International Political Economy Concepts

The video tutorial introduces the concept of International Political Economy (IPE), discussing its history, scope, and importance. It traces the origins of IPE back to Greek philosophers and highlights its development as an academic discipline during the mercantilist era and the 1970s. The tutorial explains IPE as a combination of international relations and political economy, covering topics like trade, finance, and globalization. It emphasizes the importance of IPE in policy-making and research, and briefly introduces theories such as economic liberalism, nationalism, and Marxism.

Which school of thought in the 16th to 18th century emphasized the role of the state in economic regulation?

• Liberalism

• Mercantilism

• Structuralism

• Marxism

In which decade did International Political Economy emerge as a prominent academic discipline?

• 1960s

• 1980s

• 1990s

• 1970s

What two fields does International Political Economy combine?

• International Relations and Political Economy

• Economics and History

• Economics and Sociology

• Political Science and Sociology

What does international relations study?

• The cultural exchanges between countries

• The political structure of a country

• The interaction between two or more nations

• The economic policies of a nation

Which of the following is NOT a topic traditionally discussed in IPE?

• Economic globalization

• Cultural anthropology

• Multinational corporations

• International trade

Why is IPE important for policymakers?

• It is irrelevant to modern politics

• It focuses solely on cultural studies

• It offers tools and theories for policy development

• It provides entertainment

How do political actions of a nation-state affect international trade?

• They only affect domestic policies

• They can alter monetary flows

• They are unrelated to economic choices

• They have no effect

Which theory of IPE is also known as mercantilism?

• Neo-Marxism

• Economic Structuralism

• Economic Nationalism

• Economic Liberalism

What is a variant of economic structuralism?

• Nationalism

• Dependency theory

• Capitalism

• Liberalism

Which theory focuses on understanding the world through models?

• All of the above

• Economic Structuralism

• Economic Nationalism

• Economic Liberalism