Description
This subject exposes students to the theory of international trade, the theory and practice of commercial policy and the theory of open-economy macroeconomics and how they are related to regional development. Students will learn the motives for countries or organizations to restrict or regulate international trade and study the effects … For more content click the Read More button below.
Other Requirements
Text Requisites
Learning Outcomes
Upon completion of this subject, graduates will be able to:
1.
Compare the major models of international trade and distinguish between them in terms of their assumptions and economic implications
2.
Describe the principle of comparative advantage and interpret it within different theoretical models
3.
Evaluate international economics theories and apply these to a range of policy debates
4.
Analyse and evaluate the main arguments for trade protection and free trade policies
5.
Identify the linkages between trade, labour and capital movements and their impact on the economic well-being
6.
Research and comment on the major recent developments in the world trading system and their effects on individual economies
Assessments
1. Written - Test/Quiz
2. Oral - Presentation – in-class
3. Written - Examination (centrally administered)
Offerings
Trimester 2
CAM-SIN-TR2
Learning Activities
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