Global Economics
Economics and finance in a globalised world
Module details
- Offered to 3rd & 4th Years
- Thursdays 16.00-18.00
- Planned delivery: On campus (South Kensington)
- Two-term module, worth 5 ECTS
- Available to eligible students as part of I-Explore
- Extra Credit, or Degree Credit where your department allows
Global economics is a key contemporary topic, which also bears on a range of pressing political, social and environmental issues. This module provides a comprehensive treatment of the key contemporary issues in global economics and the leading models deployed by global economics institutions such as the WTO, United Nations, IMF and World Bank, as well as by global companies.
It will equip you with the conceptual tools to analyse global economic environment of business, both from the corporate and public policy perspectives. The module also provides an opportunity to conduct policy analysis of a global economic issue.
Information blocks
Learning outcomes
On successful completion of this module, you will be able to:
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Explain the key issues in global economics
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Apply economic analysis tools to a rapidly changing landscape of international business and produce recommendation for business strategy
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Apply theory and principles to analyse a key policy issue and produce a reasoned recommendation for policy intervention
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Present individual work to peers and respond to constructive feedback from facilitator and other learners
Indicative core content
- What is global economics and why does it matter?
- Key debates in global economics
- Global economic landscape and business strategies
- Determinants of economic growth
- Stabilisation policy. Monetary and fiscal policies. Domestic and foreign debt
- Currency and exchange rate policies
- Global economic integration
- Industrial policy and trade policy
- Global digital economy and its development
- The international trade and monetary system including the WTO, United Nations, IMF and World Bank
- The economics of population growth
- Poverty, inequality, and social welfare
- Sustainable development and the environment
- Key challenges in the current global economic environment
Learning and teaching approach
The module will be taught by a series of interactive lectures, which will introduce and reinforce key frameworks and methods. These lectures will incorporate workshop activities, group discussion and videos. Individual consultations on coursework will be made available. You will learn by guided independent reading.
Module presentations will be marked live using bespoke marking software, with feedback provided through that software. Summative essay assessments will be submitted via the module VLE. Written feedback for essays will be suppled to you via the module VLE.
Assessment
Summative assessments are an opportunity for you to take an in-depth look at a real world policy issue, including a review of the literature and clear policy and/or business recommendations.
- Group presentation (10-min) and participation in a classroom debate on a specific global economics issue (arguing for or against a policy/view). Group report (12-15 slides), comprehensively consider the policy/view from both perspectives (40%)
- Individual report (up to 2,000 words), analysing an global economic issue with a critical review of policy options or analysing an issue in the global economic environment of business with a review of business strategy options (60%)
The report is intended to be integrative of the material in the module and at the same time providing an opportunity to focus on issues central to your growing interests.
Key information
- Requirements: You are expected to attend all classes and undertake approximately 85 hours of independent study in total during the module. Independent study includes reading and preparation for classes, researching and writing coursework assignments and preparing for other assessments.
- This module is designed as an undergraduate Level 6 module. For an explanation of levels, view the Imperial Horizons Level Descriptors page.