Singapore University of Social Sciences

Global Capitalism and Inequality

Global Capitalism and Inequality (ABS354)

Applications Open: 01 May 2024

Applications Close: 15 June 2024

Next Available Intake: July 2024

Course Types: Modular Undergraduate Course

Language: English

Duration: 6 months

Fees: $1391.78 View More Details on Fees

Area of Interest: Humanities and Social Sciences

Schemes: Alumni Continuing Education (ACE)

Funding: To be confirmed

School/Department: School of Humanities & Behavioural Sciences


Synopsis

ABS354 Global Capitalism and Inequality delves into the complex dynamics of capitalism and the growing rich–poor divide in today’s world, where the richest 1% own 45% of global wealth. The course traces the historical evolution of capitalism, scrutinising its role in shaping contemporary societal inequalities. It examines crucial issues, including the balance between equity and efficiency in economic systems and the multidimensional nature of inequality. Additionally, the course discusses the consequences of globalisation, technological advancements and international migration on labour markets and inequality. It also evaluates policies and government interventions aimed at reducing inequality.

Level: 3
Credit Units: 5
Presentation Pattern: Every July
E-Learning: BLENDED - Learning is done MAINLY online using interactive study materials in Canvas. Students receive guidance and support from online instructors via discussion forums and emails. This is supplemented with SOME face-to-face sessions. If the course has an exam component, this will be administered on-campus.

Topics

  • Theories of Capitalism and Inequality
  • Global Inequality
  • The Equity-Efficiency Trade-Off and its Implications
  • Equality of What?
  • Measuring Poverty and Inequality
  • Hands-on Inequality Measurement
  • Multidimensional Deprivation
  • Social Mobility
  • Globalisation and Inequality
  • Challenges in Global Labour Markets
  • Tackling inequalities: the impact of policies
  • From trickle-down to shared prosperity: multilateral institutions and inequality

Learning Outcome

  • Demonstrate a comprehensive understanding of the historical development and key concepts of global capitalism.
  • Discuss various perspectives on capitalism and inequality.
  • Appraise the impact of globalisation, technological change and international migration on labour markets and income inequality.
  • Apply economic theories and models to analyse real-world income distributions.
  • Analyse market failures and their implications for economic inequality.
  • Examine policies that address inequality.
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