PEES - Course plan .docx - EB, 3rd semester: Political...

EB, 3rd semester: Political Economy of European States – Autumn
2019
WEEK THEMES AND READING FOR LECTURES THEMES & READING FOR
LESSONS
Week 36
Lecture 1
KMG
Introduction and overview of the course.
Historical background, i nstitutional diversity and
clusters, economic development and diversity.
McCann Ch. 2 Diverse Europe Under Stress
Bale Ch.1 pp1-16
NO EXERCISE CLASS IN
WEEK 36 – ONLY THE
LECTURE
Week 37
Lecture 2
CSL
Macroeconomic concepts (3 hours)
Business cycle, GDP/GNP, aggregate demand,
aggregate supply, policy instruments, policy
conflicts, equilibrium in the economy, injections
and withdrawals (investment, government
spending, exports, savings, taxation, imports).
Sloman et al Ch. 15, pp457-462
Gillespie Ch. 16 & 17 pp339-356
(1 hour)
European forms of
government & governance –
institutions & policy styles
Bale pp71-89 + p92
Week 38
Lecture 3
CSL
Macroeconomic concepts II (3 hours)
Money: factors influencing the demand and supply
of money, role of banks and financial institutions,
interest rates and equilibrium in the money market
Employment and inflation. Phillips curve. Budget
deficit, budget surplus.
Development of macroeconomic thinking: Classical
macroeconomics vs. Keynesian revolution.
Sloman et al Ch. 16, pp491-517
& Ch. 22. pp669-685 (minus p675)
(2 hours)
Macroeconomic governance –
institutions & policy
For student presentation :
Johnston & Regan (2018)
Week 39
Lecture 4
CSL
Macroeconomic concepts III (3 hours)
Rise of monetarism and neo-classical school.
Emerging consensus until 2008 (globalisation). The
financial crisis of 2008 and the search for a new
consensus.
Poverty & inequality: Objective v subjective,
absolute v relative poverty, measures such as % of
median income, multi-dimensional deprivation.
Inequality of income v wealth, the Gini coefficient.
Gillespie Ch. 23 pp470-482
Dauderstädt (2019)
UN Dep’t of Economic & Social Affairs (2015)
(2 hours)
Financial systems
McCann Ch. 5 pp95-117
For student presentation :
OECD Economic Survey:
United Kingdom. Oct. 2017
pp14-33
Week 40
Lecture 5
KMG
Political economy of the UK (2 hours)
Macroeconomy & governance, financial system &
corporate ownership. Welfare state, labour markets
& immigration policy. Poverty & inequality.