IPE1617 Intro I
IPE1617 Intro I
IPE1617 Intro I
political economy
The academic discipline that explores the relationship between individuals and society,
and between markets and the state, using methods drawn from economics, political
science and sociology
The branch of social science that deals with the production, distribution, and consumption
of goods and services and their management
The study and use of how economic theory and methods influences political ideology.
Political economy is the interplay between economics, law and politics, and how
institutions develop in different social and economic systems, such as capitalism,
socialism and communism. - www.investopedia.com/terms/p/political-economy.asp
Economics is practically the study of wealth while politics is the study of power. Political
economy is thus, the study of wealth and power and how these shape governance.
Session 1 : INTRODUCTION (I)
3/23/17 6
POEC 3053 - Theories of Political Economy
Political economy is (2)
POWER +
WEALTH
GOVERNANCE
Session 1 : INTRODUCTION (I)
3/23/17 POEC 3053 - Theories of 7
Political Economy
International Political Economy is
The study of economic relations, the politics of trade and monetary transactions among
nations and their connection to other transnational forces
The study of the intersection of politics and economics that illuminates the reasons
why changes occur in the distribution of wealth and power among states
The study of economic relations, the politics of trade and monetary transactions among
nations and their connection to other transnational forces
The study of the intersection of politics and economics that illuminates the reasons
why changes occur in the distribution of wealth and power among states
I can make the next ones are all the more interesting if you
read ahead and participate in the class discussions.
Thank you!
MjAN