international economic relations ModuleHandbookFinal1.docx

international economic relations ModuleHandbookFinal1.docx

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internationaleconomicrelationsModuleHandbookFinal1

MANAGEMENTSCHOOL

LearningtoMakeaDifference

MODULEHANDBOOK

ECON354

InternationalEconomicRelations

Semester1

2013/2014

InstantFeedbackFacility（IFF）

Wewanttohearfromourstudents.Ifyouhaveanycommentorsuggestiononanyaspectofthismodule（oranymodule）pleasesenditto:

ulmsenq@liv.ac.uk.Makesurethatyouclearlymarkyoure-mailmessage"IFF-InstantFeedbackFacility"

1.Moduleinformation

ECON354InternationalEconomicRelations（creditvalue:

15credits）

ThismodulerequiresECON254orequivalentasapre-requisite.Ifindoubt,seekadvicefromthemoduleleader

2.ModuleLeaderandContactDetails

Moduleleader:

Dr.ShaliniMitra

Email:

shallene@liv.ac.uk

Tel:

01517953539

Office:

SE20,secondfloorintheManagementSchool

Officehours:

Friday2-4PM.

Modulestaff:

EugeniaShevtsova

Email:

Tel:

Office:

Officehours:

3.ModuleObjectives

Theaimofthismoduleistoprovideadetailedcoverageofthenatureanddeterminantsofthepatternofworldtradeandfinancial,capitalandlabourflows.Themodulealsoaimstoprovidestudentswithacriticalappreciationofwhyconflictsarisebetweennationsduetointernationaleconomicactivityandwhatpolicyoptionsaremostappropriateforcountriesbothindividuallyandcooperativelytoadopt. Throughoutthemoduleemphasiswillbeplacedupontheroleoftheoryinenhancingunderstandingofthekeyissuesininternationaleconomicrelations.

4.LearningOutcomes

Onsuccessfulcompletionofthismodulestudentswillbeableto

∙Explainwhycountriesgainfromtradeandwhatpatternoftradeflowsexistusingstandardtheory

∙Explainwhycountriesengageintradeprotectionandtheconsequencesofsuchprotection

∙Explainhowkeyflowsofgoods,services,moneyandphysicalcapitalarevalued

∙Explainthereasonswhytradeblocsareformedandtheircostsandbenefits

∙Explainwhyconflictsariseintheareasoflabourmigrationandenvironmentalpollutionandthepolicyresponseswhichmaybeusedtocorrectsuchproblems

∙Explainthecausesandconsequencesoffinancialcrisesandhowfinancialcontagioncanspreadfromonecountrytoanother

∙Explainthelinksbetweentradeandcapitalflowsandeconomicdevelopment

∙ExplainwhyChinaandIndiahavebecomerapidlydevelopingcountriesandtheeconomicandpoliticalsignificanceoftheirrapideconomicgrowth

5.TransferrableSkills

TheManagementSchoolhasidentifiedasetofkeyskillswhichitexpectsitsstudentstodevelopthroughouttheirstudies.Theseareskillswhichareactivelysoughtbyemployersandwhichtogetherformthe“ULMSGraduate”.

Thismodulehelpsstudentstodevelopthefollowingskills:

SKILL

TAUGHT

ASSESSED

OTHERINFORMATION

Problemsolvingskills

courseworkandexam

Numeracy

courseworkandexam

Commercialawareness

courseworkandexam

Communicationskills

exam

ITskills

coursework

Internationalawareness

courseworkandexam

Lifelonglearningskills

Abilitytocriticallyappraisetheworkofothers

Ethicalawareness

courseworkandexam

ForfurtherinformationabouttheULMSGraduateandanexplanationofwhatweexpectourstudentstodevelopinrelationtoeachskill,pleaseseeappendixAattheendofthishandbook.

6.TeachingandLearningStrategies

Thismodulewillbedeliveredbyacombinationoflecturesandseminars.Lectureswillbedesignedtoprovideessentialinformationandintroducestudentstothebasictoolsofanalysis,includingsomebasicpracticeinapplyingthetechniques.Weeklyseminarswillbebasedaroundstudyingkeypapersinthediscipline,casestudiesandsomestructuredquestionsandproblemsets.Thisisintendedtodevelopnotonlyunderstandingofthetopic,butalsothecriticalevaluationskillsofstudents.Thecontinuouscourseworkassessmentregimeisdesignedtoprovidestudentswithregularreinforcementoflearninginkeytopicsaswellasrapiddiagnosticfeedbackonhowtheyareprogressingwiththeirstudies.Thecourseworkessayisdesignedtodevelopskillsofresearch,criticalappraisal,writingandproblemsolving.

Attendanceatlecturesandtutorialsiscompulsory.YouhavebeenallocatedtoatutorialgroupbythenewORBITtimetablingsystemandyoushouldbeabletoviewdetailsviaSpider.Otherwiseaskme.Timeandvenueoflecturesisalsoinyourelectronictimetable.

Modulematerials,includinglecturenotes,lectureslidesandtutorialquestionsheetswillbemadeavailableonVITALafewdaysinadvanceoftherelevantclass.Throughoutthecourse,somehandoutswillbeissuedofkeyarticlesandcasestudieswherethesearenoteasilyobtainableviatheinternet.

7.Assessment

Thiscourseisassessedbycontinuousassessmentcoursework,whichwillmakeup25%ofthemodulegrade,acourseworkessaywhichwillmakeup35%ofthemodulegradeandastandard2hourunseenexamination,whichwillmakeup40%ofthemodulegrade.

Exam

Theexaminationwillbeclosedbookandlast2hours.Itwillconsistof10multiplechoicequestions,eachworthtwomarks,andachoiceoftwoessaysfromfive,eachworth40marks.AspecimenexamwillbeplacedonVITAL.Pleasenotethattheformatoftheexam,andthesyllabus,differthisyeartothatinpreviousyears.Forthatreason,previousyears’exampaperswillnotbepostedonVITAL.

Continuousassessmentcourseworktests

Therewillbe10weeklyon-linemultiplechoicequizzes,whichareaccessedthroughtheMyEconLabportal.ApracticequizispermanentlyavailableinMyEconLabtogiveyoupracticebeforeyoutakeaquizforreal.AbriefguidetoMyEconLabappearsattheendofthisdocumentasAppendixB.Thescheduleoftopicswillrunimmediatelyaftertherelevantlectureandtutorial（seelectureandtutorialscheduledlaterinthisguide）.Eachtestwillbeopenfor24hoursfrom16.00onMondayto16.00onTuesday.Youcanaccessthetestatanytimeinthatwindow.Therewillbefivequestionspertestandyouwillhaveamaximumof30minutestocompletethetest.Thetestsarecompletelyopenbook.FeedbackonyourscorewillbereleasedveryshortlyafterthetesthasclosedonThursdays.Inordernottooverburdenyou,eachtestwillbebasedononeparticularchapterfromGerber,eventhoughtheremaybemorethanonechapterassignedtoaparticularlecturetopic.Thescheduleisasfollows:

Date

Topic

RelevantchapterfromGerber

7/8.10.13

Tradeandthebalanceofpayments

Chapter9

14/15.10.13

Comparativeadvantageandfactorendowments

Chapter4

21/22.10.13

Beyondcomparativeadvantage（imperfectcompetitionandintra-industrytrade）

Chapter5

28/29.10.13

Tariffsandquotas

Chapter6

4/5.11.13

Commercialpolicy（thepoliticaleconomyoftradeprotection）

Chapter7

11/12.11.13

Internationaltradeandlabourandenvironmentalstandards

Chapter8

18/19.11.13

EconomicintegrationinNorthAmerica

Chapter13

25/26.11.13

TheEuropeanUnion

Chapter14

2/3.12.13

Export-orientedgrowthinEastAsia

Chapter16

9/10.12.13

ChinaandIndiaintheWorldEconomy

Chapter17

Courseworkessay

Writeanessayof2000wordsmaximumonthefollowing:

ExplainthemaincausesandmechanismsofthecollapseinworldtradeduringtheGlobalFinancialCrisis,emphasizingtheUKandtheEUeconomicarea.InlightofyourfindingsevaluatetheeffectivenessofcurrenttradepolicyresponsestotheGlobalRecession. WhatpolicyresponsestonegativeimpactonthetradebalancewereimplementedintheUK?

Whatdoyouthinkabouttheireffectivenessinthelongrun?

Thereportshouldbeamaximumof2,000wordsforthemainbody（includingwithin-textreferences）ofthereport（notincludingcontentspage,footnotes,executivesummary,bibliographyorappendices）andshouldbehandedinby4.00pmFriday7thDecember2013.YouwillbeabletocollectyourcourseworkmarkbytheendofthefirstweekbackaftertheChristmasbreakatthelatest（11Jan2014）.

Wordcountsmustbestatedandover-lengthreportswillbepenalisedby3marksforevery100wordsthesubmissionisover-length（i.e.areport101wordsover-lengthattractsapenaltyof4marks）.Thereisno“marginoferror”,2000isthemaximum.

In2012-13,theULMSBoardofUndergraduateStudiesclarifiedtheguidanceprovidedtostudentsonwordcountsinassessedwork.Thewordcountgiventostudentsistheabsoluteupperlimit.Thereisnoleewayoverthis,i.e.,studentswillbepenalisediftheysubmitworkthatexceedsthewordlimit（thesuggestionthatyoumayexceedthewordcountby10%isamyth!

!

）

Thefollowingarenotincludedinwordcounts:

Referencelists/BibliographiesandQuestionTitles

Appendices/Footnotes-providedthesehavebeenusedonlywhennecessary.Ifappendicesorfootnotesareusedexcessively,orcontainmaterialwhichshouldclearlybeincludedinthemainbodyoftheessay/report,itisatthemarkers’discretiontoincludetheseinthewordcount.

Tables/Graphs-providedthesehavebeenimportedfromelsewhere（correctlyreferenced）andnotproducedbythestudent.

ContentsPagesandFrontPagesofReports

Aswellastheessay/reportitself,thefollowingareincludedinwordcounts:

Citations/quotations-thisincludesthematerialparaphrased/quoteditselfaswellasthename,dateandpageinformation.

Tablesandgraphs-iftheyhavebeenproducedbythestudent.

ExecutiveSummariesinReports-unlessotherwisestated

Inadditionpoorpresentation,inadequatebibliographyandreferencingandlatesubmissionwithoutgoodcausewillallattractstandardpenaltiesassetoutintheUndergraduateHandbook.Whereyourequireanextension,validgroundsareexplainedintheUndergraduateHandbookandy