless, some familiarity with economic reasoning obtained from an introduction to economics will provide a head-start.
The course requirements are that you take two exams (40% and 60%). Please note that Exam I will be held on the 28th October during class time. The final exam, Exam II, will be held during final exam week on Wed 18th December, 10-11.50am. Students have the option of writing a research paper (20 pages) instead of taking Exam II. The substitute research paper is due the last day of class.
Please check exam dates. If, due to exceptional circumstances, a student cannot take the midterm (Exam 1) she/he should contact Prof McGillivray asap. The makeup format for the midterm is a 15 page research paper.
Power-point lecture presentations are available approx 48 hours after the lecture on my homepage: http://www.nyu.edu/gsas/dept/politics/faculty/mcgillivray/mcgillivray_home.html
There are two books required for the course. These are available from the University bookstore.
Theodore Cohn, 2000 “Global Political Economy: Theory and Practice”. Longman.
Jeffry Frieden and David Lake 2000 “International Political Economy”. Fourth Edition. St. Martin’s Press.
04th Sept Lecture 1 What is International Political Economy?
09th Sept Lecture 2 British-American Trade Under the Articles of Confederation, the US-EU Banana Trade Dispute and the Poverty Gap.
Cohen, chs 1 & 3.
11th Sept Lecture 3 Background Economics: The Basics.
Frieden and Lake ch. 22 (Freeman)
16th Sept Lecture 4 Background Economics: Why Protect?
Frieden and Lake, ch. 19 (Coughlin & Chrystal and Wood)
18th Sept Lecture 5 Theories of IPE
Cohen, chs 4 & 5.
23th Sept Lecture 6 Globalization: Cause and Effect
Frieden and Lake, ch 31 (Rodrik)
Post-War International Institutions
25rd Sept Lecture 7 International Trade Regimes: The GATT and WTO
30th Sept Lecture 8 Rise of Administered Protection and Regional Trade Blocs
Frieden and Lake, ch 24 (Cox)
02rd Oct Lecture 9 The European Union
Cohen, ch 9
07th Oct Lecture 10 International Monetary Regimes: the Gold Standard to EMU.
Cohen, ch 6.
09th Oct Lecture 11: Explaining the Turnover of Monetary Regimes
Frieden and Lake, ch. 14 (Eichengreen)
14th Oct Lecture 12: Exchange Rates and Sovereign Risk
Frieden and Lake, ch 18 (Goodman and Pauly)
Economic Development: The North
16th Oct Lecture 13: The Rise of Europe 1500's-1700's
Frieden and Lake, chs. 7 (Frieden)
21st Oct Lecture 14: Mercantilism, 1700s
Frieden and Lake, chs. 2&6 (Eichengreen &Gourevich)
23th Oct Lecture 15 Pax Britannica, 1815-1914
Frieden and Lake, ch. 5&8 (Kindleberger and Lake)
28th Oct Midterm
30th Oct Lecture 16 Development Strategies, 1800's.
Frieden and Lake, ch. 20 (Rogowski)
Economic Development: Third World
04th Nov Lecture 17: The Development Gap.
Cohen, ch 11
06h Nov Lecture 18 Rwanda: War and Growth.
Guest Speaker, Professor Allan Stam.
Frieden and Lake, chpt 27 (Williamson)
11th Nov Lecture 19: Debt, the IMF and the World Bank.
Cohen, ch 7
13h Nov Lecture 20 The Development Gap: Africa
Frieden and Lake, ch. 25 (Stiglitz and Squire)
18th Nov Lecture 21 Financial Aid
20th Nov Lecture 22 Foreign Direct Investment
Cohen, ch 10,
Frieden and Lake, ch. 11 (Fieldhouse).
25th Nov Lecture 23 MNC’s vrs Third World
Frieden and Lake, chs. 9, 10 (Caves, Tarzi)
27th Nov Lecture 24 Democracy, corruption and Growth
Frieden and Lake ch 26 (Broad et al)
02th Dec Lecture 25 Strategic Trade Policy: East Asian Lessons
Frieden and Lake, ch. 12 (Hart et al)
04th Dec Lecture 26 Third World Growth: What’s the Best Strategy?
Cohen, ch 12.
09th Dec Lecture 27 Globalization, the environment and human rights.
Frieden and Lake, ch. 29 (Butler)
Fall Recess 17th - 25th Nov.
11th Dec Lecture 28 Review.
Those students who chose to write a research paper instead of sitting the final exam must turn in their research paper on this, the last day of class.
Exam II during exam week, Wed 18th from 10-11.50 (check time and location).