Class notes
HUMANITIES AND SOCIAL SCIENCES SCHOOL OF ECONOMICS. XEA 102: INTRODUCTION TO POLITICAL ECONOMY
- Course
- Institution
HUMANITIES AND SOCIAL SCIENCES SCHOOL OF ECONOMICS. XEA 102: INTRODUCTION TO POLITICAL ECONOMY
[Show more]
Seller
Follow
Content preview
lOMoAR cPSD| 46526984HUMANITIES AND SOCIAL SCIENCESSCHOOL OF
ECONOMICS.
XEA 102: INTRODUCTION TO POLITICAL ECONOMY
INSTRUCTOR: MBUTU SAMUEL (PhD)
COURSE DESCRIPTION, ORGANIZATION AND REQUIREMENTS
The aim of this course is to introduce students to the subject matter of Political Economy. After
defining the subject matter; the course proceeds to analyze the contributions of scholars such as
John Me Vickar, Adam Smith, David Ricardo, I.R Malthus, J.S. Mill, Karl Marx and V.1, Lenin,
to the understanding of Political Economy. In particular, it disaggregates Mercantilism and
Physiocracy as two distinct schools of thought within Classical Political Economy. Among the key
concepts to be analyzed include; production, commodities, use and exchange value, labor theory
of value, surplus value, wealth (production, distribution and consumption); capital, means,modes,
exploitation, feudalism, the market and peasant production. Similarly, the course will examine
underdevelopment and economic growth models (Ake, Frank, Rodney, Marxist dialectics,
Rostow’s stages of development, economic dualism; IMF/ World Bank). The course ends by
looking at the role of foreign aid, Regional Integration, Globalization, Devolution.
COURSE OUTLINE
LECTURE ONE: Introduction,
✔ The Concept of Political economy
● What is politics?
● What is the Economy?
● What is Political Economy
1
, lOMoAR cPSD| 46526984
✔ Theoretical Perspectives of Political Economy
• Liberalism
• Mercantilism
• Marxism
✔ The Concept of a theoretical Trilemma
LECTURE TWO: The Concept of Labor
● Conceptualization of labor
● Role of labor in the production process
● Factors that can improve labor
● Labor as a true source of wealth
● Labor as not a true source of wealth
LECTURE 3: The Concept of Mode of Production
● Conceptualization of a mode of production
● Capitalistic Mode of Production
● Socialistic Mode of Production
● Marxist Mode of production
LECTURE 4: The Concept of Imperialism
● Conceptualization of Imperialism
● Types of Imperialism
● Characteristics of Imperialism
● Reasons for imperialism
● Characteristics of Imperialistic capital
LECTURE 5: The Concept of Economic Growth and Under-development
● Conceptualization of growth, development and under development
● Measurements of Economic development
2
, lOMoAR cPSD| 46526984
● Sustainable Development
● Reasons for Africa’s under development from a political economies perspective
LECTURE 6: Theories of Development
● Dependency Theory
● Modernization Theory
LECTURE 7: The Political Economy of Peasantry
● Understanding the Core vs the periphery debate
● Arguments for the core vs the periphery debate
● Understanding the Third world states
● Characteristics of the third world states
LECTURE 8: The Political Economy of Foreign Aid
● Conceptualization of Foreign Aid
● Key terms used in Foreign Aid
● Types of Foreign Aid
● Arguments for Foreign Aid
● Arguments against Foreign Aid
LECTURE 9: Regional Integration
● Conceptualization of Regional Integration
● Theories of Regional Integration
● Arguments for Regional Integration
● Arguments against Regional Integration
● Why EAC is relevant to each Member state
LECTURE 10: The Political Economy of Devolution
● Conceptualization of Devolution
✔ Milestones of Devolution
✔ Setbacks of Devolution
● Way Forward with Devolution
3
, lOMoAR cPSD| 46526984
LECTURE 11: The Political Economy of Globalization
● Conceptualization of Globalization
✔ Drivers of Globalization
✔ Benefits of Globalization
✔ Dangers of Globalization
● Mitigating the dangers of Globalization
REFFERENCES
Ajulu, R. (2005), The Making of A Region: The revival of the East African Community: Midrand
South Africa. Institute for Global Dialogue
Ake, C. (1981). A Political Economy of Africa. London: Longman
Amin, S. (1974). Accumulation on a World Scale, New York: Monthly Review Press.
Arrighi, G and Saul, J. (1973), Essays on the Political Economy of Africa New York. Monthly
Review Press.
Baran, P. and Sweezy, P. (1968), Monopoly Capital. Harmondsworth: Penguin.
Belassa, B. (1961), The Theory of Economic Integration. London: Routledge.
Easterly, W. (2003). Can foreign Aid Buy Growth; Journal of Economic perspectives 17, pg. 23-
48
Emmanuel, A. (1972), Unequal Exchange. New York: Monthly Review Press.
4
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller TutorDan. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $11.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75632 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now