International Economic Policy and Management Concentration
The International Economic Policy and Management concentration prepares students for careers in international agencies, nonprofit organizations, international business and finance, and government. Students develop proficiency in international trade, finance, and economic policy analysis, giving them the conceptual and technical skills needed to understand the complex forces that drive international economic activity in this era of globalization. Course work in political economy and international relations provides students with the training to understand how the international political system and governmental institutions affect national security and foreign economic policies, and to contend with increasingly complex governance issues, such as corruption and human rights.
Students in the International concentration must take the required core course (3 points), then fulfill the requirements of one of the focus areas (6 points), and then must take 6 elective courses (18 points).
Required Course
The following course is required for the International Economic Policy & Management concentration (3 Points):
| Code | Title | Points |
|---|---|---|
| Points | ||
| EMPA U6035 | Open Economy Macroeconomic Analysis | 3 |
Trade and Finance Focus Area
Students must complete 6 points:
| Code | Title | Points |
|---|---|---|
| Points | ||
| EMPA U6017 | International Trade and Development | 3 |
| EMPA U6018 | International Finance and Monetary Policy | 3 |
International Politics Focus Area
Students must complete 6 points:
| Code | Title | Points |
|---|---|---|
| Points | ||
| EMPA U6237 | Global Context of Policymaking | 3 |
| EMPA U8500 | Issues in Contemporary Security and Policymaking | 3 |
Political Economy Focus Area
Students must complete 6 points:
| Code | Title | Points |
|---|---|---|
| Points | ||
| EMPA U6230 | Political Economy Seminar | 3 |
| EMPA U6233 | International Political Economy | 3 |
Electives
Select 6 of the following to complete the International Economic Policy & Management concentration (18 Points)
| Code | Title | Points |
|---|---|---|
| Points | ||
| EMPA U6425 | Communicating in Organizations | 3 |
| EMPA U6036 | Strategic Corporate Social Responsibility | 3 |
| EMPA U6510 | Managing Social and Economic Risk: Comparative Public Policy Approaches | 3 |
| EMPA U6017 | International Trade and Development | 3 |
| EMPA U6018 | International Finance and Monetary Policy | 3 |
| EMPA U6230 | Political Economy Seminar | 3 |
| EMPA U6233 | International Political Economy | 3 |
| EMPA U8500 | Issues in Contemporary Security and Policymaking | 3 |
| EMPA U6237 | Global Context of Policymaking | 3 |
2-Year Sample Program
Two-Year Option with IEPM concentration
| Year 1 | |||||
|---|---|---|---|---|---|
| Fall | Points | Spring | Points | Summer | Points |
| EMPA U8200 | 3 | EMPA U8216 | 3 | EMPA U6237 | 3 |
| EMPA U8213 | 3 | EMPA U8201 | 3 | EMPA U6233 | 3 |
| EMPA U6425 | 3 | EMPA U6310 | 3 | EMPA U6035 | 3 |
| 9 | 9 | 9 | |||
| Year 2 | |||||
| Fall | Points | Spring | Points | ||
| EMPA U6010 | 3 | EMPA U8500 | 3 | ||
| EMPA U6017 | 3 | EMPA U9500 | 3 | ||
| EMPA U6018 | 3 | EMPA U6560 | 3 | ||
| 9 | 9 | ||||
| Total Points: 45 | |||||
3-Year Sample Program
Three-Year Option with IEPM concentration
| Year 1 | |||||
|---|---|---|---|---|---|
| Fall | Points | Spring | Points | Summer | Points |
| EMPA U8200 | 3 | EMPA U8201 | 3 | EMPA U6035 | 3 |
| EMPA U8213 | 3 | EMPA U8216 | 3 | ||
| 6 | 6 | 3 | |||
| Year 2 | |||||
| Fall | Points | Spring | Points | Summer | Points |
| EMPA U6010 | 3 | EMPA U8500 | 3 | EMPA U6237 | 3 |
| EMPA U6425 | 3 | EMPA U6310 | 3 | ||
| 6 | 6 | 3 | |||
| Year 3 | |||||
| Fall | Points | Spring | Points | Summer | Points |
| EMPA U6018 | 3 | EMPA U9500 | 3 | EMPA U6233 | 3 |
| EMPA U6017 | 3 | EMPA U6560 | 3 | ||
| 6 | 6 | 3 | |||
| Total Points: 45 | |||||
EMPA U6035 Open Economy Macroeconomic Analysis. 3 Points.
Category: EMPA: Core
Summer 2021 Course Dates: May 24 - July 30
This course examines key issues in open economy macroeconomics, including the foreign exchange market, international monetary arrangements, the balance of payments and current account imbalances, national income accounting, the effectiveness of monetary and fiscal policies in open economies, the determinants of exchange rate changes, and the economics of monetary integration. The course is policy-oriented, analyzing case studies and issues relating to the current global economic and financial crisis, the U.S. budget and current account deficits, the value of the dollar, the Japanese economy, Chinese trade and the value of the yuan, the operation of the European Monetary System, the European Central Bank and the crisis over the euro, the international transmission of economic disturbances, and other related topics.
| Term | Section | Call Number | Instructor | Times/Location |
|---|---|---|---|---|
| Summer 2021 | 001 | 12371 | Francisco Rivera-Batiz | W 6:30pm - 9:30pm Online Only |
EMPA U6017 International Trade and Development. 3 Points.
Category: EMPA: Int’l Econ Policy
Open to EMPA Students Only
An exploration of the basis of trade, the gains from trade, and the impact of trade on growth, employment, and income through in-depth analysis and case studies, simulations and policy debates. Topics discussed include the theory of comparative advantage, "new" trade theory, the terms of trade, protectionism in theory and practice, customs unions, the impact of the internationalization of produc�tion on trade, and contemporary debates, such as the role of environmental and labor standards in trade agreements and the effect of trade on poverty.
| Term | Section | Call Number | Instructor | Times/Location |
|---|---|---|---|---|
| Fall 2021 | 001 | 16179 | Andrea Bubula | Sa 11:00am - 12:50pm 407 International Affairs Bldg |
EMPA U6018 International Finance and Monetary Policy. 3 Points.
Category: EMPA: Int’l Econ Policy
EMPA Students Only
Examines international finance and the institutions and principles governing the functioning of the international monetary system. Among the topics discussed are the structure, operation, and stability of foreign exchange markets, the causes and consequences of international accounts disequilibria, the mechanisms of balance-of-payments adjustment, the merits of different exchange rate regimes, financial crises, the effects of international capital mobility on trade, growth, and employment, and the problem of international policy coordination.
EMPA U6237 Global Context of Policymaking. 3 Points.
Category: EMPA: Core
Summer 2021 Course Dates: May 24 - July 30
This course addresses the question of how multilateralism may facilitate policy making in meeting global challenges. The readings, discussions, and guest speakers survey emerging issues in the debate on global governance. Special attention is given to the role of international institutions, including the United Nations, regional organizations, and international financial institutions. Pressing security issues are discussed, including terrorism, weapons of mass destruction, and prospects for peacebuilding in war-torn societies. Attention then turns to global policies on investment and trade, combating poverty, and sustainable development.
| Term | Section | Call Number | Instructor | Times/Location |
|---|---|---|---|---|
| Summer 2021 | 001 | 12373 | Naomi Weinberger | T 6:30pm - 9:30pm 407 International Affairs Bldg |
EMPA U8500 Issues in Contemporary Security and Policymaking. 3 Points.
Category: EMPA: Global Policy Studies
Not offered during 2021-22 academic year.
This course examines central issues in contemporary international security policy such as causes of war, American primacy, rising major powers, international and civil wars, the spread of weapons of mass destruction, unconventional warfare, crisis management, standards for legitimate use of force, and key concepts in the study of international politics and conflict.
EMPA U6230 Political Economy Seminar. 3 Points.
Category: EMPA: Global Policy Studies, EMPA: Int’l Econ Policy
Open to EMPA Students Only
This seminar surveys the defining political economy issues of our time. It explores the interplay between politics and economics in the substantive issue areas of trade, finance, investment, development, and redistribution. The seminar surveys the most provocative, influential contributions in multiple disciplines utilizing a wide range of research methods. Contemporary debates are studied in depth, including the fragmentation of production, causes and consequences of financial crises, growing inequality, economic development challenges, and the determinants of public goods provision. The course equips students with the conceptual and empirical tools to better understand current developments, provides exposure to multiple perspectives, and builds confidence in development one's own point of view.
| Term | Section | Call Number | Instructor | Times/Location |
|---|---|---|---|---|
| Fall 2021 | 001 | 16182 | Yumiko Shimabukuro | Th 6:10pm - 9:00pm 407 International Affairs Bldg |
EMPA U6233 International Political Economy. 3 Points.
Category: EMPA: Global Policy Studies, EMPA: Int’l Econ Policy
Summer 2021 Course Dates: May 24 - July 30
This course serves as an introduction to the politics of international economic relations. We examine the history, structures, and institutions of the international political economy (IPE) and the theories that seek to explain them. The first half of the course is devoted to the IPE of trade, international monetary and financial affairs, globalization, and inequality. The second half explores the IPE of foreign aid, public health, energy, intellectual property, and migration through illuminating cases and group presentations. Students need not have an extensive background in international economics to complete this course satisfactorily, but those not familiar with basic economic principles will find several sections of the class challenging.
| Term | Section | Call Number | Instructor | Times/Location |
|---|---|---|---|---|
| Summer 2021 | 001 | 11042 | Arvid Lukauskas | M 6:30pm - 9:30pm Online Only |
EMPA U6425 Communicating in Organizations. 3 Points.
Category: EMPA: Management & Innovation
Open to EMPA Students Only
Communicating in Organizations is a survey course that explores aspects of day-to-day managerial communication, relating to presentations and other high-profile moments, as well as more routine elements of interpersonal communication. The course uses many teaching techniques: short lectures, individual and group exercises, video-recorded presentations, role plays, case discussions, video clips, and writing assignments. It is highly experiential with exercises or presentations scheduled in most sessions.
| Term | Section | Call Number | Instructor | Times/Location |
|---|---|---|---|---|
| Fall 2021 | 001 | 16186 | Joann Baney | Th 6:10pm - 8:00pm 402b International Affairs Bldg |
EMPA U6036 Strategic Corporate Social Responsibility. 3 Points.
Category: EMPA: Management & Innovation, EPD:Economic, EPD:Sustainable, HRHP, Management
This course will introduce students to the global context of CSR through comparative business perspectives. After considering the theoretical frameworks for undertaking CSR activities the course will addresses a number of public policy issues facing globalizing companies through a series of case studies. Under examination is the manner in which business and ethical considerations have impacted upon different social, labor, and environmental challenges. We will be asking students to consider: to what extent such factors have been, and will be, part of the corporate strategy decision-making process; why companies are having to adapt (or not) to different pressures; and whether they might sometimes be going above and beyond the standards required by regulation.
| Term | Section | Call Number | Instructor | Times/Location |
|---|---|---|---|---|
| Fall 2021 | 001 | 16180 | Todd Jacobson | M 6:10pm - 8:00pm 501b International Affairs Bldg |
EMPA U6510 Managing Social and Economic Risk: Comparative Public Policy Approaches. 3 Points.
What motivates governments to protect citizens from economic hardships by implementing social welfare programs instead of relying on private market solutions? What explains the quantitative and qualitative variation in social protection schemes across countries with similar income levels? This course explores these issues by examining the politics, economics, and history behind the creation and maintenance of social welfare systems in advanced industrialized countries. It introduces students to key concepts and recent research in the field of social policy. Through the case method, small group exercises, and panel presentations, this course provides a forum for students to engage, debate, and write about contemporary trends such as aging, fiscal austerity, housing crisis, and technological and social innovation. This course also offers various tools—the fundamentals of knowledge transfer, contingency planning, relaxation strategies, and body language—to assist you in improving and diversifying your oral presentation skills.
EMPA U8500 Issues in Contemporary Security and Policymaking. 3 Points.
Category: EMPA: Global Policy Studies
Not offered during 2021-22 academic year.
This course examines central issues in contemporary international security policy such as causes of war, American primacy, rising major powers, international and civil wars, the spread of weapons of mass destruction, unconventional warfare, crisis management, standards for legitimate use of force, and key concepts in the study of international politics and conflict.