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INR481Social Sciences2 Unitsintermediate

International Economic Relations

This course examines the nature of international economic relations, focusing on the character of the international economic order since 1945. It covers dominant states in the global economy, the Bretton Woods institutions, theories of international trade, and global trade dilemmas. The course also explores the politics of foreign aid, economic sanctions, and international enforcements. It begins with pre-World War 2 economic management and extends to contemporary economic management.

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150h
Study Time
13
Weeks
12h
Per Week
basic
Math Level
Course Keywords
International EconomicsBretton WoodsForeign AidGlobalizationTrade Relations

Course Overview

Everything you need to know about this course

Course Difficulty

Intermediate Level
Builds on foundational knowledge
65%
intermediate
➕
Math Level
Basic Math
📖
Learning Type
Theoretical Focus

Course Topics

Key areas covered in this course

1

International Trade

2

Foreign Investment

3

Debt and Development

4

Globalization

5

Economic Regionalization

6

International Monetary System

Total Topics6 topics

Ready to Start

No specific requirements needed

This course is designed to be accessible to all students. You can start immediately without any prior knowledge or specific preparation.

Assessment Methods

How your progress will be evaluated (3 methods)

Assignments

Comprehensive evaluation of course material understanding

Written Assessment

Tutor-Marked Assessments

Comprehensive evaluation of course material understanding

Written Assessment

Final Examination

Comprehensive evaluation of course material understanding

Written Assessment

Career Opportunities

Explore the career paths this course opens up for you

International Economist

Apply your skills in this growing field

Policy Analyst

Apply your skills in this growing field

Trade Negotiator

Apply your skills in this growing field

Financial Analyst

Apply your skills in this growing field

Development Consultant

Apply your skills in this growing field

Industry Applications

Real-world sectors where you can apply your knowledge

GovernmentInternational OrganizationsFinancial InstitutionsConsulting FirmsResearch Institutes

Study Schedule Beta

A structured 13-week journey through the course content

Week
1

Module 1: International Economic System at a Glance

3h

Unit 1: Nexus between Economics and politics

3 study hours
  • •Read the introduction to understand the nexus between economics and politics.
  • •Study historical perspectives on the relationship between economics and politics.
  • •Examine how political concerns shape economic policy.
Week
2

Module 1: International Economic System at a Glance

3h

Unit 2: Contending Perspectives on International Economic Relations

3 study hours
  • •Identify and understand the three dominant perspectives of IPE: economic liberalism, mercantilism, and structuralism.
  • •Analyze the values, actors, and solutions emphasized by each perspective.
  • •Discuss the relationship between the three ideologists of International Economic System.
Week
3

Module 1: International Economic System at a Glance

3h

Unit 3: International Economic Management before World War 2

3 study hours
  • •Understand the processes of economic management before World War II.
  • •Examine the Mercantilist Period and its impact on global economic relations.
  • •Identify the rationale behind the decline of British Hegemony and World War I.
Week
4

Module 1: International Economic System at a Glance

3h

Unit 4: International Economic Management after World War II

3 study hours
  • •Discuss the international economic system that prevailed in the aftermath of World War II.
  • •Analyze the factors that disarticulated the Bretton Woods system in the 1970s.
  • •Examine the role of the United States in managing the international economic system.
Week
5

Module 1: International Economic System at a Glance

3h

Unit 5: Contemporary International Economic Management

3 study hours
  • •Examine the reasons for the rise of institutional frameworks in the management of the international economic system.
  • •Discuss the point rational behind the collapse of the immediate post Second World War framework.
  • •Analyze the impact of American foreign policy on the international political economy.
Week
6

Module 2: The Major Strands in the Management of International Relations

3h

Unit 1: The Western System

3 study hours
  • •Discuss the mode of economic management in the aftermath of the Second World War.
  • •Enumerate the reasons for the rise and fall of the economic institutions.
  • •Examine the role of the United States in managing the system from 1947 to 1960.
Week
7

Module 2: The Major Strands in the Management of International Relations

3h

Unit 2: The North-South System

3 study hours
  • •Discuss the History of North-South economic interaction China and account for its interaction with the west.
  • •Account for the imbalances in the economic relationship between North and South.
  • •Understand the economic implication and benefit of relationship between South and North.
Week
8

Module 2: The Major Strands in the Management of International Relations

3h

Unit 3: The East-West System

3 study hours
  • •Explain the success of East and West Economic Relation.
  • •Understand the politics that led to change in the East.
  • •Examine the forces for change in the west.
Week
9

Module 2: The Major Strands in the Management of International Relations

3h

Unit 4: The South-South System

3 study hours
  • •Understand the key argument behind South-South cooperation.
  • •Explain the impact of South-South cooperation on its development.
  • •Examine the global features for South- South integration.
Week
10

Module 3: Understanding the Role of IGOs and Transnational Corporations in the International Economic System

3h

Unit 1: World Bank

3 study hours
  • •Explain the activities, successes and failures of the World Bank.
  • •Identify areas of weakness and strength of the World Bank.
  • •Examine the politics behind the operation of the world bank towards promoting Global economy.
Week
11

Module 3: Understanding the Role of IGOs and Transnational Corporations in the International Economic System

3h

Unit 2: International Monetary Fund

3 study hours
  • •Discuss the factors responsible for the setting up of the IMF.
  • •Understand the present tasks of the IMF.
  • •Examine the politics behind the operation of IMF.
Week
12

Module 3: Understanding the Role of IGOs and Transnational Corporations in the International Economic System

3h

Unit 3: United Nations Conference on Trade and Development

3 study hours
  • •Identify the process for the establishment of the UNCTAD.
  • •State the achievements of the UNCTAD.
  • •Discuss the politics behind the operation of UNCTAD.
Week
13

Module 3: Understanding the Role of IGOs and Transnational Corporations in the International Economic System

3h

Unit 4: World Trade Organisation

3 study hours
  • •Discuss the reasons behind the setting up of the World Trade Organisation.
  • •Understand the extent to which the WTO has achieved their objectives.
  • •Identify the areas of weakness and strength of WTO.

This study schedule is in beta and may not be accurate. Please use it as a guide and consult the course outline for the most accurate information.

Course PDF Material

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Study Tips & Exam Preparation

Expert tips to help you succeed in this course

1

Review key concepts and theories from each module.

2

Focus on understanding the roles and functions of international organizations.

3

Analyze case studies of countries and regions to apply theoretical knowledge.

4

Practice answering essay questions on major topics.

5

Create concept maps linking different modules and units.

6

Allocate study time proportionally to the weight of each module in the final exam.

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