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International Economics - ECO00047H

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  • Department: Economics and Related Studies
  • Credit value: 20 credits
  • Credit level: H
  • Academic year of delivery: 2024-25
    • See module specification for other years: 2023-24

Module summary

In this module we will learn about international trade and finance, looking at how integration in international goods and capital markets affect economic welfare, growth and macroeconomic stabilization policies.

Related modules

Pre-requisite modules

Co-requisite modules

  • None

Prohibited combinations

  • None

Additional information

Principles of Economics

Macroeconomic Analysis and Policy

Microeconomic Theory

Module will run

Occurrence Teaching period
A Semester 1 2024-25

Module aims

  • 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
Closed/in-person Exam (Centrally scheduled) 100

Special assessment rules

None

Indicative reassessment

Task % of module mark
Closed/in-person Exam (Centrally scheduled) 100

Module feedback

Feedback will be provided in line with University policy

Indicative reading

Krugman, P.R., Obstfeld, M. and Melitz, M.J.. International Economics: Theory and Policy, Global Edition (Vol. global edition).


The information on this page is indicative of the module that is currently on offer. The University constantly explores ways to enhance and improve its degree programmes and therefore reserves the right to make variations to the content and method of delivery of modules, and to discontinue modules, if such action is reasonably considered to be necessary. In some instances it may be appropriate for the University to notify and consult with affected students about module changes in accordance with the University's policy on the Approval of Modifications to Existing Taught Programmes of Study.