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  6. EC3024: INTERNATIONAL ECONOMICS

EC3024: INTERNATIONAL ECONOMICS (2016-2017)

Last modified: 28 Jun 2018 10:27


Course Overview

This course will offer an in-depth analysis of the key theories of international trade and investment and international macroeconomics. At the end of the course students will be able to identify the major tendencies characterising the global economy – such as for example the geographical fragmentation of the vertical production chain and offshoring – and their implications for international specialisation, employment and welfare. Students will also be able to understand and assess the effects of trade and macroeconomic policies and the functioning of the multilateral trading system on countries’ position in the world economy and on firms’ internationalisation decisions.

Course Details

Study Type Undergraduate Level 3
Term First Term Credit Points 30 credits (15 ECTS credits)
Campus None. Sustained Study No
Co-ordinators
  • Professor Catia Montagna

Qualification Prerequisites

None.

What courses & programmes must have been taken before this course?

  • Either EC2002 Microeconomics 2 (Passed) or EC2003 Intermediate Microeconomics (Passed)
  • Any Undergraduate Programme (Studied)

What other courses must be taken with this course?

None.

What courses cannot be taken with this course?

  • EC3022 International Economics (Studied)

Are there a limited number of places available?

No

Course Description

This course covers both international trade and international money.
The first part of the course analyses international trade flows in perfectly competitive markets based on differences in technology (classical trade) or factor abundance (neoclassical trade), including the distributional and welfare implications of trade policy. The analysis of international trade then continues by investigating the impact of imperfect competition, economies of scale and product differentiation (new trade), including strategic trade policy. Selected aspects of applied trade policy are also investigated.
The second part of the course begins by reviewing basic concepts in international money and then overviews various exchange rate theories, including the Dornbusch overshooting model. The analysis of international money then continues by examining the policy framework ? looking at the objectives, targets and instruments of international monetary policy, including target zones and financial crises.

Further Information & Notes

This course starts in 2012/13 and continues every two years thereafter. This course is not available in 2013/14.

Contact Teaching Time

Information on contact teaching time is available from the course guide.

Teaching Breakdown

More Information about Week Numbers


Details, including assessments, may be subject to change until 30 August 2024 for 1st term courses and 20 December 2024 for 2nd term courses.

Summative Assessments

1st Attempt: 1 three-hour examination (80%); continuous assessment (20%) consisting of a graded tutorial presentation (10%) and an essay (10%, maximum word count 2,000).

Resit: 1 three-hour written examination (100%).

Formative Assessment

This will take place via tutorial discussions and through verbal feedback on the presentation which is then written up to form the essay.

Feedback

Feedback is given on the presentation and the essay. Oral feedback is given on the tutorial presentation.
On a less formal basis, via verbal feedback during tutorial discussions, and after tutorial presentations. Presentation slides and notes are submitted through Turn It In and are available to the external examiner.

Course Learning Outcomes

None.
 

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