Global Economy BUS5003

  • Academic Session: 2024-25
  • School: Adam Smith Business School
  • Credits: 10
  • Level: Level 5 (SCQF level 11)
  • Typically Offered: Semester 2
  • Available to Visiting Students: No
  • Collaborative Online International Learning: No

Short Description

The course will offer an overview of modern Macroeconomics in a global setting. Key topics include the determinants of long-run economic growth and short-run business cycles in an open-economy context. Moreover, government policies relating to each topic as well as the effects of these policies on sub-aggregates of the economy, such as industries and firms, will be covered.

Timetable

This course will be delivered through a series of "seminars" over 6 weeks at the beginning of semester 2. The total number of "seminars" required is 10. Each session will be 3 hours. Students will have online access to prerecord videos to enhance a flipped classroom learning experience. The course will facilitate active learning and independent asynchronous learning of materials prepared for a blended learning approach. One additional session will be for formative assessment.

Requirements of Entry

Please refer to the current postgraduate prospectus at: http://www.gla.ac.uk/postgraduate/

Excluded Courses

None

Co-requisites

None

Assessment

There is one piece of summative assessment, as described below:

 

ILO

Assessment

Weighting

1, 2, 3, 4

Individual in-course timed written open-book exam.

100%

.

Course Aims

The course aims to introduce students to modern open economy macroeconomics, providing insights into trends in cross-country macroeconomic data, economic growth, inequality, inflation, business cycles, and the effects of fiscal as well as monetary policies in a global context. This knowledge will enable students to recognise and apply relevant theory and data to the analysis of both long-run growth and short-run business cycles.

Intended Learning Outcomes of Course

By the end of the course students will be able to:

1. Evaluate, using appropriate analytical frameworks, how economic fluctuations, living standards and economic growth have changed over time and across countries.

2. Critically assess the role of economic and financial policies in stabilizing the economy in the short-run and promoting economic growth in the long-run.

3. Compare contemporary economic challenges experienced by different country groups and the global economy as a whole.

4. Develop a strategic thinking for how economic challenges affect the economic and business dynamics in the short-, medium- and long-run.

Minimum Requirement for Award of Credits

Students must submit at least 75% by weight of the components (including examinations) of the course's summative assessment.