CONTEMPORARY ISSUES IN WORLD ECONOMY

SHE Level 4
SCQF Credit Points 20.00
ECTS Credit Points 10.00
Module Code MHN225546
Module Leader Marissa McDonagh
School Glasgow School for Business and Society
Subject Economics
Trimester
  • B (January start)

Pre-Requisite Knowledge

Ethical Trade and International Market Entry or equivalent

Summary of Content

This module analyses some of the most important contemporary issues confronting the world economy, including the environment, the process of economic development, poverty and inequality, migration, the economic impact of technological change, the changing nature of International trade and gender issues. The focus will be on the nature of these problems, potential solutions and an exploration of the dimensions of these issues in the future. The contemporary nature of the module means that the emphasis accorded to each will vary as required to give students a grounding in the issues which will face them after graduation.

Syllabus

Context of the World Economy Economic Ideologies and Economic Thought Economic Instability, the Business Cycle and Government Policy The Great Crash and its Aftermath: Differential Impacts and Economic Policy Responses International Trade: The Limits of Globalisation. Multinationals, Tax Revenues and Offshore Banking Technological Change: Economics impacts and Implications The Economic impacts of Migration and Demographics The Shifting Balance of the World Economy: China, the Belt & Road The World Food System and Food Insecurity Inequality, Poverty and Gender International Development

Learning Outcomes

On successful completion of this module, students will be able to:1. Develop a critical understanding of the contemporary issues, problems and potential solutions in the world.2. Be equipped with appropriate tools of analysis that will allow them to undertake applied research of these issues.3. Evaluate the main problems associated with the recent global economic crisis and its aftermath including poverty, demographics, unemployment, inequality, gender disparity, and the structure of the labour market4. Critically assess the problems associated with increased levels of migration, debt, food insecurity and environmental degradation.5. Critically evaluate existing policy interventions in these areas at a global regional and national levels.

Teaching / Learning Strategy

The module will be delivered every week through a series of thematic lectures supplemented by student led seminars and presentations. The lectures will explore some of the 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 Learn. Students will explore some of these contemporary issues through individual presentations and written essays on research questions which they develop themselves. GSBS will continue to use the advancement of GCU Learn as a blended learning tool through its teaching and learning as well as through engagement with students. GSBS will ensure that all modules are GCU Learn enabled and with the support of the Learning Technologists at the cutting edge of development of online materials. Academic staff and the Learning Technologists will continue to work together to develop and operate all modules on GCULearn to ensure student support and information sharing.

Indicative Reading

Books and articles: Dicken, P (2016), Global Shift, 7th Edition, Sage, London Eichengreen, B (2008) Globalizing Capital: A History of the International Monetary System, Princeton University Press, second edition Graeber, D (2011), Debt: The First 5,000 Years. Melville House Publishing Griffiths, B. et al. (2001), Capitalism, Morality and Markets, Institute of Economic Affairs, London. Ha-Joon Chang. (2014), Economics: The User's Guide. Pelican, London Ha-Joon Chang, (2013), Rethinking Development Economics, Anthem Press, London Ha-Joon Chang, (2011) 23 things they don't tell you about capitalism, Penguin, London Ha-Joon Chang, (2008), Bad Samaritans: the guilty secrets of rich nations and the threat to global prosperity, Random House, London Mason, Paul (2015). Post Capitalism: A Guide to our Future. Allen Lane, London Nafziger, EW (2006), Economic Development, Fourth Edition, Cambridge University Press. O'Brien, R. & Williams, M. (2017), Global Political Economy: 5thedition, Palgrave Macmillan, London. Paul, R. (2008), Pillars of Prosperity: Free Markets, Honest Money and Private Property, Ludwig von Mises Institute, Auburn, Alabama. Ravenhill, J. (2016), Global Political Economy (ed),5th edition, OUP, Oxford. Walter and Sen, (2009) Analyzing the Global Political Economy, Princeton University Press, Princeton. Zak, P.J. (2008), Moral Markets, Princeton University Press, Princeton 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 Online sources: <http://www.globalissues.org/> <http://onlinelibrary.wiley.com/journal/10.1111/(ISSN)1467-9701/issues> <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 presentation 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. By the end of this module students will have gained competence in the following key areas: Analytical and critical thinking skills Communication skills (oral and written) Discussion skills Essay writing Problem solving skills Interpersonal skills Time management skills Team working skills

Module Structure

Activity Total Hours
Lectures (FT) 24.00
Seminars (FT) 11.00
Assessment (FT) 40.00
Independent Learning (FT) 125.00

Assessment Methods

Component Duration Weighting Threshold Description
Exam (Exams Office) 2.00 60.00 35% Exam
Course Work 01 n/a 40.00 35% Individual essay due week 7