POLITICAL ECONOMY (Div. II)

Chair, Associate Professor JAMES E. MAHON, Jr.

Advisory Committee: Professors: BRADBURD, JACOBSOHN, MARCUS. Associate Professors: C. JOHNSON, MAHON. Assistant Professors: CONNING, GOLLIN, PAUL.

The Political Economy major is designed to give students a grasp of the ways in which political and economic forces interact in the shaping of public policy. The major includes substantial study of the central analytical approaches in both political science and economics and seeks to surmount the sometimes artificial barriers of specialization that may characterize either discipline taken by itself. In the junior and senior years a conscious merging of the approaches in the two fields is undertaken in the three required Political Economy courses. (These courses are designed by, and usually are taught jointly by, political scientists and economists.) Political Economy 301 examines major writings in political economy and analyzes economic liberalism and critiques of economic liberalism in the context of current policy issues. Political Economy 401 examines interactions of political and economic forces in contemporary international affairs. Political Economy 402 examines such interactions in selected current public policy issues. Background for these senior courses is acquired through courses in international economics, public finance, and domestic and international/comparative politics and policy.

Students in Political Economy 402 visit Washington, D.C. Sunday night through Wednesday of the first week of spring vacation to conduct interviews relating to their Political Economy 402 group projects. This is a course requirement.

MAJOR (Note: The Economic sequence reflects recent changes in that department's offerings. Economics 110-120 replaces Economics 101-251-252 only for those with no prior Economics courses.)

Economics 110 Principles of Microeconomics

Economics 120 Principles of Macroeconomics

Political Science 201 Power, Politics, and Democracy in America
or
Political Science 203 Justice: Introduction to Political Theory

Political Science 202 World Politics: An Introduction to International Relations
or Political Science 204 Introduction to Comparative Politics: Dodging the Apocalypse in South Africa

Economics 205 Public Finance
or Economics 215 The World Economy
or
Economics 358 International Economics
or Economics 360 International Monetary Economics
or Economics 507 International Trade and Development
or Economics 509 Money and Public Finance
or Economics 373/513 Open-Economy Macroeconomics

Economics 253 Empirical Economic Methods
or Economics 255 Econometrics

Political Economy/Economics 301/Political Science 333 Analytical Views of Political Economy

Political Science 316 Public Policymaking in the U.S.
or Political Science 209 Poverty in America
or Political Science 216 Constitutional Law II: Individual Rights
or Political Science 219 Constitutional Law I: Structures of Power
or Political Science 308 Environmental Policy
or Political Science 317 Environmental Law

Political Science 327 Democracy and International Politics
or Political Science 100 Asia and the World
or Political Science 229 Global Political Economy
or Political Science 265 The International Politics of East Asia
or Political Science 326 Hierarchies in International Relations

Political Economy 401 Politics of the International Economy

Political Economy 402 Political Economy of Public Policy Issues

THE DEGREE WITH HONORS IN POLITICAL ECONOMY

Due to the special demands of this interdisciplinary major, the only route to honors in Political Economy is the thesis. Seniors may pursue the honors thesis course (Political Economy 493-W031) during the fall semester and winter study period. The third course contributing to such an honors program would normally be an elective in Political Science, Economics, or Political Economy, taken during the junior year. This course, which may be one of the required electives, must be closely related, indeed must prepare the ground for the honors thesis.

Juniors in the Political Economy major with at least a 3.5 GPA in the program may apply for the honors thesis program by means of a written proposal submitted to the chair before spring registration. Written guidelines for such proposals are available in the chair's office. The proposal should have been discussed with at least two faculty members, and at least one faculty advisor from each discipline should be solicited by the student prior to submission of the proposal.

Final decisions about admission to the honors program will be made in early summer, when spring grades become available.

To achieve the degree with honors in Political Economy, the thesis must be completed by the end of winter study period and be judged of honors quality by a committee consisting of the two advisors and a third reader. A thesis judged to be of particular distinction will qualify its author for the degree with highest honors.

COURSE NUMBERING SYSTEM

The numbering system for courses offered and required in Political Economy is identical to the system outlined in the Williams College Bulletin on page .