SSST Subjects

EC / PS 150 International Political Economy


Programme(s) where module is offered

  • BSc Economics with International Business
  • BSc Economics with Finance
  • BA Political Science and International Relations with Economics
  • BA Political Science and International Relations with Management
  • BA Political Science and International Relations with Diplomacy
  • BA Political Science and International Relations with International Law
  • BA Political Science and International Relations with Information Systems

Status (core, option, free choice)



FHEQ Level



Unit Value



Semester taught



Pre-Requisite Modules or Qualifications



Module Code

EC / PS 150


Module coordinator

Goran Ridjic


Applicable From



Educational Aims of the Module

  • This module is designed to provide students with introductory and basic concepts of international political economy without going into great depth about various parts of the discipline.
  • The main aim of this module is to lay the foundation for further studies in the fields of international and national economics and politics. It aims to achieve this by giving the contours of some basic IPE issues, starting with the intellectual history of the discipline finishing up with an extensive analysis of illustrative case studies.
  • Furthermore, through a clear outline of IPE fundamentals, the module seeks to place the discipline within the globalization debate allowing students to increase and widen their understanding of current international issues from various perspectives.
  • Starting with a brief history of international political economy thought, the module will run through the historical benchmarks of the discipline that have had an impact on various components of this field of study.
  • An important component of the module will be an up to date analysis of IPE matters that define the current study of the discipline.

Module Outline/Syllabus

  • International Political Economy

  • The WTO and the World Trade System

  • The Political Economy of International Trade Cooperation

  • A State-Centred Approach to Trade Politics

  • A Society-Centred Approach to the Politics of Trade

  • Trade and Development I: Import Substitution Industrialization

  • Trade and Development II: Economic Reform

  • Multinational Corporations in the Global Economy

  • The Politics of Multinational Corporations

  • The International Monetary System

  • Cooperation, Conflict, and Crisis in the Contemporary International Monetary System

  • A Society-Centred Approach to Monetary and Exchange-Rate Policies

  • A State-Centred Approach to Monetary and Exchange-Rate Policies


Student Engagement Hours

Type Number per Term Duration Total Time


15 2 30



2 30
Tutorials     60
Total Guided/Independent Learning Hours 90
Total Contact Hours 60
Total Engagement Hours 150

Assessment Method Summary

Type Number Required Duration / Length Weighting Timing / Submission Deadline



3 hours


Week 17

Mid-semester test


2 hours


Week 8

Group project: Case study (including presentation)


2000 words


20 minutes presentation


Week 14

Individual project: Essay


2000 words


Week 11


Module Outcomes

Intended Learning Outcomes:

  • To improve understanding of the most important terminology from the field of International Political Economy.

  • Evaluate the interrelationships of political and economic factors.

  • To develop in-depth understanding of the constantly changing global environment

  • A thorough understanding of historical development of IPE

  • A solid knowledge of basic sources, concepts and fundamental principles of IPE particularly pertaining to inter-state relations

  • The ability to identify different IPE issues

  • Demonstrate knowledge of the key conceptual elements and in-depth understanding of the role IPE has, including the effects of the close relationship between politics and economics.

  • Ability to collect information related to International Political Economy from number of authorized sources to provide information related to solutions in familiar context

Teaching and Learning Strategy:

  • Lectures on module material (ILO: 1-8)

  • Lab exercises with appropriate tools and practice problems (ILO: 1-8)

  • Individual Project assignment: Essay (ILO: 8)

  • Group project assignment: Case study (ILO: 1-8)

Assessment Strategy:

  • Midterm exam and Final exam (ILO: 1-7)

  • Course projects (ILO:1-8)

Practical Skills:

  • Write scholarly and grammatically correct essays that are referenced in accordance with established academic practice in the field of IPE.

  • The ability to recognize and analyse the basic concepts of IPE especially pertaining to inter-state relations

  • Identify the basic structure of some most common IPE and globalization issues

Teaching and Learning Strategy:

  • Lab exercises with tutor-lead support(PS: 2-3)

  • Individual project assignment: Essay (PS: 1)

  • Group project assignment: Case study (including presentation) (PS: 1-3)

Assessment Strategy:

  • Midterm exam and Final exam (PS: 1-3)

  • Individual Project: Essay (PS: 1)

  • Group project assignment: Case study (including presentation) (PS: 1-3)

Transferable Skills:

  • A problem-centered and problem-solving approach

  • Ability to effectively present own and others’ point of view

  • Communication Skills: Written and Oral

  • Exercising critical judgment

  • Research Skills

  • Classify data, Compare, inspect or record facts
  • Ability to work independently
  • Ability to work in the team

  • Meet deadlines

  • Good time management

  • Organize/manage projects

Teaching and Learning Strategy:

  • Lab exercises (TS: 1-7)

  • Team Project (TS: 1-7, 9-11)

  • Individual Project (TS:1-8, 10-11)

Assessment Strategy:

  • Individual and group projects (TS: 1-11)

  • Midterm exam and Final exam (TS:1-4,6,7)


Key Texts and/or other learning materials

Set text

  • Oatley, T. (2016), International Political Economy: International 5th Edition, Pearson

Supplementary Materials

  • The Economist, (2017), Economics [online] (Accessed 12 April )

  • Ravenhill, J., (2016), Global Political Economy, 5th Edition, Oxford University Press

  • O’Brien, R., Williams, M., (2016), Global Political Economy: Evolution and Dynamics, 5th Edition, Palgrave Macmillan

  • Elsevier, (2017), European Journal of Political Economy, [online], (Accessed 12 April 2017)

  • World Trade Organisation, (2017), WTO [online] www, (Accessed 12 April 2017)

  • Bhagwati, J., et al., (2017), The World Trade System: Trends and Challenges, MIT Press

  • Dorrenbacher, C., (2012), Politics and Power in the Multinational Corporation, Cambridge University Press

  • The Financial Times, (2017), Global Economy, [online], (Accessed 12 April 2017)

  • Tirole, J., (2015), Financial Crises, Liquidity and the International Monetary System, Princeton University Press

Please note

This specification provides a concise summary of the main features of the module and the learning outcomes that a typical student might reasonably be expected to achieve and demonstrate if he/she takes full advantage of the learning opportunities that are provided.

More detailed information on the learning outcomes, content and teaching, learning and assessment methods of each module and programme can be found in the departmental or programme handbook.

The accuracy of the information contained in this document is reviewed annually by the University of Buckingham and may be checked by the Quality Assurance Agency.

Date of Production : April 2017

Date approved by School Learning and Teaching Committee

Date approved by School Board of Study

Date approved by University Learning and Teaching Committee

Date of Annual Review


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Bosna i Hercegovina

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