Course Syllabus
 |
| Semester & Location: |
Fall 2025 - DIS Copenhagen |
| Type & Credits: |
Core Course - 3 credits |
| Core Course Study Tours: |
South Sweden & Italy |
| Major Disciplines: |
Economics, Finance, International Relations |
| Prerequisite: |
One course in intermediate or advanced micro- or macroeconomics at university level. |
| Faculty Members: |
Sarah Zaccagni (saza@dis.dk) Alice Pizzo (alpi@dis.dk) We can be contacted using the Canvas Inbox. |
| Time & Place: |
Fridays: 08:30-11:25 Location: F24-302 |
Course Description
Globalization has been reshaping the world for many years now. What can economics say about the new (and old) consequences of globalization? In this course, we study the forces behind globalization. A special focus will be on Europe and the EU, the Euro, global competitiveness, the financial crisis, and the present economic outlook. We will examine the consequences of economic integration and barriers of markets in goods, factors of production, and financial flows and the impacts of increased interdependence in these markets for economic policy decisions in Europe and the world.
We will ask and discuss questions such as whether globalization promotes economic growth, how income distribution is affected, winners and losers of globalization, if free capital flows undermine macroeconomic stability and how government institutions should or could adjust their powers and responsibilities.
We will go on study tours in Sweden and Italy and gain real-life perspectives from experts to the theories. The study tours will provide ample room for reflection outside of class rooms on the topics and theories studied in class. The course also includes guest lectures and relevant study visits.
Learning Objectives
At the end of this course you should be able to:
- Reflect and think critically about globalization, the factors driving this process and consequences of globalization
- Analyze and compare how companies, countries and sectors compete and position themselves in a globalized world
- Apply international trade theory to analyze and interpret global economics
- Analyze and reflect on international investments, international capital flows and financial crisis
- Apply relevant micro and macro-economic theory and models to synthesize the main and diverse elements making up global economics and current economic policies
- Analyze and reflect on how modern monetary policies impact financial flows, currencies and global economies
- Evaluate different views on the process of globalization, European and global economics, the Euro and be able to argue and defend a position on a number of key issues debated in current news
- Apply knowledge gained and work in a structured way with a research question
Faculty
Sarah Zaccagni
2023 - present Assistant professor at Aarhus University
2020 – 2023 Post-doctoral Fellow at University of Copenhagen
2016 - 2020 Ph.D. at Collegio Carlo Alberto and University of Turin
Website: https://www.sarahzaccagni.com/
Alice Pizzo
2026 - onward Assistant professor at Copenhagen Business School
2022 – 2025 Post-doctoral Fellow at Copenhagen Business School
2018 – 2021 Ph.D at University of Copenhagen
Website: https://www.alicepizzo.com/
Course Requirements
This is an upper level economics class and requires that you have taken one semester each of micro- and macroeconomics at university level. Additionally, you must have taken one course in either intermediate or advanced macroeconomics.
Grading
| Individual Assignments (pass/fail): Quiz on Trade Theories and CCW Reflection |
10% |
| Group Presentations about our study tour visits or destinations |
20% |
| Group Country Analysis assignment - presentation (15%) and writeup (10%) |
25% |
|
Group Research Assignment - presentation (10%) and writeup (15%) |
25% |
|
Participation, Attendance, and Contribution to Group Work |
20% |
Readings:
Key reference books:
- Globalisation and the International Economy, by Michael Hedegaard 1st edition, 2018 or 2nd edition, 2025.
Further readings:
- Politics and trade: lessons from past globalisations
- Richard Baldwin - Globalisation - the great unbundling(s).pdf
- Flexicurity: labour market performance in Denmark
- The European Union: A Failed Experiment
- Is Project Europe Doomed?
Given the topic’s rapid development and to keep discussions as relevant as possible, articles, papers, blogs, videos etc. will be uploaded as supplementary information sources throughout the course.
Academic Regulations
Please make sure to read the Academic Regulations on the DIS website. There you will find regulations on:
DIS - Study Abroad in Scandinavia - www.DISabroad.org
Course Summary:
| Date | Details | Due |
|---|---|---|