.
Political and International Economics
Study Course Description
Course Description Statuss:Approved
Course Description Version:4.00
Study Course Accepted:05.02.2024 11:08:16
| Study Course Information | |||||||||
| Course Code: | PZK_045 | LQF level: | Level 6 | ||||||
| Credit Points: | 3.00 | ECTS: | 4.50 | ||||||
| Branch of Science: | Politics | Target Audience: | Political Science | ||||||
| Study Course Supervisor | |||||||||
| Course Supervisor: | Kārlis Bukovskis | ||||||||
| Study Course Implementer | |||||||||
| Structural Unit: | Faculty of Social Sciences | ||||||||
| The Head of Structural Unit: | |||||||||
| Contacts: | Dzirciema street 16, Rīga, szf rsu[pnkts]lv | ||||||||
| Study Course Planning | |||||||||
| Full-Time - Semester No.1 | |||||||||
| Lectures (count) | 8 | Lecture Length (academic hours) | 2 | Total Contact Hours of Lectures | 16 | ||||
| Classes (count) | 6 | Class Length (academic hours) | 2 | Total Contact Hours of Classes | 12 | ||||
| Total Contact Hours | 28 | ||||||||
| Study course description | |||||||||
| Preliminary Knowledge: | Basic knowledge of the economy and its terms. Intermediate level knowledge in politics science and international relations processes. | ||||||||
| Objective: | The aim of the course is to provide a general idea about economic processes and their interaction with political developments, both nationally and internationally. | ||||||||
| Topic Layout (Full-Time) | |||||||||
| No. | Topic | Type of Implementation | Number | Venue | |||||
| 1 | Introduction and course requirements. Economics and Political Economy. Periods of modern capitalism: the Bretton Woods system and neoliberalism. | Lectures | 1.00 | auditorium | |||||
| 2 | Basic terms in political economy and economic analysis. | Lectures | 1.00 | auditorium | |||||
| 3 | Economic governance: fiscal policy and monetary policy. | Lectures | 1.00 | auditorium | |||||
| 4 | Financial history. International monetary systems. Banks and their structural role in economy. | Lectures | 1.00 | auditorium | |||||
| 5 | International Trade. World Trade Organization. Regional free trade agreements. | Lectures | 1.00 | auditorium | |||||
| 6 | Global governance and actors. | Lectures | 1.00 | auditorium | |||||
| 7 | Global economic challenges for societies and countries. | Lectures | 1.00 | auditorium | |||||
| 8 | Theories of International Political Economy. Economic liberalism (Neoclassical approach), economic nationalism (Keynesianism approach and Institutionalist approach), economic Marxism. | Lectures | 1.00 | auditorium | |||||
| 9 | National economic interests. | Classes | 1.00 | auditorium | |||||
| 10 | Logic of entrepreneurship. | Classes | 1.00 | auditorium | |||||
| 11 | Strongest political actor in the international economy. | Classes | 1.00 | auditorium | |||||
| 12 | Economic problems of Latvia. | Classes | 1.00 | auditorium | |||||
| 13 | The state, entrepreneurs and the workforce: who is the most important? | Classes | 2.00 | auditorium | |||||
| Assessment | |||||||||
| Unaided Work: | As part of the course, students will have to read mandatory literature (for each lesson up to 50 pages), write seven short essays on the subject, actively participate during seminars, write a report, and successfully complete the course's final exam. | ||||||||
| Assessment Criteria: | Active participation during the seminars and lectures – 40% Essays and written answers to seminar questions – 20% Report – 25% Exam – 15% | ||||||||
| Final Examination (Full-Time): | Exam (Written) | ||||||||
| Final Examination (Part-Time): | |||||||||
| Learning Outcomes | |||||||||
| Knowledge: | Within the framework of lectures and seminars, students will have to learn how to understand the correlation between political and economic processes, including global problems, the operation of the banking system, the international financial system, and the economic challenges of Latvia and the European Union. | ||||||||
| Skills: | After completing the course students must be able to orient themselves in the basic economic terms and concepts, indicators that characterize economic development, to distinguish the views of different theoretical schools on the principles of economic structures, and to critically evaluate the economic developments in Latvia and in the world. | ||||||||
| Competencies: | At the end of the course, the student will be able to understand the specificities and processes of the political economy and globalisation and their impact on people's daily lives. | ||||||||
| Bibliography | |||||||||
| No. | Reference | ||||||||
| Required Reading | |||||||||
| 1 | Krugman, P., Wells, R. 2018 Macroeconomics. 5th ed. New York: Worth Publishers, chapters on Fiscal Policy and Monetary Policy. | ||||||||
| 2 | Oatley, T. 2019. International Political Economy. 6th ed. New York: Routledge, 279-307. | ||||||||
| 3 | Carreras, A. 2006. The Twentieth Century – From Break with the Past to Prosperity, An Economic History of Europe. From Expansion to Development, Antonio Di Vittorio, ed. New York: Routledge, 239-353. | ||||||||
| 4 | Braithwaite, J., Drahos, P. Global Business Regulation. Cambridge: Cambridge University Press, 2000. – pp. 15-36. | ||||||||
| 5 | Banerjee, A., Duflo, E. 2012. Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty. New York: Public Affairs, ch. 1-2. | ||||||||
| 6 | Stilwell, F. 2019. From Economics to Political Economy: Contradictions, Challenge, and Change, American Journal of Economics and Sociology, 78(1), 35-62. | ||||||||
| 7 | Yülek, M. A. 2018. How Nations Succeed. Manufacturing, Trade, Industrial Policy, and Economic Development. New York: Palgrave Macmillan, 155-168, 207-216. | ||||||||
| 8 | Cohn, T. 2016. Global Political Economy: Theory and Practice. 7th ed. New York: Routledge, 354-402. | ||||||||
| Additional Reading | |||||||||
| 1 | European Commission. 2020 European Semester: Country Specific Recommendation, Commission Recommendation – Latvia. | ||||||||
| 2 | Ministry of Finance of the Republic of Latvia, 2020. 2020 Budget of the Republic of Latvia. | ||||||||
