2017/18 Undergraduate Module Catalogue

LUBS3010 International Trade

10 creditsClass Size: 136

Module manager: Anindita Chakrabarti
Email: a.chakrabarti@leeds.ac.uk

Taught: Semester 2 (Jan to Jun) View Timetable

Year running 2017/18

Pre-requisites

LUBS2140	Intermediate Microeconomics
LUBS2610	Intermediate Macroeconomics

This module is not approved as a discovery module

Module summary

This module introduces you to a wide range of different theories of international trade and trade policies. It shows you the theoretical costs and benefits of international trade and trade liberalisation. It will particularly introduce you to the potential difficulties developing countries might face in the international trade arena. The module will then apply these different theories to current empirical evidence and discussions in international trade. In the discussion particular emphasis is placed on developing countries, their structural characteristics and the role of international trade as development instrument.

Objectives

This module aims to introduce students to the main issues related to international trade both in terms of theory and empirics. It aims to provide students with a thorough understanding of existing trade theories and aim to show them how these theories can be used to evaluate the costs and benefits of free trade and trade liberalisation. The module also introduces students to the main topics in international trade policy, both on the national and international level.

Learning outcomes
Upon completion of this module, students will be able to interpret and outline:
- existing trade theories
- the advantages and disadvantage of free trade and trade liberalization, particularly in the context of developing countries
- the most important trade policies and trade policy instruments

Skills outcomes
Upon completion of this module, students will be able to:
Transferable
- Engage critically with a wide range of different ideas and practices and formulate recommendations based on these ideas

Subject specific
- Apply their understanding of existing trade theories and policies to current issues and policy discussions in international economics

Syllabus

Indicative content
Overview of existing trade theories and trade policies. The topics covered include (i) classical and neoclassical trade theories; (ii) new trade theories; (iii) structuralist and Marxist approaches to trade; (iv) the costs and benefits of free trade and trade liberalization; (v) the corresponding trade policies, particularly in the context of developing countries; (vi) the empirical evidence on the link between trade, growth, poverty and income distribution; (vii) a short discussion on the link between the trade balance and the exchange rate.

Teaching methods

Delivery type	Number	Length hours	Student hours
Workshop	4	1.00	4.00
Lecture	11	1.00	11.00
Private study hours			85.00
Total Contact hours			15.00
Total hours (100hr per 10 credits)			100.00

Private study

For each 10 credits of study taken, the expectation is that the normal study time (including attendance at lectures and tutorials, self-study and revision) is 100 hours.

Opportunities for Formative Feedback

Completion of:
(a) Voluntary essay(s);
(b) Presentation at one of four workshops.

Methods of assessment

Exams

Exam type	Exam duration	% of formal assessment
Standard exam (closed essays, MCQs etc)	2 hr 00 mins	100.00
Total percentage (Assessment Exams)		100.00

The resit for this module will be 100% by examination.

Reading list

The reading list is available from the Library website

Last updated: 09/04/2018

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