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Course Criteria
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3.00 Credits
The course provides: - a conceptual framework for assessing the policy, structure and performance of the UK economy since 1945. - an introduction to the role and operations of the financial institutions and markets of the City of London. - an examination of the international dimension of the UK economy, with particular reference to Britain's membership of the Bretton Woods System, European Union and to the `special relationship' between Britain and the USA. A common thread in this discourse will be the selective use of relevant economic theory to illumine events and policies of the period.
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3.00 Credits
This course concentrates on applying economic theory to analyse the costs and benefits of economic integration within the European Union. Obviously, these will be discussed with particular reference to the UK economy. This process of integration is a unique experience, and as such, is both interesting and challenging. The topics covered in this course fall into two themes. - Why and how these countries got together to create an economic union? The impact on the members and on the rest of the world will be examined. - How would business environment be affected by economic integration in the EU? Among the topics examined are common policies on agriculture, regional and social problems. Competition policy and the Euro, the European single currency, will also be examined. There are no formal pre-requisites but knowledge of Introductory Economics, especially on exchange rate determination and basic theories of trade, is assumed. Students without this prior background may take the course, but, obviously they have to work hard to follow it. In preparation for the course, students are strongly recommended to review some of the basic tools of analysis in International Economics via a typical first-year textbook. Business majors should note that this course may count towards the Business College's Sequence in International Business. For further advice, please consult your adviser.
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3.00 Credits
The main purpose of this course is to analyze the characteristics of the Japanese economy in comparison with other economies, particularly the behavior of its households, companies, and government. Topics covered include some of the specific features of Japanese socio-economic systems that have promoted Japanese economic development, such as lifetime employment, seniority, industrial groups, and hierarchical or subcontracting production, while special attention is given to the global interdependence of economies. The role of the Japanese economy in the above context in relation to the problem of international economic friction is also discussed.
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3.00 Credits
This course treats Japan as a case of a highly successful, modern, growing economy with non-Western traditions. Following a brief review of Japan's pre-modern economic conditions and performance, the course concentrates mainly on Japan's economic development from the Meiji Restoration to the postwar period of high economic growth, with some attention given to current problems and prospects. Two important questions are addressed throughout the course. Firstly, why has Japan succeeded in its economic development despite its non-Western background? And, secondly, what are the ?roots? of the ?Japanese? socio-economic system, such as lifetime employment, seniority-based wages, and high savings ratio? An understanding of the nature and characteristics of the current Japanese economy requires the ability to provide an answer to these questions.
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3.00 Credits
Study the process of the formation of the European Union. Analysis of the economic repercussions on its members and especially in Spain. Daily newspaper and magazine coverage of the ongoing process will be followed and discussed.
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3.00 Credits
Taught as EAST 3001 at host institution. This course introduces students to both the domestic and international aspects of China's economy. It explores the political, social, and cultural forces that are shaping China's modernization and how the country's businesses are interacting with the world marketplace.
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3.00 Credits
The unit will examine the importance of the Asia-Pacific Region in the context of the global economy. The unit will apply selected concepts and theoretical frameworks of international business to the Asia-Pacific region. Asian firms will be examined with specific attention on the diversity of management cultures and systems in the region. The course will include guest lectures from practitioners in different industry sectors with an emphasis on exporting to, and establishing businesses in Asia.
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4.00 Credits
This course is concerned with the economics of the public sector. We examine the process of identifying social objectives in a highly abstract way with the institutional choices consequent upon the various possible social aims, with reference to the government-market dichotomy. Then, we examine government action in various fields at both the micro- and macroeconomic levels, and in closed and open economies, defining social preferences, social choices, normative and positive theory of economic policy, non-market failures, microeconomic intervention, and macroeconomic intervention in a closed and an open economy.
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3.00 Credits
The course focuses on the economics of development with specific reference to underdeveloped "Third World" nations. While drawing extensively on the tools of standard economic theory, it deals with development issues for which economic theories at best provide only partial answers. It offers a problem-oriented approach, with a historical and institutional perspective, to issues such as poverty, population, income distribution, international trade, investment and aid, and the debt problem. Prerequisites: Junior Standing, EC 201, EC 202.
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3.00 Credits
Income, population, and consumption trends in selected countries. Analysis of their capital formation, industrial structure, international trade position, and current economic planning. Taught as ECON 511 at Host University.
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