International Trade
| Code | School | Level | Credits | Semesters |
| ECON2007 | Economics | 2 | 10 | Autumn UK |
- Code
- ECON2007
- School
- Economics
- Level
- 2
- Credits
- 10
- Semesters
- Autumn UK
Summary
This module is an introduction to international trade theory and policy. It covers the core trade theories under perfect and imperfect competition and applies them to understanding the pattern of trade, gains from trade and modern topics like foreign outsourcing. On the policy side, it examines the effects of different government trade policy instruments and the role of international trade agreements.
Target Students
Available for Year 2 Undergraduate students on Economics degree programmes studying ECON2001 Microeconomic Theory or ECON2017 Principles of Microeconomics. Also available for Year 2 BA Jt Hons Politics and Economics and BSc Jt Maths and Economics students. Available for Economics Exchange students.
Co-requisites
Modules you must take in the same academic year, or have taken in a previous year, to enrol in this module:
Classes
This module is delivered through a series of lectures and tutorials.
Assessment
- 100% Exam 1 (2-hour): Exam
Assessed by end of autumn semester
Educational Aims
The module aims:To provide an introduction to core theories of international trade.To see how these theories help us think about the pattern of trade and welfare gains from international trade.To evaluate the effects of government policies like tariffs, quotas and export subsidies.This module helps develops the following professional competency:Reflection of understanding of material through tutorial questions.Learning Outcomes
Learning outcomes are such that students will be able to:
Knowledge and Understanding:
- A3 Show understanding of analytical methods, both theory- and model-based.
- A6 Extensive knowledge and skills in specific specialisms in economics.
Intellectual Skills:
- B1 Work with abstract concepts and in a context of generality.
Professional/Practical Skill:
- C1 Discuss and analyse government policy.
- C3 Be familiar with differing approaches to analysing a given economic problem and the history and development of economic ideas.
Transferable/Key Skills:
- D1 Apply mathematical, statistical and graphical techniques in an appropriate manner.