INTERNATIONAL TRADE - 2020/1
Module code: ECOM046
In light of the Covid-19 pandemic, and in a departure from previous academic years and previously published information, the University has had to change the delivery (and in some cases the content) of its programmes, together with certain University services and facilities for the academic year 2020/21.
These changes include the implementation of a hybrid teaching approach during 2020/21. Detailed information on all changes is available at: https://www.surrey.ac.uk/coronavirus/course-changes. This webpage sets out information relating to general University changes, and will also direct you to consider additional specific information relating to your chosen programme.
Prior to registering online, you must read this general information and all relevant additional programme specific information. By completing online registration, you acknowledge that you have read such content, and accept all such changes.
Module Overview
The module examines theories of international trade as well as selected empirical evidence relating to these theories.
Module provider
Economics
Module Leader
BREINLICH Holger (Economics)
Number of Credits: 15
ECTS Credits: 7.5
Framework: FHEQ Level 7
JACs code: L160
Module cap (Maximum number of students): N/A
Module Availability
Semester 1
Prerequisites / Co-requisites
None
Module content
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 pattern
| Assessment type | Unit of assessment | Weighting |
|---|---|---|
| Coursework | COURSEWORK ESSAY (3,000 WORDS) | 30 |
| Examination | EXAMINATION - 2 HOURS | 70 |
Alternative Assessment
Not applicable.
Assessment Strategy
The assessment strategy is designed to provide students with the opportunity to demonstrate
- their skills in working with microeconomics models of trade,
- their knowledge of how to apply these models to important policy questions, and
- their understanding of the empirical evidence related to these models.
Thus, the summative assessment for this module consists of:
- Students are assessed through a coursework essay and a final examination.
- Students will select an essay title from a list of three topics for the 3,000-word coursework essay. This essay accounts for 30% of the final mark and will typically be due in week 8 of Semester 1.
- The final examination (2 hours) will take place at the end of Semester 1 and will account for 70% of the final mark.
Formative assessment and feedback: Students will receive verbal feedback during lectures and written feedback on their coursework essay.
Module aims
- 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.
Learning outcomes
| Attributes Developed | ||
|---|---|---|
| 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 |
Attributes Developed
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
Reading list for INTERNATIONAL TRADE : http://aspire.surrey.ac.uk/modules/ecom046
Programmes this module appears in
| Programme | Semester | Classification | Qualifying conditions |
|---|---|---|---|
| International Economics, Finance and Development MSc | 1 | Compulsory | A weighted aggregate mark of 50% is required to pass the module |
| Economics MSc | 1 | Optional | 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 2020/1 academic year.