I. Basic Terminology:

I. Basic Terminology: Be able to incorporate as many of of the following basic political economic terms as possible into one essay of choice from the second category. Class lecture notes may be used for defining the listed terms as well as the Charles Wheelan textutal readings.** Do be certain to incorporate other useful data from lectures notes. the Wheelan text. and various suggested scholarly IPE books and articles as well.** David Ricardo. "Comparative Advantage." "The Iron Law of Wages." and "Theory of Rents." Anne-Robert Turgot and Jean-Baptiste Say Physiocrats Charles Fourier and Count Sainte-Simon Utilitarianism Karl Man William Stanley Jevons and Leon Walras Historical Economics and the Kilarshallian School East Asian Model of Developement Export Oriented Strategy Rent Seeking Structural Adjustment Programme Efficiency Oriented Investment Foreign Direct Investment Horizontal Integration Intangible Asset Locational Advantages Market Oriented Investment Natural Resource Investment Positive Externalities Specific Asset Vertical Integration Calvo Doctrine Export Processing Zone Locafional Incentives Multilateral Agreement on Investment Obsolescing Bargain Performance Requirement Trade Related Investment Measures United Nations on Permanent Sovereignty over Natural Resources Balance of Payments and Balance of Payments Adjustment Bretton Woods System Capital Account Conditionality Current Account Exchange Rate System and Exchange Restrictions Fixed Exchange Rate System and Fixed but Adjustable Exchange Rate System Floating Exchange Rate System Foreign Exchange Market Foreign Exchange Reserves Fundamental Disequilibrium Managed Float Speculative Attacks Stabilization Fund European Monetary System International Investment Position Louvre Accord. Monetary Accord. and Plaza Accord Target Zone Phillips Curve II. Essay Topics: Answer any one of the following question in one essay tallying 5-8 pages. 1. Who was David Ricardo? Illustrate and explain his economic theories? Were they accurate? Might they be useful in the present? 2. In what ways did the French Enlightenment era help create the study of modern economics? Illustrate and explain all key figures and their philosophies. Are they influences found still in the modern global economy? If so. in which ways? 3. Who was Jean Baptiste Say? Why is he important in IPE? Explain. 5. Who was Karl Marx? What was his economic philosophy? How and why has his economic philosophy been so widespread as well as controversial? Explain. 6. What is Import Substitution Industrialisation? What are its's problems? Explain. 7. What is the East Asian Model? Should the West imitate it? What are its's strength and weaknesses? 8. What kind of economic reform is occuring in China? Is it both good and bad for China as well as the global economy? 9. What are the global community's criticisms about the WTO's treatment of developing countries? Are their complaints valid? 10. What are Multinational Corporations? Explain their evolution by illustrating examples of the first to evolve slowly thousands of years ago as well as the first global businesses to appear in the modem age. How are these kinds of businesses influencing the modern world economy in a positive or negative way? Should MNC's be regulated by the international community. Defend your point. 11. What is the International Monetary System? What are its' problems? How can payments imbalances become remedied? 12. What is the Bretton Woods System? Who created it, when, and why? Is it still used in the present? What were its' strengths and weaknesses? 13. What International Monetary System conflicts have occured since the 1970's? Have the international powers involved solved these problems? 14. How has the European Union cooperated in global currency exchange rates? Have they been better team players than America? 15. Why are some people as well as nations righer than others? Wheelan source to be used as a source. 16. What can financial markets indicate about becoming wealthy very quickly. Wheelan source to be refrenced as well. 17. What does economics indicate about politics and vice versa? What are special interest groups?(Wheelan data necessary). 18. What indicators are necessary to determine a successful and thriving economy? What factors cause economies to surpass others yet eventually decline? Does a powerful economy always indicate a prosperous society for most everyone?(Wheelan data to be used as well).19. What is the Federal Reserve? Is it a force of good, bad or both? (Wheelan material to be consluted as wel The Age of Supply: Overcoming The Greatest Challenge To The Global Economy by Daniel Alpert Open Secret: The Global Banking Conspiracy That Swindled Investors Out of Billions by Erin Arvedlund Europe's Financial Crisis: A Shorty Guide To How The Euro Fell Into Crisis And The Consequences For The 14 by John Authers Poor Economics by Abhijit V. Banerjee and Easther Duflo In Defence of Globalisation by Jhagdish Bhagwhati The Globalisation of Inequality by Francois Bourguignon Economics: The User's Guide by Ha-Joon Chang The Money Machine: How the City Works by Philip Coggan The Great Escape: Health, Wealth. And The Origins of Inequality by Angus Deaton Globalising Capital: A History of the International Monetary System Exorbitant Priviledge. and Hall of Mirrors by Barry Eichengreen The Ascent of Money by Niall Ferguson The Next 100 Years: A Forecast for the 21st Century by George Freeman Inequality and Instability and The End of Normal by James K. Galbraith That Used To Be Us by Thomas K. Friedman and Michael Mandelbaum The Undercover Economist by Tim Harford An End to Poverty? A Historical Debate by Gareth Stedman Jones Money: The Unauthorised Biography by Felix Martin Capitalism and Modern Social Thought and The Third Way by Anthony Giddens The Map and The Territory 2.0: Risk, Human Nature, And The Future of Forecasting by Alan Greenspan Network Power: The Social Dynamics of Globalisation by David Singh Grewal Global Community: The Role of International Organisations in the Making of the Contemporary World by Akira !dye End This Depression Now by Paul Krugman The Geneva Consensus: Making Trade Work For All by Pascal Lamy Crisis in The Eurozone and Proftiting Without Producing: How Finance Exploits Us All by Costas Lapavitsas The Future of Power by Joseph Nye The Little Big Number by Dirk Phlilipsen Currency Wars: The Making of the Next Global Crisis by James Rickards The Globilization Paradox: Democracy and the Future of the World Economy by Dani Rodrik Who Gets What and Why by Alvin E. Roth The Failure of Political Islam and Globalised Islam by Olivier Roy Crisis Economics: A Crash Course In The Future of Finance by Howie! Roubini and Stephen Llihm What Money Can't Buy by Michael J Sande! Austerity: The Great Failure by Florian Schui Developement as Freedom and The Idea of Justice by Amartya Sen. Irrational Exuberance by Robert J. Shiller One World by Peter Singer The Roaring Nineties and The Price of Inequality by Joseph Stiglitz The Great Deformation: The Corruption of Capitalism in America by David A. Stockman Misbehaving: The Making of Behavioral Economics by Richard H. Thaler The Age of Cryptography by Paul Vigna and Michael J. Casey Does Capitalism Have a Future? by Immanuel Wallerstein. Randall Collins. Michael Mann. Georgi Derluguian and Craig Calhoun Fixing Global Finance and The Shifts and The Shocks: What We've Learned-And Have Still To Learn-from the Financial Crisis by Martin Wolf Creating a World Without Power by Kiluhammed Yunnas **Other suggestions are welcomed.**