Apply Now

ECS3121: Economics of international trade

6 points, SCA Band 3, 0.125 EFTSL

Undergraduate – Unit

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.

Faculty

Business and Economics

Offered

South Africa

  • Second semester 2019 (On-campus)
  • Summer semester B 2019 (On-campus block of classes)

Prerequisites

ECS2730 and ECS2731 or equivalent.

Prohibitions

ECB3121, ECF3121, ECW3121, ECC3690.

Synopsis

The pure theory of international trade. Trade and income distribution, economic growth and changes in trade, bases for trade and gains from trade. Trade policy. Tariffs, quotas, subsidies, import discrimination and other national policies affecting trade. The foreign exchange market. Determination of exchange rates, the balance of payments, modern foreign exchange policies and the threat of unstable exchange rates. Regional trade agreements.

Outcomes

The learning goals associated with this unit are to:

  1. draw upon skills developed in micro and macroeconomics to enable students to understand and critically evaluate contemporary policy debates in international trade and finance
  2. develop the ability to use powerful analytical tools to predict the impact of global economic, political and social policies on South Africa as a small open economy, as well as the broader African continent
  3. recognise the positive welfare effects of worldwide unrestricted trade.

Assessment

Within semester assessment: 40% + Examination: 60%

Workload requirements

Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.

Chief examiner(s)

Dr Tendeukayi Mugadza