Department of Economics & International Development, Unit Catalogue 2008/09
EC10008 The modern world economy
| Credits: 6 |
| Semester: 1|
|Assessment: CW 30%, EX 70%|
Aims: The aim of this Unit is to equip students with an understanding of key economic issues and international institutions in a global context. Students will be exposed to a number of views concerning key topics in the current modern world economy. The unit will take a theoretical, analytical and empirical view of these topics.
The Unit supports and provides a relevant international policy context for first year units in introductory micro and macroeconomics and development economics.
By the end of the course unit, students should be able to develop an informed commentary on both academic and more popular arguments on:
1. The role of multilateral corporations in the global economy
2. The role trade plays in economic performance of developing countries
3. The impacts of globalisation on the ability of the nation state to produce independent domestic policies.
4. How markets work and how they can fail.
Intellectual: analytical thinking, critical reading, discussing ideas, coherent understanding of issues by reading and evaluating a wide range of literature. Key skills: Essay writing skills, communication skills and presentation skills.
Lecture 1: An overview of the world economy
Lecture 2: Foreign Trade - Theory, Policy and Evidence
Lecture 3: Trade agreements - Theory and Evidence
Lecture 4: Foreign Direct Investment and Multinational Companies
Lecture 5: Role of the World Bank, IMF and WTO
Lecture 6: East Asia Development and Crisis
Lecture 7: International Finance
Lecture 8: Poverty
Lecture 9: National economic policy and globalisation: complements or conflict?
Lecture 10: International Migration
Lecture 11: Revision lecture.