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.**