Course Aims and Learning Outcomes

Aims

The main aims of this course are:

1.   To develop a real-world understanding of international trade and the interactions between global markets, the domestic economy, and international business.

2.   To analyse trade data to gain an understanding of the impact of trade policies such as tariffs, quotas, and subsidies.

Learning outcomes

After successfully completing this course, students will be able to:

LO1.     Apply trade models to explain the reasons for and gains from international trade.

LO2.     Interpret data to describe patterns of international trade of goods and services between New

Zealand and the rest of the world.

LO3.      Illustrate the welfare impacts of trade policies and trade agreements using graphs.

LO4.      Explain the significance of global value chains and identify their determinants.

Course Content

The following table gives an indication of the timing of the content for this course.  It may be necessary to make adjustments to the timetable.

Learning and Teaching Arrangements

Learning and Teaching Approach

The learning and teaching approach is based on a combination of face-to-face lectures,                 interactive lecture/tutorials, on-line resources from the Akoraka | Learn course page, and office hours. Students are strongly advised to make full use of all available learning opportunities

Online Learning Activities

     Self-study   material, review   material, other   relevant   course material, and assessment

activities will be made available on the course Akoraka | Learn page. Akoraka | Learn will also be used as a means of communication with the class and students are advised to check their       course page, the My Akoraka | Learn dashboard, and their “@lincolnuni.ac.nz” email regularly.

     All classes will be recorded and these recordings will be available on the Akoraka | Learn course

page.

Lecture Notes

Lecture notes will be posted on Akoraka | Learn.  It is important to note that the images shown in    lectures will not all be available in the pdf version of the notes, as copyright regulations prevent this. Some / All readings will be placed on the relevant Akoraka | Learn course page.

Assessments

The schedule of assessments and their contribution to the overall mark for the course is as follows:

Assessment Details

Note: all assessments will be either completed or submitted electronically.

More detail regarding the formal assessment (e.g.  Rubric for marking, rubric for group assessment, etc.) Will be provided on the course LEARN page as the semester progresses.

Assignments

All assignments will be group assignments. Each group of students will interpret and analyse international trade data for a particular country and her major trade partners including New Zealand. Each assignment will  highlight  one  aspect of  international trade  and will  require each group to  obtain  key  statistical information on the selected countries. The objective is to develop the skill of interpreting data to provide an explanation for the changes in the trade patterns across countries. More instructions will be made available on the course webpage.

Final Presentation

Each group will present the summary of their findings from each assignment for the country they will analyse during the semester.

Test & Final Examination

The two tests will focus on problem-solving questions you will do as part of the tutorials each week.

However, these tests are ‘partially redeemable’, but the final exam is NOT redeemable. Redeemability implies that should you receive a better grade in your final exam than on the MTT, you can shift the weight of the test to the final exam, i.e., your final exam can count for 75% of your final grade. However, you need to  have a  pass  mark to  qualify for  redeemability.  If your  score for  MTT  is  less than 50%, the redeemability clause will not be applicable.

Note:  The in-term assessments are essential for your learning and practice; and for us to evaluate       your progress. Doing well in the in-term assessments will generally mean you have better preparation for the final exam.  Your in term marks also allow us to calculate an aegrotat mark if you are sick and miss the final exam.  Redeemability is intended as a ‘reward’ for students who study hard but take a   while to come to grips with the material, or in case someone ends up doing badly despite having the   best preparation. It is NOT there as an incentive to leave everything until the last minute and cram for the final exam. Intentionally missing tests is usually a very unsuccessful strategy

Final examination – face-to-face

The final examination is THREE hours in duration and will be completed in person on campus. Material covered during lecture, self-study and online material, review material, assigned readings and                supplementary material are examinable unless otherwise stated by the Examiner.  A review session for the final exam will be held on Tuesday, 18 October, Week 12.

Academic Penalties

     In order to be awarded a pass grade in the course students must attain 40 percent or more  in the

final examination and 50 percent or more in the course overall.

     A student may  receive a grade of F (fail) for this course if they obtain a mark of 50% or more in

the course overall, but obtains a mark of less than 40 percent in the final examination.