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International Economics, 7.5 Higher education credits

Internationell ekonomi, 7,5 Högskolepoäng

Established: 2023-06-07

Established by: School of Business, Economics and IT

Applies from: H24

Learning outcomes

On completion of the course, the student will be able to:

Knowledge and understanding

• describe key theories related to international trade, their assumptions, strengths and weaknesses
• explain the impact of free trade on various economic groups: consumers, resource suppliers, exporters, importers and the state
• identify externalities related to international trade
• characterize different ways how countries try to protect domestic market from import or stimulate export
• discuss the impact of international trade on national balance of payments
• explain motivations for establishing multinational enterprises, capital and labour migration
• discuss key factors that determine foreign exchange rates and governmental policies towards foreign exchange
• describe the role of multinational agreements on international trade and the role of WTO

Skills and abilities

• retrieve information about international trade from publicly available sources
• analyse the impact of a decision on opening economy to foreign trade using graphs and perform respective calculations
• analyse the impact of a decision on imposing tariffs, other barriers or policies related to trade using graphs and perform respective calculations

Judgment and approach

• assess proposed foreign trade policies for sustainable growth
• discuss consequences of foreign trade policies for economic welfare of various economic groups.

Entry requirements

General entry requirements

You also need: English 6, Mathematics 2a or Mathematics 2b or Mathematics 2c, Social Studies 1b or Social Studies 1a1 +1a2

The forms of assessment of student performance

Individual written exam on campus.

If a student has not demonstrated that they have attained the intended learning outcomes, but is close to doing so, the examiner can give them the opportunity to revise/supplement the first exam to meet the criteria for passing. Revising/supplementing an exam should be suited to the particular situation, based upon?the intended learning outcome(s) that the student did not attain and should be submitted within two weeks after the student has been informed of the result and before the next time the exam is offered.

Course contents

The objective of the course is to familiarise students with the specificity of international economics. Students will learn basic theories why do countries engage in exchange of goods, why do they specialise in certain products, how does it affect different economic groups, how countries try to protect interests of particular groups and how does it affect their growth. The course also addresses problems related to international movement of capital and labour and their impact on foreign exchange rates and balance of payments. This understanding will be useful in further analyses of public policies and advanced courses both in economics and politics majors.

Other regulations

Course grading: F/Fx/E/D/C/B/A - Insufficient, Insufficient- more work required before the credit can be awarded, Sufficient, Satisfactory, Good, Very Good, Excellent

Course language: The teaching is conducted in English.

General rules pertaining to examination at University West are available at www.hv.se.

If the student has a decision/recommendation on special support due to disability, the examiner has the right to examine the student in a customized examination form.

Course Overlap

INE100

Cycle

First cycle

Progressive specialization

G1N - first cycle, has only upper-secondary level entry requirements

Main field of study

Economics