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Department of Economics

International Economics (Diploma)

Course Code:
Unit value:
Taught in:
Full Year
This course covers theoretical, empirical and policy issues relating to international trade and development. It includes standard trade theory as well as new, more recent theories of international trade. The emphasis is on evaluating the relevance of both standard and new trade theories for developing countries. Trade policy issues in developing countries such as protectionism and trade liberalisation are dealt with in detail. Issues relating to trade and crises in developing countries (including the East Asian Crisis) are also covered.

Objectives and learning outcomes of the course

The course aims to provide students with an understanding of theories of international trade and of empirical research on trade issues. A key objective is to equip students with the skills and knowledge required to critically assess both older and more recent theories of international trade. In addition, it aims to provide them with the analytical tools to evaluate empirical research on trade issues. Given that the focus of the course is on international trade and developing countries, it also aims to enable students to evaluate the relevance of theoretical, empirical and policy-related material on international trade for developing countries.

Method of assessment

Assessment weighting: Exam 80%, coursework 20%. Resubmission of coursework regulations do not apply to this course.