Module Title:Global Economics
Language of Instruction:English
Credits: 10
NFQ Level:7
Module Delivered In 2 programme(s)
Teaching & Learning Strategies: Teaching and Learning Strategies • Lectures - communication of knowledge and ideas from the lecturer to the student. • Problem Solving Exercises/Case Studies – students will work as part of a team and will work together to discuss and evaluate scenarios related to lecture content. • Class Discussion/Debate - Students will be encouraged to actively participate in the class sessions which will develop their analytical and communication skills. • E-Learning – It is envisaged that the module will be supported with on-line learning materials including discussion boards. • Self-Directed Independent Learning – the emphasis on independent learning will develop a strong and autonomous work and learning practices.
Module Aim: 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 should be able to:
LO1 Demonstrate an expert understanding of the determinants, principles, theories and practices which govern International Trade and Multi-National Enterprises.
LO2 Use the standard tools of micro-economics 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 Critically evaluate the role of relevant Supra-national organisations
LO5 Evaluate world economic development.
Pre-requisite learning
Module Recommendations

This is prior learning (or a practical skill) that is recommended before enrolment in this module.

No recommendations listed
Incompatible Modules
These are modules which have learning outcomes that are too similar to the learning outcomes of this module.
No incompatible modules listed
Co-requisite Modules
No Co-requisite modules listed
Requirements
This is prior learning (or a practical skill) that is mandatory before enrolment in this module is allowed.
No requirements listed
 

Module Content & Assessment

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
Assessment Breakdown%
Continuous Assessment15.00%
Project15.00%
End of Module Formal Examination70.00%
Continuous Assessment
Assessment Type Assessment Description Outcome addressed % of total Assessment Date
Essay Essay on the effects of IMF on a chosen country 1,2,3,4 15.00 n/a
Project
Assessment Type Assessment Description Outcome addressed % of total Assessment Date
Project Report on a multinational’s experience of DFI 1,2,5 15.00 n/a
No Practical
End of Module Formal Examination
Assessment Type Assessment Description Outcome addressed % of total Assessment Date
Formal Exam Terminal Examination 1,2,3,4,5 70.00 End-of-Semester

ITCarlow reserves the right to alter the nature and timings of assessment

 

Module Workload

Workload: Full Time
Workload Type Frequency Average Weekly Learner Workload
Lecture Every Week 3.00
Independent Learning Every Week 4.50
Total Hours 7.50
 

Module Delivered In

Programme Code Programme Semester Delivery
CW_BWBUS_B Bachelor of Business (Honours) Options: Business or Digital Marketing 3 Group Elective 2
CW_BWBBS_D Bachelor of Business in Business (Options: Business or Digital Marketing) 3 Group Elective 2