International Political Economics II

Academic year
Subject Area
Área Científica do Menor
Language of Instruction
Mode of Delivery
ECTS Credits
1st Cycle Studies

Recommended Prerequisites


Teaching Methods

The sessions consist of theoretical-practical classes, with the presentation of the contents by the professor and subsequent discussion and debate; the students have to make oral and/or written presentations on topics that are previously proposed; it will be shown movies/documentaries on issues related to the syllabus, which will be followed by debate and will be a base for the presentation of written works by the students.

Learning Outcomes

General objectives:

The objective is to deepen the knowledge about global governance of the world economy, with emphasis on the International Monetary System (IMS).

 Goals and specific competencies:

1. To understand the importance of the IMS in international relations;

2. To identify and characterize the main phases of the IMS and their differences;

3. To relate the IMS evolution with international institutions;

4. To explain the impact of the policies of international institutions on international monetary relations;

5. To discuss the role of international institutions in the context of globalization which has arisen with the Washington consensus, as well as the effects of the IMF structural adjustment plans;

 Generic skills:

1. To identify, organize, synthesize and present relevant issues of international political economy;

2. To communicate knowledge and opinions on international political economy issues;

3. To learn and to critically reflect on international political economy issues.

Work Placement(s)



1. Basic concepts: currency, monetary system, international monetary system;

2. The current situation as a result of the evolution of monetary systems;

3. The international gold standard: theoretical functioning and historical evolution;

4. The emergence of the Bretton Woods system;

5. The evolution of the Bretton Woods system;

6. The crisis of the international monetary system and the Kingston system;

7. The international monetary system in the 1980s;

8. The structural adjustment programs and the international monetary system;

9. The regional monetary systems: the European Monetary System;

10. The monetary questions in the late 20th century and in the threshold of 21th century.

Head Lecturer(s)

António Manuel Portugal Duarte

Assessment Methods

Mixed regime
Assignments and participation in class: 30.0%
Exam: 70.0%

General regime
Exam: 100.0%


EICHENGREEN, Barry, Exorbitant Privilege, The Rise and Fall of the Dollar, Oxford, Oxford University Press, 2011. [BP 338.2 EIC]

EICHENGREEN, Barry, Globalizing Capital: A History of the International Monetary System, 2 edition, Princeton, Princeton University Press, 2008. [edição portuguesa de 1999 na FEUC, 339.7 EIC]

FAUGÈRE, Jean-Pierre; VOISIN, Colette, Le système financier et monétaire international - Crises et mutations, 5e édition, Paris, Armand Colin, Collection: Circa, 2005. [edição portuguesa de 1997 na FEUC, 339.7 FAU]

GILPIN, Robert; GILPIN, Jean M. — Global political economy: understanding the international economic order, Princeton, Princeton University Press, 2001. [BP 339.9 GIL]

LELART, Michel, Le système monétaire international, Paris, Editions La Découverte, Collection: Repères, n.º 97, 2007. [edição portuguesa de 1997 na FEUC, 339.7 LEL]

PATAT, Jean-Pierr, Histoire de l'Europe monétaire, Paris, Editions La Découverte, Collection: Repères, n°250, 2007