SHE Level 4
SCQF Credit Points 20.00
ECTS Credit Points 10.00
Module Code MHN226661
Module Leader Marissa McDonagh
School Glasgow School for Business and Society
Subject Economics
  • A (September start)

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, free trade v fair 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.


1: Interaction between the regions of the world. The Global economic crisis and its aftermath. 2: Globalisation and its effects. The Changing world economic order 3: The North and South Divide in World Economy 4: Poverty, Inequality and Gender. 5 Aid, Trade and Development. The growing level of debt in the world economy. 6: Unemployment and Migration. 7: Population Growth and the Malthusian Vision of Demographic Transition. 8: Environment and Sustainable Development in World Economy. 9: The Predicaments of the World Economic Institutions (The World Bank, IMF, WTO). 10: Future developments problems and solutions.

Learning Outcomes

On succesful 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, unemployment, inequality, gender disparity, 4) 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. As university for the common good, equality and diversity principles are core GCU values. Equality, diversity and inclusivity is embedded in this module through the creation of learning, teaching and assessment strategies that promote equality of opportunity, eliminate discrimination and harness the benefits of functional and demographic diversity. Engaging students of different class, race and ethnic backgrounds, gender identity, sexual orientation and beliefs is ensured in this module in the following ways; b7 A curriculum that is accessible and meaningful to all by actively valuing diversity and encouraging students to draw on their own experiences in relation to the module content; b7 Conscious use of language and module content that is free from stereotyping, sexism, racism, homophobia, transphobia and discrimination based on systems of belief b7 Recognition and awareness of perceived power imbalances within the student cohort (e.g. gender, race, class and intersecting identities). This is dependent on identifying the characteristics of the student cohort before the module commences.

Indicative Reading

-567 Books and articles: Chang, H. (2012). 23 things they don't tell you about capitalism . Penguin. Chang, H. (2014). Economics?: the user's guide . Pelican. O'Brien, R., & Williams, M. (2020). Global political economy?: evolution & dynamics (6th edition.). Red Globe Press, an imprint of Macmillan Education. Ravenhill, J. (2017). Global political economy (5th edition.). Oxford University Press. Cleaver, T.(2013), Understanding the World Economy, Routledge, New York. 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. 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 Online sources: <> <> <> <> <> <> <>

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
Independent Learning (FT) 124.00
Seminars (FT) 12.00
Assessment (FT) 40.00
Lectures (FT) 24.00

Assessment Methods

Component Duration Weighting Threshold Description
Exam 01 2.00 60.00 35% 2 Hour Examination
Course Work 01 n/a 40.00 35% Individual Essay 2000 words