Registry
Module Specifications
Archived Version 2010 - 2011
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Description The purpose of this module is to examine issues in globalisation from an economics perspective. The course will introduce core international economics theory, as well as applying tools from micro and macroeconomics. Fundamental issues such as global growth, the impact of globalisation on income distributions, migration and environmental degradation will be examined. The course will emphasise ethical issues arising from globalisation and discuss policies to address these. While the focus is Economics, the course material will lend itself to interdisciplinary discussion, suited to the nature of the students' degree. Students are expected to attend lectures, participate in class discussion and complete an independent research project. | |||||||||||||||||||||||||||||||||||||||||
Learning Outcomes 1. Describe core theories of international trade and foreign direct investment and assess their strengths and weaknesses in light of empirical evidence. 2. Apply economic theory appropriately in addressing arguments surrounding issues of globalisation. 3. Assess equity/fairness issues surrounding globalisation and critically evaluate possible solutions. 4. Independently research case studies to substantiate arguments. | |||||||||||||||||||||||||||||||||||||||||
All module information is indicative and subject to change. For further information,students are advised to refer to the University's Marks and Standards and Programme Specific Regulations at: http://www.dcu.ie/registry/examinations/index.shtml |
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Indicative Content and
Learning Activities ContentTopics 1 and 2 below will be covered in each year. Other material will be expected to vary over time depending on current events. Topics currently covered are 3,4 and 5. For all topics both theory and empirical evidence will be discussed.1. International Trade TheoryDevelopment of core international trade theories, including the theory of Comparative Advantage, Hecksher Ohlin, the Stolper-Samuelson Theorem and 'New' International Theories. How does trade liberalisation affect economic growth? What makes for successful Regional Trade Agreements? What is the predicted impact of international trade on income distributions of trading partners? Why do the predictions of the free trade models fail to hold in reality?2. International ProductionEconomic theories of FDI. What is the impact of multinational enterprise on the host nation? What conditions favour positive returns to the host nation?3. International FinanceModels of Exchange rate determination: Monetary model, Mundell-Fleming model, Dornbush model, Redux model. What are the arguments for and against monetary union? Modelling uncertainty in financial markets: forward rates, impact of 'news' and risk premiums. International financial crises and contagion.4. EnvironmentApproaches of national and international bodies to counteract environmental degradation. Aspects considered may include: (i) is there a causal link between globalisation and environmental degradation (eg. global warming), environmental Kuznets curve; (ii) how can we model global environmental issues in order to shed light on cooperative international solutions and (iii) how are international agreements upheld in the presence of global commons problems and uncertainty over the costs and benefits of actions. Is there a need for a new international agency specifically devoted to environmental control?5. MigrationWhat are the implications of migration for the countries of outflow and inflow? To what extent is brain drain a problem? Under what circumstances could brain gain result from outward migration? Is it observed in practice? How do countries and regions regulate migration? Should they do so? | |||||||||||||||||||||||||||||||||||||||||
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Indicative Reading List
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Other Resources 1347, Website, 0, Links to sites of relevance will be available from Moodle, | |||||||||||||||||||||||||||||||||||||||||
Programme or List of Programmes |
EPL | BA in Economics, Politics and Law |
EPLYA | BA in Economics, Politics and Law |
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