EC33110 - INTERNATIONAL TRADE, FOREIGN INVESTMENT AND MULTINATIONALS

Module Identifier

EC33110

Module Title

INTERNATIONAL TRADE, FOREIGN INVESTMENT AND MULTINATIONALS

Academic Year

2004/2005

Co-ordinator

Mr Nicholas Perdikis

Semester

Semester 1

Pre-Requisite

(EC10120 and EC10320) or (EC10510 and EC10610)

Course delivery

Lecture

18 Hours

Debate

2 Hours

Assessment

Assessment Type	Assessment Length/Details	Proportion
Semester Exam	1.5 Hours	100%
Supplementary Exam	1.5 Hours	100%

Learning outcomes

On successful completion of this module students should be able to:

Have a knowledge of the structure, pattern and growth of world trade and direct investment;
Understand the theory of trade pattern determination, Classical, Neo-classical and 'alternative' theories of trade;
Appreciate the empirical evidence relevant to trade theory;
Appreciate the causes of intra-industry trade and empirical evidence;
Understand the nature and causes of foreign direct investment;
Understand the reasons for, role and impact of, multinational activity.

Aims

This module aims to provide students with an understanding of the underlying causes of trade patterns, the reasons for foreign direct investment and the existence and role of multinationals in the world economy.

Brief description

This module introduces students to the structure, patterns and growth of international trade and its causes. The reasons why multinational companies exist, their effect and their influence on trade is also examined.

Content

Introduction
Classical and neoclassical trade theory
Alternative trade theories
Intra-industry trade
Foreign direct investment
Multinational companies

Transferable skills

More specifically by taking this module students will enhance several transferable skills. Attendance at lectures should help note taking. Essay writing will enhance writing as well as time management skills and problem solving. The debates should also enhance teamwork, communiction and presentational skills and reinforce further time management skills. The inclusion of web sites and encouragement to use the library fully should help to enhance basic IT and research skills.

Reading Lists

Books
D R Appleyard and J F Field International Economics, 4th edition. McGraw Hill
J M Nielsen, E S Madsen and K Pederson International Economics 7th edition. McGraw Hill
B Ingham International Economics: A European Focus, FT Prentice Hall

Notes

This module is at CQFW Level 6