Assignment:
Here is the list of potential essay topics. Choose two prompts and write two separate 5 to 8 page essays for a total of 10 to 16 pages.
1) What is International political economy? Illustrate and explain the various IPE thought schools? Which of them seems most applicable in the modern age? Argue and defend your point.
2) What is the global economy? Illustrate and explain its' evolution. Is it good, bad or a bit of both?
3) What is the World Trade Organisation? Explain its creation and purpose? Has it proved itself positively in promoting balanced global trade? What challenges doe the WTO presently face?
4) What is the Doha Round? Has it been effective concerning solving important global economic issues?
5) What is the economic argument for trade? What factors can enforce fair trade? What factors also hinder it?
6) What are various approaches to trade policy? Which may foster fairer global trade?
7) What factors are needed to create successful trade and developement? Will these factors contribute to economic well being? Explain.
8) What are Money Markets? How did they operate? Explain.
9) What are Incentives? Why are they important? Illustrate and explain examples.
10) Are tax cuts beneficial for improving an economy especially after a recession? Argue and defend your point.
Professor Seay wrote a list of basic terminology to include. They should be defined from lecture notes and the Wheelan textbook. You do not have to include all of them; they should be building blocks to help your essay. These terms are listed at the bottom of this doc.
The essays should be formatted as follows:
Each section should be given a name (ex: World Trade Organization Findings).
Section I: Primary Source Paragraphs
The first section should be 5 to 8 paragraphs that use primary sources. Each paragraph needs to include footnotes that cite your sources in Chicago format. For each paragraph, you should be using 3 to 4 or 4 to 5 primary sources. This may include a classical work on political economy such as an Adam Smith book. These sources should be diverse.
In addition, you need to include 1 physical primary source. You can include up to 2. You only need 1 for the whole essay and it should be included within the text, not separately at the end.
Each paragraph needs to end with 4 to 5 "closing commentary" sentences. These should be closing thoughts about what you've illustrated through your sources.
Section II: Secondary Source Paragraphs
The second section should be 5 to 8 paragraphs that use secondary sources. Each paragraph needs to include footnotes that cite your sources in Chicago format. Each paragraph needs to have the following:
- 1 lecture note footnote (2 if necessary, but he prefers 1)
- 3 scholarly, hard-copy book footnotes (up to 5, but he prefers 3)
- 2 article footnotes (up to 3)
The lecture footnote should be in the following format:
W. Seay, "Title of Lecture", ECON 101/INTL 102, Virginia Commonwealth University Fall 2018
Each paragraph needs to end with 4 to 5 "closing commentary" sentences. These should be closing thoughts about what you've illustrated through your sources.
Section III: Comparative Analysis
The comparative analysis is 5 to 8 paragraphs where you compare and contrast primary sources against secondary sources. Basically, you're agreeing or disagreeing with scholars based on the evidence you've found in the primary sources. You're concluding with your own opinions.
You also need to prove that you've found new information and expanded on what we've learned in class.
This section doesn't need footnotes because you've already introduced all of your sources. It should be your opinions.
Section IV: Synopsis
These are your closing thoughts/insight; essentially a conclusion.
Basic Terminology:
? The WTO, NAFTA, and GATT
? NIC's and example nations
? Welfare and Distributional Consequences
? Explanatory and Evaluative Studies
? Welfare Evaluation
? Liberalism(Economically defined)
? The Philosophies of Adam Smith and David Ricardo
? Marxism
? Interests and Material Interests
? Political Institutions
? Market Liberalism
? MFN & GSP
? National Treatment and Nontariff Barriers
? Customs Union
? Dispute Settlement Mechanism
? The Doha Round
? Free Riding and Free Trade Area
? Generalised System of Preferences
? Hegemon and Hegemonic Stability Theory
? Intergovernmental Bargaining
? Ministerial Conference
? Nondiscrimination
? Public Good
? RTA
? Tariffs, Trade Creation, and Diversion
? Bargaining
? Contract Curve
? Enforcement Problem
? Factor Endowments
? Hecksher-Ohlin Model
? Nash Equilibirium
? Outside Option
? Pareto Suboptimal
? Patience
? Reciprocity
? Collective Action Problem
? Export-Oriented Sector
? Factor Mobility and Model
? Factor-Price Equalisation
? Import-Competing Sector
? Majoritarian
? Proportional Representation
? Reciprocal Trade Agreements Act
? Sector Model
? Specific Factors
? Stolper-Samuelson Theorem
? Veto Player
? Economics of Experience
? Economics of Scale
? Industrial Policy
? Infant-Industry Case for Protection
? Oligopoly
? Rents
? State Strength
? Strategic-Trade Theory
? Backward Linkages
? Big Push
? Complementary Demand
? Easy ISI
? Enclave Agriculture
? Export Substitution Strategy
? GATT Part IV
? Generalised System of Preferences
? Group of 77
? Import Substitution Industrialisation
? Monoexporters
? New International Economic Order
? Pecuniary External Economics
? Secondary ISI
? Singer-Prebisch Theory
? Structuralism
? Terms of Trade
? United Conference on Trade and Development
? LIBOR
? Central Banking
? Equity Market Bubbles
? "Toxic Assets"
? Lehman Brothers and Bear Stearns
? Paul Volcker