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NBS8128 : Transitions in the Global Economy

  • Offered for Year: 2023/24
  • Module Leader(s): Dr Xin Li
  • Owning School: Newcastle University Business School
  • Teaching Location: Newcastle City Campus

Your programme is made up of credits, the total differs on programme to programme.

Semester 1 Credit Value: 10
ECTS Credits: 5.0
European Credit Transfer System


To enable students to identify, analyse and discuss the macro-economic and institutional and market forces influencing transitions in the global economy.

Of particular interest is the formation and development of international regimes governing multilateral trade; institutions of global economic governance and their role in regulating the global economy; the formation and outcomes of intergovernmental agreements; the political economy of trade and market liberalism; the role and importance of macro-economic conditions in influencing national and multilateral decision-making; emerging markets and the challenge to multilateralism. This module offers an in-depth understanding of the complex international environment in which governments, business and organisations operate.

Outline Of Syllabus

1. Introduction to transitions in the global economy
2. Foundations of the global trade system
3. Transitions in the political and economic contours of the global economy
4. Group Presentations 1 – ‘Assessing the impact of globalisation’
5. Group Presentations 2 – ‘Assessing the impact of globalisation’
6. Transitions in Multilateralism: IMF, World Bank, WTO
7. Transitions in Multilateralism: IMF, World Bank, WTO
8. Challenges and change in the system of multilateralism
9. International Trade negotiation and the future of the global economy

Teaching Methods

Teaching Activities
Category Activity Number Length Student Hours Comment
Scheduled Learning And Teaching ActivitiesLecture93:0027:00PiP (teaching and learning activities include formal lecturing, group presentation, etc.)
Guided Independent StudyAssessment preparation and completion123:0023:00N/A
Guided Independent StudyDirected research and reading125:0025:00N/A
Guided Independent StudyIndependent study125:0025:00N/A
Teaching Rationale And Relationship

Lectures provide theoretical and institutional framework to analyse economic and political integration in the global economy. Group presentations provide students with the opportunity to demonstrate presentations skills, teamwork, time-keeping and effective communication with an audience. Private study provides the opportunity for reflection and a foundation for student centred discussion and debate as part of, and in addition to, the formal lectures.

Assessment Methods

The format of resits will be determined by the Board of Examiners

Other Assessment
Description Semester When Set Percentage Comment
Essay1M1003000 words
Assessment Rationale And Relationship

The essay assesses depth of critical, analytical and synthetical research and scholarship skills. Group work to assess presentation skills, teamwork, time-keeping and effective communication through the critical analysis of a set topic. Both methods of assessment combine to measure individual and peer group learning outcomes.

Reading Lists