International Political Economy
Spring 2021***Schedule last updated 01/12/21***
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Date Topic Assignments/ Readings Due
January
1/12 T
Introduction to IPE Syllabus
questions?1/14 TH IPE Perspectives I will be referring to these readings for examples, if you want to review them.
Classic writings:
Adam Smith The Wealth of Nations Of Restraints Upon the Importation from Foreign Countries of Such Goods as Can Be Produced at Home
- Karl Marx from Wage Labor & Capital The Relation of Wage-Labour to Capital
- Karl Marx: from The German Ideology The Rise in Manufacturing
- Up through the end of The Most Extension Division of Labour, Large Scale Industry
- Up to the end of the first section; skip The Relation of State and Law to Property
Modern writings:
Robert Gilpin "The Politics of Transnational Economic Relations" (excerpt), International Organization 25(3):398-419.
- Keohane & Nye "Interdependence in World Politics" (pages 122-132)
- V.I. Lenin Imperialism as a Special Stage of Capitalism, from Imperialism: The Highest State of Capitalism
1/19 T Applying the Theories Discuss article
Reading: 1/26 T The Concepts Discuss Chapter 2
- Chapter 2, The Concepts
- DQs
2/2 T The Global Supply Chain Discuss Chapter 5
Reading:
- Ch 6- Tomatoes
- DQs
If you're interested
February 2/9 T
International Trade System Reading: If you're interested:
- An argument that Globalization Needs to be All or Nothing
- How U.S. trade exporters benefit from a relationship with China
- A history on shipping containers
- About the CPTPP (formerly the Trans-Pacific Partnership that the US opted out of under the current administration)
- About the ACFTA and more if you're super interested
- RCEP
- Nifty interactive graph to see US export relationships
- Mining in the DRC
2/16 T
No Classes 2/23 T International Trade System Readings: If you're interested:
- A really interesting argument about why implementing tariffs now is a particularly bad idea, since Americans have already dealt with the blow of outsourcing/ offshoring jobs to Asia and Mexico
- This article does a great job of delving into the implications of a US- SK trade deal, and how the big guy always has the benefit when it wants to play that card
- A thorough article detailing the interconnectedness between the China and the US
- Farmer protests in India
- More on US-MX sugar dispute
- Recent WTO ruling
March
3/2 T
The Global Supply Chain
Discuss chapter 4
Readings:
- Chapter 4, Cocoa Beans
- Labor in Bolivia
- DQs
If you're interested, the problems with cocoa production continue mica mining in Madagascar
March
3/9 T
Class not meeting
Complete Paper 1 Due to Canvas by 12:05 pm
-Late submissions will be accepted until 12:20 with a .5 penalty and until 11 PM with 2-point penalty
-No submissions will be accepted after that time
3/16 T
International Monetary System
Discuss chapter 3
Reading:
- Chapter 3, Spices
- DQs
3/23 T International Monetary System
Exchange rates (you might want to print this chart for class)
Readings/Media:
- Video about GDP
- Understanding the Gold Standard
- Currency Pegs (This one's tough- get what you can out of it)
- CFA to Eco
- From Base to Gold
- Can the Remnimbi go International?
- DQs
If you're interested, a short, yet informative video about the EU, and one take on how Brexit came about and brief explanation of it and some consequences. Here's a great fairly recent example of Lebanon's trouble of holding a peg. Here's a video differentiating the IMF & WB, a video on currency manipulation, an IMF video on SDRs if you want way more details. This utterly fascinating video I happened across is about a N. Korean (yes, North) restaurant chain (Note: he keeps saying 'kimchi' but focusing in on potatoes- the kimchi is the dish to the left). More on the eco- (French; translation)
If you want to read what is now what might seem like ancient history, but with ongoing economic implications, these provide good summaries of how the Eurocrisis happened and how Greece got into dire straits:
Eurozone crisis explained Greek debt explained 3/30 T International Monetary System
Exchange rates (you might want to print this chart for class)
Readings/Media:
- Big Mac Index video and another one to also watch
- Currency Manipulation
- Inflation video
- Onion Inflation
- Onions in Turkey
- Deflation video
- Hyperinflation video
- Meet The Countries
- Cambodia
- Using US Dollars, Zimbabwe Finds a Problem: No Change
- Ethiopia's Notes
- Cash Shortages
- Crytpocurrency video
- CBDC
- DQs
If you're interested, lots of recent news on these issues:
- More on Zimbabwe: July crash, Oct zollar empty shops, the problem of not printing your own currency
- A more comprehensive article about currency manipulation
- Articles about Somalia's cash situation and Somalia's mobile cash
- If you're interested, an article about the recent inflated onion prices in India, and its consequent effect on neighboring importer
- The Pampers Index
- And the ever-popular cryptocurrency issues:
- J-Pop Girl Band wants your cryptocurrency
- John Oliver on Cryptocurrency -of course this can only be cynically entertaining
- Energy usage and cryptocurrency- any idea exactly how many resources it takes to generate cryptocurrency?
- Habanero pepper cryptocurrency- a very different take on cryptocurrency
- Venezuela's Cryptocurrency -like the habanero pepper approach, except much dodgier
- Bitcoin during Coronavirus
- Could I teach a whole class on this? Yes, I think so!
4/6 T Discuss chapter 5
In addition to the chapter questions, be able to answer these:
1. Why is Brazil a good destination for FDI?
2. Identify the ways that this chapter on soybeans relates to what we just covered with International Investment and MNCs.
Readings:
- Chapter 5, Soybeans
- DQs
If you're interested
4/13 T International Investment & Financial Flows
Readings: If you're interested:
4/20 T
Globalization Discuss Chapter 7
- Chapter 7, Tuna
- DQs
4/27 T
The Future
Reading:
- Chapter 8, The Future
- DQs
May
TH 5/6
Final Exam:
Thursday from 10:10-12:10Critical Thought Paper 2 due to Canvas no later than the end of final exam time, 12:10. Late submissions will be accepted until 12:25 pm incurring a 2-point penalty. No submissions will be accepted after that time.