Module BUSI40A15: INTERNATIONAL ECONOMICS (FT)

Department: Business School (Business)

BUSI40A15: INTERNATIONAL ECONOMICS (FT)

Prerequisites

• None.

Corequisites

• None.

Excluded Combination of Modules

• None.

Aims

• A critical appreciation of the forces influencing international trade and investment flows.
• Advanced knowledge of, and the ability to apply, theories of international trade and foreign direct investment.
• An in-depth understanding of trade policies and the context in which they are developed.
• A critical appreciation of balance of payments and exchange rate policies and the international monetary system.

Content

• The rise of the global economy: the growth and changing pattern of international trade and investment.
• Standard and modern theories of international trade.
• Trade policy issues.
• Trade liberalisation under GATT and the TWO.
• The rise and impact of foreign direct investment.
• Balance of payments accounting and fixed and floating exchange rates.
• International monetary system and the globalisation of financial markets.

Learning Outcomes

• Upon successful completion of the module, the students will have a critical appreciation of:
• the forces influencing international trade and investment flows;
• trade policies and the context in which they are developed;
• the rise and impact of foreign direct investment;
• balance of payments and exchange rate policies;
• the international monetary system and global financial markets.

• Upon successful completion of the module, the students will be able to:
• critically analyse theories of international trade and foreign direct investment.

• Written communication; planning, organising and time management; problem solving and analysis; using initiative; computer literacy.

Modes of Teaching, Learning and Assessment and how these contribute to the learning outcomes of the module

• Learning outcomes will be met through a combination of lectures, groupwork, case studies and discussion, supported by guided reading. The written assignment will test students' understanding of relevant concepts and their ability to apply and interpret what they have learned to the analysis of a particular issue in depth.

Teaching Methods and Learning Hours

Summative Assessment

Formative Assessment:

None.

■ Attendance at all activities marked with this symbol will be monitored. Students who fail to attend these activities, or to complete the summative or formative assessment specified above, will be subject to the procedures defined in the University's General Regulation V, and may be required to leave the University