To provide an analytical framework to help students understand important issues of the international economy and the economic interdependence of countries
To compliment the relevant economic theory on trade and international macroeconomics with empirical evidence
Module learning outcomes
On completing the module a student will be able to gain a better understanding of:
Causes and consequences of international trade
Pattern of trade between nations
The relationship between market structure and foreign trade
Instruments of trade policy
The political economy of international trade
The main underlying sources of exchange rate behaviour both in the short run and the long term
How international transactions affect the domestic economy and the conduct of national economic policies
The cost and benefits of different exchange rate regimes and the implication of this choice for the economy
The common features of financial and currency crises as well as policy measures to avoid them
And to:
Confront the relevant economic theory on trade and international macroeconomics with empirical evidence
Indicative assessment
Task
% of module mark
Online Exam -less than 24hrs (Centrally scheduled)
100
Special assessment rules
None
Indicative reassessment
Task
% of module mark
Online Exam -less than 24hrs (Centrally scheduled)
100
Module feedback
Information currently unavailable
Indicative reading
The main textbook that will be used in both parts of the module is:
P.Krugman, M Obstfeld & M.Melitz, International Economics: Theory and Policy.(Global Edition), 9th ed, 2012, Pearson.
There is a wide choice of various other international economics textbooks that are available in the Library, section GA. During the module you should expect to encounter material, in the form of journal articles, working papers, etc., of which there is no ready coverage in current general textbooks. Specific references will be provided as appropriate during the course.