International Political Economy


(core course for concentration in International Business)
(last updated: February 2016)



Alexander Sergunin, Dr.Sc., Professor of International Relations, School of International Relations, St. Petersburg State University



45 contact hours



Goals and objectives:

The main aims of this course are to introduce students to the core theoretical debates and empirical issue-areas and to develop students’ research and analytical skills in the study of IPE.
Particularly, the course objective is to promote understanding of:

  • the interaction between politics and economics in international relations;
  • the sources of change in international political economy;
  • the challenges faced by states and other key international actors in an era of global economic integration and fragmentation;
  • how globalization affects world’s economic, social, political and ideational structures and what outcomes we can expects from these dramatic developments in the foreseeable future

Course Content:

Topic 1. IPE paradigms: mercantilism, economic nationalism, realism and neo-realism
Topic 2. IPE paradigms: classical liberalism and neo-liberalism
Topic 3. IPE paradigms: imperialism, dependency, center-periphery analysis, world system analysis and neo-Marxism
Topic 4. IPE paradigms: post-positivism (critical theories, postmodernism, post-structuralism, social constructivism, post-colonialism)
Topic 5. Global production system.
Topic 6. Globalization of the world trade order
Topic 7. Global financial system
Topic 8. Global problems: North-South divide; world poverty, hunger, pristine water resources; demographic dynamics, migration; environmental problems and climate change, mass diseases; arms race and disarmament; transnational crime, and international terrorism
Topic 9. Regionalism and regions in a global economy
Topic 10. Towards a new global politico-economic order/global governance?

Teaching Methods:

Combination of lectures and classroom discussion; case studies; gaming/simulation

Course Reading:

  • Broome, André (2014) Issues and Actors in the Global Political Economy. Basingstoke: Palgrave Macmillan.
  • Cohen, Benjamin (2008). International Political Economy: An Intellectual History. Princeton, NJ: Princeton University Press. 
  • Gilpin, Robert (2001). Global Political Economy: Understanding the International Economic Order. Princeton, NJ: Princeton University Press.
  • Phillips, Nicola, ed. (2005). Globalizing International Political Economy. Palgrave Macmillan. 
  • Ravenhill, John (ed.) (2010). Global Political Economy. Oxford: Oxford University Press.
  • Watson, Matthew (2005). Foundations of International Political Economy. Palgrave Macmillan.

Exam format:

Length: 90 minutes
Format: in-class, closed book

Grading Policy (% or points):

Course progress (group exercises, individual midterm test) – 50 %, exam – 50 %.

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