International Political Economy

This information is for the 2022/23 session.

Teacher responsible

Dr Nikhil Kalyanpur CBG.8.04


This course is available on the BSc in Economics, BSc in International Relations, BSc in International Relations and Chinese, BSc in International Relations and History and BSc in Politics and International Relations. This course is available with permission as an outside option to students on other programmes where regulations permit and to General Course students.

This course has a limited number of places (it is capped).

Course content

The course examines the role of power and politics in international economic relations. Besides international structural factors, it emphasises the role of domestic political interests and their influence over foreign economic policies. Major approaches covered include historical views on international political economy, and contemporary systemic theories of international cooperation, interest groups politics, ideas and institutions. The course provides an overview and explanation of the international monetary and trade systems since 1944. It also discusses current debates on trade, monetary policy, the political roots of financial crises, globalisation and the retreat of the state, and environmental protection.


This course is delivered through a combination of classes and lectures totaling a minimum of 40 hours across Michaelmas Term,Lent Term and Summer Term. This course includes a reading week in Week 6 in line with departmental policy.

Formative coursework

Students will be expected to produce 1 essay in the MT and 1 essay in the LT.

Formative Essays 1,500 words.

Indicative reading

Basic references are: M Blyth (ed), Routledge Handbook of International Political Economy (IPE); ; J Ravenhill (ed), Global Political Economy; S Strange, States and Markets; R Palan, Global Political Economy: Contemporary Theories; J Frieden & D Lake, International Political Economy; T Oatley, International Political Economy;A Walter & G Sen, Analyzing the Global Political Economy. A detailed reading list will be given at the beginning of the course.


Take-home assessment (100%) in the ST.

Student performance results

(2019/20 - 2021/22 combined)

Classification % of students
First 24.5
2:1 59.9
2:2 13.6
Third 1.6
Fail 0.4

Key facts

Department: International Relations

Total students 2021/22: 101

Average class size 2021/22: 11

Capped 2021/22: Yes (108)

Lecture capture used 2021/22: Yes (MT & LT)

Value: One Unit

Guidelines for interpreting course guide information

Course selection videos

Some departments have produced short videos to introduce their courses. Please refer to the course selection videos index page for further information.

Personal development skills

  • Problem solving
  • Communication
  • Specialist skills