Global Economic Policy Analysis
- Module Code:
- Taught in:
- Term 1
This course is one of two core courses of the MSc Global Economic Governance. It is designed to familiarize students with core policy and reform debates on current global economic governance, with emphasis on the following areas: international monetary and financial integration, international production, international trade and international competitiveness, and the role of labour in the global economy. In addition to an in-depth analysis of these policy areas, the course focuses on providing students with basic theoretical and applied training in the critical analysis of economic policy design, implementation and enforcement. It places this more general training in the context of the historical evolution of international economic policy regimes in the 20th century and the analysis of the role of changing political configurations in the emergence of contemporary structures of global economic governance.
Students pursuing a degree external to the Department of Economics should contact the convenor for approval to take this module.
Objectives and learning outcomes of the module
On successful completion of the course, a student should be able to demonstrate the ability to:
- understand basic economic policy tools and mechanisms, and how these affect economic outcomes in principle.
- recognize and analyse competing perspectives on economic policy tools and processes, their intellectual origins and their theoretical underpinnings.
- appreciate and analyse problems of policy implementation and enforcement, in particular in the area of global economic governance.
- understand the historical evolution of international policy regimes in the 20th century, their core regulatory characteristics as well as the political drivers and processes behind contemporary global economic governance structures.
- critically analyse core areas of current global economic policy processes and debates.
- differentiate between different levels of global economic governance (national, international, regional, pluri-lateral) and between different types of global economic governance (formal and informal, public and private sector-driven), their interaction and potential trade-offs between these
- apply this training to critically engage with contemporary reform proposals for the global economy.
Method of assessment
Assessment weighting: Exam 70% / coursework 30% (1 essay 3000 words). All coursework is resubmittable.