International Trade

Module code: EC3066

Module co-ordinator: Dr Barbara Roberts

Description

We live in an increasingly global world and experience the consequences of globalisation in many ways. Globalisation is a concept considered by many disciplines but to a great extent it is an economic phenomenon. It refers to growing integration of national economies as a result of exchange of goods and services, financial flows and technology transfer.

The Global Economy identifies and critically evaluates the economic channels through which globalisation takes place. Traditional trade in goods between countries is augmented by the operation of multinational firms and foreign direct investment. Trade policies and their effects as well as the international arrangements within which trade policies are designed and implemented are considered.

Topics Covered

• Defining globalisation
• Traditional and new international trade theory
• Trade policy
• International factor movements and foreign direct investment
• International negotiations and trade liberalisation
• Assessing the impact of economic globalisation

Learning

• 20 one hour lectures
• 5 one hour tutorials

Assessment

The module is worth 15 credits towards your third year assessment. The module is assessed by coursework (20%) and a one and a half hour examination at the end of the semester (80%).