Instructor: Dr. Daniel W. Skubik, PhD JD
Office: J266 /
1:00-4:00PM Tuesdays-Thursdays & by app’t
Voice: 951.343.4288 / Fax: 951.343.4520
Web: http://www.calbaptist.edu/dskubik
E-Mail: dskubik@calbaptist.edu

 

Political Economy

POL 395
Tuesdays/Thursdays,
11:00AM-12:20PM

California Baptist University
Fall Semester 2007

 

This course in political economy explores the relationship between economics and politics, and provides both a description and assessment of the national and global economies.  This entails an overview of economic theory, macroeconomics, microeconomics, international economics and globalization.

 

A combined socratic-seminar format will be followed, allowing students to gain confidence in their knowledge of political economy historical and contemporary context. Thus, by the end of this course, students should be able to:

1)      Discuss the contributions of economic theorists, such as Adam Smith, D. Ricardo, J. M. Keynes, F. A. Hayek, and other prominent scholars in the field of political economy.

2)      Explain important macroeconomic concepts, such as inflation, unemployment, federal debt, fiscal and monetary policies.

3)      Discuss essential microeconomic concepts, such as free markets, elasticity, marginal rates and taxes, and human capital.

4)      Discuss some endogenous and exogenous barriers to economic development and identify possible remedies for each impediment.

5)      Identify several factors that have contributed to globalization and discuss some possible reasons for supporting and opposing this phenomenon.

 

 

Required Texts

D.W. Drezner, All Politics is Global: Explaining International Regulatory Regimes (Princeton University Press, 2007, 0691096414, hardcover)

P. Rivoli, The Travels of a T-Shirt in the Global Economy: An Economist Examines the Markets, Power, and Politics of World Trade (Wiley, 2006, 0470039205 paperback)

Robin Hahnel, The ABCs of Political Economy: A Modern Approach (Pluto Press, 2002, 0745318576 paperback)

The texts are readily available, new & used, from web shops such as Amazon.com, or Barnes & Noble, as well as from the CBU Bookstore.

Other books, handouts and websites also may be referenced throughout the term, contents of which all students will be responsible.


Readings & Assignments Schedule

 

  Week #1
  (Sep 6)

  Introduction to course, requirements and expectations
  Intro to political economy

  Week #2
  (Sep 11 & 13)

  Read and Discuss – Hahnel, ch. 1
  Economics & Freedom
        *Monday, Sep 17,
3:00-5:00PM Comparative Constitutions Panel, Staples Room

  Week #3
  (Sep 18 & 20)

  Read and Discuss – Hahnel, ch. 2
  Economics & Justice          (Quiz 1)

  Week #4
  (Sep 25 & 27)

  Read and Discuss – Hahnel, ch. 3 & 4
  Models & Markets          [Aim to have finished Part I of Rivoli]

  Week #5
  (Oct 2 & 4)

  Read and Discuss – Hahnel, ch. 5 & 6
  Micro & Macro Models          (Quiz 2)

  Week #6
  (Oct 9 & 11)

  Read and Discuss – Hahnel, ch. 7 & 8
  Finance & International Economics          [Aim to have finished Part II of Rivoli]
       11th: Elect to take the MidTerm or Final Examination

  Week #7
  (Oct 16 & 18)

  Read and Discuss – Hahnel, ch. 9 & Legatum Prosperity Index (pdf file on Bb)
  Macro Models of IPE
            (Quiz 3)

  Week #8
  (Oct 23 & 25)

  MidTerm Examination Week
  “Takers” will vote to select MidTerm day; the other day will be free for study

  Week #9
  (Oct 30 / Nov 1)

  Read and Discuss – Drezner, ch. 1
  Theory & Great Powers          [Aim to have finished Part III of Rivoli]
          30th: Sign-up for essay assignment no later than today
           1st: Sign-up for team and arrange topic & date with instructor

  Week #10
  (Nov 6 & 8)

  Read and Discuss – Drezner, ch. 2
  Theory of Outcomes          (Quiz 4)

  Week #11
  (Nov 13 & 15)

  Read and Discuss – Drezner, ch. 3
  Governance Typologies          [Aim to have finished Part IV of Rivoli]

  Week #12
  (Nov 20 & 22)

  Read and Discuss –  Drezner, ch. 5, Int’l Finance           (Quiz 5)
          Submit your review essay no later than beginning of class to earn extra credit
  22nd – no class, Thanksgiving holiday break

  Week #13
  (Nov 27 & 29)

  Presentations

  Week #14
  (Dec 4 & 6)

  Presentations
          4th: Review Essay due to Bb no later than beginning of class

  Week #15
  (Dec 13)

  Final Examination, 8:00 – 10:00AM
          
per University Catalog


Assessment & Grading Scale

  Review Essay = 20%

  90 - 100 = A range  (90-94 = A-)

  Quizzes = 20% (4 @ 5% each)

  80 - 89 = B range  (80-83 = B-  /  87-89 = B+)

  MidTerm or Final Exam = 30%

  70 - 79 = C range  (70-73 = C-  /  77-79 = C+)

  Team Presentation = 30%

  60 - 69 = D range  (60-63 = D-  /  67-69 = D+)

 

  0 - 59 = F

 

 

 

Review Essay

An individual essay is due through Blackboard no later than the beginning of class, December 4th. The essay should address selected key issues and personalities of the student’s choice involved in or surrounding the Rivoli book—with the instructor’s prior input and consent. The essay should run ~1800-2000 words (~7-8 pages in standard format). N.B. You must sign up for a selection of issues with the instructor no later than October 30th before you complete this assignment; no more than four (4) students will be permitted to analyze any single issues set. You can submit your essay before the due date for extra credit: no later than beginning of class on November 20th earns 5% extra credit. Late submissions will not be accepted for grading.

 

 

Quizzes

 

There will be 5 quizzes given during the term, though only your best 4 quizzes will count towards your final grade for the course. Students will form small, stable study groups of 2-3 students each by the beginning of the third week of classes, for the duration of the term. Quizzes will be taken by each group as a group, with the quiz mark shared by those present and taking the quiz at any particular time. The quizzes are objective in nature (true/false, multiple choice, fill-in the blank, matching, etc), concerning readings and discussions most recently covered in the previous class session. Make-ups for missed quizzes ordinarily will not be arranged.

 

 

MidTerm & Final Examinations

 

A MidTerm and Final examination will be given per the syllabus schedule. You will elect to take one of these exams, and must commit ahead of time to one no later than Oct 11th.  N.B. If you do not sign-up for the MidTerm, you will not be permitted to take it and will be expected to take the Final. Neither can you sign-up for and then fail to take the MidTerm, and hope to take the Final. The exams are not comprehensive, but will cover all the materials and discussions assigned from Sep 6 – Oct 18 for the MidTerm, and Oct 30 – Dec 6 for the Final. Unlike the quizzes, the exams will be taken individually, not in groups.

 

Specific guidance as to each exam’s length and specific requirements will be proffered before the test dates. Format generally will emphasize short answer and essay questions, requiring application of cases, concepts and principles in relation to the topics covered in class.

 

Each exam is closed book/open notes. This means you are permitted to bring to the exam one standard-sized page (8½” x 11”) of notes you have personally prepared, front and back, without regard to print-size or margins. Other materials, such as website printings or professionally prepared texts or notes, are not permitted. Make-ups for examinations ordinarily will not be arranged.

 

 

Team Presentations

 

Students will self-select for teams (each team comprising at least two students and no more than four students, and need not equate with quiz groups), for preparation and presentation to class of a research project in political economy (topic to be arranged with instructor). Teams should be set, with topics and dates agreed with the instructor no later than Nov 1st. The presentation should run ~20 minutes, and use of audio-visual equipment/material is encouraged. The team should compose one copy of a full-form outline for submission to instructor to accompany the actual presentation. All team members must be present at the presentation time to earn credit for the assignment, even if not all team members are involved in its delivery. Each team member will earn the same mark for assessment of the combined outline/presentation (10% outline + 20% presentation = 30% total). The instructor will solicit, and use as discretion advises, class assessment of the presentation when preparing grades.

 

 

Extra Credit Work

 

Extra credit options can be made available, either to replace a missed quiz or to replace a low-scoring quiz. One opportunity is to attend the Comparative Constitutions panel on Monday, Sep 17th, beginning at 3:00PM in the Staples Room, and to write a brief (~300 word) essay on a topic arranged with the instructor and linked to that panel discussion. Too, extra credit will be awarded for early submission of your Review Essay (see above). Other opportunities will be made available as necessary, typically requiring analysis of some issue in political economy, national or international in scope.

 

 

CBU Statement on Academic Dishonesty

 

Faculty in the College of Arts & Sciences (CAS) have been asked to include the following statement in all our syllabi. Do speak with your instructor if at any time you have questions or concerns about this statement and its meaning for or application in your classes.

 

Academic dishonesty (cheating, plagiarism, copying, and other forms) will be reported to the Dean of Students. Judicial sanctions for offense [sic] are handled on a case-by-case basis depending on the seriousness of the violation, prior violations and other factors. Judicial sanctions may include, but are not limited to, loss of a letter grade or failure in the course in which the offense occurred, suspension, and/or dismissal from the University. A detailed discussion of academic dishonesty is located in the Student Handbook.

 

Source: 2006-2007 Undergraduate Catalog, at p.80

 

Caveat

This syllabus schedule is composed in good faith, with a schedule of readings and assignments that will guide us throughout the term. Still, the instructor reserves the right to make adjustments to this schedule as deemed necessary for the overall enterprise of the course. Any changes will be communicated as far in advance as feasible, and you are responsible for knowing if and when any changes have been made.