This is a one semester introductory course on International Economics (Trade and Finance) emphasising real world issues and business applications. The aim of the module is to introduce students to the fundamental theories of
international trade and payments and to show how these explain the pattern of global trade and payments.
International Trade Theory
Gains from trade and the Ricardian model of comparative advantage
Resources and international trade: The Heckscher-Ohlin model
Economies of scale and imperfect competition
International factor movements
Barriers to trade and trade policy
International Finance
Balance of Payments and exchange rates
Net international investment position
Drivers of international capital flows
Crises and external adjustment
Lectures, student presentations, and discussions
| Module Content & Assessment | |
|---|---|
| Assessment Breakdown | % |
| Formal Examination | 60 |
| Other Assessment(s) | 40 |