Apply Now

ZUG4037 - International Economics

15 credits

Honours degree – Module

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


Business, Engineering and Technology


South Africa

  • First Semester  2019


The module advances students’ understanding and knowledge on the concepts and tools that are needed to describe and understand the microeconomics and macroeconomics aspects of international relations. Specifically, the module is designed to enhance the students’ understanding on: the gains and costs of trading internationally; the static and dynamic welfare effects of protection; the political economy of international trade policy; optimum policies in the presence of market power, uncertainty, and other market imperfections; trade policy instruments; strategies for trade liberalisation including regional trade agreements; foreign exchange, open market macroeconomics.


  1. Evaluate contemporary policy debates in international trade and finance.
  2. Interpret the allocation and welfare effects of trade policies.
  3. Critically analyse issues, concerns and developments in the international economy and be able to interpret their impacts on the South African economy and other African economies.


Within semester assessment: 50%
Examination: 50%

Workload requirements

Minimum total expected workload to achieve the learning outcomes for this module is 150 hours typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The module requires on average three to four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.


All three compulsory BCom (Honours) or equivalent modules.