General Information
This subject introduces you to Political Economy and its theoretical perspectives. You will examine the interaction between politics and economics in global relations, from the origins of the modern world economy through to the Bretton Woods system and the emergence of the current transnational global economy. You will explore key issues in the field of political economy such as global monetary and trade relations, foreign investment flows, the nature and role of multinational corporations as well as global financial institutions. The subject will provide you with an opportunity to debate on the political effects of these economic developments, and it will equip you with tools to analyse global challenges including poverty, labour migration, environment, and resource politics.
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Details
Academic unit: Faculty of Society & Design Subject code: INTR12-214 Subject title: Political Economy Subject level: Undergraduate Semester/Year: January 2025 Credit points: 10.000 -
Delivery & attendance
Timetable: https://bond.edu.au/timetable Delivery mode: Standard Workload items: - Personal Study Hours: x12 (Total hours: 84) - Recommended Study Hours
- Forum: x12 (Total hours: 24) - Weekly Forum
- Tutorial: x12 (Total hours: 12) - Weekly Tutorial
Attendance and learning activities: As successful completion of this subject is heavily dependent on participation during all scheduled sessions, attendance will be monitored. 'Class Participation' does not equate to 'Class Attendance'. Merely 'being there' is insufficient to fulfil the following criteria: contribution, collaboration, preparation, cultural sensitivity, and initiative. Most sessions build on the content of the previous one. It is difficult for a student to recover the information if a session is missed. It is the responsibility of the student to view any available recordings of weekly live sessions to catch up on any content missed and to complete set work outside class. In addition to synchronous sessions, students should plan to spend a minimum of 84 hours undertaking preparation/out-of-class work/personal study for this subject. This is intended as a general guide only for workload planning, and more time may be required depending on factors such as familiarity with the content. It is recommended students bring their laptops to class. -
Resources
Prescribed resources: No Prescribed resources.
After enrolment, students can check the Books and Tools area in iLearn for the full Resource List.iLearn@Bond & Email: iLearn@Bond is the Learning Management System at Bond University and is used to provide access to subject materials, class recordings and detailed subject information regarding the subject curriculum, assessment, and timing. Both iLearn and the Student Email facility are used to provide important subject notifications.
Additionally, official correspondence from the University will be forwarded to students’ Bond email account and must be monitored by the student.
To access these services, log on to the Student Portal from the Bond University website as www.bond.edu.au
| Academic unit: | Faculty of Society & Design |
|---|---|
| Subject code: | INTR12-214 |
| Subject title: | Political Economy |
| Subject level: | Undergraduate |
| Semester/Year: | January 2025 |
| Credit points: | 10.000 |
| Timetable: | https://bond.edu.au/timetable |
|---|---|
| Delivery mode: | Standard |
| Workload items: |
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| Attendance and learning activities: | As successful completion of this subject is heavily dependent on participation during all scheduled sessions, attendance will be monitored. 'Class Participation' does not equate to 'Class Attendance'. Merely 'being there' is insufficient to fulfil the following criteria: contribution, collaboration, preparation, cultural sensitivity, and initiative. Most sessions build on the content of the previous one. It is difficult for a student to recover the information if a session is missed. It is the responsibility of the student to view any available recordings of weekly live sessions to catch up on any content missed and to complete set work outside class. In addition to synchronous sessions, students should plan to spend a minimum of 84 hours undertaking preparation/out-of-class work/personal study for this subject. This is intended as a general guide only for workload planning, and more time may be required depending on factors such as familiarity with the content. It is recommended students bring their laptops to class. |
| Prescribed resources: | No Prescribed resources. After enrolment, students can check the Books and Tools area in iLearn for the full Resource List. |
|---|---|
| iLearn@Bond & Email: | iLearn@Bond is the Learning Management System at Bond University and is used to provide access to subject materials, class recordings and detailed subject information regarding the subject curriculum, assessment, and timing. Both iLearn and the Student Email facility are used to provide important subject notifications. Additionally, official correspondence from the University will be forwarded to students’ Bond email account and must be monitored by the student. To access these services, log on to the Student Portal from the Bond University website as www.bond.edu.au |
Enrolment requirements
| Requisites: |
Nil |
|---|---|
| Assumed knowledge: |
Assumed knowledge is the minimum level of knowledge of a subject area that students are assumed to have acquired through previous study. It is the responsibility of students to ensure they meet the assumed knowledge expectations of the subject. Students who do not possess this prior knowledge are strongly recommended against enrolling and do so at their own risk. No concessions will be made for students’ lack of prior knowledge.
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| Restrictions: |
Nil |
Assurance of learning
Assurance of Learning means that universities take responsibility for creating, monitoring and updating curriculum, teaching and assessment so that students graduate with the knowledge, skills and attributes they need for employability and/or further study.
At Bond University, we carefully develop subject and program outcomes to ensure that student learning in each subject contributes to the whole student experience. Students are encouraged to carefully read and consider subject and program outcomes as combined elements.
Program Learning Outcomes (PLOs)
Program Learning Outcomes provide a broad and measurable set of standards that incorporate a range of knowledge and skills that will be achieved on completion of the program. If you are undertaking this subject as part of a degree program, you should refer to the relevant degree program outcomes and graduate attributes as they relate to this subject.
Subject Learning Outcomes (SLOs)
On successful completion of this subject the learner will be able to:
- Identify, analyse, evaluate and communicate broad and coherent theoretical and technical knowledge of Political Economy.
- Independently and in teams, generate and transmit solutions to unpredictable and sometimes complex problems of Political Economy.
- Apply Political Economy knowledge and skills to professional work and/or further learning, demonstrating well-developed judgement and responsibility.
Generative Artificial Intelligence in Assessment
The University acknowledges that Generative Artificial Intelligence (Gen-AI) tools are an important facet of contemporary life. Their use in assessment is considered in line with students’ development of the skills and knowledge which demonstrate learning outcomes and underpin study and career success. Instructions on the use of Gen-AI are given for each assessment task; it is your responsibility to adhere to these instructions.
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Assessment details
Type Task % Timing* Outcomes assessed Project Report Research Project: Presentation and Report on topics related to the subject: 1.Seminar/Webinar (15 min) and 2.1000-word Report (due 1 week after the seminar). Topics assigned in week 1; seminars starting from week 2. 70.00% To Be Negotiated 1,2,3 Project Make a video on Political Economy, aimed at employees of either government departments, MNCs, IGOs or NGOs. Length: 2 min. Include history, theory, definitions, actors, costs, benefits and opportunities. Submit the video 1 week after the Report. 30.00% To Be Negotiated 1,2,3 - * Assessment timing is indicative of the week that the assessment is due or begins (where conducted over multiple weeks), and is based on the standard University academic calendar
- C = Students must reach a level of competency to successfully complete this assessment.
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Assessment criteria
Assessment criteria
High Distinction 85-100 Outstanding or exemplary performance in the following areas: interpretative ability; intellectual initiative in response to questions; mastery of the skills required by the subject, general levels of knowledge and analytic ability or clear thinking. Distinction 75-84 Usually awarded to students whose performance goes well beyond the minimum requirements set for tasks required in assessment, and who perform well in most of the above areas. Credit 65-74 Usually awarded to students whose performance is considered to go beyond the minimum requirements for work set for assessment. Assessable work is typically characterised by a strong performance in some of the capacities listed above. Pass 50-64 Usually awarded to students whose performance meets the requirements set for work provided for assessment. Fail 0-49 Usually awarded to students whose performance is not considered to meet the minimum requirements set for particular tasks. The fail grade may be a result of insufficient preparation, of inattention to assignment guidelines or lack of academic ability. A frequent cause of failure is lack of attention to subject or assignment guidelines. Quality assurance
For the purposes of quality assurance, Bond University conducts an evaluation process to measure and document student assessment as evidence of the extent to which program and subject learning outcomes are achieved. Some examples of student work will be retained for potential research and quality auditing purposes only. Any student work used will be treated confidentially and no student grades will be affected.
| Type | Task | % | Timing* | Outcomes assessed |
|---|---|---|---|---|
| Project Report | Research Project: Presentation and Report on topics related to the subject: 1.Seminar/Webinar (15 min) and 2.1000-word Report (due 1 week after the seminar). Topics assigned in week 1; seminars starting from week 2. | 70.00% | To Be Negotiated | 1,2,3 |
| Project | Make a video on Political Economy, aimed at employees of either government departments, MNCs, IGOs or NGOs. Length: 2 min. Include history, theory, definitions, actors, costs, benefits and opportunities. Submit the video 1 week after the Report. | 30.00% | To Be Negotiated | 1,2,3 |
- * Assessment timing is indicative of the week that the assessment is due or begins (where conducted over multiple weeks), and is based on the standard University academic calendar
- C = Students must reach a level of competency to successfully complete this assessment.
Assessment criteria
| High Distinction | 85-100 | Outstanding or exemplary performance in the following areas: interpretative ability; intellectual initiative in response to questions; mastery of the skills required by the subject, general levels of knowledge and analytic ability or clear thinking. |
|---|---|---|
| Distinction | 75-84 | Usually awarded to students whose performance goes well beyond the minimum requirements set for tasks required in assessment, and who perform well in most of the above areas. |
| Credit | 65-74 | Usually awarded to students whose performance is considered to go beyond the minimum requirements for work set for assessment. Assessable work is typically characterised by a strong performance in some of the capacities listed above. |
| Pass | 50-64 | Usually awarded to students whose performance meets the requirements set for work provided for assessment. |
| Fail | 0-49 | Usually awarded to students whose performance is not considered to meet the minimum requirements set for particular tasks. The fail grade may be a result of insufficient preparation, of inattention to assignment guidelines or lack of academic ability. A frequent cause of failure is lack of attention to subject or assignment guidelines. |
Quality assurance
For the purposes of quality assurance, Bond University conducts an evaluation process to measure and document student assessment as evidence of the extent to which program and subject learning outcomes are achieved. Some examples of student work will be retained for potential research and quality auditing purposes only. Any student work used will be treated confidentially and no student grades will be affected.
Study Information
Submission procedures
Students must check the iLearn@Bond subject site for detailed assessment information and submission procedures.
Policy on late submission and extensions
A student who has not established a basis for an extension in compliance with University and Faculty policy either by 1) not applying before the assessment due date or 2) by having an application rejected due to failure to show a justifiable cause for an extension, will receive a penalty on assessment submitted after its due date. The penalty will be 10% of marks awarded to that assessment for every day late, with the first day counted after the required submission time has passed. No assessment will be accepted for consideration seven calendar days after the due date. Where a student has been granted an extension, the late penalty starts from the new due date and time set out in the extension.
Academic Integrity
Bond University‘s Student Code of Conduct Policy , Student Charter, Academic Integrity Policy and our Graduate Attributes guide expectations regarding student behaviour, their rights and responsibilities. Information on these topics can be found on our Academic Integrity webpage recognising that academic integrity involves demonstrating the principles of integrity (honesty, fairness, trust, professionalism, courage, responsibility, and respect) in words and actions across all aspects of academic endeavour.
Staff are required to report suspected misconduct. This includes all types of plagiarism, cheating, collusion, fabrication or falsification of data/content or other misconduct relating to assessment such as the falsification of medical certificates for assessment extensions. The longer term personal, social and financial consequences of misconduct can be severe, so please ask for help if you are unsure.
If your work is subject to an inquiry, you will be given an opportunity to respond and appropriate support will be provided. Academic work under inquiry will not be marked until the process has concluded. Penalties for misconduct include a warning, reduced grade, a requirement to repeat the assessment, suspension or expulsion from the University.
Feedback on assessment
Feedback on assessment will be provided to students according to the requirements of the Assessment Procedure Schedule A - Assessment Communication Procedure.
Whilst in most cases feedback should be provided within two weeks of the assessment submission due date, the Procedure should be checked if the assessment is linked to others or if the subject is a non-standard (e.g., intensive) subject.
Accessibility and Inclusion Support
Support is available to students where a physical, mental or neurological condition exists that would impact the student’s capacity to complete studies, exams or assessment tasks. For effective support, special requirement needs should be arranged with the University in advance of or at the start of each semester, or, for acute conditions, as soon as practicable after the condition arises. Reasonable adjustments are not guaranteed where applications are submitted late in the semester (for example, when lodged just prior to critical assessment and examination dates).
As outlined in the Accessibility and Inclusion Policy, to qualify for support, students must meet certain criteria. Students are also required to meet with the Accessibility and Inclusion Advisor who will ensure that reasonable adjustments are afforded to qualifying students.
For more information and to apply online, visit BondAbility.
Additional subject information
Subject curriculum
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Introduction, structure and goals of the subject
The aims, theme, concepts, structure, assessments and learning outcomes of the subject are set. We begin with your career knowledge, skills and path.
SLOs included
- Identify, analyse, evaluate and communicate broad and coherent theoretical and technical knowledge of Political Economy.
- Apply Political Economy knowledge and skills to professional work and/or further learning, demonstrating well-developed judgement and responsibility.
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What is political economy? Why political economy?
The power of the state and the economy are considered, and how they impact social outcomes is explored.
SLOs included
- Identify, analyse, evaluate and communicate broad and coherent theoretical and technical knowledge of Political Economy.
- Independently and in teams, generate and transmit solutions to unpredictable and sometimes complex problems of Political Economy.
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Ideologies of the Political Economy: Mercantilism, Liberalism and Marxism
What is an ideology and how do they perceive the world; and thus shape our beliefs and behaviour.
SLOs included
- Identify, analyse, evaluate and communicate broad and coherent theoretical and technical knowledge of Political Economy.
- Independently and in teams, generate and transmit solutions to unpredictable and sometimes complex problems of Political Economy.
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Theories of the Political Economy: Institutionalist, political economy and neo gramscians
Dominant theories of political economy are considered to enable policy and outcome goals.
SLOs included
- Identify, analyse, evaluate and communicate broad and coherent theoretical and technical knowledge of Political Economy.
- Independently and in teams, generate and transmit solutions to unpredictable and sometimes complex problems of Political Economy.
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Actors in the Political Economy: States, markets and civil society
What power capacity do the different actors have and how may they be utilised.
SLOs included
- Identify, analyse, evaluate and communicate broad and coherent theoretical and technical knowledge of Political Economy.
- Independently and in teams, generate and transmit solutions to unpredictable and sometimes complex problems of Political Economy.
- Apply Political Economy knowledge and skills to professional work and/or further learning, demonstrating well-developed judgement and responsibility.
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The creation of the international trading system: Bretton Woods, the General Agreement on Tariffs an
How will goods and services be paid for, and how will they cross state borders.
SLOs included
- Identify, analyse, evaluate and communicate broad and coherent theoretical and technical knowledge of Political Economy.
- Independently and in teams, generate and transmit solutions to unpredictable and sometimes complex problems of Political Economy.
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Energy, trade and the rise of neo-mercantilism
States purse national interests through political economy. Energy and trade are considered as mercantilist tools within a liberalizing system.
SLOs included
- Identify, analyse, evaluate and communicate broad and coherent theoretical and technical knowledge of Political Economy.
- Independently and in teams, generate and transmit solutions to unpredictable and sometimes complex problems of Political Economy.
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Global systems: Debt and agriculture, from the GATT to the WTO
Structural power, systemic issues and crises, and solutions are considered.
SLOs included
- Identify, analyse, evaluate and communicate broad and coherent theoretical and technical knowledge of Political Economy.
- Independently and in teams, generate and transmit solutions to unpredictable and sometimes complex problems of Political Economy.
- Apply Political Economy knowledge and skills to professional work and/or further learning, demonstrating well-developed judgement and responsibility.
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Regionalism
A step on the path to, or antithesis of globalization? The European Union, Asia Pacific Economic Cooperation, North American Free Trade Agreement, Asia-Europe Meetings, East Asia Summit, BRI China Dream Vs Quad Indo-Pacific.
SLOs included
- Identify, analyse, evaluate and communicate broad and coherent theoretical and technical knowledge of Political Economy.
- Independently and in teams, generate and transmit solutions to unpredictable and sometimes complex problems of Political Economy.
- Apply Political Economy knowledge and skills to professional work and/or further learning, demonstrating well-developed judgement and responsibility.
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Global Financial Crises and Systemic Risk
How do we create a stable, equitable and sustainable political economy? Capitalism and the global search for profit.
SLOs included
- Identify, analyse, evaluate and communicate broad and coherent theoretical and technical knowledge of Political Economy.
- Independently and in teams, generate and transmit solutions to unpredictable and sometimes complex problems of Political Economy.
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The Destruction of the Present versus Creating a Future
Our global prospects. The UN estimates the global population will be more than 10 billion at the end of this century. Globalization, Westernization, Terrorism, Asia-Pacific Century, US or Chinese Hegemony, and Cold War II.
SLOs included
- Identify, analyse, evaluate and communicate broad and coherent theoretical and technical knowledge of Political Economy.
- Independently and in teams, generate and transmit solutions to unpredictable and sometimes complex problems of Political Economy.
- Apply Political Economy knowledge and skills to professional work and/or further learning, demonstrating well-developed judgement and responsibility.
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Review, cogitation and conclusion
Building your career skills and path. A review of the subject and how it furthers your goals.
SLOs included
- Identify, analyse, evaluate and communicate broad and coherent theoretical and technical knowledge of Political Economy.
- Independently and in teams, generate and transmit solutions to unpredictable and sometimes complex problems of Political Economy.
- Apply Political Economy knowledge and skills to professional work and/or further learning, demonstrating well-developed judgement and responsibility.