This module is inactive in the selected year. The information shown below is for the academic year that the module was last running in, prior to the year selected.

2016/17 Undergraduate Module Catalogue

LUBS3560 Global Economic Coordination and Governance

10 creditsClass Size: 90

Module manager: Prof. Gary Dymski
Email: G.Dymski@leeds.ac.uk

Taught: Semester 1 (Sep to Jan) View Timetable

Year running 2016/17

This module is not approved as a discovery module

Module summary

This module will enable you to understand the 20th and 21st century events that have made global economic governance necessary but also problematic. It give you the opportunity to develop your own ideas about the future of the global economic system and its oversight, with special attention to the European crisis and to the role of the global South – especially the BRICS nations – in the evolving global dynamics.This module offers a mixture of lecture sessions and of seminars at which you debate the issues raised. It is assumed that you are broadly familiar with open-economy concepts.

Objectives

This module provides students with the knowledge to understand the challenges involved in achieving global economic coordination and governance. This is accomplished via an exploration of the evolving history of global governance regimes, from the Gold Standard to the current day. It aims to provide a sustained opportunity to explore how microeconomic and macroeconomic concepts from economic theory modules interact, and to explore how public policy questions and economic dynamics interact.

Learning outcomes
Upon completion of this module students will be able to:
- Recognise and breakdown the fundamental microeconomic and macroeconomic principles involved in global economic governance, and the challenges created by cross-border imbalances
- Explain and critically compare the main approaches to global economic governance, developed by thinkers including Polanyi, Kindleberger, Keynes, Friedman, Eichengreen, Soros
- Debate the concepts of global hegemony and of open and closed systems
- Describe core elements of, and debate about, the Gold Standard system, Keynes’ bancor proposal, the Bretton Woods system, and the neoliberal system Outline the contrasting logics of different approaches to macroeconomic policy-making and outcomes

Skills outcomes
Upon completion of this module students will be able to:
Transferable
- Articulate and defend ideas about contrasting logics of how things work

Subject specific
- Discuss and debate from an informed perspective systems of international economic coordination
- To connect political and economic logics in the realm of the international economy

Syllabus

Indicative content
Introduction: the Global Economic Crisis
Macro accounting and the global context of bordered economic relations
The End of the Gold Standard and the Great Depression
The Bancor: Keynes’ Plan for Global Prosperity
The Bretton Woods System: Paths Taken and Not Taken
Breakdown of the Bretton Woods System
The Neoliberal Era and the Latin American and Asian financial crises
Post-hegemonic hegemony-the Washington consensus
The Eurozone and its Crisis
Global Crisis, the BRICS, and the Global South
Does the World Still Need a Global Hegemon?

Teaching methods

Delivery type	Number	Length hours	Student hours
Lecture	15	1.00	15.00
Seminar	5	2.00	10.00
Private study hours			75.00
Total Contact hours			25.00
Total hours (100hr per 10 credits)			100.00

Private study

Private study:
- 5 hours reading per lecture: 55 hours;
- 5 hours reading and preparation per seminar: 25 hours;
- 43.5 hours revision for the final examination.

Opportunities for Formative Feedback

Students will be expected to take an active role in class group discussion, based on readings and other materials assigned for class.

Methods of assessment

Exams

Exam type	Exam duration	% of formal assessment
Standard exam (closed essays, MCQs etc)	2 hr 00 mins	100.00
Total percentage (Assessment Exams)		100.00

Normally resits will be assessed by the same methodology as the first attempt, unless otherwise stated

Reading list

There is no reading list for this module

Last updated: 15/04/2016

Disclaimer

Browse Other Catalogues

• Undergraduate module catalogue
• Taught Postgraduate module catalogue
• Undergraduate programme catalogue
• Taught Postgraduate programme catalogue

Errors, omissions, failed links etc should be notified to the Catalogue Team.PROD