EC931: International Trade

Introduction

The module surveys key concepts and empirical findings from the economics literature on international trade and international economic relations more generally. Students will gain familiarity with analytical tools that can be applied to the interpretation and the evaluation of international trade policies and international economic institutions.

Principal Aims

These lectures will survey the theoretical literature on international trade and international economic relations more generally.

Principal Learning Outcomes

Subject Knowledge and Understanding:...demonstrate familiarity with trade-related laws and institutions (such as the WTO), and an understanding of their functions and roles – in light of the theoretical concepts and empirical evidence presented in the module. The teaching and learning methods that enable students to achieve this learning outcome are: Lectures, independent study. The summative assessment methods that measure the achievement of this learning outcome are: Examination.

Subject Knowledge and Understanding:...demonstrate an understanding of the historical evolution of debates around international trade and trade policies. The teaching and learning methods that enable students to achieve this learning outcome are: Lectures, independent study. The summative assessment methods that measure the achievement of this learning outcome are: Examination.

Subject Knowledge and Understanding:...demonstrate an understanding of relevant theoretical concepts, including: terms of trade, comparative advantage, trade protection and trade barriers, trade-induced rationalisation and variety effects, trade liberalisation and cooperation. The teaching and learning methods that enable students to achieve this learning outcome are: Lectures, independent study. The summative assessment methods that measure the achievement of this learning outcome are: Examination.

Subject Knowledge and Understanding:...demonstrate knowledge of empirical evidence about the structure of international trade flows (in relation to their composition, their geographical patterns, their historical evolution, etc). The teaching and learning methods that enable students to achieve this learning outcome are: Lectures, independent study. The summative assessment methods that measure the achievement of this learning outcome are: Examination.

Syllabus

Context

Optional Module

L1P6 - Year 1, L1P7 - Year 1, L1I1 - Year 1, LN1J - Year 1

Pre or Co-requisites

The module demands knowledge of undergraduate-level microeconomic principles and mathematical methods.

Assessment

Assessment Method

Centrally-timetabled examination (On-campus) (100%)

Coursework Details

Centrally-timetabled examination (On-campus) (100%)

Exam Timing

May

Exam Rubric

Time Allowed: 2 Hours

Read all instructions carefully - and read through the entire paper at least once before you start entering your answers.

There is ONE section in this paper. Answer TWO questions (50 marks each).

Use a SEPARATE GREEN booklet for each question.

You must write the number(s) of the question(s) you have answered on the front cover of each booklet. Make sure the numbers are clearly visible and correspond to the questions you completed inside that booklet.

Do not submit answers to more than the required number of questions. If you do, only the first answers (in the order they appear) will be marked, up to the required number for each section.

Approved scientific (non-graphical) pocket calculators are allowed.

Previous exam papers can be found in the University’s past papers archive. Please note that previous exam papers may not have operated under the same exam rubric or assessment weightings as those for the current academic year. The content of past papers may also be different.

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