ECONS304-19B (HAM)

International Economics Issues

15 Points

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Division of Management
School of Accounting, Finance and Economics

Staff

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Convenor(s)

Lecturer(s)

Administrator(s)

: denise.martin@waikato.ac.nz

Placement Coordinator(s)

Tutor(s)

Student Representative(s)

Lab Technician(s)

Librarian(s)

: clive.wilkinson@waikato.ac.nz

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Paper Description

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This paper aims to provide students with a thorough understanding of international trade and financial flows in today’s dynamic world economy. The paper applies microeconomic and macroeconomic tools and provides a theoretical and applied approach to explaining the evolution of international trade theories, the patterns of trade, the effects of government trade policies on production, trade, growth, the income distribution, economic integration and immigration. This paper also examines the socio-economic and trade characteristics of the developing countries and their integration with the developed nations and the UN Goals for Sustainable Development. In addition, the paper presents an analysis of the monetary aspects of international economic relations, the balance of payments, the international monetary system, foreign exchange markets and exchange rate determination.

We strive to make this paper current, interesting and enjoyable. We urge students to actively participate in class and be consistent in keeping up with the readings, assignments and projects. Please do not hesitate to see your paper convenor if you have any queries, comments or suggestions about the course.

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Paper Structure

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The lecture blocks include workshop exercises, discussions and student presentations.

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Learning Outcomes

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Students who successfully complete the course should be able to:

  • 1. Understand the dynamic nature of the world economy and the drivers of trends and fluctuations in incomes, trade, exchange rates and the balance of payments.
    Linked to the following assessments:
  • 2. Understand the impacts of trade policies on trade activity and the economic welfare of households, businesses, communities and nations.
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  • 3. Understand long term drivers influencing globalisation and the alternative ways in which policy makers may respond to globalisation.
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  • 4. Evaluate the contribution of international institutions/agencies to wellbeing both in developing and developed countries.
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  • 5. Identify policy choices that governments may take to successfully achieve United Nations Sustainable Development Goals.
    Linked to the following assessments:
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Assessment

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Assessment Components

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The internal assessment/exam ratio (as stated in the University Calendar) is 50:50. There is no final exam. The final exam makes up 50% of the overall mark.

The internal assessment/exam ratio (as stated in the University Calendar) is 50:50 or 0:0, whichever is more favourable for the student. The final exam makes up either 50% or 0% of the overall mark.

Component DescriptionDue Date TimePercentage of overall markSubmission MethodCompulsory
1. Presentation & Discussion
25 Jul 2019
4:00 PM
10
  • Presentation: In Class
2. Assignment
16 Sep 2019
5:00 PM
20
  • Online: Submit through Moodle
3. Test on Thursday 15 August 2019
15 Aug 2019
3:00 PM
20
  • Hand-in: In Lecture
4. Exam
50
Assessment Total:     100    
Failing to complete a compulsory assessment component of a paper will result in an IC grade
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Required and Recommended Readings

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Required Readings

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Robert Carbaugh (2019) International Economics, South-Western Cengage Learning

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Recommended Readings

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Yarbrough and Yarbrough (2011), The World Economy: Trade and Finance (7th Ed). Thomson South-West Publishers

R. Caves, J Frankel and R Jones (2007), World Trade and Payments, Harper Collins, College Publishers

Hendrik Van den Berg (2004) International Economics, Irwin, Graw Hill.

Pugel A. Thomas (2004) International Economics, Graw Hill, Irwin.

No single book is suitable for this paper, so readings will come from various sources. A list of selected readings will be given out in class.

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Other Resources

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Online Support

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Online resources can be accessed via Moodle or by links in the paper Outline

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Workload

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Attending weekly lectures and presentations, Discussion questions : 60 hours.

Preparing for the Assignment: 30 hours.

Preparing for the Test and Exam including: 3-5 hours. Chapter-end question practice and readings each week: 60 hours.

The expected overall workload for this 15 point paper is 150 hours.

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Linkages to Other Papers

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Prerequisite(s)

Prerequisite papers: ECON100 or ECON110 or ECONS101 or ECONS102

Corequisite(s)

Equivalent(s)

Restriction(s)

Restricted papers: ECON306 and ECON406

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