OverviewThis module provides students with an in-depth understanding of current issues and theoretical debates in international trade, together with their policy implications. It also provides the knowledge and skills necessary for interpreting related studies of countries at different levels of development.
International trade is a key issue on the world agenda and has considerable effects on countries' economies. The effects occur at the micro level of firms and households as well as at the macro level, where they are the subjects of government policy debates. International Trade takes advantage of the tools of economic analysis, which are common to other areas in economics, to study the issues raised by the economic interaction between sovereign states.
This module appears in:
This module is an elective for all Single and Joint Honours degree programmes in Economics.
This module is not available to students across degree programmes in the University.
Method of assessment
In Course Test, (45 minutes) (10%)
Essay (1500 Word), (10%)
Examination, 2 hours (80%)
Appleyard, D. R., Field, A. J. and Cobb, S. L. (2010), International Economics, (7th ed.), Mcgraw-Hill.
Krugman, P.R., and M. Obstfeld (2009), International Economics, Theory and Policy, (7th ed.), Addison-Wesley
Krugman, P.R., Obstfeld, M. and Melitz, M.J. (2012), International Economics, (9th ed.), Addison-Wesley
The World Trade Organization, http://www.wto.org
By the end of this module you will be able to:
* understand the traditional and modern theories that explain the existence of inter-industry and intra-industry trade.
* demonstrate in-depth understanding of current issues and theoretical debates in international trade, together with their policy implications.
* critically evaluate theoretical and empirical studies concerning international trade.
* critically review, assess and evaluate world trade negotiations.