ECONS200-22A (HAM)

Understanding the Global Economy

15 Points

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Division of Management
School of Accounting, Finance and Economics

Staff

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Convenor(s)

Lecturer(s)

Administrator(s)

: denise.martin@waikato.ac.nz

Placement/WIL Coordinator(s)

Tutor(s)

Student Representative(s)

Lab Technician(s)

Librarian(s)

: yilan.chen@waikato.ac.nz

You can contact staff by:

  • Calling +64 7 838 4466 select option 1, then enter the extension.
  • Extensions starting with 4, 5, 9 or 3 can also be direct dialled:
    • For extensions starting with 4: dial +64 7 838 extension.
    • For extensions starting with 5: dial +64 7 858 extension.
    • For extensions starting with 9: dial +64 7 837 extension.
    • For extensions starting with 3: dial +64 7 2620 + the last 3 digits of the extension e.g. 3123 = +64 7 262 0123.
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Paper Description

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ECONS200 Understanding the Global Economy is a Flexi paper. It 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. It's not a Flexi paper but we will try to arrange most of the components available for those who may have to do it remotely. The paper is supported online through Moodle, and the class has its own Facebook group (Econs200 - University of Waikato) that provides regular updates on the global economy. You are encouraged to join and make use of it.
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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 basic concepts in macroeconomics
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  • Understand the current affairs of global economic policies including balance of payments, and the theories of exchange rates and exchange rates system
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  • Understand the aggregate demand and aggregate supply, fiscal and monetary policies and the theories of current account 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 nature and consequences of financial crisis, global recessions and neo-protectionism and policies to avoid crises.
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  • Understand regional geopolitical issues and economic growth factors of the EU, the United States, Japan, Asia-Pacific and Latin America.
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  • Learn how to critically think about global issues using case studies
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Assessment

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For all assignments including group projects, required materials will be announced at least three weeks in advance.

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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. Online Tests
10
2. Tutorial
7
3. Assignment I: Global Economy Media Assignment
15 Apr 2022
5:00 PM
15
  • Online: Submit through Moodle
4. Assignment II: Inflation and Maori Unemployment
30 May 2022
6:00 PM
15
  • Online: Submit through Moodle
5. Global Response to COVID19 Crisis - Group Project
10 Jun 2022
11:30 PM
20
  • Online: Submit through Moodle
  • Presentation: In Class
6. Final Test
33
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.

Mankiw, N, Bandyopadhyay, D and Wooding, P (2009) Principles of Macroeconomics in New Zealand, 2ed, Cengage

(Any version of Mankiw's undergraduate Macroeconomics textbook will do)

FULL READING LISTS:

https://rl.talis.com/3/waikato/lists/7A2BB854-6831-5444-393A-548EC290D59B.html?lang=en-US&login=1

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Recommended Readings

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The following sources give comprehensive global economy coverage:

  • Future of Money – Te Moni Anamata (https://www.rbnz.govt.nz/notes-and-coins/future-of-money)

The Reserve Bank of New Zealand website

  • The Economist (https://www.economist.com/)

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

  • Financial Times (https://www.ft.com/)

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 (https://www.refdesk.com/paper.html)

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

  • STRATFOR - World's leading geopolitical platform (https://www.stratfor.com/)

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

  • New Internationalist (https://newint.org/)

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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Workload

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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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Prerequisite(s)

Corequisite(s)

Equivalent(s)

Restriction(s)

Restricted papers: ECON200

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