International Economics Introduction

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MODULE
International Economics
Introduction
WIUT
Date: 17th January 2022
Presenter: Akhliddin Malikov

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Module Team
Module leader: Akhliddin Malikov
Email: [email protected]
Office hours: Wednesdays 11 AM-12 PM
Office telephone No: 645
Junaid Ahmed
Email: [email protected]
Office telephone No: +998712387433
Gulnoza Kuldosheva
Email: [email protected]
Office telephone No: +998712387433
Shokhida Karimova
Email: [email protected]
Office telephone No: 664

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Teaching Pattern
The module will be taught by a combination of lectures and
seminars
Lectures are aimed at introducing the theoretical part of
the topic and an overall summary of the key material for
each topic.
Seminars are designed to blend the theory and practice
and provide students with real-life cases and examples.

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Learning Outcomes
1. Critically evaluate contemporary issues in International
economics which are dealt with by economists working in
both government and private industry.
2. Evaluate the appropriateness of different trade models and
their implications for closed and open economies.
3. Assess the effects of cross-border movements of capital and
labor on recipient and origin countries;
4. Analyze the relationships between economic growth and
international trade.
5. Apply relevant theories to analyze the key issues related to
exchange rates and open-economy macroeconomics

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Learning Platform
University Intranet
• Lecture slides posted weekly
• Support materials, such as articles, case studies and
data posted:
- for classroom discussions;
- for classroom analysis;
- for classroom practices.

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Indicative syllabus content
Week 1: Introduction
Week 2: The Ricardian Model
Week 3: World Trade: Factors affecting trade patterns
Week 4: The Specific Factors Model
Week 5: The Heckscher-Ohlin Model
Week 6: Workshop – Gravity model
Week 7: Instruments of Trade Policy
Week 8: Political economy of trade policy
Week 9: National Income Accounting and Balance of Payments
Week 10: Exchange rates and foreign exchange market
Week 11: Money, Interest rates and Exchange rates
Week 12: Revision

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Textbooks and Reading Resources
Core Textbooks
• Paul Krugman, Maurice Obstfeld, Marc J. Melitz (2014),
International Economics: Theory and Policy 10th edition, Pearson
Optional Textbooks
• Dominick Salvatore (2011), International Economics: Trade and
Finance 10th edition, John Wiley & Sons Inc.
• Steve Suranovich (2010), International Trade: Theory and Policy,
Saylor Foundation

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Assessment
Assessment 1 – Course Work
40%
Assessment 2 – Final Exam
60%
Assessment Component
Deadline
Feedback date
Results date
Assessment 1
Assessment 2
To be announced
To be announced
Three weeks after submission
To be announced