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Globalization and Trade

This module I wrote as a continuation of the previous module on supply and demand.  This one shows a fairly typical second level course in economics is goes on to look at some of the main topical themes in economics today. It is focused on Hong Kong.

This Module continues on from the material covered in the Introduction to Economics core module.   This module is designed to give students an understanding of the importance of and issues associated with international trade and globalization.

This module aims to contribute to that understanding by enabling students to develop an appreciation of economic concepts and theories through a critical consideration of current economic issues, problems and institutions that relate to the area of international trade and globalization.

This module will expose students to the economic concepts and give them the economic tools to be able to understand where Hong Kong fits into the Global economy.  Hong Kong will be used as the main focus of this module.  Consideration will be given to the increasingly close and interconnected economies of Hong Kong and China.  Students will be expected to be able to apply their economic knowledge to issues associated with this economic relationship.

This module serves to help students develop an appropriate way of thinking about globalization and international trade through a Hong Kong perspective. Students will be exposed to various theories and principles with a variety of examples.  This module will also provide an opportunity for students to apply various economic tools to the current economic and future economic relationship with China.

This module seeks to cover economic theories and concepts in the context of ‘real world’ issues to keep the subject firmly rooted in the everyday life experience of the students.

The module introduces students to both the theory related to International Trade and many of the issues associated with globalisation.  The module focuses on the following areas:

q       The nature and reasons for trade.

q       Protectionism versus free trade

q       Balance of payments

q       Exchange rates

q       Hong Kong’s trading patterns

q       Hong Kong trading relationship with China

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