PSIA, Master in International Economic Policy
Teachers : Jérôme MATHIS (Professor of Economics and Finance at the University of ParisDauphine). Pedagogical format : Lecture alone Course validation : The course will be graded based on a ﬁnal exam and on group projects applying concepts learned in class to a real-world example. Course Description : A game is any strategic situations in which an individual's success in making choices depends on the choices of others. Game theory studies individual behavior in situations of antagonism, negotiation, uncertainty, cooperation or competition in order to identify optimal strategies. Students will learn how to : Recognize and model strategic situations ; Predict when and how their actions will inﬂuence the decisions of others ; Rationally deal with uncertainty ; Exploit strategic situations for their own beneﬁt. A speciﬁc focus will be put on games with applications to international relations and to economics. Required reading : Dixit, A.K., and B.J. Nalebuff, Thinking Strategically : The Competitive Edge in Business, Politics, and Everyday Life, W.W. Norton & Company ; Fudenberg, D., and J. Tirole, Game Theory, The MIT Press ; Myerson, R., Analysis of Conﬂict, Harvard University Press ; Osborne, M., and A. Rubinstein, A Course in Game Theory, The MIT Press.
well policed domestic domains, and global markets, or transactions : controls over ﬂows of goods, capital or persons ; diffusion of norms ; coordination and cooperation between national governments and bureaucracies ; crisis management. This approach is developed via a long-term history of the international economy. After an introduction on some interesting medieval experiences, we start with the ﬁrst globalization era (1870-1914) and the ﬁrst international institutions that emerged already before 1914 : for instance, the so-called Regional Unions, in matters like postal services or railway trafﬁc. From there on we shift to the Inter-War period and its two most striking innovations : the creation of the ﬁrst ever multilateral, multipurpose organisation (the League of Nations), and the early attempts at a voluntary, negotiated coordination of economic policies (the 1920 and 1927 conferences). Post-World War II classical multilateralism will then be analysed in details. We shall insist speciﬁcally on the GATT/ WTO, the International Monetary Fund, and the World Bank : how they work, how they are governed, what their political economy is and, not least, how their mandate evolved over time. Their present position and the challenges they are confronted to is of course part of this discussion. The last part of the course will consider trends and prospects that develop beyond those the big, wellestablished international organizations. Three main themes will be covered at this point : sovereign debt and the interrelations between private markets and national governments ; trade policies and the “non-tariff” issues such as intellectual property or anti-trust ; lastly the role of private regulation, such as commercial arbitration. Required reading : Allen, Robert C. 2011 Global Economic History, a Very Short Introduction. Oxford : Oxford University Press, 170 p ; Alter, Karen 2008 Agents or Trustees ? International Courts in their Political Context. European Journal of International Relations. 14 (1), pp. 33-63 ; Barnett, M., and M. Finnemor. 2004 Rules for the World : International Organizations in Global Politics, Ithaca, NY : Cornell University Press ; Bordo, Michael, and Barry Eichengreen 1993 A Retrospective on the Bretton Woods System. Chicago : The University of Chicago Press/NBER. 673 p ; Boughton, John 2001 Silent Revolution, the International Monetary Fund 1979-1989. Washington, DC : IMF. 1283
GLOBAL ECONOMIC GOVERNANCE
Semester : Autumn Number of hours : 39 Language of tuition : English
Teachers : Marine GASSIER (Consultante), Jérôme SGARD (Professor of Political Economy at SciencesPo). Pedagogical format : Lecture alone Course Description : This course presents an analytical an