ECON07024 2016 International Trade and Economics

General Details

Full Title
International Trade and Economics
Transcript Title
International Trade
Code
ECON07024
Attendance
N/A %
Subject Area
ECON - Economics
Department
BUS - Business
Level
07 - NFQ Level 7
Credit
05 - 05 Credits
Duration
Semester
Fee
Start Term
2016 - Full Academic Year 2016-17
End Term
9999 - The End of Time
Author(s)
Louise Walsh
Programme Membership
SG_BINTR_J07 201900 Bachelor of Business in Business in International Marketing Erasmus
Description

This subject aims to provide the student with an understanding of the theories behind and the reasons for international trade.It also also give an understanding of International Trade Policy.  It will give the student the ability to relate international economic events and trends with the basic economic theory in which they are based.

 

Learning Outcomes

On completion of this module the learner will/should be able to;

1.

Explain why trade takes place, and the benefits of trade.

2.

Explain the importance of the theories of absolute and comparative advantage

3.

Illustrate the relationship between trade and economic growth

4.

Explain the political economy of protectionism

5.

Understand the meaning of trade creation, trade diversion, and the dynamic benefits of economic integration.

6.

Evaluate the impact of globalisation on trade and economic development.

7.

Evaluate the trade problems of developing countries.

8.

Read and understand articles of an economic nature from journals and periodicals.

9.

Use vocabulary pertaining to economics and international trade.

Teaching and Learning Strategies

Lectures supported by tutorials

Module Assessment Strategies

Students will complete a written assignment and presentation on a topic related to International Trade. 

A final written examination will assess all learning outcomes.

Repeat Assessments

A repeat assessment will take place at the end of the term.

Indicative Syllabus

1. The Globaliation of the world economy                      

  • International Trade and the Standard of Living
  • The characteristics of trade between dissimilar countries
  • The characteristics of trade between similar countries 
  • Current International problems and challenges

2. Introduction to International Trade Theory                                         

  • Absolute Advantage
  • Comparative Advantege
  • Factor Endowments and Heckscher-Ohlin
  • New Trade Theory

3. International Trade Pollicy                                          

  • The arguements in favour of protectionsim
  • Trade Barriers

4. Economic Integration

  • Main forms of Integration
  • Viner's Customs Union Model

 

5. Multilateralism

  • The role and impact of the World Trade Organization
  • Regional Trade Agreements

6.     Trade Problems of Develpoping Countries

  • Agricultural Trade

 

Coursework & Assessment Breakdown

Coursework & Continuous Assessment
30 %
End of Semester / Year Formal Exam
70 %

Coursework Assessment

Title Type Form Percent Week Learning Outcomes Assessed
1 Continuous Assessment consisting of one of the following: Group project, Written exam, Multiple choice exam, Essay or Report Continuous Assessment Group Project 30 % Week 8 1,2,3,4,5,6,7,8,9
             
             

End of Semester / Year Assessment

Title Type Form Percent Week Learning Outcomes Assessed
1 Final Exam consisting of essay type questions Final Exam UNKNOWN 70 % End of Term 1,2,3,4,5,6,7,8,9
             
             

Full Time Mode Workload


Type Location Description Hours Frequency Avg Workload
Lecture Tiered Classroom Lecture 4 Weekly 4.00
Independent Learning UNKNOWN Self study 3 Weekly 3.00
Total Full Time Average Weekly Learner Contact Time 4.00 Hours

Required & Recommended Book List

Recommended Reading
2013 International Economics: Trade and Finance John Wiley & Sons Inc
ISBN 1118177940 ISBN-13 9781118177945

a used one, but it is approximately new

Module Resources

Non ISBN Literary Resources

Dominick Salvatore International Economics: Trade and Finance 11th edition, Wiley 2013

URL Resources

www.wto.org

www.europa.eu

www.ecb.eu

Other Resources

The Economist

World Trade Organisational Reports

OECD Reports

 

Additional Information

None