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Globalisation and the World Economy (ECON20007)
Undergraduate level 2Points: 12.5Online and On Campus (Parkville)
For information about the University’s phased return to campus and in-person activity in Winter and Semester 2, please refer to the on-campus subjects page.
About this subject
- Overview
- Eligibility and requirements
- Assessment
- Dates and times
- Further information
- Timetable(opens in new window)
Contact information
Semester 1
Sem 1: mpotteng@unimelb.edu.au
Sem 2: mark.razhev@unimelb.edu.au
Semester 2
Sem 1: mpotteng@unimelb.edu.au
Sem 2: mark.razhev@unimelb.edu.au
Please refer to the LMS for up-to-date subject information, including assessment and participation requirements, for subjects being offered in 2020.
Overview
Availability | Semester 1 - Online Semester 2 - On Campus |
---|---|
Fees | Look up fees |
This subject uses economic theory to analyse globalisation in the world economy. First, it introduces fundamental theories of trade in international economics, and shows how economists see the process of globalisation. It then uses those theories to analyse major events and trends in the politics and history of the world economy’s evolution, including the industrial revolution, the Bretton Woods era, the rise and fall of Stalinist economies, and crises including the Asian currency crisis and the Global Financial Crisis. Finally, it focuses on political economy and contemporary issues in globalisation, including poverty and inequality, the environment, security, and the role of institutions. Note that in Semester 1, this subject is offered only online as part of the U21 Certificate in Global Issues – a multidisciplinary program offered jointly by the Universities of British Columbia, Hong Kong, Melbourne, and Nottingham. It gives global context to undergraduate degrees through online learning and student exchange. While this version of the subject can be taken as part of the standard University of Melbourne degree sequence, students intending to do so should contact the subject coordinator.
Intended learning outcomes
- Apply analytical tools of international economics such as mainstream models and theories of international trade and their usefulness in analysing globalisation;
- Apply these tools and principles in interpreting and analysing major economic and political factors underlying the evolution of globalisation throughout the 19th and 20th centuries;
- Critically analyse arguments and evidence about the causes and effects of globalisation, including issues such as poverty and inequality, the role of states and institutions in helping or hindering globalisation, the effect of globalisation upon economic and state security, and the effect of globalisation upon the environment.
Generic skills
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High level of development: written communication; interpretation and analysis; critical thinking; evaluation of data and other information; accessing data and other information from a range of sources; receptiveness to alternative ideas.
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Moderate level of development: collaborative learning; team work; statistical reasoning; synthesis of data and other information.
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Some level of development: problem solving; application of theory to practice.
Last updated: 27 April 2024
Eligibility and requirements
Prerequisites
Code | Name | Teaching period | Credit Points |
---|---|---|---|
ECON10004 | Introductory Microeconomics |
Semester 1 (On Campus - Parkville)
Semester 2 (On Campus - Parkville)
|
12.5 |
Corequisites
None
Non-allowed subjects
None
Recommended background knowledge
Please refer to Prerequisites and Corequisites. Students enrolled in this subject as part of the Global Issues Program must be capable of reading and writing in English to a university standard. If you have any doubts or queries about the level of English required, please contact the subject co-ordinators.
Inherent requirements (core participation requirements)
The University of Melbourne is committed to providing students with reasonable adjustments to assessment and participation under the Disability Standards for Education (2005), and the Assessment and Results Policy (MPF1326). Students are expected to meet the core participation requirements for their course. These can be viewed under Entry and Participation Requirements for the course outlines in the Handbook.
Further details on how to seek academic adjustments can be found on the Student Equity and Disability Support website: http://services.unimelb.edu.au/student-equity/home
Last updated: 27 April 2024
Assessment
Due to the impact of COVID-19, assessment may differ from that published in the Handbook. Students are reminded to check the subject assessment requirements published in the subject outline on the LMS
Semester 1
Description | Timing | Percentage |
---|---|---|
Online test 1 | Week 2 | 5% |
Online test 2 | Week 3 | 5% |
Written work not exceeding 2000 words
| Week 4 | 30% |
Research proposal, not exceeding 1000 words
| Week 7 | 20% |
Research essay
| Week 12 | 40% |
Semester 2
Description | Timing | Percentage |
---|---|---|
In-class mid-semester test
| Week 5 | 15% |
Short essay
| Week 8 | 20% |
Tutorial attendance and participation | Throughout the teaching period | 10% |
Exam
| During the examination period | 55% |
Last updated: 27 April 2024
Dates & times
- Semester 1 - Online
Principal coordinator Mike Pottenger Mode of delivery Online Contact hours Semester 1: Two 1-hour audio lectures and a set of online tasks per week. Semester 1 is offered online only. Semester 2: One 2-hour lecture and one 1-hour tutorial per week Total time commitment 170 hours Teaching period 2 March 2020 to 7 June 2020 Last self-enrol date 13 March 2020 Census date 30 April 2020 Last date to withdraw without fail 5 June 2020 Assessment period ends 3 July 2020 Semester 1 contact information
Sem 1: mpotteng@unimelb.edu.au
Sem 2: mark.razhev@unimelb.edu.au
- Semester 2 - On Campus
Principal coordinator Mark Razhev Mode of delivery On Campus (Parkville) Contact hours Semester 1: Two 1-hour audio lectures and a set of online tasks per week. Semester 1 is offered online only. Semester 2: One 2-hour lecture and one 1-hour tutorial per week Total time commitment 170 hours Teaching period 3 August 2020 to 1 November 2020 Last self-enrol date 14 August 2020 Census date 21 September 2020 Last date to withdraw without fail 16 October 2020 Assessment period ends 27 November 2020 Semester 2 contact information
Sem 1: mpotteng@unimelb.edu.au
Sem 2: mark.razhev@unimelb.edu.au
Time commitment details
170 Hours
Last updated: 27 April 2024
Further information
- Texts
Prescribed texts
In Semester 1, the prescribed text is Salvatore, Dominick. 2005. Introduction to International Economics. USA: John Wiley & Sons. In Semester 2, a subject reader will be provided.
- Subject notes
Students enrolled in this subject as part of the Global Issues Program must be capable of reading and writing in English to a university standard. If you have any doubts or queries about the level of English required, please contact the subject co-ordinators.
- Related Handbook entries
This subject contributes to the following:
Type Name Breadth Track Global Economic Issues - Breadth options
This subject is available as breadth in the following courses:
- Bachelor of Arts
- Bachelor of Biomedicine
- Bachelor of Design
- Bachelor of Environments
- Bachelor of Fine Arts (Acting)
- Bachelor of Fine Arts (Animation)
- Bachelor of Fine Arts (Dance)
- Bachelor of Fine Arts (Film and Television)
- Bachelor of Fine Arts (Music Theatre)
- Bachelor of Fine Arts (Screenwriting)
- Bachelor of Fine Arts (Theatre)
- Bachelor of Fine Arts (Visual Art)
- Bachelor of Music
- Bachelor of Science
- Available through the Community Access Program
About the Community Access Program (CAP)
This subject is available through the Community Access Program (also called Single Subject Studies) which allows you to enrol in single subjects offered by the University of Melbourne, without the commitment required to complete a whole degree.
Entry requirements including prerequisites may apply. Please refer to the CAP applications page for further information.
- Available to Study Abroad and/or Study Exchange Students
This subject is available to students studying at the University from eligible overseas institutions on exchange and study abroad. Students are required to satisfy any listed requirements, such as pre- and co-requisites, for enrolment in the subject.
Last updated: 27 April 2024