| Unit name | International Economics |
|---|---|
| Unit code | ECON30074 |
| Credit points | 20 |
| Level of study | H/6 |
| Teaching block(s) |
Teaching Block 4 (weeks 1-24) |
| Unit director | Dr. Duck |
| Open unit status | Not open |
| Pre-requisites |
Introduction to Macroeconomics |
| Co-requisites |
None |
| School/department | School of Economics |
| Faculty | Faculty of Social Sciences and Law |
The unit explains the macro- and micro-economic implications of an economy being part of an international economy.
In the first part it explores theories of why we observe the movements in foreign exchange rates that we do; why such movements can be volatile; why there have been many currency crises in recent years; how government macroeconomic policy operates in an international setting; when countries might join a currency union.
In the second part it explores classical and modern theories of why international trade occurs; does it benefit everyone; does it exploit poor countries; will the growth of Asian economies harm the UK economy; what should government policy towards international trade be.
