Module Details

Module Code: ECON8003
Title: Economics International Trade
Long Title: Economics International Trade
NFQ Level: Advanced
Valid From: Semester 1 - 2022/23 ( September 2022 )
Duration: 1 Semester
Credits: 5
Field of Study: 3140 - Economics
Module Delivered in: 4 programme(s)
Module Description: This module analyses trade policy and the benefits and costs of international trade.
 
Learning Outcomes
On successful completion of this module the learner will be able to:
# Learning Outcome Description
LO1 Analyse key concepts in open economy macroeconomics.
LO2 Assess and apply the theory of international trade.
LO3 Analyse the economic consequences of trade protection measures.
LO4 Critically appraise exchange rate determination models.
LO5 Critically appraise how the international monetary system functions.
Dependencies
Module Recommendations

This is prior learning (or a practical skill) that is strongly recommended before enrolment in this module. You may enrol in this module if you have not acquired the recommended learning but you will have considerable difficulty in passing (i.e. achieving the learning outcomes of) the module. While the prior learning is expressed as named MTU module(s) it also allows for learning (in another module or modules) which is equivalent to the learning specified in the named module(s).
Incompatible Modules
These are modules which have learning outcomes that are too similar to the learning outcomes of this module. You may not earn additional credit for the same learning and therefore you may not enrol in this module if you have successfully completed any modules in the incompatible list.
No incompatible modules listed
Co-requisite Modules
No Co-requisite modules listed
Requirements

This is prior learning (or a practical skill) that is mandatory before enrolment in this module is allowed. You may not enrol on this module if you have not acquired the learning specified in this section.
Introduction to Macroeconomics
Principles of Economics
 
Indicative Content
Open Economy Macroeconomics
GDP, National Income, Balance of Payments, open and closed International economies.
Trade Theory
Law of Absolute and Comparative Advantage, Production Possibility Frontier, Heckscher-Ohlin Theory.
Trade Policy
Tariffs, Quotas, Subsidies, Trade agreements.
Foreign Exchange Market
Exchange Rate Determination, Mitigating against exchange rate risk, Purchasing Power Parity theory.
International Monetary Policy
Demand for and supply of money, Gold Standard, Bretton Woods agreement and the international economic climate.
Module Content & Assessment
Assessment Breakdown%
Coursework50.00%
End of Module Formal Examination50.00%

Assessments

Coursework
Assessment Type Project % of Total Mark 50
Timing Week 8 Learning Outcomes 1,2,3
Assessment Description
International Economics Project on trade and macroeconomic indicators
End of Module Formal Examination
Assessment Type Formal Exam % of Total Mark 50
Timing End-of-Semester Learning Outcomes 1,2,3,4,5
Assessment Description
End-of-Semester Final Examination
Reassessment Requirement
Repeat examination
Reassessment of this module will consist of a repeat examination. It is possible that there will also be a requirement to be reassessed in a coursework element.

The University reserves the right to alter the nature and timings of assessment

 

Module Workload

Workload: Full Time
Workload Type Contact Type Workload Description Frequency Average Weekly Learner Workload Hours
Lecture Contact Delivery of content and material underpinning learning outcomes Every Week 3.00 3
Independent & Directed Learning (Non-contact) Non Contact Student undertakes independent study including reading relevant course material Every Week 4.00 4
Total Hours 7.00
Total Weekly Learner Workload 7.00
Total Weekly Contact Hours 3.00
Workload: Part Time
Workload Type Contact Type Workload Description Frequency Average Weekly Learner Workload Hours
Lecture Contact Delivery of content and material underpinning learning outcomes Every Week 2.00 2
Independent & Directed Learning (Non-contact) Non Contact Student undertakes independent study including reading relevant course material Every Week 5.00 5
Total Hours 7.00
Total Weekly Learner Workload 7.00
Total Weekly Contact Hours 2.00
 
Module Resources
Recommended Book Resources
  • Stephen Husted & Michael Melvin. (2013), International Economics, 9th. Pearson, [ISBN: 9780321783868].
Supplementary Book Resources
  • Paul R. Krugman, Maurice Obstfeld, Marc Melitz,. (2015), International Economics, 10th. Addison-Wesley, [ISBN: 9780133423648].
  • Salvatore, D.. (2019), International Economics, 13th. Wiley, [ISBN: 9781119554].
  • Raworth,K. (2018), Doughnut Economics: seven ways to think like a 21st-century economist, Chelsea Green Publishing, [ISBN: 9781603587969].
  • Kelton, S. (2020), The Deficit Myth: Modern Monetary Theory and How to Build a Better Economy, Hachette, [ISBN: 9781529352528].
This module does not have any article/paper resources
Other Resources
 
Module Delivered in
Programme Code Programme Semester Delivery
CR_BBUSS_8 Bachelor of Business (Honours) 1 Elective
CR_BIBLA_8 Bachelor of Business (Honours) in International Business with Language 7 Mandatory
CR_BMRKT_8 Bachelor of Business (Honours) in Marketing 7 Elective
CR_BMNGT_7 Bachelor of Business in Management 3 Mandatory