Carnegie Mellon University

Foundations of Political Economy

Course Number: 84-110

Political Economics studies the interplay between economics and politics. Politicians, for example, may deviate from welfare-maximizing policies due to political pressures. Conversely, the economic and political consequences of policy decisions can shape the choices of future governments. The course will provide a broad, accessible introduction to the key issues in micro and macroeconomics, international economics, and financial markets, emphasizing those most valuable to understanding the interaction of politics and economics. The course will examine core economic concepts to illuminate how economies work, what constraints governments face, and what the welfare implications are of policy choices. From there, the course will expand to illustrate the political and ideological influences on monetary policy and central banking, the political factors shaping economic crises, the international factors influencing the implementation of domestic polices, and political influences on economic integration.

Academic Year: 2020-2021
Semester(s): Spring
Required/Elective: Required
Units: 9
Location(s): Pittsburgh (in-person + remote)

Learning Objectives

Give students the foundational knowledge of economic concepts which are necessary for a deeper understanding of political economy studies. Facilitate interpretation of current events involving political economy implications. Develop presentation skills.

Spring 2021
Tuesday and Thursday
12:20 -1:40 PM (in-person + remote)

Required course for the following IPS degrees:
BS International Relations and Politics
Additional Major in International Relations and Politics
Minor in International Relations and Politics
Minor in Politics and Public Policy