Lecture and discussion.
- Facts relating to the global economy in the 21st century
- Review of economic concepts relating to markets
- Overview of world trade
- Protectionism vs free trade
- Commercial Policy since the second world war
- Foreign direct investment and locational competition between governments
- Economic growth, income distribution, poverty and population growth
- Energy and the world oil market
- Global financial markets
- World monetary system and financial imbalances
- Global warming and Kyoto
- The global information economy
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.
|Paper||0% - 20%|
|Assignments||0% - 30%|
|Term Tests||0% - 20%|
|Midterm Exam||20% - 40%|
|Final Exam||20% - 40%|
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.
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.
Courses listed here are equivalent to this course and cannot be taken for further credit:
- No equivalency courses