ECONS200-21A (HAM)

Understanding the Global Economy

15 Points

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Division of Management
School of Accounting, Finance and Economics


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Paper Description

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Understanding the Global Economy introduces various essential aspects of the global economy on which the individual economy interacts. It offers a principles-level introduction to the core theories, together with policy analysis and the institutional and historical context of global economic relations. The objective of the paper is to make economic reasoning about the global economy accessible to a diverse group of students. The central theme of the paper is to provide a solid platform to understand how global economic institutions, commercial trade and finance, and regional issues help shape the current global economic order under which the world economy functions.

The paper will help students develop an understanding of the global issues that are critical for rational and sustainable decision making in today's business world.

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Paper Structure

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The paper is taught through lectures (2 hours per week), and tutorials (1 hour per week). Lectures are recorded and available via Panopto for you to refer to later. However, attendance at lectures is strongly recommended.
The paper is supported online through Moodle, and the class has its own Facebook group (Econs200 - University of Waikato), which you are encouraged to join and make use of.
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Learning Outcomes

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Students who successfully complete the paper should be able to:

  • Understand the world economy and global economic institutions since World War II
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  • Understand the new dimensions of global economic policies including trade and balance of payments, exchange rates and exchange rates system to recommend policies towards solving global economic problems;
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  • Understand the aggregate demand and aggregate supply, fiscal and monetary policies and the theories of current account imbalances and use descriptive or graphical models to apply these theories to issues involving global policy coordination at the macro l
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  • Understand how global economic imbalances and volatile capital flows can trigger financial crisis causing global recession and neo-protectionism, and learn how to apply this knowledge to create an innovative global financial architecture;
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  • Understand regional issues in the global economy including the influences of European Union, the United States, China, Japan, South- and East-Asia and Latin America.
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  • Learn how to critically think about global issues using a holistic approach through the use of the case study method.
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For the business and economics media assignment, and the case study project, you will be provided with required materials at least two to three weeks in advance.

Note that this paper will revert to a 100:0 fully internally assessed paper in due course. There is no final examination in this paper. There will be a Final Test.

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Assessment Components

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The internal assessment/exam ratio (as stated in the University Calendar) is 100:0. There is no final exam. The final exam makes up 0% of the overall mark.

The internal assessment/exam ratio (as stated in the University Calendar) is 100:0 or 0:0, whichever is more favourable for the student. The final exam makes up either 0% or 0% of the overall mark.

Component DescriptionDue Date TimePercentage of overall markSubmission MethodCompulsory
1. MyLab Online Tests
2. Tutorial Attendance
3. Global Economy Media Assignment
16 Apr 2021
5:00 PM
  • Online: Submit through Moodle
4. Global Response to COVID19 Crisis - Group Project
4 Jun 2021
11:30 PM
  • Online: Submit through Moodle
5. Final test. Date TBC
  • Other: Submit via Moodle
Assessment Total:     100    
Failing to complete a compulsory assessment component of a paper will result in an IC grade
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Required and Recommended Readings

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Required Readings

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Gerber, James (2018). International Economics, 7th Edition (Global Edition). Pearson Education Limited.


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Recommended Readings

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The following sources give comprehensive global economy coverage:

  • The Economist (

The Economist is a weekly publication that reports on politics, economics, business and technology, from a free market perspective.

  • Financial Times (

The Financial Times website offers daily highlights from the FT newspaper, including today's top global business stories and the most important stories in economics and finance from around the world.

  • Newspapers Worldwide (

This website provides links to many global news-gathering organisations.

  • STRATFOR - World's leading geopolitical platform (

Stratfor.Com was founded in 1995 as an international news analysis and forecasting service.

  • New Internationalist (

A magazine that "exists to report on issues of world poverty and inequality".

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Other Resources

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"Moodle" is a one-stop website for access to materials and grades for papers you are enrolled in, WMS databases and more. It can be accessed from the university or home network Enter your username and password, and a page of useful, personalized links will appear. There are a lot of resources available for students including a dedicated Facebook paper that hosts different media releases.

If you need extra support with understanding the material covered in this course, then visit the main website suggested in the textbook.

Other textbooks:

Many other introductory macroeconomics economics texts are also worthwhile to use as extra support. They can mostly be found at the HB172.5 classification in the library.

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Online Support

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Online resources can be accessed via Moodle or through links on the paper outline. MyEconLab also has excellent online learning resources.
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You might expect to spend approximately 150 hours in total during the semester working for and on this course.
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Linkages to Other Papers

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Note any linkages to other papers where the linkage is of importance.
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Restricted papers: ECON200

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