Introduction to Political Economy is one of the courses offered by the Faculty of Applied Social Sciences at Open University Malaysia (OUM). This course is offered to all students taking the Bachelor of Political Science programme. This module aims to provide students with basic understanding of theā¦
Episode 9 reviews the basic political economy of the environment, as well as the views of different theoretical approaches towards the issue of environmental degradation.
Episode 2 traces the theoretical evolution of the field of political economy and introduces earlier schools of thought such as physiocracy and mercantilism as well as more modern schools such as Keynesianism.
Episode 7 deals with issues of poverty and inequality, especially in developing countries, from various theoretical perspectives.
Episode 8 explores theoretical and policy analyses of the issue of development.
Episode 10 examines globalisation and international political economy, and introduces several important international economic governance institutions such as World Trade Organisation.
Episode 3 discusses four major contemporary theoretical approaches in political economy - classical liberalism, modern liberalism, conservatism and radicalism.
Episode 4 analyses and discusses the origins and evolution of capitalism, as well as its differences with socialism.
Episode 5 offers theoretical approaches to the state and the functions of the state in an economy.
Episode 6 discusses the meaning of democracy and the relationship between capitalism and democracy.
Episode 1 introduces basic concepts in political economy such as the state, market, politics and economics. It also discusses the basic points of various political economic systems.