MRK 3544 Global Economy

MRK 3544 Global Economy

Course code: 
MRK 3544
Department: 
Law and Governance
Credits: 
7.5
Course coordinator: 
Marit Sjøvaag
Course name in Norwegian: 
Global Economy
Product category: 
Bachelor
Portfolio: 
Bachelor of International Management- Programme Courses
Semester: 
2022 Autumn
Active status: 
Active
Level of study: 
Bachelor
Teaching language: 
English
Course type: 
One semester
Introduction

This course is an introduction to the key supranational and intergovernmental organizations that regulate international economic activity, with particular emphasis on the historical background, structure and function of the WTO and the EU. Special attention is given to the sustainability challenge and regimes of relevance to marketing and consumer issues, as well as how the international civil society is strengthened as a key player in forming public opinion.

Learning outcomes - Knowledge

Students will gain a basic understanding of the global economy, and understand how organizations, in particular the WTO and the EU, contribute to regulation of international economic activity. They will learn how different theoretical perspectives lead to different conclusions regarding current major issues such as free trade, sustainability, and the global financial system. Furthermore, they will learn how national political economy connects with international politics.

Learning outcomes - Skills

The students acquire a clear understanding of how cross-border economic activity takes place in a complex regulatory regime, where national government and supranational competencies interact. They will be able to analyse states' international trade preferences in light of domestic political economy constraints, and evaluate challenges and opportunities for business.

General Competence

Students will be trained to understand the value-based reasons for the supranational regimes, particularly in the fields of international trade, sustainability, and the international monetary and financial system, and to have a mature and reflective approach to the problems and weaknesses that characterize these regimes. They gain an understanding of how markets need regulation to function.

Course content
  • Global political economy - theory and framework
  • International trade and production
  • The EU and the EEA
  • The international monetary and financial system
  • Sustainability both as environmental and development issue
Teaching and learning activities

The teaching and learning activities consist of a combination of lectures, group presentations and discussions, and feedback on students’ written work.

During the semester the students will be given four essay questions, related to the four main topics in the course. These questions will be the focal point for group and plenary discussions with input from lecturer. One of these essays will be given as basis for the home exam.

Students will also have the opportunity for feedback on two written assignments that are central to the term paper.

Students are expected to actively engage to enhance learning both in and between lectures.

Software tools
No specified computer-based tools are required.
Additional information

There will be a re-sit examination in both MRK 35442 and MRK 35443 autumn 2022 and last time spring 2023.

Qualifications

Higher Education Entrance Qualification

Disclaimer

Deviations in teaching and exams may occur if external conditions or unforeseen events call for this.

Required prerequisite knowledge

No particular prerequisites.

Assessments
Assessments
Exam category: 
Submission
Form of assessment: 
Written submission
Weight: 
40
Grouping: 
Group (1 - 3)
Duration: 
8 Hour(s)
Comment: 
The exam paper is based on one of four essay papers that the students have been given during the semester. All exams must be passed to obtain a final grade in the course.
Exam code: 
MRK 35444
Grading scale: 
ECTS
Resit: 
Examination every semester
Exam category: 
Submission
Form of assessment: 
Written submission
Weight: 
60
Grouping: 
Group/Individual (1 - 3)
Duration: 
1 Semester(s)
Comment: 
The assignment consists of two papers, each no more than 2500 words (excluding cover page, table of content, and references).
Paper 1: a descriptive paper on the politics and economy of the student's exchange country
Paper 2: an analytical paper on a topical issue (to be given at the start of the course)
All exams must be passed to obtain a final grade in the course.
Exam code: 
MRK 35445
Grading scale: 
ECTS
Resit: 
Examination every semester
Type of Assessment: 
Ordinary examination
All exams must be passed to get a grade in this course.
Total weight: 
100
Student workload
ActivityDurationComment
Teaching
30 Hour(s)
Prepare for teaching
80 Hour(s)
Submission(s)
75 Hour(s)
Group work / Assignments
15
Sum workload: 
200

A course of 1 ECTS credit corresponds to a workload of 26-30 hours. Therefore a course of 7,5 ECTS credit corresponds to a workload of at least 200 hours.