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DRPS : Course Catalogue : School of Economics : Economics

Undergraduate Course: International Economics (ECNM10087)

Course Outline
SchoolSchool of Economics CollegeCollege of Humanities and Social Science
Credit level (Normal year taken)SCQF Level 10 (Year 3 Undergraduate) AvailabilityAvailable to all students
SCQF Credits20 ECTS Credits10
SummaryThis course explores the topic of international goods- and capital-market integration. It introduces students to key stylised facts about the nature and impact of globalisation during recent decades. It then shows how workhorse models of international economics can be used to think about the real-life linkages between international integration and countries' macroeconomic outcomes. Its aim is to teach students how economic theory can be employed to analyse the benefits from globalisation, and to diagnose its problems.

Part of the course content requires students to familiarise themselves with technical material, and knowledge of elementary calculus and statistics will be assumed.
Course description Topics covered will include:

An Introduction to Globalisation Facts and History; Classical Models of International Trade; The Gains from Trade; Trade and the Distribution of Incomes; Empirical Analysis of International Trade; New Models of International Trade; Theories and Evidence about International Financial-Market Integration;

The course is taught through a programme of lectures and tutorials. Part of the course content requires students to familiarise themselves with technical material, and knowledge of elementary calculus and statistics will be assumed.
Entry Requirements (not applicable to Visiting Students)
Pre-requisites Students MUST have passed: Economics 2 (ECNM08006)
Prohibited Combinations Other requirements None
Information for Visiting Students
Pre-requisitesVisiting students should usually have an equivalent of at least 4 semester-long Economics courses at grade B or above (or be predicted to obtain this) for entry to this course. This MUST INCLUDE courses in Intermediate Macroeconomics (with calculus); Intermediate Microeconomics (with calculus); and Probability and Statistics. If macroeconomics and microeconomics courses are not calculus-based, then, in addition, Calculus (or Mathematics for Economics) is required.
High Demand Course? Yes
Course Delivery Information
Academic year 2018/19, Available to all students (SV1) Quota:  None
Course Start Semester 1
Timetable Timetable
Learning and Teaching activities (Further Info) Total Hours: 200 ( Lecture Hours 20, Seminar/Tutorial Hours 5, Summative Assessment Hours 2, Programme Level Learning and Teaching Hours 4, Directed Learning and Independent Learning Hours 169 )
Assessment (Further Info) Written Exam 80 %, Coursework 20 %, Practical Exam 0 %
Additional Information (Assessment) Coursework: 20% (problem solving 60%, essay 40%)
Final Exam: 80% (problem solving 60%, essay 40%)
Feedback As coursework, students will be asked to complete a take-home assignment half-way through the course. This assignment will account for 20% of the overall course grade, and will provide an indication of the structure of questions to be expected on the final exam. Students will receive their grade for this assignment, together with written feedback, within three weeks of submission (before the end of the course semester).
Exam Information
Exam Diet Paper Name Hours & Minutes
Main Exam Diet S1 (December)2:00
Learning Outcomes
On completion of this course, the student will be able to:
  1. A knowledge and understanding of key concepts, issues and models in international economics, along with empirical evidence on and policy implications of those models and a deeper understanding of recent research activity in some more specialised areas.
  2. Research and investigative skills such as problem framing and solving and the ability to assemble and evaluate complex evidence and arguments.
  3. Communication skills in order to critique, create and communicate understanding and to collaborate with and relate to others.
  4. Personal effectiveness through task-management, time-management, teamwork and group interaction, dealing with uncertainty and adapting to new situations, personal and intellectual autonomy through independent learning.
  5. Practical/technical skills such as, modelling skills (abstraction, logic, succinctness), qualitative and quantitative analysis and general IT literacy.
Reading List
There is no single textbook for this course, but typed notes on key topics will be provided. In addition, the course will make use of readings from economic journals.

For general background, students may refer to: Feenstra, R. C. and A. M. Taylor (2011), International Economics, Second Edition, Worth Publishers.
Additional Information
Graduate Attributes and Skills Research and Inquiry
B1. The ability to identify, define and analyse theoretical and applied economic problems and identify or devise approaches to investigate and solve these problems.
B3. The ability to critically assess existing understanding of economic and social issues, the limitations of that understanding and the limitations of their own knowledge and understanding of those issues.
B4. The ability to question the principles, methods, standards and boundaries of economic knowledge

Personal and Intellectual Autonomy
C1. The ability to be independent learners who take responsibility for their own learning, and are committed to continuous reflection, self-evaluation and self-improvement.
C4. The ability to collaborate and debate effectively to test, modify and strengthen their own views.

D1. The ability to make effective use of oral, written and visual means to critique, create and communicate understanding.
D2. The ability to further their own learning through effective use of feedback.
D3. The ability to use communication as a tool for collaborating and relating to others.

Personal Effectiveness
E1. The ability to manage tasks and also skills in time-management.
E4. The ability to work effectively with others, capitalising on their different thinking.
Additional Class Delivery Information One 2 hour lecture per week, plus tutorials.
Course organiserDr Robert Zymek
Tel: (0131 6)50 4466
Course secretaryMrs Anna Domagala
Tel: (0131 6)51 5305
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