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Department of Economics, Unit Catalogue 2011/12


ES10007: The modern world economy

Click here for further information Credits: 6
Click here for further information Level: Certificate (FHEQ level 4)
Click here for further information Period: Semester 1
Click here for further information Assessment: CW 100%
Click here for further information Supplementary Assessment: Like-for-like reassessment (where allowed by programme regulations)
Click here for further information Requisites:
Click here for further information Description: 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.

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 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.

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: 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.
Click here for further informationProgramme availability:

ES10007 is Compulsory on the following programmes:

Department of Economics
  • UHES-AFB03 : BSc (hons) Economics (Full-time) - Year 1
  • UHES-AKB03 : BSc (hons) Economics (Full-time with Thick Sandwich Placement) - Year 1
  • UHES-AFB02 : BSc (hons) Economics and International Development (Full-time) - Year 1
  • UHES-AKB02 : BSc (hons) Economics and International Development (Full-time with Thick Sandwich Placement) - Year 1
  • UHES-AFB01 : BSc (hons) Economics and Politics (Full-time) - Year 1
  • UHES-AKB01 : BSc (hons) Economics and Politics (Full-time with Thick Sandwich Placement) - Year 1

ES10007 is Optional on the following programmes:

Department of Politics, Languages and International Studies
  • UHPL-AAB10 : BSc (hons) Politics with Economics (Full-time with Study Year Abroad) - Year 1
  • UHPL-AFB10 : BSc (hons) Politics with Economics (Full-time) - Year 1
  • UHPL-AKB10 : BSc (hons) Politics with Economics (Full-time with Thick Sandwich Placement) - Year 1
Department of Social & Policy Sciences
  • UHSP-AFB16 : BSc (hons) Social Policy (Full-time) - Year 1
  • UHSP-AKB16 : BSc (hons) Social Policy (Full-time with Thick Sandwich Placement) - Year 1
  • UHSP-AFB05 : BSc (hons) Social Sciences (Full-time) - Year 1
  • UHSP-AKB05 : BSc (hons) Social Sciences (Full-time with Thick Sandwich Placement) - Year 1
  • UHSP-AFB04 : BSc (hons) Sociology (Full-time) - Year 1
  • UHSP-AKB04 : BSc (hons) Sociology (Full-time with Thick Sandwich Placement) - Year 1
  • UHSP-AFB10 : BSc (hons) Sociology and Social Policy (Full-time) - Year 1
  • UHSP-AKB10 : BSc (hons) Sociology and Social Policy (Full-time with Thick Sandwich Placement) - Year 1
  • UHSP-AFB11 : BSc (hons) Sociology with Human Resource Management (Full-time) - Year 1
  • UHSP-AKB11 : BSc (hons) Sociology with Human Resource Management (Full-time with Thick Sandwich Placement) - Year 1

NB. Programmes and units are subject to change at any time, in accordance with normal University procedures.