International and Development Economics

Building on the economic knowledge learned during the first two years, the course focuses on international economics to promote an understanding of how the different public and private market participants operate in a global economy.
Students are introduced to the main theories underlying international flows of trade to understand how international trade can contribute significantly to economic growth. Students also analyse the concepts underlying the international monetary economy, with particular focus on open economy macroeconomics, monetary policy and foreign exchange markets to better understand how these influence different countries' economic development.
Active classroom participation is strongly recommended as it plays an essential role in training students in subject-specific investigative methods and the specialist terminology used to discuss the subject.

Upon completing the course, students will understand and be able to explain why international trade can be mutually advantageous for all parties involved irrespective of their stage of development, and will have a grounding in the international monetary economy and the main instruments used to operate in international markets. By actively taking part in lessons, students will also gain a firm grasp of subject-specific terminology and will understand (and be able to comment critically on) how global economic events ensuing from the decisions of public and private market participants influence the economy, economic policy and growth in all countries.
Students will be able to use the knowledge they have acquired to seamlessly continue their studies in the field of international economics and to work in the different professional roles for which the degree programme aims to prepare.