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2019/20 Undergraduate Module Catalogue

LUBS3590 International Economics: Integration and Governance

20 creditsClass Size: 94

Module manager: Annina Kaltenbrunner

Taught: Semesters 1 & 2 View Timetable

Year running 2019/20


LUBS2140Intermediate Microeconomics
LUBS2610Intermediate Macroeconomics

Module replaces

LUBS3570 Current Topics in European IntegrationandLUBS3560 Global Economic Coordination and GovernanceandLUBS3010 International Trade

This module is not approved as a discovery module

Module summary

This module will enable you to understand why economic globalisation has been pervasive in so many spheres of economic life in the 20th and 21st centuries. This will be accomplished by in-depth examinations of various processes of international economic and regional integration: trade and production, money, finance, and migration. The past and future experience of Europe, the US, and the developing and emerging economies will be considered and compared. A central theme of this module is contrasting the different theories available to analyse international and regional integration and understanding the challenges of economic governance that arise in cross-border relations. Special attention will be paid to policy dilemmas and potential solutions in this political economic sphere.


This module provides students an understanding of international economic integration and governance, with special attention to the challenges confronting Europe, the US, and developing and emerging economies. Students will master the logic of different economic theories about international trade and production, money, finance, and migration. They analyse the strengths and weaknesses of different theoretical approaches, as well as learning how to assess historical, institutional, and empirical aspects of the evolving gobal economy.

Learning outcomes
Upon completion of this module, students will:
Subject Specific
- Demonstrate a critical understanding of the fundamental microeconomic and macroeconomic principles and theories underlying debates about international economic integration, across different spheres of economic activity.
- Critically evaluate the fundamental microeconomic and macroeconomic principles involved in global economic governance.
- Outline and critically compare the challenged that cross-border imbalances create for national economies and for the global system.
- Explain past and present systems of international economic coordination.
- Critically discuss and debate the alternative approaches to global economic governance.
- Analyse with insight the various manifestations of power that arise in socio-economic circumstances.

- Articulate and defend ideas about contrasting logics of complex socio-economic systems.
- Recognise how to distinguish between time-invariant dimensions and time-varying problems in systems requiring social coordination.
- Engage critically with a wide range of different ideas and apply analytical rigour to present a well-structured and clearly argued assessment drawing on these ideas.


Indicative content
Economic Theories and Empirical Examples: Trade and Production; Money; Finance; Migration.

Governance: Challenges of Global Coordination; Governance of Trade; Governance of International Money; Governance of Finance; Regional Governance.

Teaching methods

Delivery typeNumberLength hoursStudent hours
Private study hours170.00
Total Contact hours30.00
Total hours (100hr per 10 credits)200.00

Private study

Students will be required to engage with the lecture and seminar material with a view to them engaging in debates and discussions during seminars.

Opportunities for Formative Feedback

The seminars (one seminar to every two lectures) will give students an opportunity to complete work and to receive feedback on that work.

The semester 1 exam is also useful as a feedback device as it will give students an indication of their understanding of the semester 1 theoretical material that will be built on and underpin the semester 2 topics.

Methods of assessment

Assessment typeNotes% of formal assessment
Essay3,000 word essay70.00
Total percentage (Assessment Coursework)70.00

The resit for this module will be 100% by 3,000 word coursework.

Exam typeExam duration% of formal assessment
Standard exam (closed essays, MCQs etc)1 hr 30.00
Total percentage (Assessment Exams)30.00

The resit for this module will be 100% by 3,000 word coursework.

Reading list

The reading list is available from the Library website

Last updated: 30/04/2019


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