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ECON3071: INTERNATIONAL ECONOMICS

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Type	Open
Level	3
Credits	20
Availability	Available in 2023/24
Module Cap
Location	Durham
Department	Economics

Prerequisites

Macroeconomics (ECON2011) AND Microeconomics (ECON2021) OR Economic Theory (ECON2291)

Corequisites

None.

Excluded Combinations of Modules

None.

Aims

To provide, by building on the skills and knowledge from level 2, an understanding of traditional and modern theories of international trade and international finance. In addition, it seeks to provide students with the skills necessary to appreciate and discuss policy issues.

Content

Topics in international trade and international finance such as the following:
Ricardian Trade Theory
Heckscher-Ohlin Trade Theory
Gravity Models
Models of exchange rate determination
Currency Crises
Intertemporal approach to the current account
Globalisation
International Labour Migration

Learning Outcomes

Subject-specific Knowledge:

At the end of the module students should:
Understand knowledge of how well theories can explain actual trade and understand finance flows.
Understand positive and normative theories of international trade and international finance.
Enrich students engagement with a more equitable and sustainable world by addressing topics such as the sustainability of the current account.

Subject-specific Skills:

Be able to solve models of international trade and international finance.
Be able to apply international trade and finance theories to practical problems.

Key Skills:

Written Communication - through summative assessment.
Group work and presentation skills - though group presentation at seminars.
Planning, Organisation and Time Management - preparing for examinations.
Problem Solving and Analysis - e.g. by applying the necessary analytical and quantitative skills, as well as the ability to manipulate concepts in international trade and finance, in undertaking assessed work.
Numeracy - e.g. by applying core mathematical and statistical skills to answer a range of examination questions.

Modes of Teaching, Learning and Assessment and how these contribute to the learning outcomes of the module

Teaching is by lectures and seminars. Learning takes place through attendance at lectures, preparation for and participation in tutorial classes, and private study. Formative assessment to help perpare for online exam. Summative assessment is by means of an online examination and a written assignment.

Teaching Methods and Learning Hours

Activity	Number	Frequency	Duration	Total	Monitored
Lectures	10	1 every 2 weeks	2 hours	20
Revision Lecture	2	2 in term 2	1 hour	2
Seminars	8	4 in term 1, 4 in term 2	1 hour	8	Yes
Preparation and Reading				170
Total				200

Summative Assessment

Component: Assignment		Component Weighting: 25%
Element	Length / Duration	Element Weighting	Resit Opportunity
One written assignment	1500 words	100	Same

Component: Examination		Component Weighting: 75%
Element	Length / Duration	Element Weighting	Resit Opportunity
One written online examination	2 hours 3,000 words	100	Same

Formative Assessment

One written piece of work to prepare students for the summative assessment.

More information

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