End of IPE Class 24 – Thursday, 2 December 2011 J A Morrison 1 Adam Smith, Karl Marx, Joseph Schumpeter, JM Keynes

Lec 24: The End of IPE I. “The End of IPE” II. Review Discussion (via old exams) III. Evaluations 2

Lec 24: The End of IPE I. “The End of IPE” II. Review Discussion (via old exams) III. Evaluations 3

Note the lecture title: “The End of IPE.” The several puns are intended… 4

(1) This is the end—the fin—of our time together. 5

PS 0304 Int’l Pol Econ Unit 1: Studying the Global Economy –Topic 1: Introductory –Topic 2: Perspectives on IPE –Topic 3: Explaining Foreign Economic Policy Unit 2: Trading Goods & Services –Theory; Practice Unit 3: The International Monetary System –Theory; Practice Unit 4: Migration –Economics; Politics Unit 5: Special Topics in IPE –Sustainability –Globalization –International Order 6 ✔ ✔ ✔ ✔

(2) So, it is worth talking about the end—the purpose—of the substantive issues of the field of inquiry, “International Political Economy.” 7

The Substance of IPE The interaction between political actors and global markets –State policy influences global markets –Global markets enable and constrain policy makers The “International” Element –Evolving int’l system: changing structures & norms –Contrast with domestic political economy: exit options; security implications IPE in relation to Int’l Security –Interaction between IPE and int’l sec –Analogous? Relative versus absolute gains 8

(3) Finally, it is worth talking about the end—the purpose—of our course “International Political Economy.” 9

Course Goals (1) Appreciate variety of perspectives & approaches (2) Learn substance—theories & empirics—in major issue areas –Trade –Monetary Exchange –Migration –Special topics: sustainability, globalization, int’l order (3) Develop Fluency with Terms & Literature 12

Lec 24: The End of IPE I. “The End of IPE” II. Review Discussion (via old exams) III. Evaluations 15

(Let’s review the course substance by talking through some old exam questions.) 16

Lec 24: The End of IPE I. “The End of IPE” II. Review Discussion (via old exams) III. Evaluations 17