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.

  • AP/POLS 2201 3.00 and AP/POLS 2400 3.00;
  • AP/SOSC 3042 3.00

N.B. successful completion of AP/SOSC 1340 is a prerequisite of enrolling in AP/SOSC 3042.

Three credits chosen from:

  • AP/GEOG 3130 3.00, AP/POLS 3200 3.00, AP/POLS 3210 3.00, AP/POLS 3240 3.00, AP/POLS 3250 3.00, AP/POLS 3255 6.00, AP/ANTH 3220 6.00, AP/SOSC 3240 3.00, AP/SOSC 3241 3.00, AP/ECON 3150 3.00, AP/ECON 3199 3.00, AP/ECON 3550 3.00, AP/ECON 3560 3.00 (cross-listed to: AP/PPAS 3560 3.00), AP/ECON 3569 3.00 (cross-listed to AP/PPAS 3569 3.00);

N.B. if a student chooses ANTH 3220 6.00 or POLS 3255 6.00 from this list, 3 credits will count in the stream, the other three as elective credits.

For the Honours program:

AP/SOSC 4047 6.00.

NOTE: Due to the cancellation of SOSC 4047 6.00 in the academic year, 2020-21, students should choose a different 4000-level course offered in BUSO. Students are recommended to take SOSC 4044 6.0 section B, though they may take any of the following as a substitute for SOSC 4047, provided that the course chosen as a substitute is not required in another part of your BUSO major: SOSC 4040 6.00; SOSC 4043 6.00; SOSC 4044 6.00; SOSC 4045 6.00; SOSC 4048 3.00 (fall) and SOSC 4049 3.00 (winter).