About this course: This course will focus on facets of globalization that affect a country´s economic perspectives and decisions. Globalization has recently been the predominant subject in many political debates and this course will go into the determinants of globalization. It will be separated into four modules; the first module will explain exchange rates. It will go into what determines exchange rate and how different exchange rates affect the economy and the reality of currencies. The second module will explore trade, the reality of free trade, and what occurs to a country´s economy with protectionism. The third module will go into the balance of payments, it will help you understand how an economic transactions between a country and the rest of the world works. The fourth module will focus on Immigration, which is probably one of the most controversial subjects today. It will explain how migration affects host countries and current trends.
Created by: IE Business School
Taught by: Gayle Allard
| Level | Beginner |
| Commitment | 2-3 hrs/ week |
| Language | English |
| How To Pass | Pass all graded assignments to complete the course. |
Syllabus
WEEK 1
Exchange Rates
10 videos, 3 readings
- Video: Globalization and its discontents
- Video: What determines the value of a currency?
- Video: Some key indicators that drive currency values and an illustration
- Video: Special cases: commodity currencies; reserve and safe haven currencies
- Reading: 5 World Currencies That Are Closely Tied to Commodities
- Video: How do exchange rates affect the economy?
- Video: How can governments intervene to influence the value of the currency?
- Video: Contradictory government objectives
- Video: Different exchange-rate regimes and the world´s key currencies by turnover
- Reading: Exchange Rate Systems
- Video: Yen, Euro and Pound Sterling; Yuan and Rupee, the Dollar
- Reading: Deutsche Bank Trade Of The Week: Sell The US Dollar To Yen Exchange Rate
- Video: Conclusions
Graded: Exchange Rates
WEEK 2
Trade
11 videos, 4 readings
- Video: Introduction, assumptions and terminology
- Video: Production possibilities curve
- Video: The model: Absolute advantage
- Reading: Trade and Economic Growth
- Video: Partial equilibrium analysis
- Video: The benefits of free trade
- Reading: 10 benefits of trade for developing countries
- Video: The effect of tariffs
- Video: Does anyone lose from trade?
- Video: Can free trade still be seen as beneficial?
- Discussion Prompt: Trade in your country
- Video: The WTO and global free trade
- Reading: Why the U.S. needs the World Trade Organization
- Video: Trends since WWII: globalization followed by protectionism
- Video: What would more protection do to the world?
- Reading: Do open markets matter or is protectionism the answer?
Graded: Module II. Trade
WEEK 3
Balance of Payments
12 videos, 3 readings
- Video: Introduction
- Video: Basic components
- Reading: Balance of Payments
- Video: Practical Exercise
- Video: What does a current-account deficit or surplus mean? Part 1
- Video: What does a current-account deficit or surplus mean? Part 2
- Reading: Current Account Deficits: Is There a Problem?
- Video: Why do countries have current-account deficits or surpluses? Part 1
- Video: Why do countries have current account deficits or surpluses? Part 2
- Reading: How crucial is the current account deficit?
- Video: What do current account imbalances mean, and how can they be corrected?
- Video: The Current Account and National Growth Models
- Video: The Current Account and National Growth Models
- Video: The Global Growth Model
- Video: Conclusions
- Discussion Prompt: Examining a country´s BOP data?
Graded: Module III. Balance of Payments
WEEK 4
(Im)migration
12 videos, 3 readings
- Video: Introduction
- Video: Migration as part of globalization
- Reading: International Migration: The human face of globalisation
- Video: How does migration affect the economy? Part 1
- Video: How does migration affect the economy? Part 2
- Reading: Does Immigration Help or Hurt Local Economies?
- Reading: Is migration good for the economy?
- Video: Causes for opposition
- Video: Why is there so much opposition to immigration?
- Video: Current issues, objections and responses
- Video: Migration:objections and responses
- Video: How globalization affects trade and immigration
- Video: Conclusions: Is globalization to blame for stagnant lower- and middle-class incomes?
- Video: Globalization is worth fighting for!
- Video: Final comments
Graded: Module IV. (IM)MIGRATION
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IE Business School
IE Business School is an internationally recognized business school where the leaders of tomorrow shape their ideas and learn to become global citizens. For over 40 years, IE Business School has promoted innovation and change in organizations, equipping managers with an entrepreneurial mindset that generates employment, wealth, and social well-being.
Regularly featured among the top business schools in the world, IE Business School has an urban campus in Madrid and a faculty of more than 400 professors who teach students from approximately 90 countries in its undergraduate and master programs. IE uses innovative online, face-to-face, and blended learning formats, including the IE Communities Platform where knowledge and experiences are exchanged with over 50,000 IE graduates that currently hold management positions in more than 100 countries worldwide.
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|---|---|---|
| Access to course materials | Available | Available |
| Access to graded materials | Not available | Available |
| Receive a final grade | Not available | Available |
| Earn a shareable Course Certificate | Not available | Available |
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