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Unit information: Global Economy in 2021/22

Unit name Global Economy
Unit code EFIMM0105
Credit points 15
Level of study M/7
Teaching block(s) Teaching Block 2 (weeks 13 - 24)
Unit director Mr. Jahir Islam
Open unit status Not open

TB1 Economics



School/department School of Economics
Faculty Faculty of Social Sciences and Law

Description including Unit Aims

This unit will introduce materials on globalisation, trade and growth in the open economy. It will provide an opportunity for students to analyse some of the big but unresolved debates concerning international exchange of goods and services across borders. In particular, the unit will look at whether developing economies are held back by their domestic policies, their place within the global economy and their limited ability to engage in trade or symmetrical relationships with richer countries. The unit will introduce selected economic theory and models to address issues specific to developing countries as well as consider the empirical evidence. The challenges of appropriate policy will be considered throughout the unit.

The precise content will tend to vary from year to year, but topics covered are likely to include role of trade policy, FDI, globalisation and economic growth, East Asian model, balance of payment, financial liberalisation.

The objectives of the unit are to:

  1. introduce key issues in globalisation that pose challenges and opportunities for growth and development across countries;
  2. provide students with analytical tools in order to assess alternative policy measures.

Intended Learning Outcomes

1 To enable students to use economic theory to analyse selected current global issues and practical problems.

2 To acquire skills to engage in analysis of economic theory and practice.

3 To draw on research findings in order to synthesise and evaluate the empirical material on selected debatable issues.

4 To provide students with an understanding of current academic and policy debates in an inter-connected economic world.

Teaching Information

Teaching will be delivered through a combination of synchronous and asynchronous sessions such as online teaching for large and small group, face-to-face small group classes (where possible) and interactive learning activities

Assessment Information

Coursework (25%)

Exam (75%)

Assesses all learning outcomes.


If this unit has a Resource List, you will normally find a link to it in the Blackboard area for the unit. Sometimes there will be a separate link for each weekly topic.

If you are unable to access a list through Blackboard, you can also find it via the Resource Lists homepage. Search for the list by the unit name or code (e.g. EFIMM0105).

How much time the unit requires
Each credit equates to 10 hours of total student input. For example a 20 credit unit will take you 200 hours of study to complete. Your total learning time is made up of contact time, directed learning tasks, independent learning and assessment activity.

See the Faculty workload statement relating to this unit for more information.

The Board of Examiners will consider all cases where students have failed or not completed the assessments required for credit. The Board considers each student's outcomes across all the units which contribute to each year's programme of study. If you have self-certificated your absence from an assessment, you will normally be required to complete it the next time it runs (this is usually in the next assessment period).
The Board of Examiners will take into account any extenuating circumstances and operates within the Regulations and Code of Practice for Taught Programmes.