Subject: Economics

Essay Guidance
using appropriate data and diagrams; and the Harvard Referencing System:

1. The essay must be well structured and theoretically grounded. The question must be clearly addressed and your arguments should be based on the theories and information covered in the module.
2. You need to make an argument that continues throughout your essay. Rather than just present both sides of the argument you must include your own judgement. This does not necessarily mean creating your own completely original arguments, what it does mean is that you need to justify why you have made the arguments you have. For example, why do you believe Argument A is superior to Argument B?
3. In making an effective argument throughout your answer you still need to consider the other side of the argument. This might involve explaining what the other side of the argument is, and then criticising the argument. In doing so you can use this criticism to explain why your chosen argument is superior. You must critically evaluate the ideas and concepts you discuss.
4. Make sure that your essay has a well thought out introduction and conclusion. The introduction should tell the reader what you are going to argue and how you are going to do it. This might include explaining which thinkers you are going to draw on etc. The introduction does not need to be long, but it does need to be clear. The conclusion should be a mirror of the introduction; it should sum up the main arguments made in the essay. No new information should be introduced in the conclusion.
5. There is no one right answer. There are many ways to answer the questions set. As long as your answer is well argued and justified you will get a good mark.
6. You must reference your essay with page numbers. You can use any referencing system you wish as long as it is consistent. Try to avoid non- academic sources such as Wikipedia, the BBC etc. Always include a bibliography. When quoting directly, use quotation marks, when referencing a specific idea from an author provide the page reference for that idea. If you wish to reference a more general idea, reference the book or journal article that the idea can be found in.

module details:

Krugman, P., Obstfeld, M., Melitz, M. (2015), International Trade: Theory and Policy, 10th Edition, Pearson

Lecture 1 – Chapter 2 – World Trade – An Overview

Lecture 2 – Chapter 3 – Labor Productivity and Comparative Advantage – The Ricardian Model

Lecture 3 – Chapter 5 – Resources and Trade – The Heckscher Ohlin Model

Lecture 4 – Chapter 6 – The Standard Trade Model

Lecture 5 – Chapter 9 – The Instruments of Trade Policy

Lecture 6 – Chapter 10 – The Political Economy of Trade Policy

Lecture 7 – Chapter 21 – Optimum Currency Areas and the Euro

Lecture 8 – Chapter 14 & Chapter 15 – Money, Interest Rates, the Foreign Exchange Market