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Module Title |
International Trade and Business
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Module Code |
EF310
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School |
DCUBS
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Online Module Resources
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Level |
3
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Credit Rating |
5
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Pre-requisite |
None
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Co-requisite |
None
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Module Aims
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To develop students understanding of the principles and practices which govern international trade and multi-national enterprise.
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Learning Outcomes
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This course aims to allow students to critically appraise the determinants of international trade and to develop an understanding of the main influences on business operations in an international context.
As the programme as a whole is aimed at developing managers who will comfortably carry out trade in a European context, this course is an important component in building on the skills necessary in this context.
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Indicative Time Allowances
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Hours
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Lectures |
24
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Tutorials |
0
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Laboratories |
0
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Seminars |
0
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Independent Learning Time |
51
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Total |
75
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Placements |
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Assignments |
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NOTE
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Assume that a 5 credit module load represents approximately 75 hours' work, which includes all teaching, in-course assignments, laboratory work or other specialised training and an estimated private learning time associated with the module.
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Indicative Syllabus
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International Trade and the Irish Economy: An overview; Role of imports and exports in Irish economic development; Sectoral composition of exports; Markets for Irish exports; Sources of imports; Deficit and surplus markets; Scale of multi-national presence in Ireland; Balance of payments; Current Account; Capital Account; External trading gain.
Theory of international Trade: Absolute advantage; Comparative advantage; Heekseher Ohlin theory; Leontief paradox; Product Life Cycle; Alternative theories of trade; International investment and foreign trade; Restraints on trade; Reasons: tariffs, quotas, non-tariff barriers, other restraints.
International Financial Environments:Foreign exchange market; Determination of exchange rate valuation; Revaluation and devaluation; Fixed and flexible exchange rates; Spot and forward rates; Forecasting Exchange Rates; International monetary system; Euro-currency; EMS; EMU; International monetary institutions; Foreign exchange restrictions.
Inter-Governmental Agreements on Trade: Theories of economic integration; Agreements on trade: GATT, UNCTAD, EFTA, AIFTA; Regional trading areas with particular reference to the EU; International trade policy and practice within the EU.
Multi-national Enterprise: Historical reviews of foreign investment; Organisation of multi-nationals; Determinants of direct foreign investment; Footloose and constrained locational decisions; Multinationals and foreign trade; Impact on domestic economy; Control of multinationals.
Analysis of World Trade Flows: Between developed countries and developing countries; Within developed countries; Trade with Eastern Europe; Impact of newly industrialised countries; Future trends; World Trade Statistics sources.
Exporting and the Irish Economy: Micro-analysis of Irish export performance; Multinational and indigenous contribution; Administered and entrepreneur exports; Determinants of export performance; International demand; Competitiveness; Marketing capacity corporate structure; Policies to assist exports.
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| Assessment | | Continuous Assessment | 100% | Examination Weight | 0% |
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Indicative Reading List
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Williamson, J. The Open Economy and the World Economy, Harper.
Maizels, A., Industrial Growth and World Trade, CUP.
Tugendhat, C., The Multinationals, Pelican.
Sodersten. B., International Economies, Macmillan.
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Programme or List of Programmes
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| BS | Bachelor of Business Studies |
| EBF | BA in European Business (French) |
| EBG | BA in European Business (German) |
| EBS | BA in European Business (Spanish) |
| EBT | BA in European Business (Trans.Studies) |
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