This course is available on the MPA Dual Degree (LSE and Columbia), MPA Dual Degree (LSE and Hertie), MPA Dual Degree (LSE and NUS), MPA Dual Degree (LSE and Sciences Po), MPA Dual Degree (LSE and Tokyo), MPA in European Policy-Making, MPA in International Development, MPA in Public Policy and Management, MPA in Public and Economic Policy, MPA in Public and Social Policy, MPA in Social Impact and Master of Public Administration. This course is available with permission as an outside option to students on other programmes where regulations permit.

The expectation is that students will have previously taken PP440 (formerly EC440) and PP455 (formerly EC455) or other equivalent courses. Students that have not taken PP440 (or the former EC440) and PP455 (or the former EC455) will require permission from the course lecturer to attend the course.

Over the past fifty years the global economy has become increasingly interconnected.  This course studies the policy implications of globalisation.  The course considers both theoretical and empirical analyses of the causes and consequences of increasing international economic integration focusing particularly on the challenges and opportunities that globalisation creates for policy makers.  Key areas covered include: international trade, capital flows, migration, technology diffusion and the relationship between globalisation and national sovereignty.  The course builds on the knowledge developed in PP440 (formerly EC440) and PP455 (formerly EC455).

20 hours of lectures and 10 hours of seminars in the LT.

The formative coursework will comprise a graded problem set. The formative coursework will take place during the first half of term.

There is no textbook that includes all the material covered in this course.  Lectures and readings will primarily focus on journal articles.  Two books that will be used during the course are:

Paul R. Krugman, Maurice Obstfeld and Marc J. Melitz, “International Economics: Theory and Policy” 10th Edition (Global Edition), Pearson Education, 2015.

Dani Rodrik, "The Globalization Paradox", Oxford University Press, 2011

Exam (70%, duration: 2 hours, reading time: 15 minutes) in the summer exam period.
Coursework (20%) and class participation (10%).

The 20% coursework will consist of a graded problem set.