Module Details

Module Code: ECON_1
Module Title: Global Economics
Title: Global Economics
Module Level:: 8
Credits:: 10
Module Coordinator: Janette Davies
Module Author:: Alison Hearne
Domains:  
Module Description: To develop an understanding of the principles, theories and practices which govern International trade and multi-national enterprises.
To examine the determinants of International Trade flows
To develop an insight into the factors involved in International money markets and finance.
 
Learning Outcomes
On successful completion of this module the learner will be able to:
# Learning Outcome Description
LO1 Demonstrate an expert understanding of the determinants, principles, theories and practices which govern International Trade and Multi-National Enterprises.
LO2 Use economic tools and theories to analyse economic interactions between countries and to critically evaluate the relevance of trade theories to real-world trade flows.
LO3 Demonstrate an expert understanding of the determinants, principles, theories and practices which govern international money and financial markets.
LO4 Evaluate world economic development.
Dependencies
Module Recommendations

This is prior learning (or a practical skill) that is recommended before enrolment in this module.
No recommendations listed
Co-requisite Modules
No Co-requisite modules listed
Additional Requisite Information
No Co Requisites listed
 
Indicative Content
Part I - International Trade International Trade Theory
• What is International Trade Theory? Some facts about the International Economy. Absolute Advantage. The Leontief Paradox. The Principle of Comparative Advantage. The role of Factor abundance: Pattern of trade and specialization in the Heckscher-Ohlin Model. Alternative Theories of Trade.
Market Structure And International Trade
• Economies of Scale and international trade. Market Structures. Monopoly. Monopolistic Competition. External economies and International Trade.
International Trade Policy
• Instruments of trade policy. Tariffs and subsidies. Import quota and VERs. Anti-dumping policies. Government intervention. Case for free trade. FDI. Trade barriers and firm strategy Export and Import strategies. Restraints on Trade: Tariff Barriers, Non-tariff Barriers etc.
The Political Economy Of Trade Policy
• The Case For and Against Free Trade. Income Distribution and Trade Policy. International Negotiations and Trade Policy.
International Factor Movements
• International Labour mobility. International borrowing and lending. DFI and International firms.
Part 2 – Money and Finance
An Introduction to International Money and Banking
Money, Interest Rates and Foreign Exchange Rates
• International transactions • Foreign Exchange Markets • Equilibrium in the Foreign Exchange Market • Managing Foreign Exchange Risk.
International Monetary Systems
• The development of the international monetary system: Gold Standard, Bretton Woods, Floating Exchange Rates. Governmental and non-governmental financial institutions and organisations
Optimum Currency Areas and the European Experience
• Optimum Currency Areas • The case for EMU
Global Capital Markets
• Capital markets (money, equity and bond markets)
Regulation and Compliance in International Capital Markets
Regulation and Compliance in International Capital Markets
Challenges facing the global economy.
The future of globalization. Globalization and pandemics. Globalization and inequality
Module Content & Assessment
Assessment Breakdown%
Continuous Assessment15.00%
Project15.00%
End of Module Formal Examination70.00%

Assessments

Full Time

Continuous Assessment
Assessment Type Essay % of Total Mark 15
Timing n/a Learning Outcomes 1,2,3
Non-marked No
Assessment Description
Essay on the effects of IMF on a chosen country
Project
Assessment Type Project % of Total Mark 15
Timing n/a Learning Outcomes 1,2,4
Non-marked No
Assessment Description
Report on a multinational’s experience of DFI
No Practical
End of Module Formal Examination
Assessment Type Formal Exam % of Total Mark 70
Timing End-of-Semester Learning Outcomes 1,2,3,4
Non-marked No
Assessment Description
Terminal Examination
Reassessment Requirement
Exam Board
It is at the discretion of the Examination Board as to what the qualifying criteria are.

SETU Carlow Campus reserves the right to alter the nature and timings of assessment

 

Module Workload

Workload: Full Time
Workload Type Workload Category Contact Type Workload Description Frequency Average Weekly Learner Workload Hours
Lecture Contact Lecture Attendance, class discussion and engagement 12 Weeks per Stage 6.00 72
Independent Learning Non Contact Revision, learning and preparation for assessments and exam 15 Weeks per Stage 11.87 178
Total Weekly Contact Hours 6.00
Workload: Part Time
Workload Type Workload Category Contact Type Workload Description Frequency Average Weekly Learner Workload Hours
Lecture Contact Lecture Attendance, class discussion and engagement 12 Weeks per Stage 3.00 36
Independent Learning Non Contact Revision, learning and preparation for assessments and exam 15 Weeks per Stage 5.93 89
Total Weekly Contact Hours 3.00
 
Module Resources
Recommended Book Resources
  • Robert Carbaugh. (2017), International Economics, 16th. Nelson Education, p.576, [ISBN: 9781305507449].
This module does not have any article/paper resources
Other Resources
Discussion Note: