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Unit of study_
ECON6016: Trade and Development
This unit is designed to highlight the relation between trade and development from an institutional and structural perspective, with appropriate modifications of received general economic principles, theories and policies. It closely studies the integration process of traditional segment of a developing society into its modern counterpart in countries selected from Asia, Africa, Latin America, the Caribbean, and the Pacific regions. It examines role of the state and international institutions (like the International Monetary Fund, World Bank, World Trade Organization), rationale for trade, planning and market mechanisms in developing economies, and also socio-cultural preconditions and economic requirements for a market economy. It focuses on a wide range of developmental problems and issues (such as foreign aid, debt, investment, technology transfer) from both national and international points of view.
| Code | ECON6016 |
|---|---|
| Academic unit | Economics |
| Credit points | 6 |
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Prerequisites:
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ECON5001 or ECON5002 or ECON5040 or ECON6701 or ECON6702 |
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Corequisites:
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None |
| Prohibitions:
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None |
At the completion of this unit, you should be able to:
- LO1. understand economic, social, political, cultural, legal, commercial and business issues
- LO2. apply fundamental theories and concepts in diverse and unpredictable environments
- LO3. think critically about underlying theories, concepts, assumptions and arguments in trade and development related studies
- LO4. communicate effectively in verbal, written and group discussions to a professional standard in practical day-to-day life.
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