International Political Economy of Advanced Industrial Societies >> Content Detail



Amazon logo When you click the Amazon logo to the left of any citation and purchase the book (or other media) from, MIT OpenCourseWare will receive up to 10% of this purchase and any other purchases you make during that visit. This will not increase the cost of your purchase. Links provided are to the US Amazon site, but you can also support OCW through Amazon sites in other regions. Learn more.

Topics covered in this course are available in the calendar below.

Course Description

This graduate class is designed as a PhD-level overview of international political economy (IPE), with an emphasis on the advanced industrial countries. The syllabus is divided into three sections: international trade; international monetary and financial relations (including foreign direct investment); and security.

Course Objectives

An important goal of the course is to use economic theories to identify the welfare effects, distributional consequences, and security implications of foreign economic policy decisions, and to use the tools of political science to analyze how interest groups, voters, political parties, electoral institutions, ideas, and power politics interact to shape policy outcomes. It is my hope that this course will generate ideas for your own research, leading to publishable papers and dissertation topics.

Course Requirements

Students are expected to read each article or chapter on the syllabus closely, and to come to class prepared to discuss and critique the readings. Additional requirements include:

  1. Four reaction papers (2-3 pages in length), each of which critiques a week's readings. Reaction papers are due at the beginning of class, and retroactive papers (which discuss the prior week's readings) are not permitted.

  2. A 15-page research proposal on a topic related to international political economy. The proposal should identify a research puzzle, situate that puzzle in the relevant literature, and offer a theory with testable hypotheses to explain the puzzle. A one-page prospectus is due anytime before Ses #7. The research proposal is due four days after Ses #12.

  3. A presentation of your research proposal in class in Ses #11 and #12.


Evaluation for the course will be based on class participation, the reaction papers, and the research proposal (including presentation).

Class participation25%
Reaction papers15%
Research proposal and presentation60%


Readings are available through the library's online journal holdings; a complete list of readings can be found in the readings section. In addition, please purchase the following two books at or your local bookstore:

Amazon logo Frieden, Jeffry A. Global capitalism: Its Fall and Rise in the Twentieth Century. New York, NY: W.W. Norton, 2006. ISBN: 9780393058086.

Amazon logo Mosley, Layna. Global Capital and National Governments. New York, NY: Cambridge University Press, 2003. ISBN: 9780521521628.

Students are encouraged to consult a good international economics textbook such as Caves, Frankel, and Jones, World Trade and Payments or Krugman and Obstfeld, International Economics. Accessible discussions of many of the economic theories discussed in the readings can be found in Joseph Grieco and John Ikenberry, State Power and World Markets (New York: Norton, 2003) and Thomas Oatley, International Political Economy (New York: Pearson Longman, 2006). And finally, an excellent reference on the history of international monetary relations is Barry Eichengreen, Globalizing Capital (Princeton University Press, 1996). Please see readings for more details about these recommended texts.

Recommended Citation

For any use or distribution of these materials, please cite as follows:

David A. Singer, course materials for 17.424 International Political Economy of Advanced Industrial Societies, Spring 2007. MIT OpenCourseWare (, Massachusetts Institute of Technology. Downloaded on [DD Month YYYY].


2Background and theoretical orientation
International trade
3Industries, voters, and cleavages
4Institutional and structural perspectives
International monetary and financial relations
5Theoretical orientation and background
6Exchange rate regimes and currency crises
7International capital mobility and domestic policymakingOne-page research prospectus due
8Capital account openness
9Foreign direct investment
International political economy and security
10Conflict and economic interdependence
11-12Student presentationsResearch proposal due 4 days after Ses #12


© 2009-2020, All Rights Reserved.
Higher Ed Space ® is a registered trademark of AmeriCareers LLC.