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ES20020: International economics

Follow this link for further information on academic years Academic Year: 2014/5
Further information on owning departmentsOwning Department/School: Department of Economics
Further information on credits Credits: 6
Further information on unit levels Level: Intermediate (FHEQ level 5)
Further information on teaching periods Period: Semester 2
Further information on unit assessment Assessment Summary: EX 100%
Further information on unit assessment Assessment Detail:
  • Examination (EX 100%)
Further information on supplementary assessment Supplementary Assessment: ES20020 Resit Examination (where allowed by programme regulations)
Further information on requisites Requisites: Before taking this unit you must take ES20011 and take ES20013
Further information on descriptions Description: Aims:
To introduce theory and empirical research on open economies. Theory and empirical research tackle current issues relating to international trade and international monetary economics.
This course unit can be studied as a self-contained module but it also forms a useful introduction to a more specialist stream in ES30034 International Monetary Economics and ES30033 International Trade in the final year of the degree programmes.

Learning Outcomes:
Students will have developed a fuller knowledge and understanding of the international economy. They will have acquired greater awareness of economic debates, especially as these relate to international economic policies. They will have learnt how to apply theory to international economic issues and how these issues are researched empirically.

Students will become skilled in understanding and applying theory, and in understanding empirical research. This will be tested in a written examination.

The first part of the unit focuses on international trade. Topics include: the importance and pattern of international trade; determinants and welfare effects of international trade; instruments and effects of trade policy.
The second part of the unit focuses on international monetary economics. Topics include: the determinants of exchange rates; output determination in an open economy; the effects of fiscal and monetary policy on the current account; the economic consequences of different currency regimes.
Key text: Krugman, P. R, M. Obstfeld and M. Melitz (2014) International Economics (10th edition).
Further information on programme availabilityProgramme availability:

ES20020 is Compulsory on the following programmes:

Department of Economics
  • UHES-AFB02 : BSc(Hons) Economics and International Development (Year 2)
  • UHES-AKB02 : BSc(Hons) Economics and International Development with Year long work placement (Year 2)

ES20020 is Optional on the following programmes:

Department of Economics
  • UHES-AFB03 : BSc(Hons) Economics (Year 2)
  • UHES-AKB03 : BSc(Hons) Economics with Year long work placement (Year 2)
  • UHES-AFB01 : BSc(Hons) Economics and Politics (Year 2)
  • UHES-AKB01 : BSc(Hons) Economics and Politics with Year long work placement (Year 2)

* This unit catalogue is applicable for the 2014/15 academic year only. Students continuing their studies into 2015/16 and beyond should not assume that this unit will be available in future years in the format displayed here for 2014/15.
* 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.