|Semester & Location:||
Spring 2023 - DIS Copenhagen
|Type & Credits:||
Core Course - 3 credits
|Core Course Study Tours:||
Western Denmark / Bratislava & Vienna
Economics, Finance, International Relations
One course in intermediate or advanced micro- or macroeconomics at university level.
Miłosz Jeromin Cordes, PhD & Lavanyan Thedchanamoorthy. Current students use canvas inbox.
|Time & Place:||
Mondays & Thursdays, 8:30-9:50 - Classroom Fi44-Kosmo 405
Globalization. A term The Economist has labelled “the most abused word of the 21st century.” By now, there is no doubt that the word means different things to different people with some having negative associations with what comes around with globalization processes – hence manufacturing reshoring has become a motto particularly among American lawmakers. Yet other believe it’s a natural part of human evolution and should be fully embraced arguing that the pros significantly outweigh the cons.
For the purpose of this course, the definition of globalization is narrowed down to Merriam-Webster’s dictionary’s version; the development of an increasingly integrated global economy marked especially by free trade, free flow of capital, and the tapping of cheaper foreign labour markets.
The course aims to provide students with an understanding of globalization from a trade perspective. Using trade theories, it seeks out to answer what may seem simple questions at first; why do nations trade with one another and how do a nation’s resource endowments shape trade patterns?
An important part of the course will be the European Union: its institutions, its economic output and global role as world's biggest and most advanced integration project. This means the focus will be put on such elements as the eurozone (why was it created? why did some EU Member States decide not to adopt the euro? how does the euro position itself as a global currency?); tensions within the EU pertaining to the common market and the scope of further integration; EU's role in its direct neighbourhood. The course will also touch upon the most recent developments, such as the war in Ukraine, which have had multidimensional impact on the globalised economy.
The way the course is conducted seeks to engage students and enable them to gain knowledge in an active and exciting way. Hence, apart from typical lectures, such tools as field trips, meetings with guest speakers, group tasks, mock negotiations and study tours will be applied. An important part of the course is also to enable dialogue between the students and the lecturers so that they can critically reflect upon the discussed matters.
On completion of the course students should be able to:
- to explain and discuss the forces that drive international trade
- have an understanding of the institutions of the European Union, the euro and to discuss the issue of member states' resistance to further integration
- apply economic theory to evaluate a country's risk
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
- The Economics of European Integration, by Richard Baldwin and Charles Wyplosz 5th edition, 2015
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.
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
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.
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