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International Political Economy. The world economy


Wednesday, 15 January 2020 to Wednesday, 5 February 2020
Total hours: 20
Hours of lectures: 20


Optional for the 1st, 2nd, 3rd and 4th year students of the PhD Programme in "Political Science and Sociology"

Optional for the 1st, 2nd, 3rd and 4th year students of the PhD Programme in "Transnational Governance"

Optional for the 4th and 5th year students of the MA Programme in "Political and Social Sciences"


The world economy is the topic of the first module of the course. The world economy is in turmoil due to deep changes in technology, economic structures, income distribution, the rise of East Asia, the expansion of finance, the instability left by the 2008 crisis, changing power relations, the retreat of globalisation and rise of nationalism. The aim of the course is to provide students with:

- an appropriate conceptualisation of the issues, presenting World System approaches alongside International Political Economy and International economics perspectives.

- an understanding of the historical development of world capitalism, considering the parallel dynamics of cycles of accumulation – shaping economic activities and financial expansions - and cycles of hegemony - shaping international relations and State power

- a focus on centre-periphery dynamics of the world system and its implications for economic inequality, international relations, political outcomes and social processes

- a focus on employment and labour in the world economy

- an understanding of the current transition, with economic instability and changing political hierarchies in the world economy.