Principles of Economics (SOE07103) or equivalent SCQF level 7 Economics

An exploration of current global issues such as the dominance of the capitalist economy model, international propagation of crises, economic growth, economic development, conflicts in the international political system, trade dilemmas in the developing world, globalisation and multinational corporations, currency wars, scarcity of natural resources and environmental threats. Competing theoretical perspectives and key concepts are used to analyse these issues and alternative policy responses are explored. Particular attention is given to explaining the rapid transformation that has occurred throughout the global. Various economic theories that explain the current trends in the world economy and economic development strategies will be explored.

Upon completion of this module you will be able to
LO1: Explain the nature of the key global issues and their implications for future patterns of international growth and development.
LO2: Discuss the competing viewpoints on the appropriateness of crisis-solving policies.
LO3: Identify the various policy responses that have been consequently developed to deal with global issues.
LO4: Use empirical evidence to assess the importance and direction of changes that have taken place throughout the world economy.
LO5: Successfully communicate individual and team findings and personal development orally, via appropriate IT techniques and in writing and contribute effectively to debates on policy issues.