International Trade

Code	School	Level	Credits	Semesters
ECON2023	Economics	2	10	Autumn Malaysia

Code: ECON2023
School: Economics
Level: 2
Credits: 10
Semesters: Autumn Malaysia

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

Compulsory Module for B.A./B.Sc. Honours in International Economics. Available to all students who have the appropriate co-requisites. Available to JYA/Erasmus students.

Classes

One 1-hour tutorial each week for 5 weeks
One 2-hour lecture each week for 10 weeks

Assessment

100% Exam 1 (1-hour-30-minute): take home 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.

Learning Outcomes

On completion of the module students should be able to:

demonstrate an understanding of the different theories of international trade, their scope and limitation.

demonstrate how these theories can explain the patterns of trade, gains from trade and outsourcing.

explain the effects of international trade on income distribution.

demonstrate an understanding of various government trade policy instruments and their effects on economic well-being.Learning outcomes are such that students will be able to:Knowledge and Understanding:
A1 Demonstrate a broad knowledge of core areas of economics
A2 Apply core economic theory and economic reasoning to applied topics.
A3 Show understanding of analytical methods, both theory- and model-based.
A6 Discuss and analyse government policy.Intellectual Skills:
B2 work with abstract concepts and in a context of generality.
Professional/Practical Skill:
C2 Select and apply appropriate techniques to solve problems.
C3 Justify conclusions using economic arguments with appropriate rigour.Transferable/Key Skills:
D1 Apply mathematical, statistical and graphical techniques in an appropriate manner.
D2 Communicate effectively and clearly in written and oral formats.

Conveners

Dr Luke Okafor

View in Curriculum Catalogue

Last updated 09/01/2025.