Globalization and European Economies C
|Semester & Location:||
Spring 2019 - DIS Copenhagen
|Type & Credits:||
Core Course - 3 credits
|Core Course Study Tours:||
Western Denmark & London
Economics, Finance, International Relations
Susanne Gaul Hovmand - firstname.lastname@example.org
Adeline Reiser - email@example.com
|Ali Cohen - firstname.lastname@example.org|
|Time & Place:||
Mondays & Thursdays, 8:30-9:50 - F24-306
Globalization is reshaping the world. What can economics say about the new (and old) consequences of globalization? In this course, we study the forces behind globalization using economic theories of international trade, capital markets, institutions and labor economics. 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 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 Denmark and abroad 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 expert panel discussions.
Each student will during the course work on a research question which will materialize in a research paper with emphasis on proper use of methodology and delimitation. During the course students will also work in groups on a country to analyze and risk-assess in light of globalization and will prepare a presentation.
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 optimal currency areas, European integration and the Euro
- 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
Course Requirements and Grading
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.
Key reference books:
- Globalisation and the International Economy, by Michael Hedegaard 1st edition, 2018
- International Economics: Theory and Policy, by Paul Krugman and Maurice Obstfeld
- The Economics of European Integration, by Richard Baldwin and Charles Wyplosz 5th edition, 2015
- HSBC Trade_wind_report-1.pdf
- Bordo_Globalization in Historical Perspective.pdf
- 06 Richard Baldwin Globalisation - the great unbundling(s).pdf
- 06 BCG_US_Manufacturing_Nears_the_Tipping_Point_Mar_2012_tcm80-100657(1)(1).pdf0-1.pdf
- Research Paper Global Economics spring 2018.docx
- Andersen and Svarrer Labour market perfomance in Denmark(1).pdf
- The European Union: A Failed Experiment.pdf
- Is Project Europe Doomed?.pdf
- Aizenmann and Pinto-1.pdf
- imbalances BIS Crisis links.pdf0-1.pdf
- http://www.eiu.com/landing/Global_Imbalances (Links to an external site.)
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.
The grading allocation will be as follows:
Research paper: 35%
10 quizzes during course: 20%
Country analysis: 25%
Your participation grade will be determined by 3 factors: attendance, preparedness for class, and active engagement in lectures and other class activities. You are required to attend each and every class. If you miss a class, you must contact an instructor as soon as possible and provide an explanation. The assigned readings for each lecture should be read prior to the lecture. We randomly call on students to answer questions about the assigned readings and have unannounced short quizzes at the beginning of class. Here is a suggestion: as you read the assigned readings, write down 2 or 3 things that strike you about the reading, such as some key findings, interesting arguments, questions you have etc. Then review your notes once you arrive in class. You are expected to actively engage in class by asking questions, making comments, sharing ideas, etc. Learning is a two way road and the more you participate in class, the more the instructors will learn about how well you understand the material being presented, how to tailor and focus the course material, etc. An important component of your learning experience at DIS is the study tour visits we will undertake which are integrated into this course. In order to maximize the learning experience from the visits, there will be a study tour assignment connected with these visits. Further instructions on the study tour assignment will be posted early in the semester.
There will be four different kinds of deliverables/evaluations besides general participation: -
- a research paper and presentation
- a country analysis including a group presentation
- 10 quizzes distributed during the course
The research paper is where the students embark early on in the semester by identifying a well-defined research question and methodology for working on the research along the semester. The objective is for the student to apply a sound academic research approach and show ability to analyze and synthesize knowledge, empirics from study tours and theories.
The country analysis is undertaken in groups where students work together on a risk assessment of a country. Here students apply and synthesize their knowledge into a real-life and concrete risk assessment.
The 10 quizzes are submitted electronically during the course.
Before and after study tours students are divided into groups that present visits and debrief on visits after return to Copenhagen.
Computer policy: Laptop computers are not really needed in most classes and we suggest taking notes by hand.
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
Academic Excellence Award: Each semester we recognize one outstanding student from the Global Economics Program. It is reserved for a student who has distinguished him- or herself through diligence, commitment, academic performance, and ideally a student who contributes to a good, collaborative learning environment in class.
The syllabus page shows a table-oriented view of the course schedule, and the basics of course grading. You can add any other comments, notes, or thoughts you have about the course structure, course policies or anything else.
To add some comments, click the "Edit" link at the top.