SHE Level 5
SCQF Credit Points 15.00
ECTS Credit Points 7.50
Module Code MML125524
Module Leader James Campbell
School Glasgow School for Business and Society
Subject Economics
  • A (September start)

Pre-Requisite Knowledge


Summary of Content

This module is designed to provide students with analytical tools to understand the contemporary world economy within a historical context and analyse different trends, issues and dynamics of social, cultural, political and economic environment that shapes our day to day life. The module takes an interdisciplinary approach to understand and address theoretical issues to replicate economic realities of our world today. In this way, the module covers a comprehensive understanding of the global political economy and its structures, agencies and processes. In particular the module will identify the main drivers of economic growth and development and will explore the contribution which international trade makes to the development of the global economy. The module will conclude by considering the future trends, problems and issues affecting the world economy such as the apparent conflict between the need to protect and sustain resources the physical environment and the desire to achieve faster rates of economic growth and development.


The rise of the global economy. Economic Growth and development. Theory and practice. Comparative economic performance. The theory and practice of international trade. The regulation of the global economy. Future Trends, Issues & Problems. Protecting the environment or promoting growth?

Learning Outcomes

:On successful completion of this module a student should be able to:1. Develop an integrated and critical knowledge of theories and issues involved in the debates and contemporary trends surrounding global political economy.2. Understand the main theories associated with the development of international trade and evaluate their relevance in practice.3. Demonstrate an appreciation of the salient features, trends and problems experienced by a variety of different economies.4. Evaluate future trends and issues affecting the global economy.

Teaching / Learning Strategy

The module will be delivered through a series of thematic lectures and student-centred seminars where students will be expected to undertake a number of different tasks including delivering presentations, acting as discussants and performing the role of rapporteur. Extensive use will be made of GCU learn to enhance the learning experience and engagement of students on the module. This will include depositing key resources such as journal articles, web links embedded video clips etc. as well as using GCU learn to encourage interaction between students using discussion boards and blogs to stimulate discussion, analysis and reflection on issues raised in the lectures and seminars.

Indicative Reading

Cohn, T. (2016) Global Political Economy. Theory & Practice. 7 th Edition Abington Routledge Ravenhill, J. (ed) (2017) Global Political Economy 5 th edition Oxford OUP. Oatley, T. (2016) International Political Economy. Abington Routledge. Eagleton-Pierce, M. (2016) Neoliberalism: The Key Concepts. Abington Routledge. Krugman, P., Obstfeld, M. & Melitz (2015) Internal Economics: Theory and Policy. 10 th Edition London Pearson.

Transferrable Skills

Generic Skills -360b7 Presentation and communication skills. b7 Ability to evaluate, assimilate and interpret economic data. Employability Skills -360b7 Ability to compare and contrast different approaches to common problems. b7 Ability to work independently and as part of a team Digital Capabilities -360b7 Source economic data and policy evaluations

Module Structure

Activity Total Hours
Independent Learning (FT) 74.00
Seminars (FT) 12.00
Lectures (FT) 24.00
Assessment (FT) 40.00

Assessment Methods

Component Duration Weighting Threshold Description
Exam 01 2.00 50.00 45% Unseen Exam
Course Work 01 n/a 50.00 45% Report 2000 words