ULMS Electronic Module Catalogue
The information contained in this module specification was correct at the time of publication but may be subject to change, either during the session because of unforeseen circumstances, or following review of the module at the end of the session. Queries about the module should be directed to the member of staff with responsibility for the module.
Title GLOBAL CAPITALIST SYSTEMS
Code MKIB160
Coordinator Dr S Stephen
Strategy, IB and Entrepreneurship
Sarah.Stephen@liverpool.ac.uk
Year CATS Level Semester CATS Value
Session 2023-24 Level 4 FHEQ Second Semester 15

Pre-requisites before taking this module (other modules and/or general educational/academic requirements):
 

Modules for which this module is a pre-requisite:
 

Programme(s) (including Year of Study) to which this module is available on a required basis:
 

Programme(s) (including Year of Study) to which this module is available on an optional basis:
 

Teaching Schedule
  Lectures Seminars Tutorials Lab Practicals Fieldwork Placement Other TOTAL
Study Hours 24

 6

       18

 48
Timetable (if known)              
Private Study 102
TOTAL HOURS 150

Assessment
EXAM Duration Timing
(Semester)		 % of
final
mark		 Resit/resubmission
opportunity		 Penalty for late
submission		 Notes
             
CONTINUOUS Duration Timing
(Semester)		 % of
final
mark		 Resit/resubmission
opportunity		 Penalty for late
submission		 Notes
Assessment 2: Group Presentation Assessment Type: Practical Assessment Duration: 10 minutes Weighting: 20% Reassessment Opportunity: Yes Penalty for Late Submission: Standard UoL penalty app  10    20       
Assessment 3: Group Report Assessment Type: Coursework Duration/Size: 3000 words Weighting: 50% Reassessment Opportunity: Yes Penalty for Late Submission: Standard UoL penalty applies Anonymous   0    50       
Assessment 1: Seminar Participation Assessment Type: Practical Assessment Size: 400 words per seminar Weighting: 30% Reassessment Opportunity: Yes Penalty for Late Submission: Standard UoL penalt  0    30       

Aims

This module aims to introduce students to the economic and business development of the major industrialised nations since 1945 and the more recent rise of emerging economies.  Different explanations of national political and economic make up  will be outlined and the concepts of 'welfare state, , varieties of capitalism', regulation modes are explained and applied in the assessed work.  Economic and business performance is discussed from several viewpoints - that of nations, cities, multinational and domestic firms.

Learning Outcomes

(LO1) Students will be able to explain the main trends in development of the economies of major industrialised countries since 1945.

(LO2) Students will be able to assess the major explanations offered for differing economic and business performance using theory.

(LO3) Students will be able to understand different geographical scales of economic activity and the role played by global financial institutions in global capitalist systems.

(LO4) Students will be able to plan, execute and write up field research, breaking complex tasks into parts and steps, managing time, delegating roles and responsibilities and refining knowledge through collective discussion.

(LO5) Students will develop a knowledge of different international capitalist systems.

(LO6) Students will be able to tackle more complex problems then they could on their own by polling knowledge and skills to complete collective tasks.

(S1) Commercial awareness

(S2) Communication skills

(S3) IT skills

(S4) International awareness

(S5) Lifelong learning skills

(S6) Adaptability

(S7) Teamwork

(S8) Presentation Skills

Teaching and Learning Strategies

Teaching Method: Lecture
Scheduled Directed Student Hours: 24
Attendance Recorded: Yes

Teaching Method: Seminar
Description: Students will have one-hour seminars per week. Seminars will be ‘on campus’ small group ‘active learning’ seminars to facilitate the sharing of knowledge and experiences from peers.
Scheduled Directed Student Hours: 6
Attendance Recorded: Yes

Self-Directed Learning Hours: 120
Description: Self-Directed Learning will include research activity, developing academic writing skills, and wider reading to support the module

Skills/Other Attributes Mapping

Skills / attributes: Commercial awareness
How this is developed: Students will develop awareness of competitiveness and industry dynamics in relation to varieties of capitalism.
Mode of assessment (if applicable): Coursework, Peer marked answer on varieties of capitalism - Germany, Peer marked answer on varieties of capitalism - USA, and Timed essay

Skills / attributes: Communication skills
How this is developed: Students will review other student work (anonymised) and comment on it. They will learn how to give feedback to other students. The timed essay will increase their capacity to express their knowledge of the course subjects and to produce an answer under time pressures.
Mode of assessment (if applicable): Coursework, Peer marked answer on varieties of capitalism - Germany, Peer marked answer on varieties of capitalism - USA, and Timed essay

Skills / attributes: IT skills
How this is developed: This course is paperless. All coursework will be submitted and marked work returned electronically via VITAL. Students also submit their timed essay electronically.
Mode of assessment (if applicable): Coursework, Peer marked answer on varieties of capitalism - Germany, Peer marked answer on varieties of capitalism - USA, and Timed essay

Skills / attributes: International awareness
How this is developed: The course is international in scope. Students will learn about different capitalist systems globally.
Mode of assessment (if applicable): Coursework, Peer marked answer on varieties of capitalism - Germany, Peer marked answer on varieties of capitalism - USA, and Timed essay

Skills / attributes: Lifelong learning skills
How this is developed: This is developed through peer review as students appreciate understanding how other students work. The timed essay also more closely replicates the working environment as students have access to their notes and the internet to produce an essay within a set time.
Mode of assessment (if applicable): Coursework, Peer marked answer on varieties of capitalism - Germany, Peer marked answer on varieties of capitalism - USA, and Timed essay

Skills / attributes: Adaptability
How this is developed: The peer review and timed essays required the students to adapt to innovative assessmen t methods, mediated through an electronic environment.
Mode of assessment (if applicable): Coursework, Peer marked answer on varieties of capitalism - Germany, Peer marked answer on varieties of capitalism - USA, and Timed essay

Syllabus
 

1.  Global economy, capitalism and the welfare state
2.   Development of globalised world since 1980
3. Business structures in the industrialised world.
4.   Growth and competitiveness - US, UK, Germany and Japan.
5.  The Scandinavian model.
6.  Shift in global economy: emerging markets.
7.  Trade blocks and beyond: the EU.
8.  Deglobalisation trends and Brexit.
9.. International finance and global financial institutions.
10. Fieldtrip - Learning by observing.

Recommended Texts
Reading lists are managed at readinglists.liverpool.ac.uk. Click here to access the reading lists for this module.