MODERN WORLD ECONOMY

ECO2MWE

Not currently offered

Credit points: 15

Subject outline

This subject will focus on major changes in the international economy in the period since 1900, in particular, the ideological clash between governments and free markets for control over the economy. Topics include: (i) Economic impact of two World Wars and post war reconstruction; (ii) Great Depression and Keynesian macroeconomics; (iii) Russian Revolution, Stalinist industrialisation and collapse of the USSR; (iv) Long post war boom and stagflation; (v) Rise and fall of Japan; emergence of China; Asian Financial Crisis; (vi) Global Finance Crisis. This subject has a strong focus on qualitative aspects of Economics and requires advanced reading, writing and analytical skills.

SchoolLa Trobe Business School

Credit points15

Subject Co-ordinatorJoanna Poyago-Theotoky

Available to Study Abroad StudentsYes

Subject year levelYear Level 2 - UG

Exchange StudentsYes

Subject particulars

Subject rules

PrerequisitesN/A

Co-requisitesN/A

Incompatible subjectsN/A

Equivalent subjectsN/A

Special conditionsN/A

Readings

Resource TypeTitleResource RequirementAuthor and YearPublisher
ReadingsThe Age of ExtremesRecommendedE.J. HobsbawmABACUS 1994

Graduate capabilities & intended learning outcomes

01. Acquire basic factual information about the development of the world economy and the impact of wars, business cycles and major political upheavals on economic change.

Activities:
TBE
Related graduate capabilities and elements:
Inquiry/ Research
Critical Thinking

02. Apply your deep knowledge of modern economic history to policy issues that you will confront in your future professional careers.

Activities:
TBE
Related graduate capabilities and elements:
Inquiry/ Research
Critical Thinking

03. Develop skills in critical analysis that will enable you to form your own opinions on these controversies.

Activities:
TBE
Related graduate capabilities and elements:
Critical Thinking
Inquiry/ Research

04. Learn about important contemporary and current controversies in economic history.

Activities:
TBE
Related graduate capabilities and elements:
Critical Thinking
Inquiry/ Research

Subject options

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