Syllabus

Political Science 492 Seminar in International Relations 245 Bradley Hall T Th 10:30 - 11:45 AM Office Hours: T W 1:00 - 3:00 PM and by appointment

Spring Semester 2013 Charles Dannehl Office: 426E Bradley Hall Office Phone: 677-2478

SYLLABUS This seminar focuses on the politics of global monetary and financial affairs. The semester begins with an examination of the nature and history of the global monetary and financial systems. We then consider financial crises, both from a broad historical perspective and with reference to the crisis that developed in the fall of 2008. The semester concludes with a discussion of money and the good life. Texts: There are five required books for this seminar. Barry Eichengreen, Globalizing Capital: A History of the International Monetary System. Barry Eichengreen, Exorbitant Privilege: The Rise and Fall of the Dollar and the Future of the International Monetary System. Edward Chancellor, Devil Take the Hindmost: A History of Financial Speculation. Menzie D. Chinn and Jeffry A. Frieden, Lost Decades: The Making of America’s Debt Crisis and the Long Recovery. Robert Skidelsky and Edward Skidelsky, How Much Is Enough?: money and the good life. Additional required materials will be placed on reserve. Requirements: During the semester each student will be required to write a series of three papers on topics related to the reading assignments. Each of these essays (approximately five to seven doublespaced, typewritten pages in length) will be worth 25 percent of the student’s course grade. The remaining 25 percent of the course grade will be based upon seminar participation, i.e., periodic presentations of assigned readings, discussion, and attendance. Failure to complete any course assignment will result in a failing grade for the entire course. Grading: Each course assignment will be graded on a 100-point scale. The standard grading scale will be: 100-90 89-80 79-70

A B C

69-60 59 or less

D F

The course will not be graded on a curve. Attendance and Tardiness: On-time attendance at each class session is mandatory. Roll will be taken in class. Excused absences must be cleared with the instructor in advance. Each unexcused absence will result in the deduction of four (4) points from the student’s course grade. Any student arriving more than five (5) minutes late to any class session as determined by the instructor’s timepiece shall be considered absent from that class session and shall incur the full four (4) point deduction from her/his course grade.

If you are scheduled to present material in class and are unable to do so for a legitimate, documented reason, you must notify the instructor by no later than 10:00 AM on the day of the class. Failure to do so shall be construed as failure to complete a course assignment and will result in a failing grade for the entire course. Students are expected to read carefully all assigned materials for each class session and to come to class prepared to discuss the readings. Late Paper Policy: Permission to submit a late paper will be granted only under very specific or dire circumstances. 1. Any student who will miss a paper submission deadline due to required participation in a University-sanctioned activity, e.g., membership on University athletic or forensics teams in scheduled competition, must notify the instructor in advance of the absence and provide documentation of the absence at that time. The date and time of the deadline extension for submission of the paper will be determined at the time that the student informs the instructor of the impending absence. 2. If a student is unable to submit a paper by its deadline due to an emergency, the student or their responsible designee must notify the instructor in person or by telephone within 24 hours of the paper submission deadline. E-mail notification is unacceptable. 3. Proper documentation of the circumstances surrounding the student’s absence must be provided at the time that the student turns in the paper after an extension of the submission deadline. Failure to provide proper documentation shall be construed as the student’s failure to complete the relevant course assignment and in accordance with the policy stated on the course syllabus will result in the student receiving a failing grade for the entire course. Examples of proper documentation include the following: • for absences due to medical reasons, a doctor’s excuse specifically covering the time during

which the paper was due; • for absences due to funeral attendance, a copy of the relevant obituary; • for court appearances, copies of court documents showing the required date and time of

appearance; • for automobile accidents, copies of relevant police reports and towing bills showing the exact

date of the accident. 4. Student procrastination and consequent logistical problems, e.g., “long” waiting periods for use of equipment in on-campus computer labs, “last minute” virus attacks and hard drive failures, and “unforeseen” depletions of printer ink, do not constitute grounds for extension of the paper submission deadline. Finish your paper well in advance of the deadline! Academic Accommodation: All students are expected to meet the requirements for this course. Students with learning disabilities who need accommodation must discuss the matter with the instructor during the first two weeks of class and provide official Bradley University documentation verifying need. Any exception or change to these policies shall be at the sole and final discretion of the instructor.

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Anticipated Schedule: 1/24 (Thursday) – Course Introduction 1/29 (Tuesday) – Reading Day 1/31 (Thursday) – History of the International Monetary System—Gold Standard Reading: Globalizing Capital, Chapters 1 & 2 2/5 (Tuesday) – History of the International Monetary System—Interwar Period Reading: Globalizing Capital, Chapter 3 2/7 (Thursday) – History of the International Monetary System—Bretton Woods Reading: Globalizing Capital, Chapter 4 2/12 (Tuesday) – History of the International Monetary System—Post-Bretton Woods Reading: Globalizing Capital, Chapter 5 2/14 (Thursday) – History of the International Monetary System—New Monetary Challenges Reading: Globalizing Capital, Chapters 6 & 7 2/19 (Tuesday) – Role of the US Dollar I Reading: Exorbitant Privilege, Chapters 1 & 2 2/21 (Thursday) – Role of the US Dollar II Reading: Exorbitant Privilege, Chapters 3 & 4 2/26 (Tuesday) – Role of the US Dollar III Reading: Exorbitant Privilege, Chapters 5 & 6 2/28 (Thursday) – Role of the US Dollar IV Reading: Exorbitant Privilege, Chapter 7 & Afterword ESSAY PAPER 1 ASSIGNED 3/5 (Tuesday) – Reading Day 3/7 (Thursday) – Models and Explanations of Financial Crises Reading: Kindleberger (reserve) Galbraith (reserve) Chancellor, Preface and Chapter 1 ESSAY PAPER 1 DUE IN CLASS 3/12 (Tuesday) – History of Financial Crises I Reading: Chancellor, Chapters 2 & 3 3/14 (Thursday) – History of Financial Crises II Reading: Chancellor, Chapters 4 & 5 3/16-3/24 – SPRING BREAK

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3/26 (Tuesday) – History of Financial Crises III Reading: Chancellor, Chapters 6 & 7 3/28 (Thursday) – History of Financial Crises IV Reading: Chancellor, Chapter 8 4/2 (Tuesday) – History of Financial Crises V Reading: Chancellor, Chapter 9 and Epilogue 4/4 (Thursday) – Crisis, American Style I Reading: Chinn and Frieden, Chapters 1 & 2 4/9 (Tuesday) – Crisis, American Style II Reading: Chinn and Frieden, Chapters 3 & 4 4/11 (Thursday) – Crisis, American Style III Reading: Chinn and Frieden, Chapters 5 & 6 4/16 (Tuesday) – Crisis, American Style IV Reading: Chinn and Frieden, Chapters 7-9 ESSAY PAPER 2 ASSIGNED 4/18 (Thursday) – Reading Day 4/23 (Tuesday) – How Much is Enough? - Part I Reading: Skidelsky and Skidelsky, Introduction and Chapters 1 & 2 ESSAY PAPER 2 DUE IN CLASS 4/25 (Thursday) – How Much is Enough? - Part II Reading: Skidelsky and Skidelsky, Chapters 3 & 4 4/30 (Tuesday) – How Much is Enough? - Part III Reading: Skidelsky and Skidelsky, Chapters 5 & 6 5/2 (Thursday) – How Much is Enough? - Part IV Reading: Skidelsky and Skidelsky, Chapters 7 & 8 ESSAY PAPER 3 ASSIGNED 5/7 (Tuesday) – Course Wrap-Up ESSAY PAPER 3 DUE NO LATER THAN 2:30 PM ON FRIDAY, 5/10

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