International Political Economy I

Academic year
Subject Area
Political Science – International Relations
Language of Instruction
Mode of Delivery
ECTS Credits
1st Cycle Studies

Recommended Prerequisites

English, Economics (Introductory).

Teaching Methods

The lecture is theoretical-practical. The first half of the class is reserved to systematic exposition, which is introduced whenever possible through the presentation of material collected in the media. The second half is occupied with a debate and/or presentation of a video with interviews with scholars or experts in the issue. Students are invited to summarise these materials and relate them to the topics of the syllabus. The readings are chosen from different books selected for their scientific rigour and clarity of exposition. A few books available in the library are suggested.

Learning Outcomes

Overall objectives

Expose students to institutional Political Economy (PE) analysis of State and markets at the international level.

Specific objectives and competencies

1. Identify the object of the discipline and the specific approach of PE;

2. Present basic models of international trade in Economics and formulate their critique;

3. Describe the evolution of international trade and investment since Bretton Woods and study it’s regulation;

4. Discuss the concept of development, understand the contribution of Amartya Sen, and confront the Washington Consensus with a developmentalist perspective;

5. Describe ‘globalization’, discuss it from the point of view of PE, and frame political choices recurring to Rodrik’s trilemma

Generic competencies

1. Express, oral and written, reasoned opinions about core issues in IPE;

2. Develop learning capabilities and a critical reflection in the field of IPE;

3. Interpret the relevant information in the media recurring to the knowledge acquired.


Work Placement(s)



1. IPE is Political Economy in what sense? History of thought and methodological aspects of an institutionalist approach to the State and the markets;

2. Critical study of International Economics and International Relations’ contributions to IPE;

3. Brief historical survey of the international political economy since the 19th century;

4. Political economy of international trade and international capital flows;

5. Political economy of international development;

6. Political economy of globalization: processes, ideas and politics.

Assessment Methods

Frequency: 40.0%
2 Test: 60.0%


Chang, Ha-Joon (2005), Kicking Away the Ladder – Development Strategy in Historical Perspective. London: Anthem Press [339.9 CHA].
O’Brien, Robert and Williams, Marc (2010), Global Political Economy: Evolution and Dynamics. London: Palgrave Macmillan [339.9 O’BR].
Phillips, Nicola and Weaver, Catherine E. (eds.) (2011), International Political Economy: debating the past, present and future. London: Routledge [339.9 INT].
Ravenhill, John (ed.) (2011), Global Political Economy. Oxford: Oxford University Press [339.9 GLO].
Reinert, Erik S. (2007), How Rich Countries Got Rich ... and Why Poor Countries Stay Poor. London: Constable [339.9 REI].
Rodrik, Dani (2011), The Globalization Paradox: Democracy and the Future of the World Economy. New York: W. W. Norton [339.9 ROD].
UNCTAD (2012) Trade and Development Report, 1981-2011: Three Decades of Thinking Development. New York, Geneva: United Nations.