Overview
The development of the world economy and ways in which different economies impinge on each other. Provides a broad perspective on the structure of the world economy and an introduction to some important current issues.
Since the beginnings of modern capitalism in the 18th century, the history of economic thought has developed in the context of a rapidly changing world economy. The role of profit and power in this history can shed light on some of today’s most pressing issues.
This paper explores the origins of the neoclassical economic theory covered in BSNS 113, how it came to dominate competing schools of thought, and relates this outcome to issues affecting the world economy today. More specifically, we examine historical economic debates and the context that animated them, as well as their implications for major current issues affecting the world today. Topics covered are arranged into two main sections: history of economic thought and issues in international monetary and trade relations.
About this paper
| Paper title | The World Economy |
|---|---|
| Subject | Economics |
| EFTS | 0.15 |
| Points | 18 points |
| Teaching period | Semester 2 (On campus) |
| Domestic Tuition Fees ( NZD ) | $993.75 |
| International Tuition Fees | Tuition Fees for international students are elsewhere on this website. |
- Prerequisite
- One of BSNS 104, BSNS 113 or PTWY 111
- Schedule C
- Arts and Music, Commerce, Science
- Contact
- economics@otago.ac.nz
- More information link
- View more information about ECON 206
- Teaching staff
Co-ordinator and lecturer: Trent Smith
Lecturer: Aleisha Lord
- Textbooks
Heilbroner, Robert L. (1999) The Worldly Philosophers: The Lives, Times and Ideas of the Great Economic Thinkers, 7th ed., Touchstone.
Husted, S. and Melvin, M. (2013) International Economics (International Edition), 9th ed., Pearson.
- Graduate Attributes Emphasised
- Global perspective, Interdisciplinary perspective, Lifelong learning, Scholarship, Communication, Critical thinking, Cultural understanding, Ethics, Environmental literacy, Information literacy.
View more information about Otago's graduate attributes. - Learning Outcomes
Students who successfully complete this paper should have:
- A critical perspective on current and historical schools of thought in economics
- A general understanding of the international monetary system and international trade relations
- Knowledge and appreciation of applying general micro- and macro- economic principles and theory in evaluating behaviour and interactions in our world of growing economic integration
- Learned to analyse current issues and policy debates in this area and be able to assess and critique international monetary and trade policies