Globalization and the World Economy

Faculty
Commerce & Business Administration
Department
Economics
Course Code
ECON 1103
Credits
3.00
Semester Length
15 Weeks X 4 Hours per Week = 60 Hours
Max Class Size
35
Method Of Instruction
Lecture
Typically Offered
To be determined
Campus
Online

Overview

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.
Course Content
  1. Facts relating to the global economy in the 21st century
  2. Review of economic concepts relating to markets
  3. Overview of world trade
  4. Protectionism vs free trade
  5. Commercial Policy since the second world war
  6. Foreign direct investment and locational competition between governments
  7. Economic growth, income distribution, poverty and population growth
  8. Energy and the world oil market
  9. Global financial markets
  10. World monetary system and financial imbalances
  11. Global warming and Kyoto
  12. The global information economy
Methods Of Instruction

Lecture and discussion.

Means of Assessment
Paper  0% - 20%
Assignments  0% - 30%
Term Tests  0% - 20%
Midterm Exam       20% - 40%
Final Exam 20% - 40%
Total        100%
Learning Outcomes

The student will be able to: 

  1. Describe the state of the world economy at the beginning of the 21 st century;
  2. Explain the issues surrounding the debate over protectionism vs free trade;
  3. Outline the major international agreements governing commercial policy;
  4. Explain the major issues associated with direct foreign investment;
  5. Analyze the issues associated with economic growth, income distribution and poverty, and population growth;
  6. Explain the growth of global financial markets;
  7. 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.

Requisites

Prerequisites

No prerequisite courses.

Corequisites

No corequisite courses.

Equivalencies

No equivalent courses.

Requisite for

This course is not required for any other course.

Course Guidelines

Course Guidelines for previous years are viewable by selecting the version desired. If you took this course and do not see a listing for the starting semester / year of the course, consider the previous version as the applicable version.

Course Transfers

Institution Transfer Details Effective Dates
Capilano University (CAPU) CAPU ECON 1XX (3) 2004/09/01 to -
Kwantlen Polytechnic University (KPU) KPU ECON 1XXX (3) 2006/09/01 to -
Langara College (LANG) LANG ECON 1XXX (3) 2006/09/01 to -
Simon Fraser University (SFU) SFU ECON 102 (3), B-Soc 2006/09/01 to -
Thompson Rivers University (TRU) TRU ECON 1XX (3) 2006/09/01 to 2010/08/31
Thompson Rivers University (TRU) TRU ECON 1XXX (3) 2010/09/01 to -
University of British Columbia - Okanagan (UBCO) UBCO ARTS 1st (3) 2006/09/01 to -
University of British Columbia - Vancouver (UBCV) UBCV ARTS 1st (3) 2006/09/01 to -
University of Northern BC (UNBC) UNBC ECON 1XX (3) 2006/09/01 to -
University of the Fraser Valley (UFV) UFV ECON 1XX (3) 2006/09/01 to -
University of Victoria (UVIC) UVIC ECON 1XX (1.5) 2006/09/01 to -
Vancouver Island University (VIU) VIU ECON 1st (3) 2006/09/01 to -

Course Offerings

Fall 2020

CRN
Days
Dates
Start Date
End Date
Instructor
Status
Location
33626
Wed Fri
08-Sep-2020
- 07-Dec-2020
08-Sep-2020
07-Dec-2020
Marshall
Leslie
Waitlist
Online
ECON 1103 001 - Recommended prerequisite courses for ECON 1103 are English 12 with a grade of C or better AND BC Principles of Math 11.

This course can count as a relevant course in an Associate of Arts specialization in Intercultural and International Studies.

This course will include synchronous on-line activities. Students should plan to be available on-line at scheduled course times.
Max
Enrolled
Remaining
Waitlist
35
33
2
2
Days
Building
Room
Time
Wed Fri
8:30 - 10:20
CRN
Days
Dates
Start Date
End Date
Instructor
Status
Location
34594
Fri
08-Sep-2020
- 07-Dec-2020
08-Sep-2020
07-Dec-2020
Solyom
Michael
Waitlist
Online
ECON 1103 001 - Recommended prerequisite courses for ECON 1103 are English 12 with a grade of C or better AND BC Principles of Math 11.

This course can count as a relevant course in an Associate of Arts specialization in Intercultural and International Studies.

This course will include synchronous on-line activities. Students should plan to be available on-line at scheduled course times.
Max
Enrolled
Remaining
Waitlist
35
35
0
3
Days
Building
Room
Time
Fri
9:30 - 12:20