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    BCE 412 Course Outline 2022

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    modibacathrine
    This document outlines the course details for an Advanced Diploma in Economics module on International Economics for 2022. It provides information on the lecturer and administrative contacts, lecture times, module objectives and learning outcomes, core content, textbook, and assessment details. The module aims to provide a critical understanding of international trade and finance concepts. Students will learn about topics such as trade policy, exchange rates, foreign direct investment, and balance of payments. Assessments include a tutorial test, two semester tests, and an end of module assessment, which make up 40% and 60% of the final mark respectively.

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    BCE 412 Course Outline 2022

    Uploaded by

    modibacathrine
    19 views5 pages
    This document outlines the course details for an Advanced Diploma in Economics module on International Economics for 2022. It provides information on the lecturer and administrative contacts, lecture times, module objectives and learning outcomes, core content, textbook, and assessment details. The module aims to provide a critical understanding of international trade and finance concepts. Students will learn about topics such as trade policy, exchange rates, foreign direct investment, and balance of payments. Assessments include a tutorial test, two semester tests, and an end of module assessment, which make up 40% and 60% of the final mark respectively.

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    this is a course outline for international Economics

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    This document outlines the course details for an Advanced Diploma in Economics module on International Economics for 2022. It provides information on the lecturer and administrative contacts, lecture times, module objectives and learning outcomes, core content, textbook, and assessment details. The module aims to provide a critical understanding of international trade and finance concepts. Students will learn about topics such as trade policy, exchange rates, foreign direct investment, and balance of payments. Assessments include a tutorial test, two semester tests, and an end of module assessment, which make up 40% and 60% of the final mark respectively.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    19 views5 pages

    BCE 412 Course Outline 2022

    Uploaded by

    modibacathrine
    This document outlines the course details for an Advanced Diploma in Economics module on International Economics for 2022. It provides information on the lecturer and administrative contacts, lecture times, module objectives and learning outcomes, core content, textbook, and assessment details. The module aims to provide a critical understanding of international trade and finance concepts. Students will learn about topics such as trade policy, exchange rates, foreign direct investment, and balance of payments. Assessments include a tutorial test, two semester tests, and an end of module assessment, which make up 40% and 60% of the final mark respectively.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 5

    FACULTY OF BUSINESS & ECONOMIC SCIENCES

    DEPARTMENT OF ECONOMICS

    ADVANCED DIPLOMA IN ECONOMICS


    INTERNATIONAL ECONOMICS (BCE412)

    COURSE OUTLINE 2022

    Lecturer’s details and consultation


    Lecturer Ms O.R. Olisa
    E-mail Onyiyechukwu.Olisa@mandela.ac.za
    Consultation All consultations will be done online, and you need to send an
    email to make an appointment for the online consultation.

    For administrative issues, please use the contact details below


    Name Mrs Elizabeth Moodley
    Office 2nd Avenue Campus – Office no. 146, Tel +27415044996
    E-mail Elizabeth.moodley@mandela.ac.za

    Lecture Time (Online via Ms Teams)


    Monday 17:05 – 17:40
    Wednesday 14: 25 – 15:35

    1
    1. OBJECTIVES OF THE MODULE
    The objective of this module is to understand various concepts, theories and policy issues
    related to international economics. This module aims to provide a platform for critical and
    analytical thinking thereby assisting students in understanding how international trade and
    finance concepts relate to everyday the global business environment.

    2. MODULE LEARNING OUTCOMES


    Students will be able to
     Present a critical and coherent explanation of and apply the underlying principles of trade
    policy formation, both nationally and internationally, and regional trade agreements.
     Conceptualise and describe how the exchange rate is determined
     Understand spot and forward rate transactions and identify and manage balance of
    payment processes and mechanisms
     Conceptualise foreign direct investment theory and apply the theory to the determinants
    and practices of foreign direct investment
     Identify and prepare data sources and conduct data analyses related to matters of foreign
    investment and international economics.

    3. CORE CONTENT
     Trade policy theory and application
     Regional trade agreements
     South African trade policy
     Exchange rate determination and management
     Balance of payments adjustment mechanisms
     Foreign direct investment theory and practice

    4. PRESCRIBED TEXTBOOK
    Salvatore, D. 2014. International Economics: Trade and Finance. 11th edition. USA: John
    Wiley & Sons Inc.
    The lectures will be compiled and presented with reference to the prescribed text which is your
    main source of reference. The learning objectives in each chapter have been identified at the
    beginning of each chapter. This should be used to test your understanding of the topics and
    prepare you for the assessments.
    4.1 Recommended reading:
    Appleyard, D. 2010. International economics. 7th edition. Boston : McGraw-Hill.

    2
    van Marrewijk, C. 2007. International economics: theory, application and policy. Oxford:
    Oxford University Press.
    Sawyer W. Charles, Sprinkle Richard L. International Economics, (2004) Prentice Hall of
    India, New Delhi.

    5. ONLINE LECTURES
    Due to COVID-19 pandemic, all lectures will be conducted online via MS Teams. We shall
    be having lectures twice each week (Monday 17:05 -17:45 and Wednesday 14:25 – 15:35).
    The lectures will be recorded so that students can listen to them at their own spare time or for
    reference and revision purpose.

    This course requires students to already have a solid understanding of international economics
    at undergraduate level. Students are also expected to take responsibility for their learning. This
    responsibility includes revision of undergraduate work as well as reading through the relevant
    chapters prior to lectures. Revision questions from your textbook will be presented and
    discussed. These questions and problems will assist in familiarising yourself with the content
    of the lecture. Additional reading will be prescribed for certain lectures. These reading are
    provided to give insight into international trade in South Africa specifically as well as more
    extensive views of certain practical and policy concepts of this course. Attendance is
    compulsory as all assessments will focus on material presented in lectures.

    6. ASSESSMENTS
    All assessments will be conducted online using the Moodle platform. For the class mark, you
    will be required to write 1 tutorial tests and 2 semester tests (Semester Test 1 and Semester
    Test 2). Note that the tutorial test will count 10% towards the final mark and semester
    test will each count 15% towards the final mark. Both the tutorial test and the two semester
    tests will count 40% towards the final mark. An End of Module Assessment (EMA) will be
    written, the EMA will count 60% of the final mark.

    NB: You need to obtain 50% for the final mark to pass this module.

    Assessment dates, time and coverage


    Assessment Coverage/scope Date & Time (opening & closing time)
    Tutorial Test Chapter 1, 2, 3, 5, 6, 8, 9, 17th August 2022: Opens 14:00; Closes:
    10 15:45. Duration 1hr30mins.

    3
    Semester Test 1 Chapters 4, 7, 11, 12 31st August 2022: Opens 14:00; Closes:
    16:00; Duration: 2hrs.
    Re-assessment Semester Test Chapters 4, 7, 11, 12 17th September 2022: Opens 10:00;
    1 Closes: 12:00; Duration: 2hrs.
    Semester Test 2 Chapter 13, 14, 15, 16 28th September 2022: Opens 14:00;
    Closes: 16:00; Duration: 2hrs.
    Re-assessment Semester Test Chapters 13, 14, 15, 16 12th October 2022: Opens 14:00; Closes:
    2 16:00; Duration: 2hrs.
    EMA TBA 7th November 2022: Opens 09:00; Closes:
    14:00; Duration: 4hrs.
    Supplementary EMA TBA 19 January 2022: Opens 09:00; Closes:
    14:00; Duration: 4hrs.

    NOTE: If a test/EMA is missed for a valid reason, documentary proof must be presented to
    the Department of Economics within 3 working days of missing the test. No late excuses will
    be accepted. The Re-assessment semester test 1 & test 2, are supplementary assessment for the
    students that missed a specific assessment due to one reason or another. If a student write
    both the semester tests and the re-assessment semester tests, the 2nd mark (the re-
    assessment mark) will be chosen and the mark will be capped at 50%.

    7. CONTACT SESSION SCHEDULE


    Session Topics
    Session 1
    Chapter 1 Introduction
    Chapter 2 The law of comparative advantage
    Chapter 3 The standard theory of international trade
    Session 2
    Chapter 5 Factor endowments and the Heckscher-Ohlin theory
    Chapter 6 Economies of scale, imperfect competition and international trade
    Session 3
    Chapter 8 Trade restrictions: tariffs
    Chapter 9 Non-tariff barriers and the new protectionism
    Chapter 10 Economic integration
    Session 4
    Chapter 4 Demand and supply, offer curves, and the terms of trade
    Session 5
    Chapter 7 Economic growth and international trade
    Session 6

    4
    Chapter 11 International trade and economic development
    Session 7
    Chapter 12 International resource movements and multinational corporations
    Session 8
    Chapter 13 Balance of payments
    Session 9
    Chapter 14 Foreign exchange markets and exchange rates
    Session 10
    Session 15 Exchange rate determination
    Session 11
    Session 16 The price adjustment mechanism with flexible and fixed exchange rates

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