The module will cover the factors underlying the movement of flows of goods and services, people and capital across borders.
Aims and Objectives
Having successfully completed this module you will be able to:
- Understand where and why the state-of-the-art is in international trade;
- Formulate and approximately solve equilibrium trade models;
- Interpret and evaluate the results of econometric analysis in a range of contexts.
- Understand the strengths and weakness of different types of trade data;
- Formulate theoretical conjectures in terms of appropriate statistical models for estimation and testing
The topics to be covered include:
- Comparative advantage and the gains from trade; theories of comparative advantage;
- Factor price equalisation and the relationship between relative prices and factor prices;
- Factor endowments, the international location of production and patterns of international trade;
- Trade policy, and its implications for the movement of people and capital.
Learning and Teaching
Teaching and learning methods
The lectures will develop the theoretical content and its application, setting some time aside for applying the concepts and methods covered to current problems.
|Total study time||100|
Resources & Reading list
Other. There is no single textbook suitable for this course. Full details of references to textbooks and_x000D_ journal articles or working papers will be provided at the beginning of the course. Detailed course information is available through Blackboard.
Assessment in this module will be in form of one coursework in form of a problem set during the semester to be solved in groups (10% of the final mark), continuous successful participation in activities (such as quizzes, discussions, problem solving) in the lectures (10%) and an end of semester take-home assignment (80%). This will be accompanied by continuous formative assessment. This will be accompanied by continuous formative assessment in form of problem sets. This is the same for internal repeat. Assessment for external repeat and referral is through end of semester take-home assignment only.
This is how we’ll formally assess what you have learned in this module.
This is how we’ll assess you if you don’t meet the criteria to pass this module.
An internal repeat is where you take all of your modules again, including any you passed. An external repeat is where you only re-take the modules you failed.
Repeat type: Internal & External