Global Political Economy (5 ECTS)

Objective

The student understands the perspectives of different socioeconomic groups, and their significance and the processes of globalization and regional reconfiguration as well as the reasons for conflict and cooperation in the global political economy. The student recognises the significance of geography in economic decision-making and relationships. The student will be able to apply sophisticated theoretical and conceptual analysis to current problems and construct and evaluate scenarios. The student will be able to conduct comparative analysis of national economic systems and relate localised phenomena to international and global developments.

Content

- Global finance and hegemony currencies
- United Nations and World Health Organization
- Energy
- World Economic Forum
- New World Order

Location and time

Monday, 11:00 - 14:00, C310, Myyrnäki campus.

Materials

The lecturer will provide reading materials for each topic.

Those wishing a suitable textbook are recommended either or both:

Roy Smith, Imad El-Anis, Christopher Farrands, "International Political Economy in the 21st Century: Contemporary Issues and Analyses", 2nd ed. London: Routledge, 2018.

David N. Balaam & Bradford Dillman, "Introduction to International Political Economy", 7th ed., London: Routledge, 2019.

Teaching methods

Lectures will take place each week, unless otherwise advised (e.g., for in-class tests).

Employer connections

Strategic analysis of global, regional and local phenomena and contexts
Supply chain management
Scenario planning
Risk analysis

All these enable the development of skills required for senior managerial positions.

Exam schedules

Final exam takes place in normal scheduled class time, 9 May 2022

Resit exams will be arranged at earliest in June 2022

International connections

The greater use of international information sources, the more successful will be the experience of the course.

Student workload

As this course is worth 5 ECTS, students should expect to work at least 130 hours, including the 45 hours allocated to class time. Reading is a major part of the learning experience, and students should be prepared to spend significant time researching topics of particular interest to them, within the context of the course.

Content scheduling

Apart from the scheduled final exam, there are also unscheduled class tests that are designed to encourage maximum attendance and more effective learning. Failure to attend these will not be compensated unless for certified medical reasons.

Further information

As stated above, regular attendance is strongly recommended. Classroom discussion and debate add significantly to the learning experience, and the lectures provide a strong structure for learning.

The assessment for the course is as follows:

Ambush tests (2 x 10%)
Individual essay (30%)
Final exam (50%)

Assuming that there is no further disruption due to the coronavirus pandemic, all lectures and tests will take place in the classroom on campus.

Evaluation scale

0-5

Assessment criteria, satisfactory (1)

The student has achieved the course objectives fairly. The student will be able to identify, define and use the course subject area’s concepts and models. The student understands the criteria and principles of the expertise development.

Assessment criteria, good (3)

The student has achieved the course objectives well, even though the knowledge and skills need improvement on some areas. The student is able to define the course concepts and models and are able to justify the analysis. The student is able to apply his/her knowledge in leisure, study and work situations. The student understands the importance of expertise in the field of business and is able to analyze his/her own expertise.

Assessment criteria, excellent (5)

The student has achieved the objectives of the course with excellent marks. The student masters commendably the course subject area’s concepts and models. The student is able to make justified and fluent analysis and to present concrete development measures. The student is well prepared to apply his/her knowledge in leisure, study and work situations. The student is able to analyze the business sector expertise and the development of his/her own expertise.

Assessment criteria, approved/failed

The student has achieved the course objectives fairly. The student will be able to identify, define and use the course subject area’s concepts and models. The student understands the criteria and principles of the expertise development.

Assessment methods and criteria

The grading scale employed in the course is the standard Metropolia grading scale:

Grade Percentage/points Explanation

5 90 – 100 Outstanding performance: not only fulfils all standard requirements but demonstrates originality and imagination

4 80 – 89 Excellent performance, fulfilling all tasks in an appropriate manner

3 70 – 79 Strong performance, showing strong understanding of basic concepts and good grasp of techniques, but with certain minor problems still requiring further attention

2 60 – 69 Good performance, demonstrating basic grasp of concepts and techniques but less adept at more advanced application of these

1 50 – 59 Adequate performance, showing just enough understanding of the subject to merit a pass grade but requiring greater effort to achieve a more satisfactory result

0 0 – 49 30 – 49: insufficient to pass but capable of achieving a more satisfactory result if greater effort is made
0 – 29: a result indicating a significant lack of effort on the part of the student, and a clear signal that major improvements are necessary in the organisation of study time

Qualifications

Economics or equivalent competences

Accomplishment methods

Course report, OnePage Method