International Political Economy
- Faculty
Faculty of Business Management and Social Sciences
- Version
Version 1 of 25.11.2024.
- Module identifier
22M1113
- Module level
Master
- Language of instruction
English
- ECTS credit points and grading
5.0
- Module frequency
only winterterm
- Duration
1 semester
- Brief description
Rational decisions made by management require that important development trends in the global economy are recognised and that their impact on the options available for companies to take is accurately assessed. This module expands and deepens relevant knowledge of global economic processes and structures.
- Teaching and learning outcomes
1. Understanding economic behaviour
2. Fundamental paradigms in economic thinking
3. Differences between the political economy of nations
4. Introduction into the Functioning of the EU
5. Country studies (e.g. Korea, Indonesia ..)
6. Global governance and the role of the nation state
7. Exchange rates, balance of payments and
8. International Financial architecture
9. Competition and industrial policy
- Overall workload
The total workload for the module is 150 hours (see also "ECTS credit points and grading").
- Teaching and learning methods
Lecturer based learning Hours of workload Type of teaching Media implementation Concretization 45 Seminar Presence - Lecturer independent learning Hours of workload Type of teaching Media implementation Concretization 105 Preparation/follow-up for course work -
- Graded examination
- Portfolio exam or
- Written examination or
- Homework / Assignment
- Remark on the assessment methods
The portfolio exam covers 100 points and consists of a one-hour written examination (50 points) and a written paper (50 points).
- Exam duration and scope
Written paper: approx. 12-15 pages
Written examination: in accordance with the valid study regulations.
Written paper of the portfolio exam: approx. 8 pages
The requirements are specified in the respective lectures.
- Recommended prior knowledge
very good knowledge of English; basic knowledge of international economics
- Knowledge Broadening
Students who successfully complete this module acquire a broad knowledge of the functioning of political economic systems. They understand the power and significance of key economic policies, such as fiscal, monetary, competition and industrial policies.
- Knowledge deepening
Students understand the challenges of national policy making within the framework of political systems and political culture.
Students realize the importance of the political system, its structures and policies for the way enterprises need to work
- Knowledge Understanding
Students develop the skills to apply their knowledge to decision making both at the national and the corporate level.
Students develop the competency to apply advanced economic and business analysis methods.
- Academic Innovation
Students recognize the multiple challenges for corporate managers and for national leaders. They recognize the dilemmas and learn to take positions.
- Communication and Cooperation
Students present the results of their groupwork and of case studies they look at.
- Academic Self-Conception / Professionalism
Students understand the importance of a sound knowledge of global economic issue.
Students learn to see and appreciate the power of economic theories to understand economic phenomena.
- Literature
Gilpin, R. (2001), Global Political Economy, Princeton University Press;
Bairoch, P. (1995), Economics and World History, University of Chicago Press;
Bhagwati, J. (2004), In Defense of Globalization, Oxford University Press;
Stiglitz, J. (2002), Globalization and its Discontents, Penguin Books, London;
Roubini, Mouriel (2022): Megathreats, John Murray Publishers;
Roberts, Anthea & Nicolas Lamp (2021): Six Faces of Globalization, Harvard University Press;
Stiglitz, Joseph (2015), The Price of Inequality
Landes, D. (2002), The Wealth and Poverty of Nations, Abacus, London
IMF- World Economic Outlook
WTO: World Trade Report
UNCTAD: World Investment Report IIE: Washington Consensus
- Linkage to other modules
This module in the first semester of the master program provides for a strong basis for other modules, in which a sound understanding of economic issues is helpful or even required.
- Applicability in study programs
- International Business and Management (Master)
- International Business and Management, M.A. (01.09.2024)
- Person responsible for the module
- Mayer, Peter
- Teachers
- Mayer, Peter