Module code: 6ECON005W
Faculty: Westminster Business School
Credit Level: 6
Credit value: 20
Available to: Westminster Business School students only, however students on some courses are unable to choose Westminster Electives – see list of exemptions. Please note elective modules are subject to availability.
A knowledge of international economics is key to understanding the rapidly changing global economy. This module provides you with the analytical framework to explore the economics of international trade, investment and finance. You will gain an understanding of international specialisation, the role of key global institutions, the implications of protection for economic welfare, and the effect of various macroeconomic policies on international markets. Subjects covered during the module include classical, neo-classical and new trade theories, strategic trade theories, the World Trade Organisation and barriers to trade, international migration, foreign direct investment, exchange rate determination and balance of payments, and the international monetary system and the role of the International Monetary Fund.
By the time you complete the module, you will be able to evaluate different theoretical approaches in international economics and apply them to real-world situations, analyse international economic issues, and communicate insights into complex international economic issues to non-specialists. You will also be able to evaluate the impact of government policy and business strategy on global economic welfare, and analyse the role of the main international organisations in shaping the world economy.
The module will be delivered through a combination of weekly lectures, seminars, tutorials and workshops, assessment will be based on a 2,000-word policy report, and a closed-book exam.
This module will only be available from 2017/18 academic year.