Study-Unit Description

Study-Unit Description


CODE ECN3200

 
TITLE International Economics

 
LEVEL 03 - Years 2, 3, 4 in Modular Undergraduate Course

 
ECTS CREDITS 4

 
DEPARTMENT Economics

 
DESCRIPTION This study-unit presents international trade (micro) and international finance (macro) perspectives of international economics. It is divided into three areas, international trade theories, trade policy and international macroeconomic policy. The first area presents the Ricardian, Heckscher-Ohlin models, new trade theories, the rationale and impact of the international location of production processes and firms in the global economy. The second area deals with the instruments of trade policy and the controversies surrounding trade policy with a look at the role of the World Trade Organization. The third area deals with issues of exchange rates and international monetary systems.

Study-unit Aims:

The aim of the study-unit is to expand the analysis of micro and macro economics to the international arena, by focusing on trade and financial relationships across countries.

Learning Outcomes:

1. Knowledge & Understanding:

By the end of the study-unit the student will be able to:
- Identify the major theories surrounding different trade relationships across the globe;
- Explain the rationale for such trading relationships;
- Describe the role of finance in the way trade is conducted.

2. Skills:

By the end of the study-unit the student will be able to:
- Apply theoretical frameworks to existing trade between countries at different levels of development;
- Interpret trade data and trade trends from statistics issued by international institutions;
- Judge the efficacy of policies which aid or hinder the movement of goods, services, labour and capital across countries.

Main Text/s and any supplementary readings:

Main Textbook:

- Salvatore D. (latest edition) International Economics: Trade and Finance. John Wiley.

Supplementary Readings:

- Krugman P, Obstfeld M and Melitz M. (latest edition) International Economics: Theory and Policy. Pearson.
- Gerber J (latest edition) International Economics. Pearson.
- Irwin D. (1996) Against the Tide: An intellectual history of free trade. Princeton University Press.

Additional articles and other material as provided or suggested during the course of the study-unit.

 
ADDITIONAL NOTES Pre-requisite Qualifications: Micro and Macro Economics courses

 
STUDY-UNIT TYPE Lecture and Tutorial

 
METHOD OF ASSESSMENT
Assessment Component/s Assessment Due Resit Availability Weighting
Examination (2 Hours) SEM1 Yes 100%

 
LECTURER/S

 
The University makes every effort to ensure that the published Courses Plans, Programmes of Study and Study-Unit information are complete and up-to-date at the time of publication. The University reserves the right to make changes in case errors are detected after publication.
The availability of optional units may be subject to timetabling constraints.
Units not attracting a sufficient number of registrations may be withdrawn without notice.
It should be noted that all the information in the study-unit description above applies to the academic year 2018/9, if study-unit is available during this academic year, and may be subject to change in subsequent years.

https://www.um.edu.mt/course/studyunit