“The Origins of political Economy”
Instructions of the exams
• * This exam is compose from two parts which are choosing two questions from the list (EXAM TOPICS)
• Each question must be answered in a separate essay than the other question total going to be two essays for both questions.
• To answer those two questions, you need to follow the instructions bellow
• Answering each question that you chose should be from (5 to 8 pages)
• So the total should be about (10 to 15 pages) for the both questions
• The key important thing is using a footnote and using the lectures notes
• The textbook that we use is (Oatley, Thomas International Political Economy: 5th Edition.
• The Instructor:
W. Seay, “The Origins of political Economy”
ECON 101:Virginia Commonwealth University
The instructions of exam:
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The introduction should have the theses statement ( one sentence) no longer that 2 sentence.
2- each paragraph in the Body needs to have closing sentences with your analysis (from 5-8 sentences).
Exams in your response exams
1- the primarily sources data should be from
• 5 paragraphs from the lecture notes
• 5 paragraphs from the text book
• 5 paragraphs from scholarly books
• 5 paragraphs from scholarly articles
2- the secondary resources data from
• Magazine, newspaper and journals
3- use one of two graph
***NOTE THAT ALL DATA SHOULD BE FOOTENOTED AND ALSO THE DATA FROM LECTURES NOTE AND TEXTBOOK NOTES SHOULD ALSO FOOTNOTED.
Exam Completion: This information is from the syllabus
1-ALL EXAMINATIONS WILL BE RESEARCH BASED AND MUST CONTAIN DATA FROM SCHOLARLY BOOKS AND ARTICLES, DOCUMENTS, CLASS LECTURE NOTES AS WELL AS MAPPING ACTIVITIES.
2. STUDENT S WILL BE GIVEN AN ESSAY TOPICAL GUIDE FOR EACH OF THE THREE EXAMS-TWO TOPICS OF WHICH THEY WILL CHOOSE TO WRITE AS ESSAYS. EACH ESSAY WILL COUNT AS 50 POINTS-100 POINTS TOTALED FOR BOTH ESSAYS.
3. EACH RESPONSE IS TO BE 5-8 PAGE, TYPED, AND DOUBLE SPACED. DATA FROM CLASS LECTURES AS WELL AS THE TEXT ARE TO BE USED*****HOWEVER, STUDENTS MUST FOOTNOTE AT LEAST THREE BITS OF DATA FROM THREE SCHOLARLY SOURCES (THREE BOOKS OR TWO BOOKS AND ONE ARTICLE) TO PROVE THEY HAVE MADE THIS EXAM ASSIGNMENT ONE THAT IS RESEARCH BASED. THE PROFESSOR WILL ALSO RECOMMEND VARIOUS SCHOLARLY BOOKS CONCERNING IPE THAT STUDENTS SHOULD REFERENCE. YET PUPILS MAY USE BOOK SOURCES INDEPENDENT OF WHAT IS RECOMMENDED. *** DO NOT, HOWEVER, USE ONLY ONLINE ARTICLES. THIS WILL NOT MAKE FOR AN ACCEPTABLE EXAM.
**TWO OR THREE ECONOMIC AND POLITICAL DOCUMENTS MAY BE USED ALONG WITH OR IN PLACE OF ARTICLES. THE MORE DIVERSE THE RESEARCH, THE HIGHER THE GRADE A STUDENT MAY RECEIVE.
*** You are not allowed to use the following databases: Wikipedia, Secopedia, and any website similar to it.
4. AT LEAST 10-15 PARAGRAPHS IN EACH EXAM ESSAY SHOULD DERIVE FROM THE LECTURE AND MAP NOTES WHILST A REMAINING 10-15 PARAGRAPHS ARE TO BE BASED UPON SCHOLARLY SOURCE RESEARCH (BOOKS AND ARTICLES BY ECONOMISTS, GEOGRAPHERS, POLITICAL SCIENTISTS AND HISTORIANS AS WELL AS DOCUMENTS).
In case you dont have any access to the course book (Oatley, Thomas International Political Economy: 5th Edition) Here is a Google drive links where you will have access to the chapters that we have to use to write this essay exam.
Here is the links:
• All reports will use Times New Roman font, 12 pitch and double line spacing.
**This will be checked on Safe assign, and multiple databases to prevent plagiarism. Please be careful**
• Title page
• Double-spaced, 12 fonts , Times New Roman
• 5-8 pages per essay topic; 10 12 paragraphs
• Total of 10 16 pages for both essays topic
• First paragraph is introduction; needs to have a thesis statement
o Ideally 1, but up to 2-3 sentences for the thesis statement
o Thesis ought to be in the middle of the paragraph
• 1 2 sentences leading to thesis
• 2 3 sentences after thesis; explain what you further hope to illustrate give insight to what you hope to talk about at the end of the paper
• The next 5 6 paragraphs should include primary source data
o Close w/ personal analysis
• The next 8 10 paragraphs must be strictly secondary sources
o Scholarly books/articles, lecture notes, textbook
• Conclude with 1 -2 closing synthetic paragraphs
o Make final comments about everything youve analyzed
• 5 7 paragraphs, must include information from class lectures; 5 7 must also include textbook data. Ideally, keep these sets of paragraphs separate.
o 5 7 paragraphs of textbook/scholarly info + 5 7 paragraphs of lecture/scholarly info
• Every paragraph must have analysis sentences; 5 -6 sentences of your own personal analysis
• This holds for both primary and secondary source data
• Each paragraph must contain information from a variety of sources
o Dont use too much general information
o The main type of information in secondary sources paragraphs is information from scholarly books/articles and journals
• Use scholarly books/articles by economists, political philosophers, geographers, historians, and information from class lectures
o Minimum of 5 scholarly books, maximum of 8
• Use excerpts from books
• Dont use same books on different essays
• Newspaper columns, articles and editorials by scholars
o 3 5 articles
• Keep primary sources at front of paper
• Secondary sources = books, articles, lectures notes
o Minimum secondary = lecture notes
o Scholarly secondary = books/articles
• Primary sources are first hand, raw data
o Scientific data
o IE a report on the economy by the Treasury, graphs on the GDP, charts include these images in your paper
• Turabian style (whats known as Chicago citation style)
• Stop at the end of last sentence, select footnote from Insert tab
• Footnote everything that is not 1) common sense 2) your own ideas/ opinions
• First sentence must be indented
• You may need to use info from the same source more than once in the same part of paper (ie, three sentences at the end of one and beginning of next paragraph use same source)
o In this case, use IBID
• IE: (sentence 1) (sen 2) (sen 3)
• Only use when same source is used in consecutive sentences
• From a book: first and last name of author, Title, Place of publishing: pg #
• From a magazine/newspaper: First and last name/pseudonym of author, “Title of Article”, Name of Periodical: Place of publishing, Month Date, Year, page number
Schumpeter, “The 21st Century Currency Wars”, The Economist: London, August 24th-30th, 2014, p.75
Thomas Friedman, “The New Middle Eastern Currecny”, The New York Times: New York, June 18th, 2003, pg. 18
• From documents: Source of document (ie company, organization), Name of Document, Date
The British East India Company, 14 March, 1745 Tea Sales Record in London, 1745.
• The United States Federal Reserve, Government Bond Purchases, Summer 2010, .
How to footnote Graphs:
The world trade originations, Graph from WTO report regarding Chinese currency manipulation, 2009,11. Geneva, Switzerland, December 9, 2011. P.89.
For info from the USA Department of treasury:
The US Department of treasury, Report on US Exports: 1935, Washigton D.C, November 17,1935, P.345.
And here how to footnote class notes:
W. Seay, “The Origins of political Economy” ECON101/ INTL102, Virginia Commonwealth University, September 15,2015.
Here is a website where you can read more about how to footnote in Chicago style:
Take Home Essay
Chs. 5-8 (World Economic Reform, Multinational Corporations, The International Monetary Fund, and Exchange Rate Policies).
I. Basic Terminology: Be able to incorporate as many of of the following basic political economic terms as possible into each of the two essays of choice from the second category. Class lecture notes may be used for defining the listed terms as well as the Charles Wheelan textutal readings.** Do be certain to incorporate other useful data from lectures notes, the Wheelan text, and various suggested scholarly IPE books and articles as well.**
• David Ricardo, “Comparative Advantage,” “The Iron Law of Wages,” and “Theory of Rents.”
• Anne-Robert Turgot and Jean-Baptiste Say
• Charles Fourier and Count Sainte-Simon
• Karl Marx
• William Stanley Jevons and Leon Walras
• Historical Economics and the Marshallian School
• East Asian Model of Developement
• Export Oriented Strategy
• Rent Seeking
• Structural Adjustment Programme
• Efficiency Oriented Investment
• Foreign Direct Investment
• Horizontal Integration
• Intangible Asset
• Locational Advantages
• Market Oriented Investment
• Natural Resource Investment
• Positive Externalities
• Specific Asset
• Vertical Integration
• Calvo Doctrine
• Export Processing Zone
• Locational Incentives
• Multilateral Agreement on Investment
• Obsolescing Bargain Performance Requirement
• Trade Related Investment Measures
• United Nations on Permanent Sovereignty over Natural Resources
• Balance of Payments and Balance of Payments Adjustment
• Bretton Woods System
• Capital Account
• Current Account
• Exchange Rate System and Exchange Restrictions
• Fixed Exchange Rate System and Fixed but Adjustable Exchange Rate System
• Floating Exchange Rate System
• Foreign Exchange Market
• Foreign Exchange Reserves
• Fundamental Disequilibrium
• Managed Float
• Speculative Attacks
• Stabilization Fund
• European Monetary System
• International Investment Position
• Louvre Accord, Monetary Accord, and Plaza Accord
• Target Zone
• Phillips Curve
II. Essay Topics . Choose two questions only ((one essay for each question total of two essays for both questions))
1. Who was David Ricardo? Illustrate and explain his economic theories? Were they accurate? Might they be useful in the present?
2. In what ways did the French Enlightenment era help create the study of modern economics? Illustrate and explain all key figures
and their philosophies. Are they influences found still in the modern
global economy? If so, in which ways?
3. Who was Jean Baptiste Say? Why is he important in IPE? Explain.
4. Who were Charles Fourier and Count Saint-Simon? What economic philosophies did they create? Are their views prevalent, still?
5. Who was Karl Marx? What was his economic philosophy? How and why has his economic philosophy been so widespread as well as controversial? Explain.
6. What is Import Substitution Industrialisation? What are itss problems? Explain.
7. What is the East Asian Model? Should the West imitate it? What are itss strength and weaknesses?
8. What kind of economic reform is occuring in China? Is it both good and bad for China as well as the global economy?
9. What are the global communitys criticisms about the WTOs treatment of developing countries? Are their complaints valid?
10. What are Multinational Corporations? Explain their evolution by illustrating examples of the first to evolve slowly thousands of years ago as well as the first global businesses to appear in the modern age. How are these kinds of businesses influencing the modern world economy in a positive or negative way? Should MNCs be regulated by the international community. Defend your point.
11. What is the International Monetary System? What are its problems? How can payments imbalances become remedied?
12. What is the Bretton Woods System? Who created it, when, and why? Is it still used in the present? What were its strengths and weaknesses?
13. What International Monetary System conflicts have occured since the 1970s? Have the international powers involved solved these problems?
14. How has the European Union cooperated in global currency exchange rates? Have they been better team players than America?
15. Why are some people as well as nations righer than others? Wheelan source to be used as a source.
16. What can financial markets indicate about becoming wealthy very quickly. Wheelan source to be refrenced as well.
17. What does economics indicate about politics and vice versa? What are special interest groups?(Wheelan data necessary).
18. What indicators are necessary to determine a successful and thriving economy? What factors cause economies to surpass others yet eventually decline? Does a powerful economy always indicate
a prosperous society for most everyone?(Wheelan data to be used
19. What is the Federal Reserve? Is it a force of good, bad or both? (Wheelan material to be consluted as well).