MRK 3544 Global Economy
MRK 3544 Global Economy
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.
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, economic development, the global financial system and the environmental challenge. Furthermore, they will learn how national political economy connects with international politics.
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. Students will be able to understand how marketing is regulated as both supranational cross-border services, and as a part of corporate and national states' economic strategies. They will be able to analyse states' international trade preferences in light of domestic political economy constraints.
Students will be trained to understand the value-based reasons for the supranational regimes, particularly in the fields of international trade, international finance, sustainability and economic development, 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.
- Global political economy - theory and framework
- Globalisation
- International regimes for trade and cooperation (including UN, WTO, IMF, WB, EU, EEA)
- The international monetary and financial system
- Economic development
- The global environmental challenge
The course consists of 39 hours, organised a combination of lectures and feedback on students’ work.
During the semester the students will write and get feedback on two assignments which will form the basis for the term paper.
Students are expected to actively engage to enhance learning both in and between lectures.
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Higher Education Entrance Qualification
Covid-19
Due to the Covid-19 pandemic, there may be deviations in teaching and learning activities as well as exams, compared with what is described in this course description.
No particular prerequisites.
| Assessments |
|---|
Exam category: Submission Form of assessment: Written submission Invigilation Weight: 40 Grouping: Individual Support materials:
Duration: 3 Hour(s) Exam code: MRK 35442 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) Exam code: MRK 35443 Grading scale: ECTS Resit: Examination every semester |
All exams must be passed to get a grade in this course.
| Activity | Duration | Comment |
|---|---|---|
Teaching | 39 Hour(s) | 33 hours regular lectures, 6 hours feedback on written assignments |
Prepare for teaching | 83 Hour(s) | |
Submission(s) | 75 Hour(s) | |
Examination | 3 Hour(s) |
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.
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)