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Course Name
Understanding Globalization: Preparing for the 21st Century

Contact Hours: 10

Course Description

Globalization is the process of integrating national economies, political structures, and cultures into a single, world-wide, interdependent system.

In this course we will explore the basics of Globalization: what it is and how to understand it as an economic, political and a cultural phenomenon.

This self-paced course examines both sides of the Globalization debate in a unique, interactive learning environment.

The course includes:

  • 40 learning modules
  • 110 short question/answer exercises
  • Links to online resources and databases
  • Online quizzes and final exam
  • Discussion Board


Modules cover a single topic. Each module uses 2-3 question/answer exercises designed to facilitate learning. Exercises involve data gathering, chart making, research, readings, and links to other sites. Modules take 5 - 20 minutes to complete. The discussion board allows you to share your ideas with other students.



Outcome

Upon completion of the course the student will be conversant with the basics of the debate on Globalization. The course is designed to bring the student "up to speed" on the fundamentals of this important topic.

The student will learn the following:

  • Why critics argue that global economic expansion creates poverty in many countries
  • Why the U.N., WTO, and IMF are controversial
  • How to define, understand, and use basic concepts in global economics such as:
    Comparative Advantage
    Trade Deficit
    Exchange Rate
    GDP, GNP and Income per Capita
  • How to understand the fundamental economic issues related to Globalization, including:
    Outsourcing
    Tariffs and Protectionism
    Policies of the IMF
    Free Trade Associations: NAFTA
  • How to understand basic arguments on political and cultural issues, such as:
    Human Rights
    Cosmopolitanism
    Nationalism

In addition to factual knowledge in the areas listed above, the student will learn researching, communication, and thinking skills.


Assessment

Assessment includes:

  • Facilitator reviews of student questions and comments on Discussion Board
  • Continuous student self-assessment using question/answer exercises
  • Online multiple-choice quizzes
  • Final exam (objective, multiple-choice questions)



Outline

1. Introduction: What is Globalization?
   Impressions
   Definitions
   Causes
   Global Profiles of Dow 30
   Unequal Economic Expansion
   Culture Wars
   Global Moral Values
   World Government
   Current Governing Organizations
   Introduction: Quiz

2. Economic Aspects
   2.1 Definitions and Concepts
      Absolute Advantage
      Comparative Advantage
      Trade Balance - Is a Trade Deficit Bad?
      Economics: Short Quiz 1
      Interest Rates
      Exchange Rates
      National Debt and Foreign Borrowing
      International Capital Flows
      GDP, GNP and Income per Capita
      The Formula: How to Measure GDP
      Economics: Short Quiz 2 

   2.2 Fact Gathering
      What Are the Disparities in Global Incomes?

   2.3 Issues
      Does Globalization mean that Countries Compete?
      Outsourcing: Do Sweatshops Hurt Developing Countries?
      Are tariffs justified?
      Structure and Policies of the IMF
      Structure and Policies of the WTO
      Stiglitz's Critique of the IMF: Does the IMF cause poverty?
      Do Free Trade Associations Work?
      The Example of NAFTA
      A Skeptical View
      What Causes Economic Development?

3. Political Aspects
   Foundations of Freedom
   Increasing Freedom and Democracy
   The Case for World Government
   The Disappearance of Borders: Mexico/USA
   Short Quiz

4. Cultural Aspects
   McDonald's
   Religious Symbols: The Headscarf Ban
   Capitalism and Values
   The End of Nationalism
   Global Consciousness
   Universal Rights

5. Personal Aspects: What Does This Mean To Me?
   What is My Future?
   Personality Traits
   The New Management
   Final Exam