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This course deals with fundamental ideas about how world capitalism emerged and operates. It investigates the global system of trade, investment and finance, including the workings of the IMF, the World Bank and the WTO.

It deals with Keynesianism and its neo-liberal critics. Controversies over globalisation and its effects on living standards, and democracy will be followed. Of particular importance will be the investigation of the effects of modern globalised capitalism on underdeveloped countries. Finally, the subject examines the political economy of the movement of people across national borders - migrants and refugees and the political arguments it has generated.

Learning Outcomes

Upon successful completion of this course, students with have the knowledge and skills to:

  1. demonstrate understanding of how the international economic system operates;
  2. analyse and evaluate the various theoretical approached to International Political Economy;
  3. apply these theories to the international political system; and 
  4. communicate their analyses in writing.