After the Golden Age: the Political Economy of Britain since the 1970s

University of Glasgow

Course Description

  • Course Name

    After the Golden Age: the Political Economy of Britain since the 1970s

  • Host University

    University of Glasgow

  • Location

    Glasgow, Scotland

  • Area of Study

    Economics, International Economics, Political Science

  • Language Level

    Taught In English

  • Course Level Recommendations


    ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.

    Hours & Credits

  • Scotcat Credits

  • Recommended U.S. Semester Credits
  • Recommended U.S. Quarter Units
  • Overview

    From the 1950s until the 1970s Britain enjoyed a 'golden age' of low unemployment, low inflation and respectable growth rates. But from the 1970s the economy was much less stable and by some measures, such as unemployment, performance seriously deteriorated. This course analyses the forces at work in creating this instability, and the responses by successive governments to the economic problems they faced. It deals with the political and ideological underpinnings of policy, and also assesses the ways in which narratives about policy were constructed and deployed in order to sustain public support.

    Weekly sessions will include analysis of the 1976 IMF 'crisis', the rise of neo-liberal economic thinking, the policies of the Thatcher government, the economics and politics of 'globalisation', and the distinctive approach of New Labour to economic issues. The final part of the course will deal with the 'great complacence', the ensuing financial crisis of 2007/8, and the responses to that crisis.

    One two-hour examination from which two questions must be answered = 60% (especially related to ILOs 1,2,3, 5)
    One essay, selected from questions given at the end of each weekly
    lecture/seminar reading list (2,000-2,500 words, excluding bibliography) = 25% (especially related to ILOs 1,2,3, 5)
    One project report (1,000-1,500 words, excluding bibliography) = 15% (especially related to ILOs 1,2,3,4)

Course Disclaimer

Courses and course hours of instruction are subject to change.

Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.

ECTS (European Credit Transfer and Accumulation System) credits are converted to semester credits/quarter units differently among U.S. universities. Students should confirm the conversion scale used at their home university when determining credit transfer.

Please note that some courses with locals have recommended prerequisite courses. It is the student's responsibility to consult any recommended prerequisites prior to enrolling in their course.


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