The Global Economy

This stream introduces students to a variety of theoretical perspectives on political economy and the study of the institutions, structures, and political, economic and social relations that underlie both national and global political economies. Students will be introduced to the classical foundations of political economy (Smith, Ricardo, Mill and Marx) as well as contemporary theoretical frameworks or "schools" of political economy (liberal, institutionalist and radical).

This theoretical foundation will enable students to critically investigate the functioning of the international economy. Students will examine the origins, functions and development of the major international economic bodies, especially the so-called Bretton Woods institutions (the International Monetary Fund, World Bank and the General Agreement on Tariffs & Trade/ World Trade Organization), and how they integrate national economies into the international economy. Students will also study major regional economic institutions and agreements (e.g., the European Economic Community/European Union, the North American Free Trade Agreement, the Asia Pacific Economic Cooperation forum).

In this stream, students will pay particular attention to recent trends in the international economy over the last few decades which have involved an increasing "globalization" of production, trade and finance. Students will analyze the nature of these changes, in particular the "neo-liberal" form that they have taken, and the economic, political, social and environmental impacts that they have had.

Students will also investigate resistance to the "neo-liberal" model of globalization and efforts to develop alternative forms of production and regulation. In this context, students will be encouraged to evaluate different economic policies, practices, institutions and models with regard to a range of criteria including efficiency, fairness and sustainability.

This stream will be particularly useful to students who wish to pursue careers in public policy and/or graduate studies in the areas of political science, international political economy, labour studies or international development studies.

BA Requirements

6.0 credits chosen from:

AP/POLS 2940 6.0 Intro to International Politics; OR
AP/POLS 2950 6.0 States & Societies in a Global Context
AP/SOSC 3042 3.0
[Pre-Req. AP/SOSC 1340]

6.0 credits chosen from:

AP/GEOG 3130 3.0 The Global Economy
AP/POLS 3200 3.0 Global Conflict & Security I
AP/POLS 3210 3.0 Global Conflict & Security II
AP/POLS 3240 3.0 Multilateralism I : The UN, Regional Organizations & International Law
AP/POLS 3250 3.0 Multilateralism II: The Political Economy of Int'l Organizations
AP/POLS 3255 6.0 Human Rights & Global Economy
AP/ANTH 3220 6.0 Greed, Globalization and the Gift: The Culture of Capitalism
AP/SOSC 3240 3.0 Labour and Globalization I
AP/SOSC 3241 3.0 Labour and Globalization II
AP/ECON 3150 3.0 International Trade
AP/Econ 3199 3.0 Approaches to Global Economics [Writing]
AP/ECON 3550 3.0 Economic Growth & Development
AP/ECON 3560 3.0 Economic Policy in Developing Countries.
[X-listed AP/PPAS 3560 3.0, AP/ECON 3569 3.0]

Honours program

In addition to the BA requirements, students pursuing BA Hons. will also require:

AP/SOSC 4047 6.0 The Business of Neoliberal Globalization