International Trade and Investment
- Start date
- End date
- Year of study
- Year 2 or Year 3
- Term 2
- Module code
- FHEQ Level
- Department of Economics
This module provides a critical overview of theoretical, empirical and policy issues relating to international trade and investment. It provides an introduction to the main theories of international trade, including standard neoclassical free trade approaches and more recent theories addressing imperfect competition, economies of scale, national competitiveness issues, and managed trade. It also discusses topics in international trade such as the effects of trade on income distribution and poverty, the debate about import substitution and trade protection, and alternative approaches to trade policy. Moreover, it analyses drivers of international factor movements, foreign direct investment, and the role of multinational corporations.
Objectives and learning outcomes of the module
Upon successful completion of this module a student will be able to:
- Have a good conceptual understanding of the key concepts and practical applications of both international trade and investment.
- Outline the development of trade theory historically, differentiating standard classical and orthodox trade theories.
- Analyse the links between trade, international investment, economic growth and globalisation, with a particular emphasis on the experiences of developing countries.
- Critically comment on and participate in current debates on international economic policy.
Method of assessment
- 50% essay
- 25% mid-term assignment
- 25% end of term assignment