INTERNATIONAL TRADE THEORY - 2018/9
Module code: ECOM046
The module examines theories of international trade as well as selected empirical evidence relating to these theories.
BREINLICH H Prof (Economics)
Number of Credits: 15
ECTS Credits: 7.5
Framework: FHEQ Level 7
JACs code: L160
Module cap (Maximum number of students): N/A
Prerequisites / Co-requisites
Indicative content includes:
Comparative Advantage and the Ricardian Model
The Specific Factors Model
The Heckscher-Ohlin Model
The Standard Trade Model
Firms in the Global Economy
Trade Policy: Instruments & Political Economy
Trade Policy in Developing Countries
|Assessment type||Unit of assessment||Weighting|
|School-timetabled exam/test||IN-SEMESTER TEST - 60 MINUTES||25|
|Examination||EXAMINATION - 2 HOURS||75|
The assessment strategy is designed to provide students with the opportunity to demonstrate
Their skills in working with microeconomics models of trade and their knowledge of the empirical evidence related to these models. The assessment strategy for this module consists of a mid-term class test where students should demonstrate their skills in problem solving and uses of theory models to analyse trade policies and of a final exam in which the students will have to demonstrate their knowledge of the literature and recent advances in trade theory.
Thus, the summative assessment for this module consists of:
A mid term class test in week 6 covering material from weeks 1-4.
A final examination (2 hours) at the end of Semester 2
Formative assessment and feedback: Students will receive verbal feedback during lectures and written feedback on their mid-term class test.
- Demonstrate how microeconomic models can be used to examine the role of international trade, technology, and international investment in an increasingly integrated global economy.
- Explore selected empirical tests of microeconomic trade models, in order to understand the methods by which trade theories are tested and to gain familiarity with the findings in the literature.
|001||Use theoretical and applied microeconomics to investigate how international trade and economic policies are shaping the global economy.||KCT|
|002||Analyse, both theoretically and empirically, the forces (including economic policies) which explain observed patterns of trade and their implications for the global distribution of income.||KCP|
|003||Understand the implications for economic welfare of the major tools of trade policy.||KCPT|
|004||Understand the methods by which trade theories are tested and gain familiarity with the findings in the literature.||KCT|
C - Cognitive/analytical
K - Subject knowledge
T - Transferable skills
P - Professional/Practical skills
Overall student workload
Independent Study Hours: 130
Lecture Hours: 20
Methods of Teaching / Learning
The learning and teaching strategy is designed to:
This module develops and uses economic models to examine the role of international trade in an increasingly integrated global economy. We will also examine empirical evidence related to these models. The teaching strategy will be based on theoretical lectures, in-lecture exercises and discussion, as well as on directed self-study.
The learning and teaching methods include:
Lectures (2 hour lecture per week x 10 weeks)
General and small group discussions, Question and answer interactive format, Directed self-study
Indicated Lecture Hours (which may also include seminars, tutorials, workshops and other contact time) are approximate and may include in-class tests where one or more of these are an assessment on the module. In-class tests are scheduled/organised separately to taught content and will be published on to student personal timetables, where they apply to taken modules, as soon as they are finalised by central administration. This will usually be after the initial publication of the teaching timetable for the relevant semester.
Reading list for INTERNATIONAL TRADE THEORY : http://aspire.surrey.ac.uk/modules/ecom046
Programmes this module appears in
|Economics MSc||1||Optional||A weighted aggregate mark of 50% is required to pass the module|
|International Economics, Finance and Development MSc||1||Compulsory||A weighted aggregate mark of 50% is required to pass the module|
Please note that the information detailed within this record is accurate at the time of publishing and may be subject to change. This record contains information for the most up to date version of the programme / module for the 2018/9 academic year.