Durham University
Programme and Module Handbook

Undergraduate Programme and Module Handbook 2018-2019 (archived)


Department: Business School (Economics and Finance)


Type Open Level 3 Credits 20 Availability Available in 2018/19 Module Cap Location Durham


  • Macroeconomics (ECON2011) AND Microeconomics (ECON2021).


  • None.

Excluded Combination of Modules

  • None.


  • To provide, by building on the skills and knowledge from level 2, an understanding of traditional and modern theories of international trade and international finance. In addition, it seeks to provide students with the skills necessary to appreciate and discuss policy issues.


  • Models of exchange rate determination
  • Currency Crises
  • Intertemporal approach to the current ccount
  • Globalisation
  • Ricardian Trade Theory;
  • Hecksher-Ohlin Trade Theory;
  • New Trade Theory;
  • International Labour Migration

Learning Outcomes

Subject-specific Knowledge:
  • At the end of the module students should:
  • Understand knowledge of how well theories can explain actual trade and understand finance flows
  • Understand positive and normative theories of international trade and international finance
Subject-specific Skills:
  • Be able to solve simple models of international trade and international finance
  • Be able to apply international trade and finance theories to practical problems
Key Skills:
  • Written Communication - through summative assessment.
  • Planning, Organisation and Time Management - preparing for examinations.
  • Problem Solving and Analysis - e.g. by applying the necessary analytical and quantitative skills, as well as the ability to manipulate concepts in international trade and finance, in undertaking assessed work.
  • Numeracy - e.g. by applying core mathematical and statistical skills to answer a range of examination questions.

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

  • Teaching is by lectures and tutorials. Learning takes place through attendance at lectures, preparation for and participation in tutorial classes, and private study. Formative assessment is by means of one group presentation. Summative assessment is by means of a written examination.

Teaching Methods and Learning Hours

Activity Number Frequency Duration Total/Hours
Lectures 12 Fortnightly 2 hours 24
Tutorials 8 Fortnightly 1 hour 8
Preparation and Reading 168
Total 200

Summative Assessment

Component: Examination Component Weighting: 100%
Element Length / duration Element Weighting Resit Opportunity
One written examination 2 hours 30 minutes 100% Same

Formative Assessment:

Via group presentation during seminars. Work prepared by students for seminars; answers to questions either discussed during a seminar, or posted on DUO;

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