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ES20020: International economics

[Page last updated: 23 October 2023]

Academic Year: 2023/24
Owning Department/School: Department of Economics
Credits: 6 [equivalent to 12 CATS credits]
Notional Study Hours: 120
Level: Intermediate (FHEQ level 5)
Period:
Semester 1
Assessment Summary: EX 100%
Assessment Detail:
  • Examination (EX 100%)
Supplementary Assessment:
ES20020 Resit Examination (where allowed by programme regulations)
Requisites: While taking this module you must take ES20011 AND take ES20013
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.


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.

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

Content: 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.

Course availability:

ES20020 is Optional on the following courses:

Department of Economics
  • UHES-AFB03 : BSc(Hons) Economics (Year 2)
  • UHES-AAB03 : BSc(Hons) Economics with Study year abroad (Year 2)
  • UHES-AKB03 : BSc(Hons) Economics with Year long work placement (Year 2)
  • UHES-AFB01 : BSc(Hons) Economics and Politics (Year 2)
  • UHES-AAB01 : BSc(Hons) Economics and Politics with Study year abroad (Year 2)
  • UHES-AKB01 : BSc(Hons) Economics and Politics with Year long work placement (Year 2)
  • UHES-ACB01 : BSc(Hons) Economics and Politics with Combined Placement and Study Abroad (Year 2)
  • UHES-ACB03 : BSc(Hons) Economics with Combined Placement and Study Abroad (Year 2)

Notes:

  • This unit catalogue is applicable for the 2023/24 academic year only. Students continuing their studies into 2024/25 and beyond should not assume that this unit will be available in future years in the format displayed here for 2023/24.
  • Courses and units are subject to change 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.
  • Find out more about these and other important University terms and conditions here.