Course Description
Globalization and the World Economy provides an overview of the broad economic trends in the development of the world economy since the second world war. The course will address the major debates relating to economic interdependence, economic development and growth, the patterns of international trade and investment, global financial markets, natural resource scarcity, and the role of major multilateral economic institutions such as the World Bank and IMF. The course will also introduce some of the main economic theories which have played a significant role in these debates. The material presented in this course will appeal to anyone looking for a deeper understanding of contemporary world events in the economic, political and social spheres.
Means of Assessment
| Paper |
0% - 20% |
| Assignments |
0% - 30% |
| Term Tests |
0% - 20% |
| Midterm Exam |
20% - 40% |
| Final Exam |
20% - 40% |
| Total |
100% |
Students may conduct research as part of their coursework in this class. Instructors for the course are responsible for ensuring that student research projects comply with College policies on ethical conduct for research involving humans, which can require obtaining Informed Consent from participants and getting the approval of the Douglas College Research Ethics Board prior to conducting the research.
Learning Outcomes
The student will be able to:
- Describe the state of the world economy at the beginning of the 21 st century;
- Explain the issues surrounding the debate over protectionism vs free trade;
- Outline the major international agreements governing commercial policy;
- Explain the major issues associated with direct foreign investment;
- Analyze the issues associated with economic growth, income distribution and poverty, and population growth;
- Explain the growth of global financial markets;
- Evaluate the role played by major multilateral institutions such as the IMF and World Bank.
Textbook Materials
Textbooks and Materials to be Purchased by Students
To be chosen from:
Friedman, Thomas. The Lexus and the Olive Tree, Latest Ed. Anchor Books.
Wolf, Martin. Why Globalization Works, Latest Ed. Yale University Press.