166-027 Australia in the World Political Economy

Usually 25 points of first-year politics or admission to the Bachelor of Public Policy and Management.

This subject deals with the transformation of the international political economy since World War Two and its impact on Australia. This includes an introduction to the major theories of international political economy and their critiques; an examination of the breakdown of the Bretton Woods system and the emergence of multilateral regimes for finance, trade and investment. Following this, the subject examines Australia's attempts to position itself in the rapidly changing global economy. We will look at Australia's participation in trade negotiations and examine the effect of World Trade Organisation (WTO) disciplines on Australia. We will also look at the emerging international investment regime, including the attempt to conclude the Multilateral Agreement on Investment (MAI). Students who complete this subject should have an understanding of the main arguments about globalisation and have developed research skills.

• be able to research through the competent use of the library and other information sources, and be able to define areas of inquiry and methods of research in the preparation of essays;

• be able to conceptualise theoretical problems, form judgements and arguments and communicate critically, creatively and theoretically through essay writing, tutorial discussion and presentations;

• be able to communicate knowledge ideologically and economically through essay writing and tutorial discussion;

• be able to manage and organise workloads for recommended reading, the completion of essays and assignments and examination revision;

• be able to participate in team work through small group discussions.

An essay of 2000 words 50% due mid-semester and a 2 hour exam 50% to be held during the examination period.