COURSE OF STUDY, 16 CREDITS

ECONOMICS 221: CONTEMPORARY BRITISH ECONOMY

(6 CREDITS)

This course will focus on the theoretical and policy debates in British economics since the 1930’s and the development of the structure of the British economy and institutions during that period.

Instructor: Dr. Solomos Solomou, Fellow, Peterhouse College

ECONOMICS 222: THE INDUSTRIAL REVOLUTION IN BRITAIN (3 CREDITS) The development of the British economy during the Industrial Revolution is studied with particular emphasis on the wool, cotton textile, iron, pottery, shipping, and coal mining industries as well as on urban development in London. Site visits to locations of significance are an important aspect of this course.

Instructor: Professor Michael Hemesath

ECONOMICS 223: THE LIFE OF J.M. KEYNES

(4 CREDITS) S/CR/NC

This course will examine the life and times of J.M. Keynes. In addition to examining the economic ideas of Keynes, students will examine the social and political milieu in Britain in the first half of the 20^th Century.

Instructor: Professor Michael Hemesath

ECONOMICS 224: ECONOMY OF MULTINATIONAL CORPORATIONS

(3 CREDITS)

This course will provide a brief introduction to the economics of multinational enterprises (MNE). We will examine the economic theory of MNEs, with a particular emphasis on understanding when a MNE is likely to be a viable form of economic organization. We will also discuss the interaction between MNEs and their host countries. Finally, we will use a series of business school cases to explore the interaction between economic theory and the actual operations of MNEs. In addition to classroom work, we will take several trips to London to visit businesses which will give us further opportunities to examine the interaction between economic theory and the real world of business.

Instructor: Professor Michael Hemesath

TENTATIVE SCHEDULE

Classes will be held on three mornings per week (usually Mondays, Tuesdays and Thursdays). The Economics 224 seminar will usually be held during a weekday evening. Excursions will usually take place on Wednesdays. Students will have the opportunity for individual travel on weekends, most of which will include Friday. A week long trip to the Midlands will be part of the Industrial Revolution class, and students will also have a break for independent travel.

EXCURSIONS

In addition to the trip to the Midlands, the program will include an excursion to the Continent (previous trips have visited Brussels and Amsterdam), trips to London and sites near Cambridge in East Anglia. Some excursions will be opportunities to better understand the contemporary British economy and the EU, while other trips will be cultural. On previous programs students have traveled to Greenwich to visit the British Maritime Museum, Stratford-on-Avon to see a Shakespearean production, to the BMW Mini plant in Oxford, to Scotland, and to northern Wales.

HOUSING AND FACILITIES

The Program will start in London and will be based at Pickwick Hall, a hotel centrally located near the British Museum.

In Cambridge students will stay at Hughes Hall, one of the colleges that make up Cambridge University. Students will have single rooms and a food allowance for meals, which can be taken at Hughes Hall or in town. Laundry facilities are available at Hughes Hall.

REQUIRED LEAVE OF ABSENCE

The 2007 Cambridge seminar functions as a Carleton term of the academic year. Participants are required to take a leave of absence winter term 2007-08.