• Overview
  • Aims and Learning Outcomes
  • Module Content
  • Indicative Reading List
  • Assessment

Undergraduate Module Descriptor

POL2027: The Politics of the World Economy

This module descriptor refers to the 2021/2 academic year.

Module Aims

Based on literature from the cross-disciplinary field of International Political Economy (IPE), the module examines important structures, processes, and outcomes in the recent history of capitalism. In particular the module aims to:

(1) familiarize you with the conceptual frameworks designed to illuminate major empirical concerns;

(2) provide a foundational knowledge about the post-war history of governing the world economy, including attention to finance, trade, and development;

(3) engage in current debates about contemporary crises afflicting the capitalist order, including the global financial crisis, social inequalities and forms of resistance, the political economy of the environment, and alternatives to our current predicament.

Intended Learning Outcomes (ILOs)

This module's assessment will evaluate your achievement of the ILOs listed here – you will see reference to these ILO numbers in the details of the assessment for this module.

On successfully completing the programme you will be able to:
Module-Specific Skills1. demonstrate detailed knowledge of debates within the study of International Political Economy, including relevant conceptual frameworks, the international institutional history of the world economy, and major contemporary problems in key issue areas;
2. demonstrate the ability to articulate one's own ethical and political positions on questions of the international political economy;
Discipline-Specific Skills3. critically analyse both empirical and theoretical material;
4. deploy theoretical arguments and apply them to empirical case studies;
Personal and Key Skills5. communicate effectively in speech and writing; and
6. work independently and with peers to achieve common goals.

Module Content

Syllabus Plan

1. Introduction

Part I: Conceptual Resources

2. Origins of Global Governance: The Great Depression and Bretton Woods

3.  Leadership and the World Economy

4.  International Institutions and State Power

Part II: Governing the World Economy

5. Finance: the IMF 

6. Trade: From the GATT to the WTO

7. Development  and the World Economy

Part III: Contemporary Problems

8. Governing Intellectual Property

9.  Central Banks

10. The Diffusion of Liberalism

11. Conclusion

Learning and Teaching

This table provides an overview of how your hours of study for this module are allocated:

Scheduled Learning and Teaching ActivitiesGuided independent studyPlacement / study abroad
26.5123.5

...and this table provides a more detailed breakdown of the hours allocated to various study activities:

CategoryHours of study timeDescription
Scheduled Learning and Teaching activity16.5(11 x 1.5 hour) The weekly lectures detail conceptual frameworks, history and key debates to help guide your reading.
Scheduled Learning and Teaching activity10(10 x 1 hour) The weekly tutorials consist of presentations and group discussion focused on tutorial questions and issues raised by students.
Guided independent study123.5Coursework and independent study includes reading, note taking, sketching answers to essay and seminar questions, presentation preparation and essay writing. This study is continuous throughout the course and should take at least six hours a week.

Online Resources

This module has online resources available via ELE (the Exeter Learning Environment).

How this Module is Assessed

In the tables below, you will see reference to 'ILO's. An ILO is an Intended Learning Outcome - see Aims and Learning Outcomes for details of the ILOs for this module.

Formative Assessment

A formative assessment is designed to give you feedback on your understanding of the module content but it will not count towards your mark for the module.

Form of assessmentSize of the assessment (eg length / duration)ILOs assessedFeedback method
Tutorial presentation10 minutes1-6Oral feedback

Summative Assessment

A summative assessment counts towards your mark for the module. The table below tells you what percentage of your mark will come from which type of assessment.

CourseworkWritten examsPractical exams
50500

...and this table provides further details on the summative assessments for this module.

Form of assessment% of creditSize of the assessment (eg length / duration)ILOs assessedFeedback method
Essay502,000 words1-6Written comments
Examination501.5 hours1-6Written comments
0
0
0
0

Re-assessment

Re-assessment takes place when the summative assessment has not been completed by the original deadline, and the student has been allowed to refer or defer it to a later date (this only happens following certain criteria and is always subject to exam board approval). For obvious reasons, re-assessments cannot be the same as the original assessment and so these alternatives are set. In cases where the form of assessment is the same, the content will nevertheless be different.

Original form of assessmentForm of re-assessmentILOs re-assessedTimescale for re-assessment
EssayEssay (2,000 words)1-6August/September reassessment period
ExaminationExamination (1.5 hours)1-6August/September reassessment period

Indicative Reading List

This reading list is indicative - i.e. it provides an idea of texts that may be useful to you on this module, but it is not considered to be a confirmed or compulsory reading list for this module.

Cohn, T., 2014, Global Political Economy, Harlow: Pearson Education

Gilpin, R., Global Political Economy: Understanding the International Economic Order (Princeton: Princeton University Press, 2001). 

Walter and Sen, G., Analyzing the Global Political Economy (Princeton: Princeton University Press, 2008).