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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

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 details

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 Details

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).

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