Even before the end of the Cold War, economic issues began to challenge security issues for primacy in the international system.  The relationships between "high" and "low" politics, and foreign and domestic policies became more complex.  This course addresses these concerns by presenting an overview of theories, history, and issues in international political economy (IPE) as they pertain to relations among countries with industrialized economies, so-called "North-North" relations.  The course is organized into three sections.  The first section focuses on ideas, i.e., what is meant by the term "international political economy" and the perspectives that have been advanced to explain it.  The second section focuses on the historical development of the international economic system during the post-World War II era, with particular attention paid to the institutions created for its management.  The third section explores the intellectual contributions of a single thinker--Susan Strange--whose work profoundly shaped the study of international political economy.

Enrollment in the course this semester is small and we will take advantage of this opportunity by organizing the course as a seminar.  This means that student participation will play an important part in the exploration of topics covered throughout the semester.

Texts:  There are three required books for this course.

Robert Gilpin.  The Challenge of Global Capitalism: The World Economy in the 21st Century.

C. Roe Goddard, et al, eds.  International Political Economy: State-Market Relations in a Changing Global Order, 2nd edition.

Roger Tooze and Christopher May.  Authority and Markets: Susan Strange's Writings on International Political Economy.

Requirements:  Your course grade will be determined by your performance on three essay papers (each approximately 5-7 pages in length), and class participation.  Each component will be worth 25 percent of your course grade.   This course is a seminar and class participation is vital.  Class participation grades will cover attendance, in-class presentations, and discussion. Failure to complete any course assignment will result in a failing grade for the entire course.

Grading:  Each course assignment will be graded on a 100-point scale.  The standard grading scale will be:

100-90  A      69-60          D

89-80    B      59 or less    F

79-70    C

Late Paper Policy:  Permission to submit a late paper will be granted only under very specific or dire circumstances.

1. Any student who will miss a paper submission deadline due to required participation in a University-sanctioned activity, e.g., membership on a University athletic team in scheduled competition, must notify the instructor in advance of the absence and provide documentation of the absence at that time.  The date and time of the deadline extension for submission of the paper will be determined at the time that the student informs the instructor of the impending absence.

2. If a student is unable to submit a paper by its deadline due to an emergency, the student or their responsible designee must notify the instructor in person or by telephone within 24 hours of the paper submission deadline.  E-mail notification is unacceptable.

3. Proper documentation of the circumstances surrounding the student's absence must be provided at the time that the student turns in the paper after an extension of the submission deadline.   Failure to provide proper documentation shall be construed as the student's failure to complete the relevant course assignment and in accordance with the policy stated on the course syllabus will result in the student receiving a failing grade for the entire course.  Examples of proper documentation include the following:

·  for absences due to medical reasons, a doctor's excuse specifically covering the time during which the paper was due;

·  for absences due to funeral attendance, a copy of the relevant obituary;

·  for court appearances, copies of court documents showing the required date and time of appearance;

·  for automobile accidents, copies of relevant police reports and towing bills showing the exact date of the accident.

4. Student procrastination and consequent logistical problems, e.g., "long" waiting periods for use of equipment in on-campus computer labs, "last minute" virus attacks and hard drive failures, and "unforeseen" depletions of printer ink, do not constitute grounds for extension of the paper submission deadline.  Finish your paper well in advance of the deadline!

5. Any exception or change to this policy shall be at the sole and final discretion of the instructor.

Attendance:  On-time attendance at each class session is mandatory.  Roll will be taken in class.  Excused absences must be cleared with the instructor in advance.  Each unexcused absence will result in the deduction of 4 points from the student's course grade.  Students are expected to read carefully all assigned materials for each class session.  Students must come to class prepared to discuss the readings.

If you are scheduled to present material in class and are unable to do so for a legitimate, documented reason, you must notify the instructor by no later than 10:00 AM on the day of the class.  Failure to do so shall be construed as failure to complete a course assignment and will result in a failing grade for the entire course.

Copyright:  All teaching materials, lectures, and paper assignments are copyright © 2008 by Charles Dannehl.  All rights are reserved.  No person may record any class session, by electronic or other similar means, without the express written permission of the instructor.

Anticipated Schedule:

PART I:  IDEAS ABOUT INTERNATIONAL POLITICAL ECONOMY (IPE)

• Course Description and Requirements; Review of Basic Macroeconomics; Definition and Relevance of IPE

Goddard: Introduction & chaps. 1 and 2.

• Contending Perspectives on IPE

Goddard: chaps. 3-14.

PART II:  HISTORY OF POST-WORLD WAR II INTERNATIONAL ECONOMIC SYSTEM

• Overview

Gilpin: Preface & pp. 3-87.

• International Monetary and Financial Relations

Gilpin: pp. 114-162;

Goddard: chaps. 15-18.

• International Trade

Gilpin: pp. 88-113;

Goddard: chaps. 22 and 23.

• International Production and Multinational Corporations (MNCs)

Gilpin: pp. 163-192;

Goddard: chaps. 24 and 25.

• Regionalism

Gilpin: pp. 193-226 & 265-292.

• US Foreign Economic Policy and Globalization

Gilpin: pp. 227-264 & 293-357;

Goddard: chap. 26.

PART III:  THE WORK OF SUSAN STRANGE

Tooze and May: entire book.