LEARNING OUTCOMES
Upon successful completion of this course, the student is able to:
- identify the transformations of capitalism, technological development, markets, and
(de-)globalization; - understand the role of key economic and political players and their interaction in the functioning and development of global markets and economies;
- apply key concepts of global political economy drawing from economics, political science, international relations, sociology and critical theory;
- address and act on global grand challenges and megatrends and understand their impact on societies, business and responsible management practices across countries.
Credits: 6
Schedule: 04.09.2024 - 10.10.2024
Teacher in charge (valid for whole curriculum period):
Teacher in charge (applies in this implementation): Tiina Ritvala, Sami Itani
Contact information for the course (applies in this implementation):
CEFR level (valid for whole curriculum period):
Language of instruction and studies (applies in this implementation):
Teaching language: English. Languages of study attainment: English
CONTENT, ASSESSMENT AND WORKLOAD
Content
valid for whole curriculum period:
The course consists of three modules: 1) The Evolution of Capitalism: Historical, Ideological and Technological Perspectives; 2) Key Actors and Power in the Global Political Economy; and 3) Global Grand Challenges and Megatrends.
The first module begins with an introduction to the historical and ideological evolution of capitalism and discusses the role of technological progress. It then delves into geopolitics, (de-)globalization and economic nationalism. It emphasizes the changing geopolitical state in the trade between the EU, the US, Russia and China without a strong normative stance on what is essentially "right" or "wrong".
The second module focuses on the key players in global markets and society. It engages the students to reflect upon the increasing power of multinational corporations in the organization and orchestration of global value chains, international regulations at the nexus of business and government relations and the role of non-governmental organizations. This module also discusses the global financial system.
The third module is dedicated to global grand challenges and megatrends such as climate change, demographic changes and diversity, as well as digitalization. It challenges the students to suggest future-oriented solutions to promote the global sustainability agenda and the UN sustainable development goals.
Assessment Methods and Criteria
valid for whole curriculum period:
Assignments
Workload
valid for whole curriculum period:
Contact teaching
Independent work
DETAILS
Study Material
valid for whole curriculum period:
Cohen, T.H. & Hira, A. 2021. Global Political Economy: Theory and practice. 8th edition. Routledge.
Readings and other material as indicated in the syllabus
Substitutes for Courses
valid for whole curriculum period:
Prerequisites
valid for whole curriculum period:
SDG: Sustainable Development Goals
5 Gender Equality
8 Decent Work and Economic Growth
9 Industry, Innovation and Infrastructure
10 Reduced Inequality
11 Sustainable Cities and Communities
13 Climate Action
16 Peace and Justice Strong Institutions
17 Partnerships for the Goals
FURTHER INFORMATION
Further Information
valid for whole curriculum period:
Teaching Language: English
Teaching Period: 2024-2025 Autumn I
2025-2026 Autumn IRegistration:
This course is exclusive to the students of the Master's Programmes in 1. Global Management/CEMS MIM and 2. People Management and Organizational Development.