International Political Economy

Subject POLS90026 (2015)

Note: This is an archived Handbook entry from 2015.

Credit Points: 12.5
Level: 9 (Graduate/Postgraduate)
Dates & Locations:

This subject has the following teaching availabilities in 2015:

Semester 2, Parkville - Taught on campus.
Pre-teaching Period Start not applicable
Teaching Period 27-Jul-2015 to 25-Oct-2015
Assessment Period End 20-Nov-2015
Last date to Self-Enrol 07-Aug-2015
Census Date 31-Aug-2015
Last date to Withdraw without fail 25-Sep-2015

Timetable can be viewed here. For information about these dates, click here.
Time Commitment: Contact Hours: A 1 hour lecture and 1 hour seminar per week for 12 weeks
Total Time Commitment:

170 hours


Admission to the Master of International Relations (MIR)

Corequisites: None
Recommended Background Knowledge:

Previous knowledge of history and of other social sciences, especially political science, economics, international relations, or sociology is very desirable but not rquired.

Non Allowed Subjects:

Core Participation Requirements:

For the purposes of considering request for Reasonable Adjustments under the disability Standards for Education (Cwth 2005), and Students Experiencing Academic Disadvantage Policy, academic requirements for this subject are articulated in the Subject Description, Subject Objectives, Generic Skills and Assessment Requirements of this entry.The University is dedicated to provide support to those with special requirements. Further details on the disability support scheme can be found at the Disability Liaison Unit website:


Prof Andrew Walter


Prof. Andrew Walter:

Dr. Jikon Lai:

Subject Overview:

This subject provides students with a critical understanding of international political economy, exploring links between international politics and economics in historical and contemporary perspective. An advanced introduction to a range of competing theoretical and methodological approaches to the study of international political economy is provided. Dilemmas of global economic governance are explored in relation to debates surrounding the role of major inter-governmental institutions such as the World Trade Organisation, the World Bank, the International Monetary Fund and the G20, and via examination of overlapping regimes of public and private power through which global systems of production, consumption, trade and finance are organised and governed. Key historical and contemporary debates are explored, including divisions between developed and developing countries, the management of global trade, investment money, finance and the environmental consequences of a growth-based world economy.

Learning Outcomes:

On completion of this subject students should:

  • Develop a political and historical understanding of the major actors and events that have shaped the emergence of the contemporary international political economy;
  • Develop comprehensive knowledge of the institutional regimes through which the international political economy is organised and governed;
  • Strengthen skills in critically analysing competing empirical and theoretical claims regarding the consequences of contemporary globalisation;
  • Develop skills in analysing and evaluating the design and operation of both public and private regimes of global economic governance.

1. Written assessment of 3000 words (60%) due during the semester;

2. 2-hour exam, equivalent to 2000 words (40%) scheduled during the examination period.

Hurdle Requirement: Students are required to attend a minimum of 75% of classes in order to qualify to have their written work assessed. Regular participation in class is required.

Assessment submitted late without an approved extension will be penalised at 10% per working day. In-class tasks missed without approval will not be marked. All pieces of written work must be submitted to pass this subject.

Prescribed Texts:

Required readings for this subject will be taken from a wide range of sources and made available online through the LMS.

Students new to the area may find one or more of the following texts helpful as primers:

  • Jeffry Frieden and David Lake(ed), International Political Economy, 5th Edition, 2009
  • Thomas Oatley, International Political Economy: Interest and Institutions in the Global Economy, Pearson, 4th Edition, 2011
  • John Ravenhill (ed), Global Political Economy, Oxford University Press, 3rd Edition, 2011
  • Andrew Walter and Guatam Sen, Analyzing the Global Political Economy, Princeton University Press, 2009
Breadth Options:

This subject is not available as a breadth subject.

Fees Information: Subject EFTSL, Level, Discipline & Census Date
Generic Skills:

On completion of this subject students should:

  • be able to develop persuasive arguments on a given topic;
  • be able to apply research skills and critical methods to a field of inquiry;
  • be able to communicate oral and written arguments and ideas effectively;
  • be able to develop cross-cultural understanding.

This subject is a compulsory component of the Master of International Relations. It is also compulsory in the Master of International Politics 200-point program (teach-out), for those students who have not completed 166-401.

Related Majors/Minors/Specialisations: 100 Point Master of International Relations
200 Point Master of International Relations

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