Political Science | World Economy in Crisis! The Political Economy of Recessions
Y200 | 9888 | Lee


Periodically, the international economy suffers from a host of
ailments, ranging from monetary crises, to recessions to productivity
slowdowns. Why do they happen, what are their effects and what can be
done about them? This course seeks to answer these questions, drawing
on both economics and political science. This course should help
students develop:

1. The methodological tools and economic background necessary to
analyze crises (ie. How do deficits, unemployment, inflation, the
dollar, trade, economic growth and taxes all relate)
2. Familiarity with the international regimes that govern the global
economy (ie. How does the international system of states impede
collective responses to crises  can international institutions
overcome this?)
3. An intuitive understanding of the domestic politics that may both
drive and flow from economic crises (ie. how do domestic institutions
impact crisis management? How do downturns impact domestic politics?)
4. A good sense of the history of crises from the Great Depression to
the 2008 financial crisis.

This is not a course in economics, assumes no prior knowledge of
economics, and will not require students to derive mathematical
formulas. Requirements for the course include a small take-home test,
a midterm on key concepts and a research paper.