International Trade

Module code: EC3066

Module co-ordinator: Dr Barbara Roberts

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.

In this module we will identify and critically evaluate the economic channels through which globalisation takes place. We will explore how traditional trade in goods between countries is augmented by the operation of multinational firms and foreign direct investment. We will also look at trade policies and their effects as well as the international arrangements within which trade policies are designed and implemented.

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 seminars

Assessment

  • Coursework (20%)
  • Semester (80%)