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ES30033: International trade

Follow this link for further information on academic years Academic Year: 2013/4
Further information on owning departmentsOwning Department/School: Department of Economics
Further information on credits Credits: 6
Further information on unit levels Level: Honours (FHEQ level 6)
Further information on teaching periods Period: Semester 1
Further information on unit assessment Assessment: CW 20%, EX 80%
Further information on supplementary assessment Supplementary Assessment: Reassessment not allowed
Further information on requisites Requisites: Before taking this unit you must take ES20011 and take ES20013 and (take ES20012 or take ES20020)
Further information on descriptions Description: Aims:
The aim of the Unit is to provide an economic perspective on issues relating to international trade.

Learning Outcomes:
The learning outcome is that, at the end of the course unit, students will understand the way in which economic theory can be applied to issues such as (i) why countries engage in international trade (ii) how the pattern of trade flow is determined (iii) why countries adopt trade restraints (iv) why countries join customs unions. Although the unit can be studied as a self-contained module, it forms part of a specialist stream in International Economics, with EC30027 International Monetary Economics.

Analytical skills are facilitated (i.e. skills of value beyond the subject matter), e.g. the use and evaluation of arguments, logical reasoning. Investigative (research) skills and skill in time management are facilitated. An enhanced understanding of economic analysis and skill in presentation is assessed.

After an introduction to basic concepts, the topics discussed will include: comparative advantage; the gains from trade; adjustment costs; the Heckscher-Ohlin-Samuelson model; the specific factors model; theories of intra-industry trade; the costs of protection, smuggling, trade taxes as a revenue source; the optimum tariff; export subsidies; international cartels, quotas and voluntary export restraint; international integration; multinational enterprises and the welfare effects of the international movement of factors of production.
Further information on programme availabilityProgramme availability:
NB. Postgraduate programme information will be added when the postgraduate catalogues are published in August 2013

ES30033 is Optional on the following programmes:

Department of Economics
  • UHES-AFB03 : BSc (hons) Economics (Full-time) - Year 3
  • UHES-AKB03 : BSc (hons) Economics (Full-time with Thick Sandwich Placement) - Year 4
  • UHES-AFB02 : BSc (hons) Economics and International Development (Full-time) - Year 3
  • UHES-AKB02 : BSc (hons) Economics and International Development (Full-time with Thick Sandwich Placement) - Year 4
  • UHES-AFB01 : BSc (hons) Economics and Politics (Full-time) - Year 3
  • UHES-AKB01 : BSc (hons) Economics and Politics (Full-time with Thick Sandwich Placement) - Year 4

* This unit catalogue is applicable for the 2013/14 academic year only. Students continuing their studies into 2014/15 and beyond should not assume that this unit will be available in future years in the format displayed here for 2013/14.
* Programmes and units are subject to change at any time, in accordance with normal University procedures.
* Availability of units will be subject to constraints such as staff availability, minimum and maximum group sizes, and timetabling factors as well as a student's ability to meet any pre-requisite rules.