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Last modified: 22 May 2019 17:07

Course Overview

This course will offer an in-depth analysis of the key theories of international trade and investment and international macroeconomics. At the end of the course students will be able to identify the major tendencies characterising the global economy – such as the geographical fragmentation of the vertical production chain and offshoring – and their implications for international specialisation, employment and welfare. Students will also be able to understand and assess the effects of trade and macroeconomic policies and the functioning of multilateral trading system on countries’ position in the world economy and on firms’ internationalisation decisions.

Course Details

Study Type Undergraduate Level 3
Session First Sub Session Credit Points 30 credits (15 ECTS credits)
Campus None. Sustained Study No
  • Professor Catia Montagna

Qualification Prerequisites

  • Either Programme Level 3 or Programme Level 4

What courses & programmes must have been taken before this course?

What other courses must be taken with this course?


What courses cannot be taken with this course?


Are there a limited number of places available?


Course Description

This course covers both international trade and international money.

The first part of the course analyses international trade flows in perfectly competitive markets based on differences in technology (classical trade) or factor abundance (neoclassical trade), including the distributional and welfare implications of trade policy. The analysis of international trade then continues by investigating the impact of imperfect competition, economies of scale and product differentiation (new trade), including strategic trade policy. Selected aspects of applied trade policy are also investigated.
The second part of the course begins by reviewing basic concepts in international money and then overviews various exchange rate theories, including the Dornbusch overshooting model. The analysis of international money then continues by examining the policy framework ? looking at the objectives, targets and instruments of international monetary policy, including target zones and financial crises.

Further Information & Notes

This course runs every two years

Contact Teaching Time

Information on contact teaching time is available from the course guide.

Teaching Breakdown

More Information about Week Numbers

Details, including assessments, may be subject to change until 31 August 2023 for 1st half-session courses and 22 December 2023 for 2nd half-session courses.

Summative Assessments

1st Attempt: 1 three-hour examination (80%); continuous assessment (20%) consisting of a graded tutorial presentation (10%) and an essay (10%, maximum word count 2,000).

Resit: 1 three-hour written examination (100%).

Formative Assessment

This will take place via tutorial discussions and through verbal feedback on the presentation which is then written up to form the essay.


Feedback is given on the presentation and the essay. Oral feedback is given on the tutorial presentation.

On a less formal basis, via verbal feedback during tutorial discussions, and after tutorial presentations. Presentation slides and notes are submitted through Turn It In and are available to the external examiner.

Course Learning Outcomes


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