Democratising the Economy MGT4116

  • Academic Session: 2025-26
  • School: Adam Smith Business School
  • Credits: 15
  • Level: Level 4 (SCQF level 10)
  • Typically Offered: Semester 1
  • Available to Visiting Students: Yes
  • Collaborative Online International Learning: No
  • Curriculum For Life: No

Short Description

This course is designed as an advanced-level introduction to critical political economy in Management. It will cover theoretical and empirical aspects, including classical works and political economic theories from across economics, sociology, politics, and geography, to reflect the interdisciplinary nature of the field. The course will explore these theories and resources in the context of recent, cutting-edge research into alternative economic development and economic democracy conducted in the department.

Timetable

Timetabled on-campus teaching:

Lectures: 10 hours (1 hour x 10 weeks)

Assignment surgery session: 1 hour (1 hour x 1 week)

Tutorials: 4 hours (1 hour x 4 weeks)

Requirements of Entry

Entry to an Honours programme in Business and Management or a GPA of 12 in the level 2 courses listed below for students taking an Honours programme in another subject:
MGT2010 Business Decision Analysis
MGT2011 Fundamentals of Human Resource Management
MGT2012 Services and Operations Management
MGT2014 Entrepreneurship

Excluded Courses

None

Co-requisites

None

Assessment

There will be two summative assessments.

Assessment

Weighting

ILOs

Lengths

Individual presentation

40%

1, 3

3 minutes + 1 page written handout OR 3 minutes + 1 page infographic

Written assignment

60%

1, 2, 4

2,000 words (+/- 10%)

 

Further details on assessments will be included in the course handbook.

Are reassessment opportunities available for all summative assessments? Not applicable for Honours courses

Reassessments are normally available for all courses, except those which contribute to the Honours classification. Where, exceptionally, reassessment on Honours courses is required to satisfy professional/accreditation requirements, only the overall course grade achieved at the first attempt will contribute to the Honours classification. For non-Honours courses, students are offered reassessment in all or any of the components of assessment if the satisfactory (threshold) grade for the overall course is not achieved at the first attempt. This is normally grade D3 for undergraduate students and grade C3 for postgraduate students. Exceptionally it may not be possible to offer reassessment of some coursework items, in which case the mark achieved at the first attempt will be counted towards the final course grade. Any such exceptions for this course are described below. 

Course Aims

The course aims to introduce students to key debates in critical political economy, particularly exploring models of alternative economic development and case studies of economic democracy. Students will develop a critical understanding of organisations, cultures, and structures, and their management in the context of alternative and sustainable development. Focussing on questions of ownership and governance in both theory and practice, the course will equip students with analytical tools to understand and explain the interactive nature of social, economic and political factors in processes of democratisation, and how these relate to key global challenges of our times (e.g. the climate crisis, inequality).

Intended Learning Outcomes of Course

By the end of this course students will be able to:

1. Describe the interactive nature of social, economic, and political factors in relation to questions of ownership and governance for managing sustainable development;

2. Demonstrate a critical understanding of the concept of economic democracy;

3. Examine models of alternative economic development in the context of global challenges;

4. Investigate contemporary empirical examples with reference to theories and models introduced in the course.

Minimum Requirement for Award of Credits

Students must submit at least 75% by weight of the components (including examinations) of the course's summative assessment.