The module introduces the fundamentals of international macroeconomics in particular as they impact on the business world. After a brief review of the basic economic aggregates and their measurement students are introduced to the main aggregative macroeconomic models in both the neoclassical and Keynesian traditions and then to the extension of these in a interdependent world economy. The fundamentals of monetary economics and banking are studied as a prelude to the discussion of the role of finance in the world economy, irrationality and asset price bubbles, financial cycles and financial crises. A review of the potential role for government policy in the world macroeconomic arena concludes the course.
This course will examine the different facets of geopolitics by focusing on the major determinants of geography, power, history and structure of the international system, and culture. We will also answer a fundamental question about how nation-states use their geographical position and power to promote their national interests, expand their sphere of influence and ultimately achieve hegemony.
One of our debates will concern the relevance of the nation-state in the context of globalization and the inevitable rise of stateless protagonists such as NGOs and terrorist groups.