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JOHN CABOT UNIVERSITY
COURSE CODE: "EC 316"
COURSE NAME: "International Economics"
SEMESTER & YEAR:
Summer Session I 2024
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SYLLABUS
INSTRUCTOR:
Anna Rita Bennato
EMAIL: [email protected]
HOURS:
MW 1:30-5:30 PM
TOTAL NO. OF CONTACT HOURS:
45
CREDITS:
3
PREREQUISITES:
Prerequisites: Junior Standing, EC 201, EC 202
OFFICE HOURS:
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COURSE DESCRIPTION:
An introduction to international trade and finance. Analysis of the causes and consequences of international trade and investment. Major topics include international trade theory, international trade policy, exchange rates, open-economy macroeconomics, and international macroeconomic policy.
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SUMMARY OF COURSE CONTENT:
This module aims to enhance students' understanding of the theory of international trade and the drivers of globalization. Participants will delve into both the theoretical underpinnings and real-world manifestations of various economic phenomena shaping contemporary economies. We will start with an exploration of diverse facets of globalization before we progress to an in-depth analysis of international trade relations. Students will scrutinize the mechanisms underpinning the integration of capital and labour markets. Subsequently, the role of technology, notably within the framework of the TRIPS agreement, in the globalization process will be examined. Attention will be directed towards assessing the impact of international regimes on trade policies across developed and developing nations, with a particular focus on the role of trade liberalization in fostering economic development. This segment of the course will underscore the interplay between trade, foreign direct investment, and the operations of multinational corporations. A brief overview of the role played by international institutions such as the IMF, the World Bank, and the WTO in driving the globalization process will be provided.
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LEARNING OUTCOMES:
By the end of the module, students should be able to:
• Understand the economic principles and their relevance regarding international trade relations.
• Evaluate the impact of international trade on different economies.
• Appreciate the complexities of issues surrounding globalisation.
• Understand how the process of global integration affects business.
• Appreciate the interdependence of business decisions in a world of globalised. economic activity.
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TEXTBOOK:
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REQUIRED RESERVED READING:
RECOMMENDED RESERVED READING:
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GRADING POLICY
-ASSESSMENT METHODS:
| Assignment | Guidelines | Weight |
| In-class participation | Active participation in class and engaging in various workshop activities will contribute 20% towards students' final marks. To earn the full 20% of the final mark, students are expected to attend and actively participate in the in-class activities by completing 80% of the proposed tasks. | 20% |
| Final exam | The final exam format will be a 2h close-book assessment. It will be a combination of analytical questions, and essay-type of questions. The final exam will be based on lectures, class discussions, and readings assigned during the whole course. Students’ answers will be evaluated based on the following criteria:
• Relevance of the answers to the questions asked: has the student identified the correct theory and models referred to in the examination?
• Degree to which answers exhibit understanding and knowledge of relevant skills and concepts: has the student demonstrated a grasp of the principles and theories covered in the module?
• Degree to which the answers cover all aspects of the questions: is the student’s response to the questions set analytical rather than descriptive?
| 80% |
-ASSESSMENT CRITERIA:
AWork of this quality directly addresses the question or problem raised and provides a coherent argument displaying an extensive knowledge of relevant information or content. This type of work demonstrates the ability to critically evaluate concepts and theory and has an element of novelty and originality. There is clear evidence of a significant amount of reading beyond that required for the course.
BThis is highly competent level of performance and directly addresses the question or problem raised.There is a demonstration of some ability to critically evaluatetheory and concepts and relate them to practice. Discussions reflect the student’s own arguments and are not simply a repetition of standard lecture andreference material. The work does not suffer from any major errors or omissions and provides evidence of reading beyond the required assignments.
CThis is an acceptable level of performance and provides answers that are clear but limited, reflecting the information offered in the lectures and reference readings.
DThis level of performances demonstrates that the student lacks a coherent grasp of the material.Important information is omitted and irrelevant points included.In effect, the student has barely done enough to persuade the instructor that s/he should not fail.
FThis work fails to show any knowledge or understanding of the issues raised in the question. Most of the material in the answer is irrelevant.
-ATTENDANCE REQUIREMENTS:
ATTENDANCE REQUIREMENTS AND EXAMINATION POLICY
You cannot make-up a major exam (midterm or final) without the permission of the Dean’s Office. The Dean’s Office will grant such permission only when the absence was caused by a serious impediment, such as a documented illness, hospitalization or death in the immediate family (in which you must attend the funeral) or other situations of similar gravity. Absences due to other meaningful conflicts, such as job interviews, family celebrations, travel difficulties, student misunderstandings or personal convenience, will not be excused. Students who will be absent from a major exam must notify the Dean’s Office prior to that exam. Absences from class due to the observance of a religious holiday will normally be excused. Individual students who will have to miss class to observe a religious holiday should notify the instructor by the end of the Add/Drop period to make prior arrangements for making up any work that will be missed. The final exam period runs until ____________
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ACADEMIC HONESTY
As stated in the university catalog, any student who commits an act of academic
dishonesty will receive a failing grade on the work in which the dishonesty occurred.
In addition, acts of academic dishonesty, irrespective of the weight of the assignment,
may result in the student receiving a failing grade in the course. Instances of
academic dishonesty will be reported to the Dean of Academic Affairs. A student
who is reported twice for academic dishonesty is subject to summary dismissal from
the University. In such a case, the Academic Council will then make a recommendation
to the President, who will make the final decision.
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STUDENTS WITH LEARNING OR OTHER DISABILITIES
John Cabot University does not discriminate on the basis of disability or handicap.
Students with approved accommodations must inform their professors at the beginning
of the term. Please see the website for the complete policy.
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SCHEDULE
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Every week, students will be provided with a plan or a summary of what we are going to do in the coming week. This module includes two different activities:
1. Lectures. Most of the lectures are going to be in-person. For students to participate actively in all activities students are recommended to engage with the lecture material by completing the recommended and suggested tasks.
2. Workshops. At the end of each lecture session, a workshop will follow. Workshops are organized as an open floor discussion during which students will work with other students. These hours are going to be very practical. Indeed, during this time we will apply a variety of different activities, which include and not limited to running interactive discussions of specific topics the so-called “café-conversation”, to analyse together data related to earlier studied topics, to employ a variety of concepts learned in the earlier weeks. In all activities, I will support students’ learning.
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