Module Provider: |
School of Agriculture, Policy and Development |
Number of credits: |
10 [5 ECTS credits] |
Level: |
I (Intermediate) |
Terms in which taught: |
Spring |
Module Convenor: |
Dr
XT
Irz |
Pre-requisites: |
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Co-requisites: |
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Modules excluded: |
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Current from: |
2005/6 |
Aims:
This module intends to develop the student's understanding of the basic issues in the area of international economics. The three key elements of the course are: 1) trade theory 2) trade policy and 3) International monetary and financial economics. The course aims to describe and explain the progressive globalisation of the world economy and to introduce key concepts that are central to an understanding of international economics.
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Assessable learning outcomes:
The student will be able to describe the recent evolution of trade patterns and discuss alternative theories that have been developed to explain trade flows. In addition, the student will be able to evaluate different policy instruments and present the role that international institutions play in regulating world trade. Finally, the student will be able to present the main systems of exchange rate management and to discuss the advantages and disadvantages of the European single currency. |
Additional outcomes:
The module also aims to develop the student's analytical and written communication skills. |
Outline content:
The module will consider the following:
Introduction: Globalisation and the evolution of trade patterns
Comparative advantage and the Ricardian model
Who gains and who loses from trade? The specific factors model
Partial equilibrium analysis of trade policy
The political economy of trade policy and other issues related to trade
Economic integration
Exchange rates and their impact on trade
The European single currency
Readings:
There is no required textbook but a useful reference is: Krugman and Obstfeld (2003). International Economics - Theory and Policy, sixth edition, Addison Wesley. In addition, specific references will be given at the end of each lecture. |
Brief description of teaching
and learning methods:
One weekly two-hour lecture will be held. |
Contact hours:
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Autumn |
Spring |
Summer |
| Lectures |
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16 |
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| Tutorials/seminars |
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| Practicals |
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| Other contact (eg study visits) |
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4 |
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| Total hours |
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20 |
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| Number of essays or assignments |
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| Other (eg major seminar paper) |
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Assessment:
Coursework:
One mid-term test (35%) and one final test (65%).
Relative percentage of coursework: 100%
Penalties for late submission:
Standard University rule applies: 10% marks deducted for work submitted up to one week late. Work submitted more than one week late will be awarded a zero mark.
Examinations:
Relative percentage of examination: 0%
Requirements for a pass:
40% overall
Reassessment arrangements:
By re-examination in September |
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