Political Economy

(2-3 Credit Hours) · Undergraduate

This model investigates how the tools of economics have been used to understand the workings of democratic political systems. It examines: - What policies are adopted by politicians/parties - How much effort and/or money is expended by politicians to get elected - Why do people donate to politicians and whether this is beneficial or corrupting in the democratic process These issues will be examined both theoretically and through an examination of the empirical evidence. PM ECO 005 description: Purpose: That students understand the basics of the interaction between economic agents and how political decisions pertaining to them are made by starting with the study of micro to better understand the operation of macroeconomics. TJ - Tokyo, Japan: In an era of economic globalization, virtually all economic issues have an international dimension. Yet unlike domestic economies with their established regulatory frameworks, there exists no supranational authority capable of effectively coordinating and regulating the global economy. This course explores crucial questions: What key challenges confront the global economy? How have nations, international organizations, and non-state actors addressed transnational economic issues? Through an examination of both historical developments and contemporary issues in International Political Economy (IPE), students will analyze major themes including economic interdependence, global governance, and power dynamics in the international system. Key topics include trade liberalization and protectionism, international investments, global financial management, economic development, and the intersection between economic policies and national security. Special attention will be given to the US-China strategic competition and its economic implications, as well as the rise of populism and its effects on international economic cooperation. While primarily lecture-based, the course requires each student to deliver one in-class presentation on a topic pertinent to international political economy during the semester. Specific presentation requirements will be determined based on final class enrollment.