Postgraduate Course: The International Politics of Money (PGSP11343)
|School||School of Social and Political Science
||College||College of Humanities and Social Science
|Credit level (Normal year taken)||SCQF Level 11 (Postgraduate)
||Availability||Available to all students
|Summary||This course introduces students to the international political economy and comparative political economy of international money and finance. The recent financial crisis will be considered as well as the international, EU and national level regulatory, monetary and fiscal policy responses to the crisis. The course will finish with a simulation focused on the Euro Area┐s Sovereign Debt Crisis. The course builds on the growing expertise in political economy in the School of Social and Political Science and provides an opportunity to the minority of IR / Politics students who have an interest in political economy to specialise beyond the more broadly focused (and effectively introductory) International Political Economy course.
1. Introduction: IPE and CPE approaches to ┐money┐
2. The 'success' of international capital liberalisation
3. The 'failure' of international financial regulation
4. The power of finance and regulatory capture
5. The financial crisis: what went wrong?
6. The financial crisis in comparative national perspective
7. The muddled international response to the crisis
8. The muddled European response to the crisis
9. Monetary Policy in comparative perspective
10. The EU's Sovereign Debt Crisis (simulation)
Entry Requirements (not applicable to Visiting Students)
||Other requirements|| None
Information for Visiting Students
|High Demand Course?
Course Delivery Information
|Academic year 2015/16, Available to all students (SV1)
|Learning and Teaching activities (Further Info)
Seminar/Tutorial Hours 20,
Programme Level Learning and Teaching Hours 4,
Directed Learning and Independent Learning Hours
|Assessment (Further Info)
|Additional Information (Assessment)
||4000 word essay (80%); 1000 word simulation position piece (20%). Non-participation in the simulation results in an overall 5-point penalty, unless a valid Special Circumstance appeal is made to justify absence.
|No Exam Information
On completion of this course, the student will be able to:
- Understand the value of a range of theoretical approaches drawn from International Political Economy and Comparative Political Economy to understand international financial and monetary developments over the past two decades.
- Have a basic grasp of the debates surrounding the causes of the recent crises (financial and sovereign debt).
- Have a basic grasp of the main political economy issues arising from international financial integration, the international financial crisis (from 2008) and the European sovereign debt crisis.
|Useful background reading on international money and finance can be found in chapters found in several IPE textbooks. They can be used as supplementary reading. |
- John Ravenhill, ed. Global Political Economy, Oxford: OUP, 2005.
- Theodore H. Cohn, Global Political Economy: Theory and Practice 2nd Edition (Addison Wesley Longman, 2003).
- Jeffery Frieden and David Lake (eds.), International Political Economy: Perspectives on Global Power and Wealth (4th edition, 1999) (only the 1987 edition is available in the U. Vic. Library.
- Richard Stubbs and Geoffrey Underhill (eds.), Political Economy and the Changing Global Order (2nd edition 2000) (only the 1994 edition is available)
- Robert Gilpen, Global Political Economy, Princeton, 2001.
|Graduate Attributes and Skills
|Course organiser||Mr Iain Hardie
Tel: (0131 6)50 4249
|Course secretary||Mrs Gillian Macdonald
Tel: (0131 6)51 3244
© Copyright 2015 The University of Edinburgh - 18 January 2016 4:39 am