Director: Erol Balkan, Professor of Economics
New York City has long been one of the financial centers in the global economy. Financial service activities of all kinds tend to be very strongly concentrated in key metropolitan centers like New York City, London and Tokyo. These form a complex network spanning national boundaries and connecting major cities around the world. By several indicators such as the volume of international currency trading, volume of foreign financial assets and the number of headquarters of the large international banks, New York City is one of the most important centers for global financial activities. The focus of our semester will be the study of global financial networks.
(Pre-Requisite Econ 102)
The major financial markets are more closely integrated today than they ever were in the past. The recent developments in information and communications technologies increased the globalization of financial markets and at the same time allowed the development of a whole new range of financial instruments known as derivatives. Deregulation and financial liberalization of different financial markets also gave an immense impetus to financial integration. Market liberalization affected interest rate ceilings, reserve requirements and barriers to geographical expansion, which in turn stimulated free international movement of capital.
This course covers a broad range of theories and issues in global finance, including the evolution of the current global financial markets, balance of payments problems, exchange rate determination and currency markets, financial and currency crisis, international capital flows, international banking, and macroeconomic policies in an open economy.
Foundational course of the Program in New York City. Critical examination of some of the global issues and challenges considered from a political economy perspective. Issues to include economic globalization, the role of basic international economic organizations (IMF, World Bank, WTO), the development and significance of global neo-liberalism, political and cultural globalization, ecological sustainability and global financial crisis. The course is organized around readings, class discussion, films, guest discussion leaders, and field trips in New York City.
A tutorial resulting in a substantial paper that integrates experience and learning from the internship with an academic perspective and knowledge gained in the seminars or other tutorial readings.
An Independent Study supervised by the director of the Program in New York City and based on an internship with a firm, organization, agency or advocacy group appropriate to the theme of course.
Director: Patricia O'Neill, Professor of English
The focus this semester will be on how global culture is produced and represented in literature, art, and digital media. Field trips, courses and independent study will establish the historical and present day contexts in which New York City symbolizes and participates in the globalization of technology and culturally complex identities.
Critical examination of economic, political, and cultural theories that have defined what we mean by globalization. We will discuss issues such as the politics of transnational film and literature, the role of museums and community-based organizations, the problems of international capital and immigrant labor in a global city.
Beginning with E.B. White’s famous essays on New York City in the late 40s and 50s, we will consider how authors and filmmakers have generated images of NYC as both exciting and dangerous, a crossroads and meeting point for people from all over the world. The second half of the semester we will focus on literary and filmic responses to the attacks on New York City in September 2001 and exam changes in the city’s culture and identity for long time residents and contemporary immigrants and visitors.
Students will receive credit for working 4 days a week in a cultural or media-oriented organization and post weekly synopses of their experiences on Blackboard.
Working from abstracts and short bibliographies developed in consultation with the director and the student’s concentration advisor in the Fall semester, students will analyze the effects of globalization on one form of culture or media in a substantial paper (20-30 pages). All students will receive college credit for this work. Students may also seek concentration credit.