understand and critically assess Adam Smith`s acco

This course aims

to introduce students to the history of economic thought;

to familiarize students with the main arguments for and against global free markets;

to analyse and critically engage with these arguments in the light of our practical experience of globalisation; and

to think critically about the nature and causes of wealth.

On successful completion of this course, students will be able to:

1. understand and critically assess Adam Smith`s account of the Wealth of Nations and the legacy of this defence of free trade in c19 and c20 arguments about globalisation;

2. compare and contrast the main theories of global free markets and globalisation and the major criticisms of globalisation;

3. analyse and critically assess the contemporary theoretical and philosophical debate surrounding globalisation;

4. apply the critical skills of political economy in a contemporary setting;

5. apply the theoretical discussions of political economy to practical issues in political and economic life.