|
Module Code |
BM 210 |
|
Module Title |
International Trade & Politics
·
International
Trade & Politics |
|
Academic level |
Level 2 |
|
Credit value |
2 |
|
Instruction |
English |
|
Pre-requisites |
BM 110 - Introductory Economics |
|
Co-requisites |
All other Level 2 core modules |
Rationale
for Module |
Today’s managers do not only have to deal with
national markets; business activity increasingly involves
transactions across national borders, even for small firms. To be able
to master the challenges of
internationalisation, it is necessary to understand why international
trade takes place, as well as the political and
economic effects trade has on domestic economies and the world economy.
The module also considers how
international finance affects the economic relations between national
economies.
The module builds on the knowledge and understanding gained by all
students in the Level 1 module Introductory
Economics and complements the International Management pathway module
International Trade Operations. It
provides contextual underpinning for the Level 3 core module
International Management & Marketing Strategy.
|
|
Aims |
This module aims to:
• provide a theoretical understanding of the rationale and motivation
for international trade;
• investigate the significance of international trade for domestic and
global economies;
• enable students to appreciate that free trade can raise living
standards in all trading countries;
• develop students’ critical understanding of national trade policies,
protectionism and free trade;
• examine the economic significance of a country’s balance of payments;
• explain the consequences of various exchange rate systems. |
Studium » Studienmodule » International Trade & Politics
