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Unit information: Global Economy in 2020/21

Unit name Global Economy
Unit code EFIMM0105
Credit points 15
Level of study M/7
Teaching block(s) Teaching Block 2 (weeks 13 - 24)
Unit director Mr. Jahir Islam
Open unit status Not open

TB1 Economics



School/department School of Economics
Faculty Faculty of Social Sciences and Law


This unit will introduce materials on globalisation, trade and growth in the open economy. It will provide an opportunity for students to analyse some of the big but unresolved debates concerning international exchange of goods and services across borders. In particular, the unit will look at whether developing economies are held back by their domestic policies, their place within the global economy and their limited ability to engage in trade or symmetrical relationships with richer countries. The unit will introduce selected economic theory and models to address issues specific to developing countries as well as consider the empirical evidence. The challenges of appropriate policy will be considered throughout the unit.

The precise content will tend to vary from year to year, but topics covered are likely to include role of trade policy, FDI, globalisation and economic growth, East Asian model, balance of payment, financial liberalisation.

The objectives of the unit are to:

  1. introduce key issues in globalisation that pose challenges and opportunities for growth and development across countries;
  2. provide students with analytical tools in order to assess alternative policy measures.

Intended learning outcomes

1 To enable students to use economic theory to analyse selected current global issues and practical problems.

2 To acquire skills to engage in analysis of economic theory and practice.

3 To draw on research findings in order to synthesise and evaluate the empirical material on selected debatable issues.

4 To provide students with an understanding of current academic and policy debates in an inter-connected economic world.

Teaching details

Teaching will be delivered through a combination of synchronous and asynchronous sessions such as online teaching for large and small group, face-to-face small group classes (where possible) and interactive learning activities

Assessment Details

coursework (100%)

Reading and References

Weil, D.N. 2013, Economic Growth, Pearson.

Cypher, J. M. 2014, The Process of Economic Development, Routledge.

Bordo, M.D., Alan M. Taylor and Jeffrey G. Williamson. 2003. Globalization in Historical Perspective, National Bureau of Economic Research

A set of topic specific journal articles for lectures and classes.