BSc Economics

22/23 Module Information Booklet

Year 2
Dear First Year Students,

KBS Module Confirmation – July 2022 will run between 10:00 (BST) on Friday 15 July
2022 and 23:59 (BST) on Sunday 24 July 2022, and we invite you to review your module
selection for the upcoming 2022/23 academic year.

Please note that this module confirmation is not compulsory, and if you do not wish to make
any changes, then you do not need to complete the form which is available on the KEATS
Programme Page. This process is only for students who wish to amend their module
selections for the next academic year.

There are many modules are available for you to take in the next academic year, but you
may be limited in the changes you can make because of space constraints on modules
and/or timetabling. Any amendments to your selection of modules made during this period
are subject to pre-requisites and space on the module. Please note that if there is more
demand than space for a module, students will be allocated on a random basis.
You will need to ensure that you have 120 credits in KBS modules (including your
compulsory modules), and we strongly advise an equal balance in each semester. If you are
removing a module during this process, please ensure that you select one to replace it. If
you fail to select a module you wish to replace, then King’s Business School will allocate you
to a module. Additionally, please also ensure you do not select too many modules. If you
select a module without confirming which module you wish to remove, then King’s Business
School will remove one at random from your existing selection.

The list below confirms the modules that are available in this module change period. Not all
modules will be available (such as those with application requirements). Please note that
there have been some amendments to modules, such as change in module leader,
assessment pattern, or semester, since you selected your initial modules in April 2022 and
therefore you should carefully review this booklet when making selections. Whilst this
information is correct at this stage, there may be some final alterations closer to the 2022/3
academic year.

This booklet provides you with information on the KBS modules available to you during the
second year of your BSc Economics degree.

We list below the KBS modules you need to choose between. Following are descriptions of
every module that is available to you. If you have any queries regarding your DPE modules,
you should contact your department directly via dpe-ug@kcl.ac.uk.

The deadline for module confirmation via the form is 23:59 on Sunday 24 July 2022, and
we would recommend that you take the time to review all the available material before
entering your choices via your KEATS programme homepage.

If you have any queries not answered by this handbook, please email UG-
Business@kcl.ac.uk
There are 3 compulsory KBS modules for your degree programme which you will be
automatically enrolled onto. These are:

Semester 1
5SSMN932 Introduction to Econometrics**

Semester 2
5QQMN937 Macroeconomics**
5QQMN938 Intermediate Econometrics**

You can take a total of 4 optional modules including any of the below KBS module:

Optional Modules: Semester 1

5QQMN213 Game Theory
5SSMN238 Industrial Organisation

Optional Modules: Semester 2

5QQMN201 The Economics of Energy and Climate
5QQMN202 Behavioural Economics of Organisations
5SSMN933 Economics of Strategy**
5SSMN936 International Trade

** Indicates this module is a pre-requisite for a final year KBS module.

When thinking about which optional modules to select please note that some are pre-
requisites for final year modules (i.e. they are required). For example, 5SSMN933
Economics of Strategy is required if you wish to take 6SSMN318 Managerial Economics.
So, if you have particular academic interests that you want to pursue in your final year, make
sure you are not closing those interests off by choosing the wrong modules for your 2nd year.
If you want to see more information on the 3 rd year modules, you can access this on the BSc
Economics KEATS page.

Please note that there may be some updates to the modules listed in this booklet in advance
of teaching commencing in September 2022.

Best regards,

UG Team
King’s Business School
 5SSMN932

5SSMN932 - Module Information Sheet 2022/23

Module Code 5SSMN932
Module Title Introduction to Econometrics
Module Leader Dragos Radu
Credit Value 15 credits
Semester 1
Pre-requisites to take this module 4SSMN902 Statistics for Economists
or
4QQMN507 Statistics for Accounting and
Finance
This module is a pre-requisite for 5QQMN938 Intermediate Econometrics
6SSMN961 Applied Econometrics
Lectures Weekly lecture
Tutorials Weekly tutorial
Assessment 80% Examination
20% Individual Coursework

What is the module about?

This module introduces students to the main techniques that economists use for
estimating economic relationships, testing economic theories and evaluating
government and business policies. It builds on material covered in first year core
modules: 4SSMN901 Mathematics for Economists and 4SSMN902 Statistics for
Economists, though only the latter is required (or 4QQMN507 Statistics for Account
and Finance).

We cover the fundamentals of linear regression analysis as well as more advanced

topics related to estimation and inference for probability models, panel and time
series data. Throughout the module, we study examples based on real data and
published research. In class, we do some number crunching ourselves using Stata, a
fast and versatile software for quantitative research and we will have 5 workshops
throughout the Semester in addition to tutorials and lectures.

Our ultimate goal in this module is to learn how to use data to answer causal if-then
questions, i.e. to make predictions under plausible assumptions, consistent with the
available evidence.

Who should do this module?

This module is available to students in the Business School and students on the BSc
Economics programme. It should be of interest to students who want a deeper
understanding of quantitative methods.
 5SSMN932

Key text or background reading

J.H. Stock and M.W. Watson, Introduction to Econometrics, 4rd edition, Pearson 2020

Provisional Lecture Outline

Lecture 1: Introduction to linear regression

Lecture 2: Simple linear regression I: Assumptions and Estimation

Lecture 3: Simple linear regression II: Interpretation and Inference

Lecture 4: Multiple regression I: Omitted variable bias, inference, interpretation

Lecture 5: Multiple regression II: Non-linear functions

Reading Week

Lecture 6: Instrumental Variables

Lecture 7: Panel data I: fixed effects

Lecture 8: Panel data II: random effects

Lecture 9: Probability models

Lecture 10: Applications: prediction with many regressors and Big Data
 5QQMN937

5QQMN937 - Module Information Sheet 2022/23

Module Code 5QQMN937
Module Title Macroeconomics
Module Leader Michele Piffer
Credit Value 15
Semester 2
Pre-requisites to take this module Students should have taken 4SSMN901 or
4QQMN504 in their first year of study.
This module is a pre-requisite for 6QQMN971 Advanced Microeconomics
6QQMN972 Monetary Theory and Policy
6SSMN962 Money and Banking
6QQMN969 International Finance
6SSPP365 Advanced Macroeconomics
Prohibited Combination Students cannot take this 5SSMN931
Intermediate Macroeconomics if they are
taking this module.
Lectures 10 x weekly 2-hour weekly lecture
Tutorials 8 x weekly 1-hour weekly tutorial
Assessment 80% Examination
20% Mid-term test

What is the module about?

This second-year course provides students with a theoretical and practical
understanding of macroeconomics. The first part of the course develops and builds on
the IS-LM in both closed and open economy. The model is then used to study
monetary and fiscal policy in different exchange rate regimes model. The second part
of the course introduces students to microfoundations in Macroeconomics. It
discusses the labour leisure choice, intertemporal consumption-saving decisions, the
q theory of investment, and more.

Who should do this module?

Students interested in obtaining an understanding of:
• the main concepts and models of macroeconomics, both graphically and
algebraically;
• models’ relation to empirical evidence and world events;
• how economists apply those models to study the effects of fiscal and monetary
policies on the key macroeconomic variables;
• the challenges that policy-makers face in the aftermath of the Great Recession,
along with the policy responses to tackle the economic consequences of the
Covid-19 pandemic;
 5QQMN937

• the tools necessary to master the material of third year compulsory (or optional)
courses with macroeconomic content.

Key Textbooks
• Blanchard, Olivier (2021). Macroeconomics, 8th Edition (Global), Pearson
Education Limited.
• Williamson, Stephen (2018). Macroeconomics, 7th Edition (Global), Pearson
Education Limited.

Provisional Lecture Outline

Lecture 1: IS-LM model in closed economy

Lecture 2: Introduction to open economy

Lecture 3: IS-LM model in open economy

Lecture 4: Microfoundations, labour-leisure choice

Lecture 5: Labour-leisure choice (continues)

Reading Week

Lecture 6: Consumption-saving decision

Lecture 7: Consumption-saving decision (continues)

Lecture 8: Theories of investment

Lecture 9: Labour market

Lecture 10: Fiscal Policy and Monetary Policy

 5QQMN938

5QQMN938 - Module Information Sheet 2022/23

Module Code 5QQMN938
Module Title Intermediate Econometrics
Module Leader Jack Fosten
Credit Value 15
Semester 2
Pre-requisites to take this module 5SSMN932 Introduction to Econometrics
This module is a pre-requisite for 6QQMN973 Advanced Econometrics
Lectures Weekly lecture
Tutorials Weekly tutorial
Assessment 60% Examination
40% Forecasting Project

What is the module about?

This course is an intermediate econometrics module which will focus on the models
required to analyse time series data. Students will gain a deep understanding of
several types of time series modelling approaches. This will enable them to make
real-world forecasts of important economic and financial series, useful for further
study and careers in economics, finance, retail and others.

Who should do this module?

This course should be taken by students who have an interest in how to forecast and
explain the way economic variables behave over time. These skills are sought-after
in careers in central banks, policymakers, finance and others. The course will also be
useful to students thinking of studying econometrics in the final year or at the
postgraduate level. It will expose students to a mixture of problem-solving and data
analysis and interpretation.

Key text or background reading

Stock, J. and Watson, M. “Introduction to Econometrics” 3rd Ed., Pearson.

 5QQMN938

Provisional Lecture Outline

Lecture 1: Introduction to Time Series

Lecture 2: Univariate Models – Autoregression Part 1

Lecture 3: Univariate Models – Autoregression Part 2

Lecture 4: Univariate Models – MA and ARMA

Lecture 5: Multivariate Models

Reading Week

Lecture 6: Multi-step Forecasting and Pseudo Out-of-Sample Methods

Lecture 7: Nonstationarity – Trends and Unit Roots

Lecture 8: Nonstationarity – Spurious Regression & Cointegration

Lecture 9: Nonstationarity – Seasonality and Breaks

Lecture 10: Volatility Models

 5QQMN213

5QQMN213 Module Information Sheet 2022/23

Module Code 5QQMN213
Module Title Game Theory
Module Leader Niall Hughes
Credit Value 15
Semester 1
Pre-requisites to take this module N/A
This module is a pre-requisite for N/A
Lectures Weekly lecture
Tutorials Fortnightly tutorial
Assessment 75% Examination
25% Mid-Term Assessment

What is the module about?

This second-year module provides students with a theoretical and practical
understanding of game theory. Game Theory is the study of strategic interactions
between rational decision makers. The module examines optimal individual
behaviour in a variety of settings and how this leads to an equilibrium. We cover
static games and dynamic games of complete and incomplete information. A good
knowledge of mathematics is required as the module is based around solving
mathematical models.

Who should do this module?

This module is available to students in BSc Economics as well as BSc Economics &
Management. It is aimed at students with a strong economics and mathematics
background. This module will be useful if you are thinking of taking Experimental
Economics or if you plan to go on to further studies in economics after your
undergraduate. You are strongly encouraged that you take Game Theory if you
would like to take Advanced Microeconomics in the third year.

Key text or background reading

Tadelis, S. (2013). Game theory: An Introduction. Princeton University Press.
 5QQMN213

Provisional Lecture Outline

Lecture 1: Introduction to Games and Strategies

Lecture 2: Static Games of Complete Information & Nash Equilibrium

Lecture 3: Applications of Nash Equilibrium

Lecture 4: Mixed Strategies

Lecture 5: Dynamic Games of Complete Information

Lecture 6: Mid-Term Text

Lecture 7: Credibility & Sequential Rationality

Lecture 8: Strategic Bargaining

Lecture 9: Games of Incomplete Information (Bayesian Games)

Lecture 10: Signalling & Cheap Talk

 5SSMN228

5SSMN228 - Module Information Sheet 2022/23

Module Code 5SSMN228
Module Title Industrial Organisation
Module Leader Stephen Pratten
Credit Value 15
Semester 1
Pre-requisites to take this module N/A
This module is a pre-requisite for N/A
Lectures Weekly lecture
Tutorials Weekly tutorial
Assessment 45% Coursework
45% Coursework
10% Tutorial Assessment

What is the module about?

This module critically examines a range of approaches within the field of industrial
organisation. Fundamental theoretical questions are addressed such as: What is the
nature of the firm? How do firms grow? What is distinctive about the modern
corporation? What are the essential characteristics of successful industrial districts?
What is the nature of the market? What are quasi-markets and why (and with what
effects) have they been introduced into sectors like health and broadcasting? The
module introduces various modern economic perspectives including: Transaction
Cost Economics, Contractual, Resource-Based and Institutional theories of the firm,
Evolutionary approaches to Industrial Organisation and accounts of the market order
which highlight the role of social rules, relationships and conventions in the
functioning of competitive processes. Throughout the module theoretical
perspectives are illustrated via reference to relevant (firm level or industry wide) case
studies many of which have an international focus. An aim of the module is to
provide students with both an appreciation of competing theoretical positions and an
ability to evaluate their strengths and limitations. A further aim is to ensure students
have an awareness of how recent developments in the theory of the firm and
analysis of market coordination relate to previously dominant perspectives. Students
will obtain a clear understanding of how these theories have been applied. The
module also examines the implications of these theoretical approaches at the level of
policy with reference made to the recent promotion of market like structures in the
certain public sectors.

Who should do this module?

This module will be of interest to anyone keen to understand better key economic
and social institutions such as the firm, the corporation and the market. The module
will also be of interest to those eager to understand the full range and diversity of
 5SSMN228

modern economic perspectives on industrial organisation. The focus on the

evaluation of quasi-market initiatives means that the module will be relevant for
those interested in debates in public policy. The module provides a thorough
theoretical and methodological grounding for students who may wish to pursue
further advanced modules in economics and strategy later in their programmes of
study.

Key text or background reading

Putterman, L. and Kroszner, R, eds, 2009, The Economic Nature of the Firm: A
Reader, third edition, Cambridge University Press, Cambridge. [Background]

Buckley, P and Michie, J, 1996, Firms, Organisations and Contracts, Oxford

University Press, Oxford. [Background]

Watson, M, 2018, The Market, Agenda Publishing, Newcastle. [Background]

Coase, R, 1988, The Firm, the Market and the Law, University of Chicago Press,
Chicago. [Background]

Murphey, M, 2018, Thorstein Veblen: Economist and Social Theorist, Routledge,

London. [Background]

Provisional Lecture Outline

Lecture 1: Introduction to Industrial Organisation/ Coase on the Nature of the Firm

Lecture 2: Transaction Cost Economics: Theoretical Framework & Illustrative

Applications

Lecture 3: Marx on the Nature of the Capitalist Enterprise

Lecture 4: Veblen on the Business Enterprise

Lecture 5: Resource Based Theories of the Firm

Lecture 6: Adam Smith’s Conception of the Market

Lecture 7: Hayek on Competition as a Discovery Procedure

Lecture 8: Co-operation and Competition: Trust, Networks and Inter-Firm Relations

Lecture 9: Quasi-Market Reforms: The Case of Broadcasting

Lecture 10: Quasi-Market Reforms: The case of Health

 5QQMN201

5QQMN201 - Module Information Sheet 2022/23

Module Code 5QQMN201
Module Title The Economics of Energy and Climate
Module Leader Dragos Radu
Credit Value 15
Semester 2
Pre-requisites to take this module N/A
Lectures Weekly lecture
Tutorials Weekly tutorial
Assessment 70% Examination
30% Group Assessment
Group Allocation Assigned by module leader

What is the module about?

This module is a streamlined introduction to climate change science aimed towards

students of economics and business. It provides the basics to understand the
physical challenges of sustainable development and the key role of businesses in
tackling climate change. To avoid the worst consequences of the climate crisis –
large-scale biodiversity loss, land degradation, extreme weather events, climate
injustice, mass migration and other worrisome social implications – anthropogenic
greenhouse gas (GHG) emissions need to be halved every decade, reaching
negligible values by 2050-2060.

The main source of anthropogenic GHGs being energy production and consumption,
this module addresses: i) the various demographic, technological, and economic
drivers of societal energy consumption, ii) existing concepts and models to assess
the damages from climate change and iii) possible public policies and business
strategies addressing energy consumption and its GHG footprint. Tackling climate
change requires organisational purpose – our discussion will highlight therefore the
responsibility and actionable levers that businesses have at their disposal in
addressing societal energy consumption.

Who should do this module?

Students interested in sustainability and the economics of energy and climate.

Key Textbooks

Grubb, M., 2014. Planetary economics: energy, climate change and the three
domains of sustainable development. Routledge.

MacKay, D., 2008. Sustainable Energy-without the hot air. UIT Cambridge.
 5QQMN201

Background Reading

Nordhaus, W.D., 2021. The Spirit of Green: The Economics of Collisions and
Contagions in a Crowded World. Princeton University Press.

Stern, N.H., 2007. The economics of climate change: the Stern review. Cambridge
University Press.

Tol, R.S., 2019. Climate economics: economic analysis of climate, climate change
and climate policy. Edward Elgar Publishing.

Auffhammer, M., 2018. Quantifying economic damages from climate change. Journal
of Economic Perspectives, 32(4), pp.33-52.

Provisional Lecture Outline

Part I: Energy and Climate

Lecture 1: Basics of climate science: planetary energy balance and greenhouse
gases

Lecture 2: Energy technologies, their sustainability and technological transitions

Lecture 3: Case study: Digitalisation and the energy efficiency gap

Part II: Economic Modelling of Climate Impacts

Lecture 4: The social costs of carbon: Integrated Assessment Models

Lecture 5: Estimating economic damages from climate change

Lecture 6: Global impacts: abatement costs, trade and foreign direct investment

Part III: Climate Policy Design and the Key Role of Business
Lecture 7: Mitigation policies I: emission taxes versus cap-and-trade systems

Lecture 8: Mitigation policies II: technology development and diffusion

Lecture 9: Firm performance and organizational purpose

Lecture 10: Adaptation policy and international collective action for climate
change
 5QQMN202

5QQMN202 - Module Information Sheet 2022/23

Module Code 5QQMN202
Module Title Behaviour Economics of Organisations
Module Leader Leonie Gerhards
Credit Value 15
Semester 2
Pre-requisites to take this module 5SSPP217 Microeconomics or
5SSMN239 Intermediate Microeconomics
Lectures Weekly lecture
Tutorials Weekly tutorial
Assessment 80% Examination
20% Presentation

What is the module about?

This module gives students a thorough introduction to the field of behavioural

organisational economics. We will discuss seminal as well as current research
papers in the field, featuring empirical studies as well as lab and field experiments.
The ultimate aim of the module is to transfer research findings to real-world
applications in organisations.

We will study employment relationships between workers and organisations and get
to know key factors that shape them in a positive way. We will focus on the two
concepts of motivation and selection.

When it comes to the question of how to motivate workers on their jobs, we will
discuss desired as well as unexpected effects incentives can have and examine the
interplay between incentives, on the one hand, and cultural and psychological factors
on the other. Besides analysing financial incentives, we will consider “psychological”
incentives, including workers’ intrinsic satisfaction of a job well done and perceptions
that one is treated fairly.

When it comes to selection and hiring, we tackle the question of how to best match
candidates to jobs. We will look at which types of workers are attracted by specific
organisational cultures that, for instance, emphasise competition or, conversely,
cooperation between workers. We will also find out more about how to detect
discrimination in the hiring process – and discuss measures that can help to mitigate
or even eliminate it.
 5QQMN202

Who should do this module?

This module is intended for students who are interested in studying the economics of
organisations and who are keen on learning more about the field of behavioural
economics. We will study how psychological and social factors shape individuals’
behaviour in organisations.

Throughout the module, we will use simple formal models to organise ideas and to
derive testable hypotheses. Many of the empirical results we will study come from
experiments, ranging from laboratory studies of basic human interactions to large-
scale field experiments where researchers have worked closely with organisation to
test effects of HRM policies on employee performance. In the beginning of the module,
we will therefore introduce some of the basics of the experimental methodology.

Students won’t need an econometrics course to understand the studies that we will be
discussing. But having had such a course will deepen the appreciation of what these
studies do. We will also run into a little game theory as students know it from
microeconomics modules. And again, although students won’t need to be experts in
game theory to understand the simple models in this module, their understanding will
be enriched if they have a bit of background in this area.

Key Textbooks
Most of the course is based on academic journal articles.

There are some weekly readings taken from the textbook:

Kuhn, Peter. Personnel Economics. Oxford University Press, 2018.

Background Reading
Camerer, Colin F., and Ulrike Malmendier, 2007. "Behavioral Organizational Economics." In
Peter Diamond and Hannu Vartiainen, eds., Behavioral Economics and Its Applications.
Princeton University Press. Pages 235-290.

Charness, Gary and Peter Kuhn, 2011. “Lab labor: What can labor economists learn from
the lab?” .”, In Orley Ashenfelter, David Card, eds., Handbook of Labor Economics. Elsevier,
Volume 4, Part A. Pages 229-330.

List, John A. and Imran Rasul, 2011. “Field Experiments in Labor Economics.”, In Orley
Ashenfelter, David Card, eds., Handbook of Labor Economics. Elsevier, Volume 4, Part A.
Pages 103-228.
 5QQMN202

Provisional Lecture Outline

Lecture 1: Principal-agent models

Lecture 2: Primer on lab and field experiments

Lecture 3: Pay for performance

Lecture 4: Reciprocity at work

Lecture 5: Relative performance incentives – pros and cons

Reading Week

Lecture 6: Selection into relative performance schemes

Lecture 7: Team performance incentives – pros and cons

Lecture 8: Selection into team incentive schemes

Lecture 9: Employee selection – issues of discrimination

Lecture 10: Revision session

 5SSMN933

5SSMN933 - Module Information Sheet 2022/23

Module Code 5SSMN933
Module Title Economics of Strategy
Module Leader Evagelos Pafilis
Credit Value 15 credits
Semester 2
Pre-requisites to take this module 5SSMN239 Intermediate
Microeconomics
or
5SSPP217 Microeconomics
This module is a pre-requisite for 6SSMN318 Managerial Economics
Lectures Weekly lecture
Tutorials Weekly tutorial
Assessment 85% Examination
15% Mid-Term Assessment

What is the module about?

This course examines strategic interactions between firms and the determinants of
market structure. It builds on the material covered in intermediate microeconomics to
provide students with a theoretical and practical understanding of microeconomic
principles as applied to managerial decision making. The course concentrates on
oligopolistic industries. It covers the main oligopolistic models as well as various
aspects of such industries, including entry and exit, collusion and networks. As this
course uses maths, a good knowledge of calculus is desirable.

Who should do this module?

This course is available only to students who took a second-year microeconomics

course in the first term (either 5SSMN239 or 5SSPP217). It is aimed at giving
students a deeper understanding of firm behaviour. Although this course takes a
game-theoretic approach, no prior knowledge of game theory is required (please
note that some repetition of material should be expected by students that took
5QQMN213: Game Theory).

This module is required course if you would like to take Managerial Economics
(6SSMN318) in the third year.

Key text or background reading

• Besanko D., D. Dranove, M. Shanley and S. Schaefer (2017), Economics of

Strategy, 7th edition, International Student Version, John Wiley & Sons
 5SSMN933

• Pepall L., D. Richards and G. Norman (2014), Industrial Organization:

Contemporary Theory and Empirical Applications, 5th edition, John Wiley &
Sons
Provisional Lecture Outline

Lecture 1: Economies of Scale and Scope

Lecture 2: Games and Strategy

Lecture 3: Cournot Model

Lecture 4: Stackelberg Model

Lecture 5: Bertrand Model

Lecture 6: Entry and Exit

Lecture 7: Dynamics: Competing Across Time

Lecture 8: Networks

Lecture 9: Pricing

Lecture 10: Revision

 5SSMN936

5SSMN936 - Module Information Sheet 2022/23

Module Code 5SSMN936
Module Title International Trade
Module Leader Mary O’Mahony and Dragos Radu
Credit Value 15
Semester 2
Pre-requisites to take this module 5QQMB204 Intermediate
Microeconomics
or
5SSMN239 Intermediate
Microeconomics
or
5SSPP217 Intermediate
Microeconomics
This module is a pre-requisite for N/A
Prohibited combination Students who take 5SSMN936 cannot
take 6SSPP362 International Trade
Lectures Weekly lecture
Tutorials Weekly tutorial
Assessment 70% Examination
15% Coursework
15% Coursework

What is the module about?

This second-year module provides students with an understanding of international

trade in goods and services, international factor mobility and trade policy. It covers
theoretical models, that build on concepts covered in the first term microeconomics
modules, and practical discussions linked to the globalisation of economic activity.
The module will identify winners and losers from international trade and factor
mobility in specific scenarios and discuss policies that might mitigate the losses

Who should do this module?

This module is available to students in the Business School and students on the BSc
Economics programme. It should be of interest to students who want a deeper
understanding of international economic activity through the lens of economic
models. The course will be useful if you are thinking of taking International Finance
in your final year.

Key text or background reading

Feenstra, R and Taylor, A, International Economics, Worth MacMillan, 4 rd edition

(2017)
 5SSMN936

Provisional Lecture Outline

Lecture 1: Trade in the Global Economy, Comparative Advantage and the Ricardian
Model

Lecture 2: Trade and Returns to Labour and Capital

Lecture 3: Factor abundance: The Heckscher-Ohlin Model

Lecture 4: Trade with Imperfect Competition

Lecture 5: Offshoring of Goods and Services

Reading Week

Lecture 6: Globalisation and Factor Mobility: Capital and Labour

Lecture 7: The Economic Impacts of International Migration

Lecture 8: The Effects of FDI and other Global Financial Flows

Lecture 9: Tariffs and Quotas

Lecture 10: International Trade Agreements