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ECON2111 GLOBALIZATION
TABLE OF CONTENTS
1 STAFF CONTACT DETAILS 1.1 Communications with staff 2 COURSE DETAILS 2.1 2.2 2.3 2.4 2.5 Teaching Times and Locations Units of Credit Summary of Course Aims and Relationship to Other Courses Student Learning Outcomes 1 1 1 1 1 2 2 2 3 3 3 4 4 4 4 4 5 5 5 5 6 6 6 7 8 8 8 9 11 11
3 LEARNING AND TEACHING ACTIVITIES 3.1 Approach to Learning and Teaching in the Course 3.2 Learning Activities and Teaching Strategies 4 ASSESSMENT 4.1 4.2 4.3 4.4 4.5 Formal Requirements Assessment Details Tutorial discussion questions Final Exam Format Quality Assurance
5 ACADEMIC HONESTY AND PLAGIARISM 6 COURSE EVALUATION AND DEVELOPMENT 7 STUDENT RESPONSIBILITIES AND CONDUCT 7.1 7.2 7.3 7.4 7.5 7.6 Workload Attendance Special Consideration and Supplementary Examinations General Conduct and Behaviour Occupational Health and Safety Keeping Informed
1.1
You should feel free to contact your lecturer(s) about any academic matter. However, I strongly encourage, for efficiency, all enquiries about the subject material be made at lectures or tutorials or during consultation time. Discussion of course subject material will not be entered into via lengthy emails. Email correspondence on administrative matters (e.g. advising inability to attend tute) will be responded to within 48 hours, but not over weekends. Please send your e-mails only from your UNSW student e-mail account. Also, please put ECON2111 in the subject of all e-mails. Finally, note that the lecturer has no advance notice of the date and time of the exam [the subject of many emails].
2 2.1
COURSE DETAILS
Teaching Times and Locations
Lectures weeks 1-12: Thursday 11:00 - 13:00 electrical Engineering G25 Tutorials Start in Week 2-13. You are to go to your allocated tutorial.
2.2
Units of Credit
The course is worth 6 units of credit. There is no parallel teaching in this course.
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2.3
Summary of Course
This is a course about global economic problems and potential solutions. Many issues do not have simple answers. This course attempts to discuss how economic concepts can be applied to help us understand complex issues in the Global Economy. These include underdevelopment, poverty, inequality, global financial crisis, the effects of protection on employment and wages, environment and issues relating to multinationals, immigration, and international competition. It will also consider the role of the WTO and environmental issues. The aim of the course is to give students an increased awareness of these current issues and a framework for thinking about global economic problems.
2.4
ECON 2111 Globalization emphasises theoretical models as well as applications. Because of the complexity of the real world, models are integral components of economic analysis. However, models need to be tested using data or real world examples. The course covers twelve topics dealing mainly with unrestricted movements of goods, labour and capital across national boundaries. In addition, costs and benefits of globalization and causes and consequences of financial crises in unregulated economies will be considered. Comprehension of lectures and readings is tested by tutorial questions, a midterm emphasising numeric and factual grasp, and an essay and final examination emphasising skill in integrating factual knowledge and critical reasoning. This course assumes that you have completed Introductory Microeconomics or Introductory Macroeconomics. Prerequisites and degree regulations are outlined in the UNSW Handbook.
2.5
By the end of this course, you should be able to: 1. Demonstrate awareness of the major economic issues in the global economy and the differing views of governments, industry, environmentalists, business and unions. 2. Describe and analyse the interactions between reductions in trade and investment barriers and technology change. 3. Describe and explain the major causes and consequences of global financial crisis. 4. Describe and analyse how external shocks can affect wages and employment possibilities in the domestic economy. 5. Show awareness of issues relating to the world trading system, and the role of the WTO. 6. Demonstrate an understanding of how and why governments act to protect their domestic markets and appreciate the potential costs and benefits of these actions 7. Show an appreciation of the difficulties involved in finding solutions for global environmental problems and human rights issues. 8. Demonstrate an awareness of future challenges for the global economy including the emergence of China.
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2.6 Graduate Attributes Course Learning Outcomes 1-8 1-8 3 1-8 3 3 2. Communication 3. Teamwork and leadership 4. Social, ethical and global perspectives 5. In-depth engagement with relevant disciplinary knowledge 6. Professional skills ASB Graduate Attributes 1. Critical thinking and problem solving
3 3.1
The philosophy in this course and its Teaching and Learning Strategies are based on Guidelines on Learning that Inform Teaching at UNSW. These guidelines may be viewed at: www.guidelinesonlearning.unsw.edu.au. Specifically, the lectures, tutorials and assessment have been designed to appropriately challenge students and support the achievement of the desired learning outcomes. A climate of inquiry and dialogue is encouraged between students and teachers and among students (in and out of class). The lecturers and tutors aim to provide meaningful and timely feedback to students to improve learning outcome.
3.2
The examinable content of the course is defined by the references given in the Lecture Schedule, the content of Lectures, and the content of the Tutorial Program. Lectures The purpose of Lectures is to provide a logical structure for the topics that make up the course; to emphasize the important concepts and methods of each topic, and to provide relevant examples to which the concepts and methods are applied. Tutorials Tutorials begin in Week 2 and are an integral part of the subject. Tutorial presentations, discussion questions, and problems will build on the material presented during the lectures. Out-of-Class Study
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Lectures can only provide a structure to assist your study, and tutorial time is limited. An ideal strategy (on which the provision of the course materials is based) might include: 1. Reading of the relevant chapter(s) of the text and any readings before the lecture. This will give you a general idea of the topic area. 2. Attendance at lectures. Here the context of the topic in the course and the important elements of the topic are identified. The relevance of the topic should be explained. 3. Attending tutorials and attempting the tutorial questions.
4 4.1
ASSESSMENT
Formal Requirements
In order to pass this course, you must: achieve a composite mark of at least 50 out of 100; and make a satisfactory attempt at ALL assessment tasks (see below).
4.2
Assessment Details
Assessmen t Task
Weightin g
Length
Due Date
10% 40% 50% 100% 1-8 1-8 1, 2, 6 1,2,5,6 1.5 hours 2 hours TBA Universit y Exam Period
4.3
4.4
As outlined in 3.2 above all material covered in the lectures and tutorial program is examinable.
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4.5
Quality Assurance
Quality Assurance The ASB is actively monitoring student learning and quality of the student experience in all its programs. A random selection of completed assessment tasks may be used for quality assurance, such as to determine the extent to which program learning goals are being achieved. The information is required for accreditation purposes, and aggregated findings will be used to inform changes aimed at improving the quality of ASB programs. All material used for such processes will be treated as confidential and will not be related to course grades.
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maintaining a safe, respectful environment; and to understand their obligations in relation to workload, assessment and keeping informed. Information and policies on these topics can be found in the A-Z Student Guide: https://my.unsw.edu.au/student/atoz/A.html. See, especially, information on Attendance and Absence, Academic Misconduct, Assessment Information, Examinations, Special Consideration, Student Responsibilities, Workload and policies such as Occupational Health and Safety.
7.1
Workload
It is expected that you will spend at least ten hours per week studying this course. This time should be made up of reading, research, working on exercises and problems, and attending classes. In periods where you need to complete assignments or prepare for examinations, the workload may be greater. Over-commitment has been a cause of failure for many students. You should take the required workload into account when planning how to balance study with employment and other activities.
7.2
Attendance
Your regular and punctual attendance at lectures and seminars is expected in this course. University regulations indicate that if students attend less than eighty per cent of scheduled classes they may be refused final assessment.
7.3
You must submit all assignments and attend all examinations scheduled for your course. You should seek assistance early if you suffer illness or misadventure which affects your course progress. For advice on UNSW policies and procedures for granting special consideration and supplementary exams, see: UNSW Policy and Process for Special Consideration: https://my.unsw.edu.au/student/atoz/SpecialConsideration.html Students should note the following Applications for special consideration (including supplementary examinations) must go through UNSW Central administration (within 3 working days of the assessment to which it refers) applications will not be accepted by teaching staff; Applying for special consideration does not automatically mean that you will be granted additional assessment or that you will be awarded an amended result;
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If you are making an application for special consideration (through UNSW Central Administration) please notify your Lecturer in Charge; Please note that a register of applications for Special Consideration is maintained. History of previous applications for Special Consideration is taken into account when considering each case.
ASB Policy and Process for Special Consideration and Supplementary Exams In the case of undergraduate students in the ASB, requests for special consideration are determined by a Faculty wide panel. If the Faculty panel grants a special consideration request, this may entitle the student to sit a supplementary examination. In such cases the following procedures will apply: Supplementary exams will be scheduled centrally and will be held approximately two weeks after the formal examination period. The dates for ASB supplementary exams for session 2, 2011 are: Wednesday 30 November 2011 exams for the School of Accounting Thursday 1 December 2011 exams for all Schools other than Accounting and Economics Friday 2 December 2011 exams for the School of Economics If a student lodges a special consideration for the final exam, they are stating they will be available on the above dates. Supplementary exams will not be held at any other time. Where a student is granted a supplementary examination as a result of a request for special consideration, the students original exam (if completed) will not be marked and only the mark achieved in the supplementary examination will count towards the final grade.
The ASB Policy and Process for Special Consideration and Supplementary Exams in Undergraduate Courses is available at: http://wwwdocs.fce.unsw.edu.au/fce/current/StudentSuppExamProcedure.pd f. Further information for undergraduate students is on the ASB website (see Policies and Guidelines for Current Students).
7.4
You are expected to conduct yourself with consideration and respect for the needs of your fellow students and teaching staff. Conduct which unduly disrupts or interferes with a class, such as ringing or talking on mobile phones, is not acceptable and students may be asked to leave the class. More information on student conduct is available at: www.my.unsw.edu.au
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7.5
UNSW Policy requires each person to work safely and responsibly, in order to avoid personal injury and to protect the safety of others. For more information, see https://my.unsw.edu.au/student/atoz/OccupationalHealth.html.
7.6
Keeping Informed
You should take note of all announcements made in lectures, tutorials or on the course web site. From time to time, the University will send important announcements to your university e-mail address without providing you with a paper copy. You will be deemed to have received this information. It is also your responsibility to keep the University informed of all changes to your contact details.
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40% in each assessment item specified in the Course Outline and meeting the obligation to have attended 80% of tutorials. 3. Does the student have a history of previous applications for special consideration? A history of previous applications may preclude a student from being granted special consideration. Special Consideration and the Final Exam: Applications for special consideration in relation to the final exam are considered by an ASB Faculty panel to which lecturers-in-charge provide their recommendations for each request. If the Faculty panel grants a special consideration request, this will entitle the student to sit a supplementary examination. No other form of consideration will be granted. The following procedures will apply: 1. Supplementary exams will be scheduled centrally and will be held approximately two weeks after the formal examination period. The dates for ASB supplementary exams for session 1, 2011 are: 12 July 2011 exams for the School of Accounting 13 July 2011 exams for all Schools other than Accounting and Economics 14 July 2011 exams for the School of Economics If a student lodges a special consideration for the final exam, they are stating they will be available on the above dates. Supplementary exams will not be held at any other time. 2. Where a student is granted a supplementary examination as a result of a request for special consideration, the students original exam (if completed) will be ignored and only the mark achieved in the supplementary examination will count towards the final grade. Failure to attend the supplementary exam will not entitle the student to have the original exam paper marked and may result in a zero mark for the final exam. If you are too ill to perform reasonably on the final exam, do not attend the final and apply for a supplementary instead. However granting of a supplementary exam in such cases is not automatic. If a student attends the regular final, s/he is unlikely to be granted a supplementary exam. The ASBs Special Consideration and Supplementary Examination Policy and Procedures for Final Exams for Undergraduate Courses is available at: http://www.asb.unsw.edu.au/currentstudents/resources/forms/Documents/su pplementaryexamprocedures.pdf.
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ASB Education Development Unit (EDU) (www.business.unsw.edu.au/edu) Academic writing, study skills and maths support specifically for ASB students. Services include workshops, online and printed resources, and individual consultations. EDU Office: Room GO7, Ground Floor, ASB Building (opposite Student Centre); Ph: 9385 5584; Email: edu@unsw.edu.au Capturing the Student Voice: An ASB website enabling students to comment on any aspect of their learning experience in the ASB: http://www.asb.unsw.edu.au/currentstudents/resources/studentfeedback/Pages/default.as px Blackboard eLearning Support: For online help using Blackboard, follow the links from www.elearning.unsw.edu.au to UNSW Blackboard Support / Support for Students. For technical support, email: itservicecentre@unsw.edu.au; ph: 9385 1333 UNSW Learning Centre (www.lc.unsw.edu.au ) Academic skills support services, including workshops and resources, for all UNSW students. See website for details. Library training and search support services: http://info.library.unsw.edu.au/web/services/services.html IT Service Centre: Technical support for problems logging in to websites, downloading documents etc. https://www.it.unsw.edu.au/students/index.html UNSW Library Annexe (Ground floor) UNSW Counselling and Psychological Services (http://www.counselling.unsw.edu.au) Free, confidential service for problems of a personal or academic nature; and workshops on study issues such as Coping With Stress and Procrastination. Office: Level 2, Quadrangle East Wing; Ph: 9385 5418 Student Equity & Disabilities Unit (http://www.studentequity.unsw.edu.au) Advice regarding equity and diversity issues, and support for students who have a disability or disadvantage that interferes with their learning. Office: Ground Floor, John Goodsell Building; Ph: 9385 4734
9. COURSE RESOURCE
There is no prescribed textbook for this course. We will take full advantage of the Globalisation by using free Web-based textbooks, articles and research-based policy papers. A full list of readings will be given on the first day of class.
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LECTURE SCHEDULE
WEEK 1-6. GLOBALISATION AND ECONOMIC DEVELOPMENT The lectures by Dr Bose will cover all or a subset of the following issues: Industrial revolution and the beginnings of the modern world Colonialism and its shadow Underdevelopment: General outline Poverty Inequality The state of the (third) world's women and children Labour and migration Institutions
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WEEK 7-12 GLOBALISATION AND MACRO ISSUES The lectures by Dr Julien will cover all or a subset of the following issues: Why internationa trade is a good thing? Trade policy and strategy World Trade Organisation and trade issues Externalities, trade and the environement
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Wednesday 30 November 2011 exams for the School of Accounting Thursday 1 December 2011 exams for all Schools other than Accounting and Economics Friday 2 December 2011 exams for the School of Economics
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