Browse Hierarchy BMGT5039: International Markets and Competition

The module aims to introduce students to the theory models and evidence that underpins economics and business analysis of product markets. The emphasis is on understanding, applying and evaluating theoretical frameworks which enable us to understand the operation and shortcomings of product markets in an international context. The module will thus consider the determination and significance of exchange rates and different exchange rate regimes (in theory and practice), theory of international trade, the costs and benefits of protectionism (including trading blocs), national and international measures to encourage competition and prevent anti-competitive behaviour and their rationale, and the international organisations that control and regulate free trade. It will also consider MNCs and FDI and the role they play in promoting international competition and global economic welfare.