| Title: | Economics International Trade |
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| Long Title: | Economics International Trade |
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| Field of Study: |
Economics
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| Valid From: |
Semester 1 - 2014/15 ( September 2014 ) |
| Module Coordinator: |
Pio Fenton |
| Module Author: |
AISLING CONWAY LENIHAN |
| Module Description: |
This module analyses trade policy and the benefits and costs of international trade. |
| Learning Outcomes |
| On successful completion of this module the learner will be able to: |
| LO1 |
Assess and apply the theory of international trade. |
| LO2 |
Analyse the economic consequences of trade protection measures. |
| LO3 |
Analyse key concepts in open economy macroeconomics. |
| LO4 |
Critically appraise exchange rate determination models. |
| LO5 |
Critically appraise how the international monetary system functions. |
| Pre-requisite learning |
Module Recommendations
This is prior learning (or a practical skill) that is strongly recommended before enrolment in this module. You may enrol in this module if you have not acquired the recommended learning but you will have considerable difficulty in passing (i.e. achieving the learning outcomes of) the module. While the prior learning is expressed as named CIT module(s) it also allows for learning (in another module or modules) which is equivalent to the learning specified in the named module(s). |
| No recommendations listed |
Incompatible Modules
These are modules which have learning outcomes that are too similar to the learning outcomes of this module. You may not earn additional credit for the same learning and therefore you may not enrol in this module if you have successfully completed any modules in the incompatible list. |
| No incompatible modules listed |
Co-requisite Modules
|
| No Co-requisite modules listed |
Requirements
This is prior learning (or a practical skill) that is mandatory before enrolment in this module is allowed. You may not enrol on this module if you have not acquired the learning specified in this section. |
| Introduction to Ecconomics |
Co-requisites
|
| No Co Requisites listed |
Module Content & Assessment
| Indicative Content |
|
Trade Theory
Law of Absolute and Comparative Advantage, Production Possibility Frontier, Heckscher-Ohlin Theory.
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Trade Policy
Tariffs, Quotas, Subsidies, Trade agreements.
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Open Economy Macroeconomics
GDP, National Income, Balance of Payments, open and closed International economies.
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Foreign Exchange Market
Exchange Rate Determination, Mitigating against exchange rate risk, Mundell-Fleming Model, Purchasing Power Parity theory.
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International Monetary Policy
Demand for and supply of money, interest rates, Gold Standard, Bretton Woods agreement and the international economic climate.
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| Assessment Breakdown | % |
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| Course Work | 40.00% |
| End of Module Formal Examination | 60.00% |
| Course Work |
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| Assessment Type |
Assessment Description |
Outcome addressed |
% of total |
Assessment Date |
| Project |
International Economics Project |
1,2,3 |
30.0 |
Week 10 |
| Presentation |
Presentation of Project |
1,2,3 |
10.0 |
Week 11 |
| End of Module Formal Examination |
|---|
| Assessment Type |
Assessment Description |
Outcome addressed |
% of total |
Assessment Date |
| Formal Exam |
End-of-Semester Final Examination |
1,2,3,4,5 |
60.0 |
End-of-Semester |
| Reassessment Requirement |
Repeat examination
Reassessment of this module will consist of a repeat examination. It is possible that there will also be a requirement to be reassessed in a coursework element.
|
The institute reserves the right to alter the nature and timings of assessment
Module Workload
| Workload: Full Time |
| Workload Type |
Workload Description |
Hours |
Frequency |
Average Weekly Learner Workload |
| Lecture |
Lecture |
3.0 |
Every Week |
3.00 |
| Independent & Directed Learning (Non-contact) |
Reading |
4.0 |
Every Week |
4.00 |
| Total Hours |
7.00 |
| Total Weekly Learner Workload |
7.00 |
| Total Weekly Contact Hours |
3.00 |
| Workload: Part Time |
| Workload Type |
Workload Description |
Hours |
Frequency |
Average Weekly Learner Workload |
| Lecture |
Lecture |
2.0 |
Every Week |
2.00 |
| Independent & Directed Learning (Non-contact) |
Reading |
5.0 |
Every Week |
5.00 |
| Total Hours |
7.00 |
| Total Weekly Learner Workload |
7.00 |
| Total Weekly Contact Hours |
2.00 |
Module Resources
| Recommended Book Resources |
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- Stephen Husted & Michael Melvin 2013, International Economics, 9th Ed. [ISBN: 9780321783868]
| | Supplementary Book Resources |
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- Paul R. Krugman, Maurice Obstfeld, Marc Melitz, 2012, International Economics, 9th Ed. [ISBN: 9780132146654]
- Salvatore, D. 2013, International Economics, 11th Ed. [ISBN: 1118177932]
- W. Charles Sawyer, Richard L. Sprinkle 2009, International economics, Pearson Prentice Hall Upper Saddle River, NJ [ISBN: 9780136054696]
| | This module does not have any article/paper resources |
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| Other Resources |
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- Website: The Economist
- Website: Central Statistics Office
- Website: Eurostat
- Website: Economic and Social Research Institute
- Website: OECD World Economic Outlook
- Website: IMF Economic Outlook
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Module Delivered in
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