International economics investigates and analyses the allocation of resources, economic activities, and economic relations across national borders in an open economy framework. This module covers two basic issues: one is the allocation of resources worldwide, and the other is the flow of goods and re-sources between nations. International economics includes two parts: international trade and international finance. The former focuses on the causes of international trade, and analyses what determines trade patterns, trade interests and the distribution of trade interests between trade participants; the latter takes the viewpoint of currency movements to investigate value exchange, analyse adjustments to the international economy and the corresponding mechanisms, and discusses how to structure a synthetic international monetary and financial system.
Topics include theories of international trade, multinational cor-poration and FDI, global production networks and supply-chain trade, international financial markets and capital mobility, ex-change rate regimes, and macroeconomic stabilization policies in the open-economy setting. Current issues in international economics as they affect China are discussed.
Learning Outcomes
By the end of the module students should be able to:
Analyse the allocation of resources, economic activities, and economic relations across national borders in an open economy framework.
Understand the allocation of resources worldwide and the flow of goods and re-sources between nations.
Understand international trade, and analyse what determines trade patterns, trade interests and the distribution of trade interests between trade participants.
Understand currency movements to investigate value exchange, analyse adjustments to the international economy and the corresponding mechanisms