Advanced International Trade II
| Code | School | Level | Credits | Semesters |
| ECON3016 | Economics | 3 | 10 | Spring UK |
- Code
- ECON3016
- School
- Economics
- Level
- 3
- Credits
- 10
- Semesters
- Spring UK
Summary
The key object of the module is to provide advanced analytical tools to interpret key aspects of modern global economies. Why do country trade? Is economic integration (globalisation) beneficial for countries? If yes, how large are these benefits? Does globalization benefit all countries or does it create winners and losers? Are all workers and firms within a country benefiting from globalisation or does trade exacerbate economic inequalities? Why is production fragmented across the world, with the value of products diluted in long global value chains? Does international workers’ migration make countries richer or poorer? This course provides a rich set of mostly theoretical tools to answer these fundamental questions.
Target Students
Available for final year Undergraduate students on Economics degree programmes, including final year students on BA Jt Hons Politics and Economics and BSc Jt Maths and Economics degrees. Not available for Exchange students.
Classes
This module is delivered through a series of lectures and tutorials.
Assessment
- 100% Exam (2-hour): Exam
Assessed by end of spring semester
Educational Aims
The key objective of this course is to present a more advanced version of the standard models where international trade is explained by comparative advantage from technological differences and from endowment differences, by increasing returns to scale internal and external to the firm, and by strategic interaction between firms. We then move on to introduce some frontier models where the role of firm heterogeneity in shaping the structure and the effects of trade is analysed.The module aims to enable the participants to develop skills in reflection of understanding of material through tutorial questions.Learning Outcomes
On completion of the module students should:
- A4 Demonstrate understanding of verbal, graphical, mathematical and econometric representation of economic ideas and analysis, including the relationship between them.
- A6 Extensive knowledge and skills in specific specialisms in economics.
- B2 Reason logically and work analytically.
- C3 Be familiar with differing approaches to analysing a given economic problem and the history and development of economic ideas.
- D1 Apply mathematical, statistical and graphical techniques in an appropriate manner.
- D2 Communicate effectively and clearly in written and oral formats.