ISSUES IN THE WORLD ECONOMY

SHE Level 4
SCQF Credit Points 20.00
ECTS Credit Points 10.00
Module Code MHN120222
Module Leader n/a
School Glasgow School for Business and Society
Subject Economics
Trimester
  • B (January start)

Summary of Content

This module on 'issues in world economy' is designed to provide students with an analytical tool to understand, analyse, interpret and critically examine different issues faced by the world economy today. The module seeks to explain how and why some parts of the world have developed and large parts have lagged behind, often suffering from poverty, inequality and different forms of marginalisation and underdevelopment. The module takes an interdisciplinary approach to address theoretical issues to understand economic realities of the world today.

Syllabus

1: The interaction between Asia and the West in world economy. 2: The impact of Europe on African and Latin American economy. 3: Twentieth Century Economic Growth: Facts, Analysis and Lessons for Policy. 4: North and South Divide in World Economy- Its Problem. 5: Poverty, Inequality and Gender. 6: Aid, Trade and Development. 7: The politics of debt in World Economy. 8: Unemployment and Migration. 9: Population Growth and the Malthusian Vision of Demographic Transition. 10: Environment and Sustainable Development in World Economy. 11: The Predicaments of the World Economic Institutions (The World Bank, IMF, WTO).

Learning Outcomes

On completion of this module students should be able to:- Develop a critical understanding around the different issues and debates in the world economy. - Use appropriate tools of analysis to undertake applied research in different areas of world economy; vocationally relevant to employment in government, commerce and industry or in many other sectors of work.- Evaluate current and future issues in world economy including poverty, unemployment, inequality, gender disparity, migration, debt, food insecurity and environmental degradation. In this way, the module has been designed to create critical and informed citizenship to achieve common social goals through inclusive economic policies.

Teaching / Learning Strategy

This module has been designed to focus on the requirements of the students of interdisciplinary background. The module will be delivered every week through a series of ten thematic lectures supplemented by student led seminars and presentations (individual/group). The lectures and seminars will deal with theories in the context of contemporary issues in global political economy and its impact on different nation-states and societies. All students will be encouraged to use examples and case studies in their debates, discussions, writings and presentations. Audio-visual items, documentaries and films will be used to understand different trends and issues in world economy. There will be regular interface between the students, tutors and lectures of this module by using the GCU Blackboard system. However, teaching, learning and a ssessment strategies have been developed in this module to ensure that there is constructive alignment between intended learning outcomes.

Indicative Reading

Allen, T. & Thomas, A. (2000), Poverty and Development into the 21 st Century , OUP, Oxford. Maddison, A. (2009), Contours of the World Economy 1-2030 AD: Essays in Macro-Economic History , Princeton University Press, Princeton. Maddison, A. (2009), The World Economy: A Millennial Perspective , OECD, Paris. Eichengreen, Barry, Globalizing Capital: A History of the International Monetary System, Princeton University Press, second edition, 2008. Foreman-Peck, A History of the World Economy, chs 12 & 14; pp.235-257; 293-322. Easterly, W. (2001) The Elusive Quest for Growth: Economists' Adventures and Misadventures in the Tropics . Cambridge: MIT Press. Solow, R. (1956) "A Contribution to the Theory of Economic Growth". Quarterly Journal of Economics 70 (Feb.), pp. 65-94. Journals: Annals of Economics and Finance Asian Business & Management Economic and Business Review for Central and South-Eastern Europe Environmental Economics and Policy Studies European Journal of Political Economy Forum for Social Economics Asian Development Review Indian Economic Review Journal of Comparative Economics Journal of Development Studies Journal of Economic Policy Reform Monthly Review The World Bank Economic Review The World Economy Websites: http://www.paecon.net/ http://www.weforum.org/en/index.htm http://www.brettonwoodsproject.org/ http://www.cid.harvard.edu/cidwp/ http://www.hks.harvard.edu/fs/drodrik/research.html

Transferrable Skills

Develop presentatation and analytical skills through the ability to express and discuss concepts and develop arguments with clarity and confidence. Engage in critical debate and discussion through team work. Ability to reflect on different issues with the help of enhanced research skills.

Module Structure

Activity Total Hours
Independent Learning (FT) 104.00
Assessment (FT) 30.00
Directed Learning 30.00
Lectures (FT) 24.00
Seminars (FT) 12.00

Assessment Methods

Component Duration Weighting Threshold Description
Coursework 2 n/a 25.00 n/a 2000 word essay
Exam (Exams Office) 3.00 50.00 35% 3 hour examination
Coursework 1 n/a 25.00 n/a 15 minute seminar presentation