an individual piece of work
This is an individual piece of work
FN5006: Word count 3000 words Weighting: 100% of the total mark
FN5006T: Word count 4000 words Submission deadline:
24th March 2015
Learning Outcomes Evidenced by this assignment:
Submission procedure: Submission of this coursework is through Turnitin
Return of feedback and marked work:
Your marked assignment together with individual feedback would be made available to you through Turnitin.
Learning outcomes evidenced by this assignment
1. Explore the effects of global trading which can influence employment and growth in different countries.
2. Critically analyse ideas and suggest solutions to the crucial international problems facing the world.
3. Analyse and present findings on a researched topic.
4. Select and implement analytical techniques.
Details of the task
You are required to write an essay on the following:
1. a. Briefly explain why Hume and Smith were critical of the views of the Mercantilists. (250 words) (300 words for FN5006T)
b. The following Ricardian model provides the units of labour that are utilised to produce a unit of the following products. The wages paid in France is 7 Euros per hour whilst the wages paid in the USA it is $6.00 per hour.
Cloth Cheese Butter Wheat Sugar
USA 5hr 6hr 10hr 14hr 4hr
France 3hr 5hr 4hr 7hr 3hr
If the exchange rate is 1 Euro =US $1.50, which products will the USA export? Which products will France export? Explain how trade will be affected if there is a rise in wage rate in the USA to $8.00 per hour. With the original wage rates how is trade affected if the exchange rate changes to 1 Euro = US $1.40. (250 words) (300 words for FN5006T)
c. The five largest global traders are China, the USA, Germany, Japan and France. Discuss the importance of comparative advantage to these nations and support your answer with examples. Explain how relatively lower wages in China give it a great advantage in trade over others. What do you regard as the main weaknesses of the Ricardian model as an explanation of trade patterns? (800 words) (1000 words for 5006T)
2. Discuss the Leontief paradox and provide a summary of the work by Keesing and Baldwin on the importance of human capital in helping to resolve the paradox. (300 words) (400 words for FN5006T)
3. Differentiate between inter –industry and intra -industry trade and discuss why an increasing proportion of world trade today involves the exchange of differentiated products. (500 words) (600 words for FN5006T)
4. With the usage of a partial equilibrium approach, explain the real income loss from a tariff imposition by a small country. What is the consumer welfare loss? Why might consumers prefer a production subsidy rather than a tariff? (300 words) (400 words for FN5006T)
5. Discuss why Import Substitution Industrialization policies are a necessary step to the adoption of Export Oriented strategy for developing economies. (300 words) (500 words for FN5006T)
6. Discuss the usefulness of FDI in determining the growth and development of less developed countries. (300 words) (500 words for FN5006T)
The assignment instructions below provide more details of what your submission should include.
You must write the title of each part your essay in full as you write
• Your work must contain at least 20 in-text references together with a reference/bibliography list at the end
• You must follow the Harvard style for in-text referencing and for your end of list reference/bibliography
Your work should be word processed and it must be written in font size 12
• A spell check must be done on your work before submission
• Your work must be written in correct English grammar.
• Your end of list references must be organised in alphabetical order
• You are required to put references in the body of the essay
• Your arguments must be coherent and accurate.
• You must show a clear understanding of the main issues.
• Pages should be numbered and your name should not appear on the script.
• When preparing your work you could start with an essay plan and then write your essay in rough first
• Then make amendments and use a spell and grammar facility to check your work before final submission.
You can refer to your material provided in your skills modules to make sure that you have conformed to academic conventions. Pay particular attention to:
• How you compose your introduction, the body of your essay, paragraph structure and conclusion.
• You can refer to Info skills at http://writeitright.uelconnect.org.uk/home/
For usage of Harvard referencing as specified in the book Cite them Right.
• Refer to http://www.uel.ac.uk/lls/support/harvard.htm for further advice and a link to an online version of Cite them Right
• You should be careful to include citations within your work as well as a reference list at the end. You are required to have at least 20 in text references in your work. Unreferenced work will fail.
Submission to Turnitin of Work Submitted for Assessment
Your work must be submitted through Turnitin via Moodle. You have the opportunity to submit your work on Turnitin more than once as any earlier submission would be overwritten and only the final submission would be taken as your coursework submission. Your work must be submitted by seminar group on Moodle.
Turnitin Originality Reports will assist in the identification of plagiarised work submitted for assessment. The system compares submissions to material that is to be found: on the world-wide web; in its database of previous submissions; and in its growing number of databases of published articles.
All work submitted for assessment must be your own work.
Detailed guidance on how to submit your work to Turnitin will be made available on this Module’s Moodle site.
If you have any questions about Turnitin, you should go to “Frequently Asked Questions” at http://www.nlearning.co.uk/faqsearch.php?sol=turnitin. If you have any further questions, please email the Head of Student Compliance and Responsibilities, Toby Grainger (firstname.lastname@example.org).
The material that you submit to Turnitin will be marked. The deadline applies so you are advised to submit your work well before 11.00p.m, because it could take some time for your submission to upload, and the delay could cause the work to be received after 11.59pm on the deadline date.
Please be aware that the Turnitin site will advise you that late submissions are accepted. This is only for the purposes of allowing students who are claiming extenuation to submit their work.
Please read the material in the submission folder and make sure that you attach the feedback sheet as requested and save the document using the format for the name of the document as specified.
In marking essays credit will be given for:
• Demonstrating how well students have met the relevant general learning objectives
All work undertaken for assessment receives a mark on a percentage scale. In deciding the mark you are to be awarded, markers are guided by the following assessment criteria;
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