Home Department Management

Home Faculty Faculty of Business and Law

Unit Co‐ordinator Dr Stuart Barrett

Key Words Globalisation, economic growth and development, trade and investment, emerging markets, economic policy.

Unit Description

Brief Summary The unit will explore selected key issues presented by the globalising world economy. The key drivers of globalisation will be identified and examined. The factors why some country’s grow faster than others will be explored. The role of trade and investment will be examined within the context of global and regional institutional and financial frameworks. Current issues related to the global economy will be considered.

Indicative Content

Globalisation: theory and evidence.
Economic growth and development: theory and historical trends.
The global financial and institutional framework: historical developments and contemporary application.
Trade and global investment theory and practice.
Financial crises, and emerging market developments.

Learning Outcomes

Unit Learning Outcomes

On successful completion of this unit students will be able to:

1. Explain the causes, consequences and debates with respect to globalisation.

2. Identify and explain the key factors that determine economic growth and development.

3. Explain the role of global institutional and financial frameworks in shaping the international economic environment.

4. Explain and evaluate the role of trade and the multinational enterprise in shaping the global economic environment.

5. Evaluate current issues related to the global economic environment.

Description of each element of Assessment

The taught subject material will be accompanied by discussion forums for each weekly topic. Assessed forum posts will consist of responses to prescribed readings, applying theoretical concepts, and presenting evidence to support or challenge the assertions of others. Students would be expected to post between 10‐15 substantive contributions per week.