Sample Economics Paper on International Political Economy

International Political Economy
Unit I
Exam I/Midterm Exam
Take Home Essay Guide
(Chs. 1-4).
Seay

I. Basic Terminology: Be able to incorporate as many of of the following basic political economic terms as possible into each of the one essays of choice from the second category. Class lecture notes may be used for defining the listed terms as well as the Oatley readings.** Do be certain to incorporate other useful data from lectures notes, and various suggested scholarly IPE books and articles as well.**

The WTO, NAFTA, and GATT
NICs and example nations
Welfare and Distributional Consequences
Explanatory and Evaluative Studies
Welfare Evaluation
Liberalism(Economically defined)
The Philosophies of Adam Smith and David Ricardo
Marxism
Interests and Material Interests
Political Institutions
Market Liberalism
MFN & GSP
National Treatment and Nontariff Barriers
Customs Union
Dispute Settlement Mechanism
The Doha Round
Free Riding and Free Trade Area
Generalised System of Preferences
Hegemon and Hegemonic Stability Theory
Intergovernmental Bargaining
Ministerial Conference
Nondiscrimination
Public Good
RTA
Tariffs, Trade Creation, and Diversion
Bargaining
Contract Curve
Enforcement Problem
Factor Endowments
Hecksher-Ohlin Model
Nash Equilibirium
Outside Option
Pareto Suboptimal
Patience
Reciprocity
Collective Action Problem
Export-Oriented Sector
Factor Mobility and Model
Factor-Price Equalisation
Import-Competing Sector
Majoritarian
Proportional Representation
Reciprocal Trade Agreements Act
Sector Model
Specific Factors
Stolper-Samuelson Theorem
Veto Player
Economics of Experience
Economics of Scale
Industrial Policy
Infant-Industry Case for Protection
Oligopoly
Rents
State Strength
Strategic-Trade Theory
Backward Linkages
Big Push
Complementary Demand
Easy ISI
Enclave Agriculture
Export Substitution Strategy
GATT Part IV
Generalised System of Preferences
Group of 77
Import Substitution Indsutrialisation
Monoexporters
New International Economic Order
Pecuniary External Economics
Secondary ISI
Singer-Prebisch Theory
Structuralism
Terms of Trade
United Conference on Trade and Development
LIBOR
Central Banking
Equity Market Bubbles
“Toxic Assets”
Lehman Brothers and Bear Stearns
Paul Volcker

I. Essay Topics(100 points each).

1. What is International political economy? Illustrate and explain the various IPE thought schools? Which of them seems most applicable in the modern age? Argue and defend your point.
2. What is the global economy? Illustrate and explain its’ evolution. Is it good, bad or a bit of both?
3. What is the World Trade Organisation? Explain its creation and purpose? Has it proved itself positively in promoting balanced global trade? What challenges doe the WTO presently face?
4. What is the Doha Round? Has it been effective concerning solving important global economic issues?
5. What is the economic argument for trade? What factors can enforce fair trade? What factors also hinder it?
6. What are various approaches to trade policy? Which may foster
fairer global trade?
7. What factors are needed to create successful trade and developement? Will these factors contribute to economic well being? Explain.
8. What are Money Markets? How did they operate? Explain.
9. What are Incentives? Why are they important? Illustrate and explain examples.
10. Are tax cuts beneficial for improving an economy especially after a recession? Argue and defend your point.

***** PLEASE NOTE****************
There are many instructions so please pay close attention
There will be 10 topics and we have to choose only one from the topic list
There is also a books list and we have to choose 3-5 books from the list to use them as sources
Lecture data is mandatory, it should be available in the file I sent you last time
essay should have 5-5.5 pages only
There should be a bibliography included in the essay
2 pieces of information from articles(magazine or journal ,for example) should be included
2-3 primary sources should be included (report- government report- chart- graph – organization report)
Footnoting should be used in the essay as well
Double spaced, 12 font
USE LECTURE DATA THAT IS RELEVANT TO THE TOPIC PLEASE!
PLEASE TAKE A CLOSE LOOK AT THE LECTURE DATA FILE FOR DETAILS, LECTURE NOTES, AND SPECIFC INSTRUCTIONS

******BOOK LIST******
The Age of Supply: Overcoming The Greatest Challenge To The Global Economy by Daniel Alpert

Open Secret: The Global Banking Conspiracy That Swindled Investors Out of Billions by Erin Arvedlund

Europe’s Financial Crisis: A Shorty Guide To How The Euro Fell Into Crisis And The Consequences For The World

by John Authers

Poor Economics by Abhijit V. Banerjee and Easther Duflo

In Defence of Globalisation

by Jhagdish Bhagwhati

The Globalisation of Inequality by Francois Bourguignon

Economics: The User’s Guide

by Ha-Joon Chang

The Money Machine: How the City Works

by Philip Coggan

The Great Escape: Health, Wealth, And The Origins of Inequality by Angus Deaton

Globalising Capital: A History of the International Monetary System , Exorbitant Priviledge, and Hall of Mirrors

by Barry Eichengreen

The Ascent of Money

by Niall Ferguson

The Next 100 Years: A Forecast for the 21st Century

by George Freeman

Inequality and Instability and The End of Normal

by James K. Galbraith

That Used To Be Us by Thomas K. Friedman and

Michael Mandelbaum

The Undercover Economist

by Tim Harford

An End to Poverty? A Historical Debate

by Gareth Stedman Jones

Money: The Unauthorised Biography by Felix Martin

Capitalism and Modern Social Thought and The Third Way

by Anthony Giddens

The Map and The Territory 2.0: Risk, Human Nature, And The Future of Forecasting by Alan Greenspan

Network Power: The Social Dynamics of Globalisation

by David Singh Grewal

Global Community: The Role of International Organisations in the Making of the Contemporary World

by Akira Iriye

End This Depression Now

by Paul Krugman

The Geneva Consensus: Making Trade Work For All

by Pascal Lamy

Crisis in The Eurozone and Proftiting Without Producing: How Finance Exploits Us All

by Costas Lapavitsas

The Future of Power by Joseph Nye

The Little Big Number by Dirk Phlilipsen

Currency Wars: The Making of the Next Global Crisis

by James Rickards

The Globilization Paradox: Democracy and the Future of the World Economy

by Dani Rodrik

Who Gets What and Why by Alvin E. Roth

The Failure of Political Islam and Globalised Islam

by Olivier Roy

Crisis Economics: A Crash Course In The Future of Finance by Nouriel Roubini and Stephen Mihm

What Money Can’t Buy

by Michael J Sandel

Austerity: The Great Failure by Florian Schui

Developement as Freedom and

The Idea of Justice by Amartya Sen.

Irrational Exuberance by Robert J. Shiller

One World by Peter Singer

The Roaring Nineties and The Price of Inequality

by Joseph Stiglitz

The Great Deformation: The Corruption of Capitalism in America by David A. Stockman

Misbehaving: The Making of Behavioral Economics by Richard H. Thaler

The Age of Cryptography by Paul Vigna and Michael J. Casey

Does Capitalism Have a Future?

by Immanuel Wallerstein, Randall Collins, Michael Mann, Georgi Derluguian and Craig Calhoun

Fixing Global Finance and The Shifts and The Shocks: What We’ve Learned-And Have Still To Learn-from the Financial Crisis

by Martin Wolf

Creating a World Without Poverty

by Muhammed Yunnas

**Other suggestions are welcomed.**