International Trade and Investment

Key information

Start date
End date
Year of study
Year 2 or Year 3
Term 2
Module code
FHEQ Level
Department of Economics

Module overview

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

AS1 - 25% / AS2 - 25% / AS3 - 50%


Suggested reading



Important notice regarding changes to programmes and modules