Unit information: International Economics in 2021/22

Unit name	International Economics
Unit code	ECON30074
Credit points	20
Level of study	H/6
Teaching block(s)	Teaching Block 1 (weeks 1 - 12)
Unit director	Dr. Correia
Open unit status	Not open
Pre-requisites	EFIM20033 Intermediate Microeconomics AND EFIM20034 Intermediate Macroeconomics AND EFIM20011 Econometrics 1 OR EFIM20038 Microeconomic Analysis AND EFIM20037 Macroeconomic Analysis AND EFIM20010 Applied Quantitative Research Methods OR EFIM20038 Microeconomic Analysis AND EFIM20037 Macroeconomic Analysis AND EFIM20041 Quantitative Methods for Finance 1
Co-requisites	None
School/department	School of Economics
Faculty	Faculty of Social Sciences and Law

Description including Unit Aims

The unit explains the macro- and micro-economic implications of an economy being part of an international economy.

In the first part it explores theories of why we observe the movements in foreign exchange rates that we do; why such movements can be volatile; why there have been many currency crises in recent years; how government macroeconomic policy operates in an international setting; when countries might join a currency union.

In the second part it explores classical and modern theories of why international trade occurs; does it benefit everyone; does it exploit poor countries; will the growth of Asian economies harm the UK economy; what should government policy towards international trade be.

Intended Learning Outcomes

• To increase student understanding of why international trade occurs

• To increase student awareness of the characteristics of trade patterns

• To increase student understanding of how exchange rates are determined

• To increase student understanding of why trade occurs and how it affects the distribution of income within an economy
  
• Generally to increase student understanding of how an economy’s macroeconomic policy and performance are affected by developments in the international economy

• To increase student understanding of why governments adopt the trade policies they do and of what policies they should adopt.

Teaching Information

Teaching will be delivered through a combination of synchronous and asynchronous sessions such as online teaching for large and small group, face-to-face small group classes (where possible) and interactive learning activities

Assessment Information

2-hour examination (100%)

Resources

If this unit has a Resource List, you will normally find a link to it in the Blackboard area for the unit. Sometimes there will be a separate link for each weekly topic.

If you are unable to access a list through Blackboard, you can also find it via the Resource Lists homepage. Search for the list by the unit name or code (e.g. ECON30074).

How much time the unit requires
Each credit equates to 10 hours of total student input. For example a 20 credit unit will take you 200 hours of study to complete. Your total learning time is made up of contact time, directed learning tasks, independent learning and assessment activity.

See the Faculty workload statement relating to this unit for more information.

Assessment
The Board of Examiners will consider all cases where students have failed or not completed the assessments required for credit. The Board considers each student's outcomes across all the units which contribute to each year's programme of study. If you have self-certificated your absence from an assessment, you will normally be required to complete it the next time it runs (this is usually in the next assessment period).
The Board of Examiners will take into account any extenuating circumstances and operates within the Regulations and Code of Practice for Taught Programmes.