ECG9121

Economics of international trade ( 6 points, SCA Band 2, 0.125 EFTSL)

Leader: To be advised

Offered:
Not offered in 2006.

Synopsis: The pure theory of international trade including the concept of bases for trade and gains from trade, the impact of trade on income distribution and the impact of economic growth on changes in trade. Trade policy matters, including tariffs, quotas, subsidies, import discrimination and other national policies affecting trade. The mechanisms of the foreign exchange market. Determination of exchange rates, the balance of payments, modern foreign exchange policies and the threat of unstable exchange rates, international lending and the world debt crisis.

Assessment: Assignment work 30% + Examination 70%

Prerequisites: ECG9102 and ECG9120