Registry

Module Specifications

Current Academic Year 2012 - 2013
Please note that this information is subject to change.

Module Title	International Trade and Business
Module Code	EF310
School	DCUBS
Online Module Resources
Module Teacher	Tony Foley
NFQ level	8	Credit Rating	5
Pre-requisite	None
Co-requisite	None
Compatibles	None
Incompatibles	None

Description

To develop students understanding of the principles and practices which govern international trade and multi-national enterprise.

Learning Outcomes

1. Discuss theories of international trade
2. Appraise arguments in favour of and against greater free trade
3. Outline legal and economic structures of international trade, such as the role of the WTO and/or trading blocks such as the EU
4. Locate and interpret data and statistics on international trade from official sources such as the WTO and the CSO

Workload	Full-time hours per semester
*Type*	*Hours*	*Description*
Lecture	2	No Description
Lecture	24	No Description
Independent learning	101	STUDY, HOMEWORK AND PROJECT WORK
Total Workload: 127

All module information is indicative and subject to change. For further information,students are advised to refer to the University's Marks and Standards and Programme Specific Regulations at: http://www.dcu.ie/registry/examinations/index.shtml

Indicative Content and Learning Activities

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..

Assessment Breakdown
Continuous Assessment	0%	Examination Weight	100%

Course Work Breakdown
Type	Description	% of total	Assessment Date
Essay	presenting key trends in Irish and international trade	50%	Week 7
Essay	Is free trade desirable?	50%	Sem 1 End

Reassessment Requirement
Resit arrangements are explained by the following categories; 1 = A resit is available for all components of the module 2 = No resit is available for 100% continuous assessment module 3 = No resit is available for the continuous assessment component
This module is category 1

Indicative Reading List