Political Economy of Global Finance (906M7)

30 credits, Level 7 (Masters)

Spring teaching

The main aim of this module is to help you build a systematic understanding of the political and social foundations of global financial markets, their operations and impacts on the world economy. You focuse on the problem of speculation, examining the various ways in which it has evolved and contributed to the development of finance. The module addresses questions such as: why do financial bubbles emerge? What type of practices sustains them? What are the different forms of speculative finance? This focus on speculation will serve to highlight the specificity of American finance and its role in redefining the political economy of advanced capitalist countries. After a theoretical and historical review, the module discusses various aspects of the process of financialisation and its social consequences. This provides an opportunity for familiarising you with various financial markets such as stock markets, derivative markets, housing markets, consumer credit, etc.

Teaching and assessment

We’re currently reviewing teaching and assessment of our modules in light of the COVID-19 situation. We’ll publish the latest information as soon as possible.

Contact hours and workload

This module is approximately 300 hours of work. This breaks down into about 33 hours of contact time and about 267 hours of independent study. The University may make minor variations to the contact hours for operational reasons, including timetabling requirements.

We’re planning to run this module in the academic year 2021/22. However, there may be changes to this module in response to COVID-19, or due to staff availability, student demand or updates to our curriculum. It may not be possible to take some module combinations due to timetabling constraints. We’ll make sure to let our applicants know of material changes to modules at the earliest opportunity.