(Revised November 2002)
Code: UPEN4F-15-M Title: International Trade Version: 1
Level: M UWE credit rating: 15 ECTS
credit rating: 7.5
Module type: Standard
Owning Faculty: HLSS Field: Economics
Valid from: September 2004 Discontinued from:
Pre-requisites: None
Co-requisites: None
Excluded combinations: None
Learning outcomes:
At
the end of the module, you should be able to:
§
Illustrate a critical understanding traditional
trade theory (components A & B)
§
Appraise critically the implications and extensions
of traditional trade models (components A & B)
§
Demonstrate clearly an appreciation of the
estimation procedures in traditional trade models (components A & B)
§
Critically evaluate the role of technical change
from a trade perspective and the implications of technical change on employment
and wages prospects (component A)
§
Critically evaluate the influence of differences in
human capital in export quantities and export earnings from a theoretical
perspective using empirical evidence to support claims (components A & B)
§
Demonstrate a critical understanding of the effects
of technology, human capital and comparative advantage on output between
countries of different levels of economic development (components A & B)
§
Evaluate critically the constraints affecting human
capital formation and the impacts of differences in human capital on output
(component A)
§
Analyse critically the effects of trade on income
inequality and the effects of income inequality on trade (components A & B)
Syllabus outline:
·
Trade Theory: Comparative Advantage.
·
Trade and technology: Dynamic Comparative Advantage.
·
Trade under Imperfect Competition.
·
Protectionism.
·
Growth, Trade Liberalisation and technology transfer.
·
Trade and Growth.
·
Export Earnings Instability: Theories and Policies.
·
Trade and income inequality.
Teaching and learning
methods:
A variety of teaching
methods will be employed throughout the course. Information will be
disseminated in a formal lecture section of each session. This will be
followed by discussions of relevant recently published journal articles in
which students will be encouraged to actively participate. Group reporting on
case study material, discussions of case study material, presentations and
formal debates will also be employed throughout the course.
Indicative sources:
Bardhan, P., 2003, International Trade, Growth and Development,
Blackwell, Oxford
Borkakoti, J., 1998, International Trade: Causes and Consequences,
Macmillan Press, London
Bowen, H. P., Hollander, A. and Viaene,
J-M., 1998, Applied International Trade
Analysis, Macmillan,
London
Choi, E. K. and Greenaway, D., 2001, Globalisation
and Labor Markets, Blackwell, Oxford
Choi, E. K. and Jensen, B. S.,
1999, Economic Growth and International
Trade, Blackwell, Oxford
Husted, S. and Melvin, M., 2004, International Economics (6th
edition), Pearson, London
Ingham, B., 2004, International Economics: A European Focus,
Prentice Hall, Harlow, England
Irwin, D. A., 1996, Against the Tide: An Intellectual History of Free Trade, Princeton
University Press, New Jersy
Krugman, P.R. and Obstfeld, M., 2000, International
Economics. Theory and Policy (5th edition), Addison-Wesley, Harlow, England
Lawler, K. and Seddighi,
H., 2001, International Economics.
Theories, Policies and Debates, Prentice Hall
Students
will be expected to draw upon current journal articles from:
American Economic Review
Brookings Papers on
Economic Activity
Economic Journal
European Economic Review
Journal of Development
Economics
Journal of Economic
Perspectives
Journal
of Economic Surveys
Journal of International
Economics
Journal of International
Trade
Review of Economic Studies
Review of International
Economics
Assessment
Weighting between
components A and B (standard modules only) A: 50% B:
50%
ATTEMPT 1
First Assessment
Opportunity
Component A
Description of each element Element
weighting
1. Unseen
exam, 2 hours 50%
Component B
Description of each element Element
weighting
1. Individual
coursework assignment of up to 2000 words 50%
Second Assessment
Opportunity (further attendance at taught classes is not required)
Component A
Description of each element Element
weighting
1. Unseen
exam, 2 hours 50%
Component B
Description of each element Element
weighting
1. Individual
coursework assignment of up to 2000 words 50%
SECOND (OR SUBSEQUENT)
ATTEMPT: Attendance at taught classes is not required.
Specification confirmed
by
Module approved at VARSC 13.05.04.
Date
(Associate Dean/Programme
Director)