COURSE DESCRIPTION
This course seeks to provide students with an understanding of global economic relations
from a historical and practical perspective through topics which are of global and domestic
importance. These topics include the Evolution of Global Economic Relations, International
Monetary Arrangements, International Trade Policy, regional economic organisations, the
activities of multinational corporations, international migration and the emergence of
countries like China and the BRICS. Readings for each topic are listed, which should be read
before class to facilitate informed discussions on course materials. Additional material may
be provided throughout the course, where necessary.
CONTENT:
Theories of international trade, International Economic Relations, The Evolution International Monetary Arrangements, International Trade Arrangements and Policies, Multinational Corporations and Foreign Direct Investment, The New Economic Order and Globalization, Africa in the Global Economy, China and the global economy, The Emergence of the BRICS and International Migration
COURSE OBJECTIVES
This course is designed to a sound working knowledge and understanding of the global economy from 1945 to present.The main goal of the course is to build up the understanding of
the theory and policy of the contemporary global economy. The focus of the course is not only on traditional theories of international economics, i.e. on international trade, finance and growth, but on modern trends of the global economic development and on the latest empirical research in the most important spheres of the global economy.
The global economy currently faces damage due to economic, environmental, and political crises, crashes on financial markets, etc. Such problems of sustainable development as climate change, water scarcity or food insecurity become an integral part of global economy. As coping with them requires international cooperation these problems are at the center of world economy and international economic relations agenda.
OUTCOMES
Upon completion of this course, students should be able to:
1. Discuss the evolution of International Economic Relations from the 1945 to the system of
globalization which currently prevails and demonstrate an awareness of the development of the International economic bodies and
the specific roles played in advancing economic activities.
2- Recognize the role and understand the use of trade policy by governments, and identify
and understand the use of trade policy tools such as tariffs/non-tariff barriers
3- Understand the role of Multinational Corporations in the international economic system and
have an awareness of and be able to critically analyse emerging trade issues such the Economic Partnership Agreement between the European Union and Africa
4- Discuss the implication of Africa in the Global economy and also understand the emergence of China as an economic power.

METHOD OF INSTRUCTION
The teaching is based on examining theoretical concepts of globalization, trade and economic
development. After this the examined economic theories would be demonstrated on the practical examples. The course provides students with understanding the practical aspects of the global economy. The questions of global governance are mostly discussed. Students should prepare presentations about discussed topics and then prove their positions. The approach encourages the development of economic intuition as well as some formal skills. The following methods and forms of study are used in the course: Lectures, Seminars, Home assignments and Self-study. Students are encouraged to work together on home assignments, but they must write up the assignment individually. Overall, the course includes hours of lectures and hours of classes. Self-study is an extremely important element of the course. Also the active work on the seminars is crucial for taking practical skills in discussion and standing up your position.

ATTENDANCE/EVALUATION
Students should attend and effectively participate in lectures and tutorials. They are also
expected to research and do a presentation on a given theme. The course is assessed based on three aspects: Continuous Assessment and end of semester examination. Continuous Assessment shall comprise of: Attendance 5%, Tutorials 10% and test 20%
End of semester exam: 70%

In this course we will investigate some of the most difficult Economic and socio-political challenges affecting the society today at the global level. Our approach will be interdisciplinary, with an attention to both theoretical frameworks and empirical realities. This course is designed as a sampling of various topics that contribute to students’ understanding of how to address these challenges. Throughout the semester, students will be exposed to innovative and cutting edge topics in areas related to food, economic, environment, social, political and health systems. Students will be encouraged to present papers individually or in a group. This is to introduce students to critical research and presentation of facts in a logical and critical order. In such studies, students learn how to present opinions and defend their positions in an atmosphere of criticism; this art is not easy but absolutely necessary for a truly educated person. This will enable them to engage in discussion, ask questions about the topics, seek sources of information to answer these questions, and explore how to implement what we have learned in class/in our individual career paths/in our communities to develop solutions to humanities’ global challenges.

This course is an introduction of students to major themes and topics of African economic
development in a long-term historical perspective