Department of Economics & International Development, Unit Catalogue 2007/08 |
EC10008 The modern world economy |
| Credits: 6 |
| Level: Certificate |
| Semester: 1 |
| Assessment: EX70CW30 |
| Requisites: |
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Aims:The aim of this Unit is to equip students with an historical, institutional and analytical understanding of economic issues and institutions in a global context. Students will be exposed to diverse views in a variety of books and articles and will be encouraged to take a questioning approach to concepts and to the use of evidence. The Unit supports and provides a relevant international policy context for first year units in introductory micro and macroeconomics.
Learning Outcomes: 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 ideological and historical origins of economic theories. 2. The role of multilateral corporations in the global economy 3. The impacts of globalisation on the ability of the nation state to produce independent domestic policies. 4. The scope for national economic policies within the globalised economy. Skills: 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. Content: Lecture 1: Methodology and an overview of the world economy Lecture 2: A brief historical perspective Lecture 3: Foreign Trade Lecture 4: Foreign Direct Investment and Multinational Companies Lecture 5: Regional Integration Lecture 6: Role of the World Bank, IMF and WTO Lecture 7: Privatisation Lecture 8: Globalisation and the state Lecture 9: Debt crisis and aid Lecture 10: National variations in policy stance Lecture 11: Revision lecture. |