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UNIVERSIDAD DE ESPECIALIDADES ESPÍRITU SANTO
FACULTAD DE ESTUDIOS INTERNACIONALES
SYLLABUS
FOR DAC 11 VER 17 07 07
COURSE: Political & Economic Analysis - ECO 477 SCHEDULE: 08h55-10h15
FACULTY: Mario Vera
BIMESTER: Winter
ACADEMIC UNITS/CRÉDITS: 3 UEES (SNCC 4.8)
DAYS:
Mon – Thu
PRE REQUISITES: ECO 222, ECO 161
ROOM:
G-223
CONTACT HOURS:
NON-CONTACT HOURS
1. COURSE DESCRIPTION
This course teaches all the academic theory of the interrelation between
economics and politics. The main academic theories of the economics science are
explained from a political perspective and also the main political ideologies are
explained and analyzed from a economic point of view. Both of these dimensions of
thought must take into account the political and economical actors involved, how
they relate and how they affect decisions and how decisions affect them.
2. OBJECTIVES
a. General
The aim of the class is to provide the fundamental concepts of
international economics from the perspective of the several
interrelationships with the private sector and the government.
b. Specific
• Determine the structural economical and political problems.
• Examine the alternative of economical-political courses of actions
and their possible results
• The students must be capable of gaining the analytical skills to
interpret the economic and political data.
• Understand the importance of the external forces surrounding us and
how it influences our lives.
• Evaluate the economic results of the use of a particular economic
policy
• Understand, analyse and adapt to the current global economical and
political trends in the 21st century.
3. COURSE CONTENT OUTLINE
DATE
01 / 9
SPECIFIC
COMPETENCIES
The definition of
states and markets
and the tension
between both.
Using the analysis of
Balance of Payment
to understand the
relationships of state
and market
01 / 9
01/10
01/14
Understanding the
concept of
Mercantilism and
Economic
Nationalism
Defining accurately
Liberalism and its
context
Analyzing the roots
and evolution of
socialism
01/15
Using rational
behavior to
understand the
context of political
economy
01/16
Understanding the
role of fiscal policy
on political economy
01/17
01/21
Review monetary
CONTENTS
NON
CONTACT
HOURS
ASSESMENT
What is International
Political Economy
Balance of Payments
The balance of
payment: current
account, capital
account, official
reserve account
Flexible exchange
rates
Equilibrium exchange
rates
Changes in the
equilibrium exchange
rate
Options under a fixed
exchange rate system
Mercantilism and
Economic Nationalism
Neomercantilism
Statism
Mercantilism and
Realism
Liberalism
Roots and evolution of
the liberal perspective
Conservatism
Liberalism today
Structuralist
Perspective
Marxism
Lenin view of society
and market
Dependency Theory
Rational Choice
Approach
Rational Choice Theory
Rational Choice and its
view on the individual,
human behavior and
politics.
Fiscal Policy
Expansionary,
contractionary,
discretionary, and
automatic fiscal
policy.
Demand side fiscal
policy
Supply side fiscal
policy
Monetary Policy
Reading Material: Chapter
#33 / Case & Fair
Reading Material: Chapter #2
/ Introduction to
International Political
Economy / Balaam & Veseth.
Reading Material: Chapter #3
/ Introduction to
International Political
Economy / Balaam & Veseth.
Reading Material: Chapter #4
/ Introduction to
International Political
Economy / Balaam & Veseth.
Reading Material: Chapter #5
/ Introduction to
International Political
Economy / Balaam & Veseth.
Reading Material: Chapter #
8; Economics by Arnold
Reading Material: Chapter #
01/22
theory and its effects Money supply
on economics
Keynesian Transmission
Mechanism
Keynesian flaws
Active and non-active
monetary policy
How budget deficits Taxes, Deficits and
Debt
influence economic
Income tax structure
behavior
Budget deficit versus
The role of debt in
debt
an economy
Cyclical versus
structural deficit
Budget deficits, trade
deficits and inflation
Global Institutions
01/23
Broken Promises
01/24
01/28 29
MIDTERM EXAM
Freedom to Choose?
01/30
01/31 –
02/04
East Asian Crisis
Who Lost Russia?
02/05
02/06 –
02/07
02/11 –
02/12
02/13 –
02/14
02/18
02/19
02/20
02/21
02/25
02/26
02/27
02/28
02/28
Unfair trade laws
Better roads to the
market
IMF’s other agenda
Way Ahead
El desafío asiático
China: la fiebre
capitalista
El milagro irlandés
La nueva Europa
Las falacias de George
W. Bush
Argentina: el país de
los bandazos
Brazil: el coloso del sur
Venezuela: el proyecto
narcisista-leninista
México: el país que se
quedó dormido
América Latina en el
12; Economics by Arnold
Reading Material: Chapter #
12; Economics by Arnold
Reading Material:
Globalization and its
Discontent : Joseph Stiglitz
Reading Material:
Globalization and its
Discontent : Joseph Stiglitz
Reading Material:
Globalization and its
Discontent : Joseph Stiglitz
Reading Material:
Globalization and its
Discontent : Joseph Stiglitz
Reading Material:
Globalization and its
Discontent : Joseph Stiglitz
Reading Material:
Globalization and its
Discontent : Joseph Stiglitz
Reading Material:
Globalization and its
Discontent : Joseph Stiglitz
Reading Material:
Globalization and its
Discontent : Joseph Stiglitz
Reading Material: Cuentos
Chinos: Andres Oppenheimer
Reading Material: Cuentos
Chinos: Andres Oppenheimer
Reading Material: Cuentos
Chinos: Andres Oppenheimer
Reading Material: Cuentos
Chinos: Andres Oppenheimer
Reading Material: Cuentos
Chinos: Andres Oppenheimer
Reading Material: Cuentos
Chinos: Andres Oppenheimer
Reading Material: Cuentos
Chinos: Andres Oppenheimer
Reading Material: Cuentos
Chinos: Andres Oppenheimer
Reading Material: Cuentos
03 – 04
/ 03
Siglo del conocimiento
FINAL TEST
Chinos: Andres Oppenheimer
TEST
4. METHODOLOGY
• The class will be conducted using a Socratic approach and involving
students in class discussion.
• Students will be assigned research homework to relate the concepts
covered in class with current issues.
5. ASSESSMENT
• This course will encourage class discussion to analyze different
perspectives of the economic events that influence society. For this
reason, class participation will account for 10% of the final grade.
• Reading the assigned material before coming to class is not only
mandatory, but essentially important to pass this class because students
must be familiar with the topics covered in class. Consequently, to
enforce students to read the material before coming to class, we will
have an oral quiz covering the assigned material every session, and it will
account for 10% of the final grade.
• Homework will be sent periodically and it will account for 30% of the
final grade. Late homework will be totally unacceptable, and only with
proper justification, it will be accepted at a lower grade. Periodic
homework consists of short papers and essays about topics related with
the class. Midterm and final exam will consist short essay questions. Each
exam will account for 25% of the final grade.
• A fundamental principle of academic, business and community life is
honesty. A violation of this ethical concept, such as plagiarism or
cheating will result in penalties ranging from a grade of "F" in the
assignment to dismissal from the class.
6. BIBLIOGRAPHY
6.1 REQUIRED
Economics / Case & Fair
Globalization and its Discontent: Joseph Stiglitz
Cuentos Chinos / Andres Oppenheimer
6.2 COMPLEMENTARY
TBA
6.3 HANDOUTS:
Will be provided by the professor.
6.4 WEBLIOGRAPHY:
Will be provided by the professor.
7. FACULTY INFORMATION
NAME: Mario Vera Barrezueta
ACADEMIC CREDENTIALS--UNDERGRAD:
Bachelor of Business Administration – Majors: Finance and International
Business – FAU
GRADUATE:
M.B.A. Masters of Business Administration - FAU
E – mail: [email protected]
Prepared by:
Reviewed by:
Mario Vera Barrezueta
Date: December 19th, 2007
Date: