Economics (ECON) 401

The Changing Global Economy (Revision 7)

ECON 401 course cover

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Delivery Mode: Individualized study online with eTextbook

Credits: 3

Area of Study: Social Science

Prerequisite: ECON 247 or ECON 248 or an introductory course in economics.

Precluded Course: None.

Faculty: Faculty of Business

ECON 401 is not available for challenge.

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At a very general level, economic globalization refers to the integration of world markets and production. What are the key driving forces behind globalization? Are globalizing markets limiting the power of governments and societies to freely choose their futures? How is globalization affecting economic inequality and poverty? Who are the winners and losers in the process? How does globalization affect the less-developed regions of the world? What is the role of multinational firms? What economic policies are appropriate for a country like Canada in the emerging, competitive global economy? What economic policies are appropriate for a developing country? These are some of the important issues we will examine in this course.

This course focuses on the economic aspects of globalization but recognizes that political, social, and cultural perspectives are also important. In ECON 401, you will examine the theory, evidence, and policies related to globalization. As a result, you will develop a critical understanding of globalization issues.


  • Unit 1: The Meaning of Globalization
  • Unit 2: Trade and Globalization
  • Unit 3: Foreign Direct Investment
  • Unit 4: The Global Monetary System
  • Unit 5: Issues and Challenges Surrounding Globalization


Your final mark in ECON 401 will be determined by your marks on three written assignments and a final examination. To receive credit for this course, you must achieve a minimum grade of 50 percent on the final examination and an overall grade of D (50 percent) for the entire course.

Activity Credit Weighting When to Complete
Assignment 1 15% after Unit 2
Assignment 2 15% after Unit 5
Assignment 3 20% after Unit 5
Final Examination 50% after Assignment 3
Total 100%  

To learn more about assignments and examinations, please refer to Athabasca University’s online Calendar.

Note: The final examination for this course must be taken online at an invigilated location. It is your responsibility to ensure a computer with an Internet connection and Internet Explorer 7.0 or higher is available for your use at the invigilation centre.

Course Materials


Registration in this course includes an electronic textbook. For more information on electronic textbooks, please refer to our eText Initiative site.

Hill, C. W. L., & Hult, G. T. M. (2019). International business: Competing in the global marketplace (12th ed.). McGraw-Hill Education.

A print version of the eText may be available for purchase from the publisher through a direct-to-student link provided on the course website; you can also acquire the textbook on your own if you wish.

Other Resources

All other learning resources will be available online.

Athabasca University reserves the right to amend course outlines occasionally and without notice. Courses offered by other delivery methods may vary from their individualized-study counterparts.

Opened in Revision 7, January 14, 2020.

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