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2011/2 Provisional Module Catalogue - UNDER CONSTRUCTION & SUBJECT TO CHANGE
 Module Code: ECO3042 Module Title: INTERNATIONAL TRADE
Module Provider: Economics Short Name: ECO3042
Level: HE3 Module Co-ordinator:
Number of credits: 15 Number of ECTS credits: 7.5
 
Module Availability
Autumn
Assessment Pattern
Unit(s) of Assessment 

Weighting Towards Module 
Mark (%)

2 hour Examination

70

Coursework

30


Qualifying Condition(s)
A weighted aggregated mark of 40% is required to pass the module
Module Overview
The module broadly covers two parts. In the first part we concentrate on the theoretica foundations of international trade, i.e. address the questions "Why do we trade" and "is trade good for us?". In the second part we focus on the policy instruments that are available to the designers of trade policy; our analysis involves issues related to the potential costs and/or benefits to a range of stakeholders of trade barriers, e.g. tariffs and quotas
Prerequisites/Co-requisites
None
Module Aims
The aim of this course is to introduce the workings of an open economy
Learning Outcomes

By the end of this module students will:-

  • have an understanding of the theory of international trade
  • be able to discuss trade policy issues
Module Content
Adam Smith's theory of absolute advantage, Ricardo's theory of comparative advantage, Heckscher-Ohlin theory, economics of scale, monopolistic competition and trade, oligopoly and trade, growth and trade, tariffs, import quotas, voluntary export restraints, WTO, dumping, trade blocks, trade and the environment, policies for developing countries
Methods of Teaching/Learning
Lectures (11)
Selected Texts/Journals

The course will closely follow Thomas A. Pugel's 13th edition of International Economics, 2007, McGraw Hill, ISBN-10: 0071107274

Krugman and Obstfield's International Economics: Theory and Policy, 2006, Edison Wesley, ISBN-10, 0321461835 can be used for supplementary reading

A slightly more advanced textbook with a European focus is International Economics Theory, application, and policy by Charles van Marrewijk, 2006, Oxford University Press, ISBN-10 0199280983

Last Updated

10 March 2011