Contemporary Issues in the Global Political Economy (M1529A)

30 credits, Level 6

Autumn teaching

The central theme running through this module is how the architecture of existing capitalism has to be adjusted or brought into balance with the needs of expanding markets. We begin by looking at attempts by global governance institutions like the WTO (World Trade Organisation) to create a largely deregulated world market. We then examine how financial systems are expanding and how the stock market has become a key institution of modern capitalism. We discuss then the changing nature of multinational corporations and the state as they reorient themselves towards a global market. We examine empirically the post-Cold War expansion of capitalism into Eastern Europe, Central Asia and the Middle East. Finally, we analyse the most recent developments in world affairs from a political economy perspective, looking at the increasing military bias of foreign policy of major capitalist states, as well as at the changing nature of anti-capitalist protest in the wake of 9/11.

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 30 hours of contact time and about 270 hours of independent study. The University may make minor variations to the contact hours for operational reasons, including timetabling requirements.

This module is running in the academic year 2020/21. We also plan to offer it in future academic years. It may become unavailable due to staff availability, student demand or updates to our curriculum. We’ll make sure to let our applicants know of such changes to modules at the earliest opportunity.


This module is offered on the following courses: