ECON 8003AEF
ECON 8003AEF |
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ECONOMIC DEVELOPMENT IN GLOBAL ECONOMY |
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Course Coordinator:
Dr Terence Shum, BSc (Essex); MSc (LSE); MSocSc, PhD (CityUHK)
Aims
This course aims to examine the causes and consequences of globalisation from an economic perspective, and how the world is integrated through trade and financial transactions. It discusses the patterns of international trade, why nations trade, what they trade, and the consequences of trade. Then we go on to analyse the determinants and implementations of different trade and investment policies, the motives for countries to restrict international trade, and the welfare implications of those trade policies. This course also examines a couple of other topics as they relate to the developing world: primary education and public accountability. Real-world issues and policies pertaining to globalisation will be discussed throughout the course, including the effects of trade on economic growth and income inequality, multinationals, foreign direct investment, WTO, IMF and different exchange rate regimes.
Contents
Assessment
There will be one assignment, one mid-term test and one individual term paper accounting for 50% of the total course score. The final examination will account for the remaining 50%.
Online requirement
Students are required to submit assignments via the Online Learning Environment (OLE).
Set book(s)
Todaro, M., & Smith, S. (2020). Economic development (13th ed.). Pearson.
Krugman, P. R., Obstfeld, M., & Melitz, M. J. (2023). International economics: Theory and policy (12th ed.). Pearson.
Feenstra, R. C., & Taylor, A. M. (2018). International trade (4th ed.). Worth Publishers.
Aghion, P., & Howitt, P. (2009). The economics of growth. MIT Press.
Barro, R. J., & Sala-I-Martin, X. I. (2003). Economic growth (2nd ed.). MIT Press.
