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2022/23 Undergraduate Module Catalogue

LUBS2401 International Economics

10 creditsClass Size: 240

Module manager: Peter Phelps

Taught: Semester 1 (Sep to Jan) View Timetable

Year running 2022/23


LUBS2140Intermediate Microeconomics
LUBS2610Intermediate Macroeconomics

This module is mutually exclusive with

LUBS2400The International Economic Environment

This module is not approved as a discovery module

Module summary

This module introduces you to microeconomic and macroeconomic issues in international economics. You will be introduced to key concepts in international trade and the models that underline our understanding of trade. It will show you the theoretical and empirical costs and benefits of international trade and trade liberalisation. It will introduce you to some fundamental issues relating to the exchange rate and considers the important concepts, theories and policies that relate to the financial side of an open economy. Finally, you will be introduced to the key international organisations and institutions.


This module aims to introduce students to some of the main issues related to international economics. It aims to provide students with a thorough understanding of the concepts and theories involved in international economics and aims to show how these theories can be used to evaluate the costs and benefits of international integration. The module aims to consider both microeconomic and macroeconomic dimensions of international economics.

Learning outcomes
Upon completion of this module, students will be able to:
- demonstrate critical understanding of international concepts, theories and policy instruments including issues related to exchange rates and international capital flows.
- evaluate the reasons for and the impact of international organisations and institutions, free trade and trade liberalisation.
- engage critically with a wide range of different ideas and practices to formulate recommendations based on these ideas.

Skills outcomes
Subject Specific
Upon completion of this module, students will be able to:
- Apply their understanding of international economic theories and policies to current issues and policy discussions in international economics.


Indicative content:
Absolute advantage, comparative advantage and the gains from trade; Heckscher Ohlin model; gravity model of trade; trade policy under perfect competition; critical trade theories and trade policy; balance of payments and exchange rates; purchasing power parity and interest parity; theories of capital flows; and international organisations and institutions.

Teaching methods

Delivery typeNumberLength hoursStudent hours
Private study hours84.00
Total Contact hours16.00
Total hours (100hr per 10 credits)100.00

Private study

Students will be required to engage with the lecture and tutorial material with a view to them engaging in debates and discussions during seminars.

Opportunities for Formative Feedback

Your teaching methods could include a variety of delivery models, such as face-to-face teaching, live webinars, discussion boards and other interactive activities. There will be opportunities for formative feedback throughout the module.

Methods of assessment

Assessment typeNotes% of formal assessment
Essay3,000 words100.00
Total percentage (Assessment Coursework)100.00

The resit for this module will be 100% by 3,000 word coursework.

Reading list

The reading list is available from the Library website

Last updated: 16/05/2022


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