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2019/20 Taught Postgraduate Module Catalogue

LUBS5116M Economics of Globalisation and the International Economy

15 creditsClass Size: 100

Module manager: Fazil Acar

Taught: Semester 2 (Jan to Jun) View Timetable

Year running 2019/20

Pre-requisite qualifications

Previous study of economics

This module is not approved as an Elective

Module summary

This module introduces you to a wide range of different topics in the international economy in the context of globalisation. Exact topics might vary according to current affairs, but issues covered include international trade, foreign direct investment, exchange rates, financial markets, regional integration and the empirical impact of globalisation. Particular emphasis will be placed on the structural differences and special conditions of developing countries. Moreover, in the module you will be introduced to different economic theories which will allow you to (a) analyse current trends in the international economy; and (b) formulate effective policy recommendations to solve some of the most pressing problems in a globalised international economic system.


This module aims to provide students with an in-depth and critical understanding of the main issues in international economics in the context of globalisation, including financial and exchange markets, trade, foreign direct investment and regional integration. Particular emphasis is placed on the critical study of theories from different economic paradigms and their application to current empirical phenomena and the policy debate. In addition, particular focus is placed on the issues faced by developing and emerging countries in the current globalised international economy.

Learning outcomes
Upon completion of this module students will be able to critically assess:
- main issues and recent developments in the workings of the international economy in the context of globalisation
- existing economic theories in the study of international economics
- particular issues developing and emerging countries face in the globalised international economy

Skills outcomes
Upon completion of this module students will be able to:
- Critically engage with a wide range of different ideas and develop analytical rigour to present a well-structured and clear argued assessment drawing on these ideas

Subject Specific
- Apply a wide range of different economic theories to assess economic problems and formulate effective policy recommendations
- Apply existing theories to current empirical phenomena and debates


Indicative content
The module includes the following topics: An overview of globalisation and the international economy, recent trends and international institutions; Theories of international trade and trade policy; Recent trends and theories of foreign direct investment; Theories of exchange rate determination and the issue of exchange rate management; Theories of financial market integration and costs and benefits of financial liberalisation and financial crises; Theories of regional integration: trade integration and monetary union; Trade, growth and inequality: the relationships between trade, growth and inequality between nations.

Teaching methods

Delivery typeNumberLength hoursStudent hours
Private study hours127.00
Total Contact hours23.00
Total hours (100hr per 10 credits)150.00

Opportunities for Formative Feedback

Contributions to seminars, special feedback sessions and academic consultation hours

Methods of assessment

Assessment typeNotes% of formal assessment
Assignment2,000 word essay30.00
Total percentage (Assessment Coursework)30.00

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

Exam typeExam duration% of formal assessment
Standard exam (closed essays, MCQs etc)2 hr 70.00
Total percentage (Assessment Exams)70.00

The resit for this module will be 100% by 2 hours examination

Reading list

The reading list is available from the Library website

Last updated: 05/08/2019


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