Identification
Prerequisites
Language
Compulsory/Elective
Required textbooks
and course materials
International Political Economy INTR 330,3KU/6ECTS
Subject
(code, title,
credits)
Political Science and International Relations
Department
Undergraduate
Program
(undergraduate,
graduate)
Spring 2014
Term
Mr. Raul Gulmammadov
Instructor
raul.v.gulmammadov@gmail.com
E-mail:
+994556292821
Phone:
N/A
Classroom/hours
By appointment
Office hours
Consent of instructor
English
Depending on the BA programme
Core textbook:
 Ravenhill, John (2011). Global Political Economy,3rd ed.New York: Oxford
University Press

Course website
Course outline
Course objectives
Learning outcomes
Other materials offered by instructor will be uploaded to class specific folder
at www.dropbox.com
IPE Khazar at www.dropbox.com
Combining history and theoretical approaches with contemporary issues and debates,
the course will serve as an introduction to International Political Economy
subject.Students will be offered a wide range of readings on the theoretical approaches
to IPE, global trade, global finance, and on globalisation and its consequences on
states, politics, production, etc. All in all, the course investigates the global system of
trade, investment, and finance, including the workings of the International Monetary
Fund, the World Bank, and the World Trade Organisation.
The course will attempt to answer the questions such as “What is the relationship
between politics and economics, and how is this changing in an increasingly globalised
world?”
On satisfying the requirements for this course, students will have the knowledge and
skills to analyse and evaluate the various theoretical approaches to International
Political Economy. They will also have a basic understanding of how the international
economic system operates.
By the end of the course the students should be able:


Teaching methods
Evaluation
to analysethe issues through politics and economics lenses;
to evaluate the decision making processesaffecting the relationship between
politics and economics;
 To assess the complexity of global finance and global trade;
 To develop a better understanding globalisation’s consequences on states,
production, development and environment.
Lecture

Group discussion

Experiential exercise
Case analysis

Simulation

Course paper

Others (presentations)

Methods
Date/deadlines
Percentage (%)
Midterm Exam
30
1
Policy
Active Participation
10
Class Attendance
5
Learning log
10
Presentation
5
Final Exam
40
Others: Participation at
the relevant departmental
seminars
Total
100
In order to do well in this course, students are required to:
- attend the classes regularly
- read all assigned and suggested readings before you come to class
- participate actively in classroom discussions
- offer thoughtful and informed classroom presentations and written work
- submit all yourassignmentsbefore the deadline
- follow assignments closely and carefully.
Class attendance:
Students are required to comply with the attendance policy of Khazar University. Fulltime students are expected to attend all classes unless they are sick or have the
permission of the instructor (approved absence).
A student must submit an absence request in anticipation of an absence from the
course. In case he/she fails to do so, his absence will be considered unapproved.
Specifically, to be eligible for taking exams, students must not miss more than 20% of
class hours (unapproved absences). Otherwise, the student can take the exam only with
the approval of the School Dean. Continuing unapproved absences or lack of
participation may lead to withdrawal from the course.
Academic misconduct
Academic honesty plays an essential part in maintaining the integrity of Khazar
University. Students are expected to recognize and uphold high standards of
intellectual and academic integrity. The following acts are examples of academic
dishonesty, therefore are strictly forbidden and will, if proven, be penalized:
- plagiarism,
- cheating,
- unauthorized collaboration,
- falsification,
- multiple submissions.
On plagiarism: Plagiarism is copying other people's work without proper attribution.
The students committing plagiarism and the students providing materials for
plagiarizing will automatically receive a zero (0) for the assignment. Students must
always indicate that they used someone else's words and ideas if they have done so, by
using quotation marks and mentioning the source in the text or a footnote. A
bibliography must also follow after the end of your essays.
Rules of Professional Conduct
The students shall behave in the way to create favorable academic and professional
environment during the class hours. Unauthorized discussions and unethical behavior
are strictly prohibited. Classroom behavior that seriously interferes with either (a) the
instructor’s ability to conduct the class or (b) the ability of other students to benefit
from the course program will not be tolerated. When a student’s behavior in a class is
so seriously disruptive as to compel immediate action, the instructor has the authority
to remove a student from the class on an interim basis, pending an informal hearing on
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the behavior.
Tentative Schedule
Tentative date
10.02.14
Topic

Readings
TBA
Introduction to the course
(i)Ravenhill, John (2011) ‘The Study of
Global PoliticalEconomy’, in John Ravenhill
(ed.) Global Political Economy (Third
Edition), New York: Oxford University
Press, 3-28.
17.02.14
24.02.14
03.03.14
17.03.14




Further readings:
(ii)Gilpin, Robert (1996) ‘The Nature of
Political Economy’, in C. Roe Goddard, John
T. Passe-Smith, John G. Conklin, (eds.)
International Political Economy: StateMarket Relations in the Changing Global
Order, Boulder: Lynne Rienner Publishers,
9-24.
What is IPE?
Theoretical Approaches to IPE
Collaboration and Co-Ordination
in the IPE
(iii) Cohen, B.J. (2008), International
Political Economy: An Intellectual History.
Princeton, NJ: Princeton University Press.
(i) Wattson, Matthew (2011) ‘The Historical
Roots of Theoretical Traditions in Global
Political Economy’, in John Ravenhill (ed.)
Global Political Economy (Third Edition),
New York: Oxford University Press, 29-66
Further readings:
(ii) Robinson, J. (1964), Economic
Philosophy, revd edn, Harmondsworth:
Penguin.
(i) Aggarwal V & Dupont C. (2011)
‘Collaboration and Co-Ordination in the
Global Political Economy’, in John Ravenhill
(ed.) Global Political Economy (Third
Edition), New York: Oxford University
Press, 67-95
Further readings:
(ii) Keohane, R.O. (1984), After Hegemony:
Cooperation and discord in the World
Political Economy. Princeton, NJ: Princeton
University Press.
(i) Hiscos, M. (2011) ‘The Domestic Sources
of Foreign Economic Policies’, in John
Ravenhill (ed.) Global Political Economy
(Third Edition), New York: Oxford
University Press, 96-133
Policy Preferences and
Institutions
Further readings:
3
31.03.14

Historical Background of the
Global Trade Regime
(ii) Krueger, A. O (1995), Trade Policies and
Developing Nations. Washington DC:
Brookings Institution.
(i) Winham, G. (2011) ‘The Evolution of the
Global Trade Regime’, in John Ravenhill
(ed.) Global Political Economy (Third
Edition), New York: Oxford University
Press, 137-172
Further readings:
(ii)www.wto.org
(i) Ravenhill, John (2011) ‘Regional Trade
Agreements’, in John Ravenhill (ed.) Global
Political Economy (Third Edition), New
York: Oxford University Press, 173-212
7.04.14

14.04.14
21.04.14
28.04.14
05.05.2014
Regionalism and Global Trade
Further readings:
(ii) Mansfield, E. D., and Milner, H. V (eds)
(1997),
The
Political
Economy
of
Regionalism.
New
York:
Columbia
University Press
MIDTERM EXAM



International Monetary and
Financial System
Overview of Global Financial
Crises
(i) Helleiner, Eric (2011) ‘The Evolution of
the International Monetary and Financial
System’, in John Ravenhill (ed.) Global
Political Economy (Third Edition), New
York: Oxford University Press, 215-243
Further readings:
(ii)Porter, T. (2006). Globalization and
Finance. Oxford: Policy Press
(i) Pauly, Louis (2011) ‘PoliticalEconomy of
Global Financial Crises’, in John Ravenhill
(ed.) Global Political Economy (Third
Edition), New York: Oxford University
Press, 244-272
Further readings:
(ii) Sorkin, A. (2009), Too big to fail. New
York: Viking
(i)McGrew, Anthony (2011) ‘The Logics of
Economic Globalisation, in John Ravenhill
(ed.) Global Political Economy (Third
Edition), New York: Oxford University
Press, 275-311
Defining the Economic
Globalisation
Further readings:
(ii) Wood, E. M (2003), Empire of Capital.
London: Verso
4
12.05.2014
19.05.2014
26.05.14

(i) Hay, Colin (2011) ‘Globalisation’s Impact
on States, in John Ravenhill (ed.) Global
Political Economy (Third Edition), New
York: Oxford University Press, 312-344
Globalisation and States


Globalisation of Production
Growth, Poverty, Inequality and
Imperialism

Globalisation and Development
Further readings:
(ii) Jessop, B. (2002), The Future of the
Capitalist State. Cambridge: Polity Press
(i) Thun, Eric (2011) ‘Globalisation of
Production’, in John Ravenhill (ed.) Global
Political Economy (Third Edition), New
York: Oxford University Press, 345-371
(ii)Wade, Robert (2011) ‘Ch. 12’, in John
Ravenhill (ed.) Global Political Economy
(Third Edition), New York: Oxford
University Press, 372-415
(i) Phillips, Nicola (2011) ‘Globalisation and
Development’, in John Ravenhill (ed.)
Global Political Economy (Third Edition),
New York: Oxford University Press, 416-449
Further readings:
(ii) Harvey, D. (2005), A Brief History of
Neoliberalism. New York: Oxford University
Press
Week 16
Final Exams
This syllabus is a guide for the course and any modifications to it will be announced in advance. The instructor
may require additional readings for each week’s topics.
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