|
 Academic Year: | 2016/7 |
| Owning Department/School: | Department of Economics |
| Credits: | 6 [equivalent to 12 CATS credits] |
| Notional Study Hours: | 120 |
| Level: | Intermediate (FHEQ level 5) |
| Period: |
|
| Assessment Summary: | EX 100% |
| Assessment Detail: |
|
| Supplementary Assessment: |
|
| Requisites: | Before taking this module you must take ES20011 AND take ES20013 |
| Description:
| Aims: To introduce theory and empirical research on open economies. Theory and empirical research tackle current issues relating to international trade and international monetary economics. This course unit can be studied as a self-contained module but it also forms a useful introduction to a more specialist stream in ES30034 International Monetary Economics and ES30033 International Trade in the final year of the degree programmes. Learning Outcomes: Students will have developed a fuller knowledge and understanding of the international economy. They will have acquired greater awareness of economic debates, especially as these relate to international economic policies. They will have learnt how to apply theory to international economic issues and how these issues are researched empirically. Skills: Students will become skilled in understanding and applying theory, and in understanding empirical research. This will be tested in a written examination. Content: The first part of the unit focuses on international trade. Topics include: the importance and pattern of international trade; determinants and welfare effects of international trade; instruments and effects of trade policy. The second part of the unit focuses on international monetary economics. Topics include: the determinants of exchange rates; output determination in an open economy; the effects of fiscal and monetary policy on the current account; the economic consequences of different currency regimes. |
| Programme availability: |
ES20020 is Optional on the following programmes:Department of Economics
|
Notes:
|