EU469 Half Unit
The Political Economy of Finance in Europe
This information is for the 2024/25 session.
Teacher responsible
Dr. Benjamin Braun
Availability
This course is available on the MSc in European and International Politics and Policy, MSc in European and International Politics and Policy (番茄社区 and Bocconi), MSc in European and International Politics and Policy (番茄社区 and Sciences Po), MSc in European and International Public Policy (番茄社区 and Bocconi), MSc in European and International Public Policy (番茄社区 and Sciences Po), MSc in Political Economy of Europe, MSc in Political Economy of Europe (番茄社区 and Fudan) and MSc in Political Economy of Europe (番茄社区 and Sciences Po). This course is available with permission as an outside option to students on other programmes where regulations permit.
This course has a limited number of places (it is controlled access) and demand is typically very high. Priority is given to students from the European Institute, so students from outside this programme may not get a place.
Pre-requisites
A basic understanding of economics and economic terms is highly recommended.
Course content
Politics and policymaking in Europe happen in the context of a global monetary and financial order. This course teaches students a political economy framework to understand and analyse this order, and the privileges and constraints it imposes on financial, non-financial, and state actors in Europe. The introductory segment of the course examines the broad contours of the historical evolution of finance since the late 19th century: The first financial globalization in the shadow of European colonial expansion; the period of financial deglobalization following World War II; and the liberalization period that began in the 1970s. The second part focuses on the key actors (such as institutional capital pools) and the key assets (such as sovereign bonds) in Europe’s contemporary financial system. In order to be able to map the relationships between financial and non-financial actors, students learn how to access, process, and visualize financial data. The third part of the course brings this understanding of finance to bear on political challenges in Europe. What role does finance play in old-age provision? Can governments secure policy space in a world of global capital mobility? By the end of the course, students will have acquired the tools to analyse a broad range of political economy questions through a financial lens.
Teaching
- This course is