School of Politics and Economics
Claremont Graduate University
Course Number: PESM-
Fall 2021
Download PESM-
Class Instructor: Dr. Charles Chen:
I am your professor on this course. My Ph.D. is an interfield Ph.D. in Political Science and Economics, together with my other three master's degrees, Master of Business Administration (M.B.A.), Master of Science of International Administration (M.S.I.A.), Master of Art in Economics (M.A.E.).
I focus more on the issues of international finance, global economic crisis, international political economics, central bank independence, and international relations, especially the risk-
My role in this course will be the Educator, Coach, Facilitator, Multi-
Furthermore, one of the primary values of my courses is to identify feasible ways to bridge our differences after we acknowledge the diversifications among economics, politics, and social welfare. That is also saying that the spirits of diversity, equity, and inclusion are essential regardless of race, gender (including pronouns), ethnicity, sexual orientation, age, socioeconomic status, religion, and disability. Therefore, I sincerely invite you to join me in the buildup and maintain our ethical educational learning environment.
My connection with you is as follows:
My Website (School): https://www.CGU.edu/people/Charles-
My Website (Personal): https://www.EconXPolitics.org (Links to an external site.)
Skype ID: CharlesChen
Facebook ID: CharlesChen
Messenger ID: CharlesChen
Research Gate ID: CharlesChen
Phone: (XXX) XXX-
Email: Chenchin@cgu.edu
Zoom Meeting ID: xxx-
Zoom Meeting Link: xxx-
Google Classroom Meeting ID: xxx-
Information of Office, Office Hour and TA:
Office: Harper East # 201
Office Hour:
Regular Office Hour: 2:00 pm ~ 4:00 pm, Tuesday.
Regular Lunch Meeting: 12:00 pm ~ 1:00 pm, Tuesday. (Free to join, not mandatory)
Phone/Video Conference: By appointment.
Teaching Assistant: Norman Anderson (TBD)
Email: Norman.Anderson@cgu.edu (TBD)
Phone: (626) 111-
Zoom Meeting ID: xxx-
TA Office Hour: TBD
Instructor Feedback and Communication:
Please feel free to contact me through email, social media, or text message. In general, questions related to course materials will be answered within 2~3 days. For some cases if you need immediate response, please describe it in a vivid way. Please reach me again if you do not receive a response within 2~3 days.
Class Schedule
Class Schedule Details: (Dates are subject to change.)
Student/Audience Learning Objective (SLOs) of this Course:
An overall brief insight of issue-
[Note] Advanced: refer to for the integration of complexity and multi-
[Note] Insight: refer to the facts and the cases of the interactions in a real world
(SLO A) You will be able to analyze and evaluate the complexity of multi-
(SLO B) You will be able to analyze and evaluate for the diversification of endowments and resources (view on combinations of possibilities, limitations, and restrictions for various issue alternatives),
(SLO C) You will be able to analyze and evaluate for the dilemma of overall social welfare (view of trade-
Advanced Detailed Student Learning Objective (SLO):
(SLO 1) You will be able to analyze and evaluate an overall relatively in-
(SLO 2) You will be able to analyze and evaluate an overall relatively in-
(SLO 3) You will be able to analyze and evaluate the dilemma of overall social welfare in the matters of distribution and efficiency among all stakeholders regarding a Central Bank’s actions and behaviors. Identifying and acknowledging the diverse consensus between each individual and different groups regarding this topic.
(SLO-
(SLO-
Course Description: Credit/Units: 4 units
Background Preparation (Prerequisites):
For School official prerequisites, there is no particular prerequisite required. However, it will be beneficial if you have more related experiences or knowledge regarding these following inter-
Context and Content Outline: (Please refers to my website for more details.)
https://www.econxpolitics.org/CGU/EPM/PESM-
(I strongly encourage you to explore the "Context and Content Outline" section from this syllabus in detail to enhance your learning journey with me for this complex multi-
This course is one of the brief advanced introductions sets for the contingent series training and learnings regarding inter-
Learning Guidelines: The following points of (A) and (B) will explore the center issues and journey of our course: I have prepared this outline for you to understand well our learning journey for this multi-
(A) The key factors which shape the related actors’ behaviors:
(A1) ˙Why and how we are involving in the matters of “efficiency” and “distribution” among the interactions of economy, politics, and social welfare?
˙What are the meanings of “efficiency” and “distribution”?
(A2) Who are the “stakeholders” among the matters of the interactions from the economy, politics, and social welfare?
˙The “stakeholders”: narrow definition view
˙If one is a consumer/household, how does the price of import goods and services relate to you? How about the price of domestic goods and services matter to you?
˙If one is an investor, in what factors does the investor look most on one’s investment? The investment could be stocks, real estate, bonds, foreign currencies, etc.
˙If one is a businessman/businesswoman, does the trade industries on export or import business make difference regarding the “price” of its products? Does the profit come from foreigners or domestic matters too?
˙Is there any other stakeholders? Governments? What kinds of government?
(B) Topic by weekly schedule:
(B1) Economy and politics: Interactions, advantages and conflicts – Competitiveness or errors of human efforts?
(B1a) View from the “economy”:
˙Economists’ “efficiency”, and “The business cycle”
(B1b) View from the “politics”: The economic growth and influences from diverse “political preferences”
˙Representation of diverse voters;
˙Politicians’ “distribution”
˙A wide concept of “the political-
(1) Free trade under globalization vs. domestic specialty: (a) Global vs domestic; (b) National wide vs. domestic locally
(2) Natural endowments vs. economic inputs dampening (Human resource, capital and technology)
(3) Small open economy vs. large economy
(4) Ambitions of a government: (a) Level of government (Federal, state, and county); (b) Branch of government (Executive branch and legislative branch)
(B2) The role of a central bank, and its influential powers.
(1) Central Bank’s missions: (a) Core missions, (b) Economic growth, inflation, and unemployment.
˙What does a Central Bank do?
˙What does a Central Bank care about, economy, politics, or social welfare?
(2) CB’s instruments and tools
(3) ˙The dual rate policy: interest rate and exchange rate
˙The four major indicators: interest rate, exchange rate, inflation rate, and unemployment rate
˙The meanings of interest rate, exchange rate, inflation rate, unemployment rate, and economic growth
˙How do these indicators made an impact on us?
(4) Decision makings of a central bank
(B3) Central bank independence (CBI) and its impact
(1) What is the CBI
(2) The determinants of CBI
(3) The influences of CBI
(4) The political arena of CBI: A pure economic matter or a pure political issue?
˙Central Bank Independence (CBI): The power structure related to a Central Bank
˙Who is in charge of the Central Bank?
˙Who is the boss or supervisor of the central bankers?
˙Does the Central Bank Independence (CBI) matter to us?
˙In a normal period
˙In a trouble period: Views of economic crisis, financial crisis, natural disasters, pandemics, etc.
(B4) Social welfare: Benefit and Cost
(1) Views of macro and micro social welfares
˙What kinds of “social welfare” we are talking about?
˙Does it matter to us? Who we are in this sense? Investors (portfolios, stocks, real estate, etc.), firm position (export, import, etc.), consumer/household position
˙The benefit and cost in views of macro and micro social welfares
(2) The conflicts between efficiency and distribution
(3) Voters’ views among political spectrums
(4) Views/values and actions of a central bank
˙For the social welfare? The role of a Central Bank and the Central Bank Independence (CBI)
˙An overall framework of above all regarding a Central Bank: The interest rate, exchange rate, inflation rate, unemployment rate and economic growth among the economy, politics, and social welfare
˙How do a contemporary Central Bank’s behaviors make an impact on the ocial welfare?overall or individually?
(B5) The diverse central banks: Case study – U.S., EU, Japan, Taiwan, Korea, etc.
Assignment Descriptions:
I will give you detailed assignment sheets and rubrics as we launch each assignment. These are also available on Canvas in each Assignment tool. Submit writings. Times New Roman. 12-
(1) Learning Community Contributions: This includes preparation for in-
Introduction of Yourself: You will write a one-
(2) 5 one-
(3) 5 short quizzes: 5 short quizzes on topics form each week. (Multiple attempts allowed before quiz closes, (Best grade used)
(4) Mid-
(5) Final Group Presentation (Assigned roleplay group as a lobbyist or a policymaker to defend or advocate your belief or responsibility): You will expect to join an assigned roleplay group as a lobbyist or a policymaker for a 20-
(6) Individual analytic paper (5 pages): You will submit a five-
(7) Extra Credit: Paper or presentations of Article/topics insight contributions (Maximum 2 tasks):
You may choose to do extra coursework to make up or enhance your learning performance or experience. This possible coursework could be either in a paper or a presentation of the topics we covered. The maximum coursework for extra credit is two tasks. Please consult with me regarding this part.
Textbooks and Course Materials:
Required Materials: (Some materials may be downloaded from Canvas)
Textbooks: Refers to course schedules for details. (TBD) (Some materials may be downloaded from Canvas or Honnold Library eBook)
Articles: Refers to course schedules for details. (TBD)
Websites: Refers to course schedules for details. (TBD)
Recommended Materials: (Some materials may be downloaded from Canvas)
Some chapters from books: Refers to course schedules for details. (TBD). (Some materials may be downloaded from Canvas or Honnold Library eBook)
￭ Politics, economics, and welfare
RA Dahl, CE Lindblom – 2017
￭ Welfare Economics and the Theory of the State
WJ Baumol -
￭ Party competition and welfare policies in the American states
CF Cnudde, DJ McCrone -
￭ Welfare and Work in the Open Economy: Volume I: From Vulnerability to Competitivesness in Comparative Perspective
FW Scharpf, VA Schmidt – 2000
￭ The politics of welfare state retrenchment: A literature review
P Starke -
￭ Global transformations: Politics, economics and culture
D Held, A McGrew, D Goldblatt, J Perraton -
￭ The new politics of the welfare state
P Pierson -
￭ Economic perspectives on the politics of regulation
RG Noll -
￭ The boundaries of welfare: European integration and the new spatial politics of social protection
M Ferrera – 2005
￭ Notes on the post-
D Bell -
￭ The welfare state in historical perspective
A Briggs -
￭ Government by the market?: the politics of public choice
P Self – 2021
￭ Inter-
RE Dawson, JA Robinson -
￭ The moral economy of welfare states: Britain and Germany compared
S Mau – 2004
￭ The possibility of politics: a study in the political economy of the welfare state
S Ringen -
Articles: Refers to course schedules for details. (TBD)
￭ THE BEHAVIOURAL ECONOMIST AND THE SOCIAL PLANNER: TO WHOM SHOULD BEHAVIOURAL WELFARE ECONOMICS BE ADDRESSED?
R Sugden -
Websites: Refers to course schedules for details. (TBD)
Course Slides: There will be course slides available to you via our course web-
Instructor’s Notes:
There will be Instructor’s Notes available to you via our course web-
Pre-
There will be brief Pre-
Course Policies & Expectations
Beyond my own class expectations and policies, Example College’s policies apply to all our courses. A few are detailed below. In addition, please review all policies within the college bulletin on the Registrar’s pages: https://my.cgu.edu/registrar/, as well as the Student Handbook at www.cgu.edu.
Instructor Feedback and Communication
You may refer to the earlier section of “Contact Information”.
Class Procedures and Expectations
¡´ Consistent effort. The secret of achievement is consistent effort throughout the semester. To do make up work to improve ….
¡´ Lecture preparation. Our learning process will always be active and so I will not just lecture at you, but work interactively with you to build knowledge. View the lecture slides on Canvas before coming to class so you are better prepared to participate in interactive lectures to maintain your participation grade.
¡´ Learning Community Contributions is more than speaking in class. Class participation is also: Coming to class prepared, doing polls and discussions on Canvas, in-
¡´ Discussion posts. We will be using the Canvas discussion tool. This is your opportunity to practice critical thinking, reading and responding to ideas, and to check how well you have prepared. I will count 3 discussion posts in your participation grade.
Timeliness: Attendance and Work Submission
Attendance:
You are expected to attend all classes and do your best to be on time. Students who may not be able to attend class must seek permission for an excused absence from the course instructor or teaching assistant in advance or later on. Each class connects to the next one and so missing class will make it hard for you to keep up. We begin promptly at 2 pm. If you know you are going to be late or absent, let me or the TA know via text or email. If you miss a class, make arrangements with your classmates and with me to catch up.
Submitting work and Unexpected Situations:
Submit work on time so I can give you good feedback to help you improve your work. If you need flexibility with deadlines, please talk to me as far in advance of the deadline as possible. The night before (barring emergencies) does not give me any opportunity to help you. However, for some reason, if you need to request extensions on late assignments or rescheduled/missed exams, contact me for possible alternatives.
Learning Management System: Canvas
Our Learning Management System (LMS) is called Canvas. If you are not familiar with using Canvas, please ask the TA to show you the ropes or let me know. It is important that you are comfortable and competent in using this as all course material and communication will be done via Canvas. You can also view a simple How To Guide that I have made here: LINK.
Use of Digital Tools
I understand that you might want to use a digital device like your tablet or computer, your cell phone, or an e-
Scientific and Professional Ethics – And Plagiarism:
For all the coursework, you are expected to work on your own or group studies. However, you will be expected to explicitly acknowledge when your works are built on someone else's tasks, including ideas, drafts, papers of your classmates, professors, and authors of articles.
Additional information on CGU academic honesty and questions about drawing the line between others' work and your own, ask me. is available on the Student Services webpage (http://www.cgu.edu/pages/1132.asp ) and on Example College's academic honesty is available on the Dean's webpage: http://www.examplecollege.edu/dean.
An excellent tutorial on avoiding plagiarism can be found on the university’s Library Website: URL.
Resources
Writing Center (Center for Writing & Rhetoric)
Use the Writing Center for help with all aspects of writing for this course as well as for all your other academic work. http://www.cgu.edu/writecenter. Please use the Writing Center for developing ideas, planning outlines and reviewing drafts. You can also use the Writing Center to work on elements of grammar, structure, and academic documentation style. “The Writing Center is committed to fostering an intellectually stimulating and supportive environment for CGU students, staff, and faculty during all phases of the writing process. We seek to augment the graduate experience by offering student-
Library
I expect you to use the library’s resources from reserved items, the excellent collection on English Literature, as well as consult with the librarians to help you with your project. You can access the library resources from off campus including using the library’s chat function.
Library website: http://libraries.claremont.edu/#gsc.tab=0
Subject Area Literature Research Guide: http://libguides.libraries.claremont.edu/literature
Computer Labs on Campus
The main computer lab is the ACB Computer Lab located in the Academic Computing Building (ACB).
Digital Learning Lab:
The Digital Learning Lab (DLL) pay attention to and integrate technology skills. DLL offer learning opportunities to help you understand and master technology that will support the work you do and develop your academic and professional knowledge and skills. Services are free to all CGU students, alumni, faculty, and staff.
https://my.cgu.edu/digital-
Food Pantry
At Example College we recognize that students can sometimes go hungry. To address this, we have a number of resources on campus. Check out the Food Pantry at Wholesome Cafe, as well as the campus CalFresh program that gives you cash for food if you qualify. To see if you qualify, fill out this simple form and then contact the Dean of Students’ office at studentdean@examplecollege.edu
Well-
College is hard. Your sense of well-
● Free Exercise Classes -
● Yoga and Meditation -
● Monsour Counselling and Psychological Services. http://www.cuc.claremont.edu/monsour/): “Monsour Counseling and Psychological Services (MCAPS) is committed to promoting psychological wellness for all students served by the Claremont University Consortium. Our well-
Phone: 909-
Accommodations for Students with Disabilities
I design my courses to make them as inclusive as possible to all learners in terms of abilities, disabilities, backgrounds, learning modes, and interests. My goal is to make this class fully accessible and as meaningful as I can to you. If you have specific circumstances or needs, whether documented officially or otherwise, please feel free to approach me so we can work out how best to make adjustments for you.
In addition, I encourage you to request official academic accommodation for temporary or permanent disabilities by contacting the Dean of Students and Coordinator for Student Disability Services at DisabilityServices@cgu.edu (link) or 909-
Title IX
If I learn of any potential violation of our gender-
If you want to speak with someone confidentially, the following resources are available on and off campus: EmPOWER Center (909) 607-