Issues in International Trade

Course aim

This course is designed to provide an understanding of why international trade takes place, what type of goods will be traded, and what are the costs and benefits of international trade. Trade policy issues, concerning both the choice of national policies and the role of regional or global institutions (such as WTO, IMF, OECD), will be analysed. This course also deals with the analysis of two important and related macroeconomics issues in open economies: the exchange rate and the capital flows.

Course content

International economic institutions since World War II; comparative advantage and the gains from trade; comparative advantage and factor endowments; the theory of tariffs and quotas; international trade and labor and environmental standards; trade and the balance of payments; exchange rates and exchange rate systems; an introduction to open economy macroeconomics; international financial crises; the European Union: many markets into one.

Textbook(s)

Gerber, J 2013, International economics: Pearson new international edition, 6th edn, Prentice Education Ltd., Upper Saddle River, NJ

Prerequisite(s)

Nil

Corequisite(s)

Nil

Teaching method

Component	Duration
INTERNAL, CITY WEST
Seminar	3 hours x 11 weeks
EXTERNAL, CITY WEST, ONLINE
External	N/A x 11 weeks

Note: These components may or may not be scheduled in every study period. Please refer to the timetable for further details.

Assessment

Examination, Individual Essay

Fees

EFTSL*: 0.125
Commonwealth Supported program (Band 3)
To determine the fee for this course as part of a Commonwealth Supported program, go to:
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Fee-paying program for domestic and international students
International students and students undertaking this course as part of a postgraduate fee paying program must refer to the relevant program home page to determine the cost for undertaking this course.

Non-award enrolment
Non-award tuition fees are set by the university. To determine the cost of this course, go to:
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Not all courses are available on all of the above bases, and students must check to ensure that they are permitted to enrol in a particular course.

* Equivalent Full Time Study Load. Please note: all EFTSL values are published and calculated at ten decimal places. Values are displayed to three decimal places for ease of interpretation.