International Trade

Module code: ECON 3538

Module description

The module will examine theoretical International Trade frameworks and apply these to real world International Policy issues which will allow the presentation of an analysis of how the international economy works.

Recent developments in the world economy have raised concerns regarding the nature of the international adjustment mechanism, and the merits of free trade compared with protectionism. Therefore, the module will relate the theory of International Economics to recent world events, allowing debate on policy implications.

Some of the content includes:

• Trade theories: classical and modern
• Barriers to Trade: Tariffs & non‑Tariff
• Gains from Trade and Regional Agreements
• Trade in Intermediate Inputs and Wages
• Trade and Endogenous Growth
• Political Economy of Trade Policy
• Multinationals and Organization of the Firm

Contact hours per student per year

• Lectures: 22 hours
• Tutorials: 22 hours

Assessments

• Individual essay linked to individual presentation (1125 words): 50%
• Individual essay linked to individual presentation (1125 words): 50%

Additional costs: No extra costs other than purchase of books