This course introduces basic facts about the operation of the world economy, with particular focus on current issues confronting economies of various countries. The course explores the role of international organizations such as the World Bank and the International Monetary Fund, and will give special attention on major challenges facing policy makers, such as global income inequality, financial crises, environmental challenges, the transition to a market economy, and currency unions.
Prerequisite Courses
Prerequisites
LIBR 150 may be taken concurrently.
Course Outcomes
After successfully completing the course, the learner will be able to:
- Analyze economic amalgamation of the global economy with special attention to the position of the USA in the world.
- Explore the philosophical, theoretical and policy-oriented intricacies of present issues in the key areas of economic globalization.
- Develop a fundamental understanding of values and concepts of free market capitalism (laissez-faire), and also Social Justice.
- Critically examine the effects of the new global economy on the poorest peoples and societies of the world through an explicitly articulated social justice lens.
- Complete formal research demonstrating critical thinking skills, integration and synthesis. To construct and defend written and oral arguments and conclusions related to that research.