This module in business economics focuses on the analysis of the international economy, the economic environment in which individuals, firms and governments operate and decision making by economic agents. The module examines the interplay between economic theory and economic policy and critically examines arguments for regulation. Topics covered include trade, economic growth, strategic decision making by firms, the economics of information and risk, global labour markets and economic policy issues.

By the end of the module the student should be able to:

• critically evaluate economic theory and analysis in relation to the international economy, market failures and the strategic behaviour of firms;
• critically assess economic discourse relating to the international economy, international business and regulation in both private and public spheres;
• apply economic theory to assess alternative economic policy solutions for problems facing international organisations, governments and firms;
• apply economic theory to analyse the determinants of international trade; differential impact of economic globalisation in various parts of the world; the determinants of international growth;
• critically appraise the international economy and the differential impact of globalisation in different parts of the world.