This course examines the intertwining and interaction of economics (wealth creation) and politics (political power) in international and global affairs. The nineteenth century term “political economy” is used here because economic and political forces are always enmeshed with each other. The course provides students with an overview of theories and issues of international political economy. In the first part of the course, we discuss the major theoretical perspectives (economic liberalism, economic nationalism, and Marxist theory, etc.) that contend for recognition in international political economy. In the second part, we focus on substantive policy issues that concern the operations of international political economy. These issues include international trade and monetary system, foreign investment and multinational corporations, foreign aid and debt, and North-South relations. They will be examined against the backdrop of the changing global political order.