Advanced International Trade I
| Code | School | Level | Credits | Semesters |
| ECON3006 | Economics | 3 | 20 | Autumn UK |
- Code
- ECON3006
- School
- Economics
- Level
- 3
- Credits
- 20
- Semesters
- Autumn UK
Summary
This module looks at trade policy, economic policy for trade and international factor mobility theory and evidence, trade policy and imperfect competition, trade and distortions, the political economy of protection and trade policy reform.
Target Students
Available for final year Undergraduate students on Economics degree programmes, including final year students on the BA Jt Hons Politics and Economics and BSc Jt Hons Maths and Economics degrees. Not available for Exchange students.
Classes
This module is delivered through a series of lectures and tutorials.
Assessment
- 25% Coursework: Group Coursework
- 75% Exam (2-hour): Exam
Assessed by end of autumn semester
Educational Aims
This module aims to provide a coherent theoretical framework that will give students a firm basis for the analysis of economic policy for trade and international factor mobility under competitive and incompetitive conditions and to show how that framework can be used to analyse and empirically estimate the costs and effects of trade policies.Objectives:To develop the partial equilibrium analysis of trade policy interventions, particularly of tariffs, quotas and export subsidiesTo outline the principles of optimal intervention analysisTo review a number of methods of estimating the impacts of trade policy interventions and to provide detailed discussion of the outcomes of selected empirical studiesTo introduce models of the political economy of protectionTo develop the principles for the design of efficient trade policy reformsTo study policy towards international factor mobility.The module aims to enable the participants to develop skills in reflection of understanding of material through tutorial questions.Learning Outcomes
On completion of the module students should:
- Demonstrate understanding of the various effects of trade policy interventions
- Be able to identify those groups that benefit and lose from a move from free to restricted trade
- Be able to explain and know how to quantify the efficiency and distributional effects of trade restrictions.
Emphasised learning outcomes from the study of this module:
Knowledge and Understanding:
- A2 Apply core economic theory and economic reasoning to applied topics.
Intellectual Skills:
- B1 Work with abstract concepts and in a context of generality.
Professional/Practical Skills:
- C1 Discuss and analyse government policy.
- C2 Understand the sources and content of economic data and evidence, as well as appropriate methods of analysis.
- C4 Understand the context in which a problem is to be addressed.
Transferable Skills:
- D1 Apply mathematical, statistical and graphical techniques in an appropriate manner.