EINT3715: 2024
INTERNATIONAL
ECONOMICS
NQF level 7
[20 Credits]
Department of Economics
and Finance
Faculty of Economic and
Management Sciences
Compiled by
Dr Arno van Niekerk
& Dr Calvin Mudzingiri
TABLE OF CONTENTS
1.
Welcoming.................................................................................................................... 5
2.
Contact Sessions ......................................................................................................... 7
3.
Study Material .............................................................................................................. 7
4.
Assessment .................................................................................................................. 8
5.
Amendment of module information and resources ................................................... 8
6.
Module Outcomes ........................................................................................................ 8
7.
Learning Units (Module Journey) ............................................................................... 9
Table 1: Icon Library
Icon
Description
Welcoming message and lecturer information
Action words, terms and concepts that need to be understood
Prerequisites of the module
Face-to-face contact sessions
Activities to be completed individually (preparation). You may still ask for
feedback from your tutor or lecturer when you encounter aspects that
you have difficulty with
Unit-specific study material for the module
Resources to be consulted (such as the textbook, additional reading
material, etc.)
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The roadmap that contextualises (puts into perspective) the different
pieces of information in the module
An indication of an important reminder/caution from your lecturer
Assessment questions and opportunities
Assessment criteria for the module
A learning unit
Learning unit overview for a specific unit
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1. WELCOMING
Dear student,
Welcome to EINT3715, International Economics! We are looking forward to be teaching to you
this module. Here is all the information that you will need to contact me, as well as other
relevant staff in the Department of Economics and Finance.
BLOEMFONTEIN CAMPUS LECTURER:
Lecturer:
Dr Arno van Niekerk
Office number:
FFG 335
Email address:
niekerka@ufs.ac.za
Phone number:
051 401 3271
Consulting hours:
Wednesdays, 12:00 – 13:00
PLEASE ADHERE TO THIS SLOT OR SPEAK TO ME AFTER CLASS.
Note: I will only see students a day before the test that made an
appointment in advance. No last minute, unplanned discussions.
QWAQWA CAMPUS LECTURER:
Lecturer:
Dr Calvin Mudzingiri
Office number:
B16 EMS Building
Email address:
mudzingiric@ufs.ac.za
Phone number:
058 718 5069
Consulting hours:
Wednesday, 15:00 – 16:00
Monday, 15:00 – 16:00
PLEASE ADHERE TO THESE SLOTS AT ALL TIMES.
Note: I will only see students a day before the test that made an
appointment in advance. No last minute, unplanned discussions.
BLOEMFONTEIN CAMPUS SECRETARY
Name:
Me Kedi Willie
Office number:
FGG 333
Email address:
WillieKN@ufs.ac.za
Phone number:
051 401 7744
Consultation hours:
Mondays - Fridays, 9h00 – 16h00
BLOEMFONTEIN CAMPUS MARKS COORDINATOR
Name:
Mrs H. Van Tonder
Office number:
FGG 346
Email address:
vtonderh@ufs.ac.za
Phone number:
051 401 2166
Consultation hours:
Tuesday, 10:00-12:00
Thursday, 10:00-12:00
QWAQWA CAMPUS SECRETARY
Name:
Mr. Thabiso Moteka
Office number:
EMS Building B17
Email address:
motekatp@ufs.ac.za
Phone number:
058718 5115
Consultation hours:
Mondays - Fridays, 9h00 – 12h30
QWAQWA CAMPUS MARKS COORDINATOR
Name:
Dr Calvin Mudzingiri
Office number:
EMS Building B16
Email address:
mudzingiric@ufs.ac.za
Phone number:
058 718 5069
Consultation hours:
Mondays - Fridays, 09h00 – 12h30
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2. CONTACT SESSIONS
Please consult the UFS official class timetable (available at: http://www.ufs.ac.za/adhocpages/quick-links/official-timetables) for the dates, venues and times scheduled for contact
sessions.
ENGLISH CLASSES for Bloemfontein Campus
DAY
PERIOD
TIME
VENUE
Monday
6
12:10-13:00
STB 4
Wednesday
5
11:10-12:00
HMS
Thursday
2
8:10-9:00 (as needed)
MAB Aud
ENGLISH CLASSES for QwaQwa Campus
DAY
PERIOD
TIME
VENUE
Wednesday
4&5
11:10- 13:00
B4
Monday
7&8
08:00-10:00
NS27
3. STUDY M ATERIAL
PRESCRIBED TEXT BOOK(S)
 Appleyard, D. and A. Field (2016) International Economics. 9th edition.
McGraw-Hill.
Available as an eBook:
https://www.vitalsource.com/za/products/international-economicsappleyard-dennis-v9781526814975?term=Economics%2C+Appleyard
ADDITIONAL:
 Salvatore, D. (2011). International Economics, 10th edition. John Wiley.
 Mohr, P. (2016). Economic Indicators – fifth edition. Van Schaik Publishers
 South African Reserve Bank, http://www.reservebank.co.za/
 Department of Trade and Industry, http://www.dti.gov.za
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Additional study material will be provided on Blackboard.
4. ASSESSMENT
The Faculty's test timetable is available on the web at the following address:
http://www.ufs.ac.za/ekon
PLEASE NOTE: It is possible that scheduled test dates can change. It is the student’s
responsibility to be up to date with the latest test dates.
Your semester mark will be calculated as follows:
International economics (you can only write two out of the following three tests):
Test 1: 13 March 2024 (during class time)
35 marks
Test 2: 24 April 2024 (during class time)
35 marks
Test 3: 22 May 2024 (during class time)
35 marks
CSL-project: 25 March 2024
15 marks
Assignment 1: 6 May 2024
15 marks
Semester mark
100 marks (Weight: 60%)
Examination:
(Weight: 40%)
To gain entrance to the examinations, the student’s record must be complete, i.e. at least
two tests (any two of the three tests) must have been written and assignments submitted. If a
student writes the first two tests, the third test may NOT be written to improve marks. No
letter from the doctor is needed for writing Test 3 if one of the previous two tests were missed.
5. AMENDMENT OF MODULE INFORMATION AND RESOURCES
The work schedule and syllabus (study material) can be amended, verbally or in writing, by
the lecturer or the Department of Economics and Finance at any point in time. It is the
responsibility of the student who is registered for the module to stay up to date with the
schedule and syllabus. Such announcements and changes can be made during face-to-face
contact sessions (classes) or via communication on Blackboard. We recommend that students
go on to Blackboard daily to stay up to date regarding any changes in EINT3715. Any work
that is covered in the contact sessions can be used for assessment purposes.
6. M ODULE O UTCOMES
The AIM of this course is to introduce students scientifically into the inclusive world of
international economics, so that at the conclusion of the course students will be able to:
 define, describe, comprehend and apply the concepts and terminology used in
international economics;
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



explain and clarify international trade between countries;
describe international payments between countries;
comprehend and indicate where South Africa stands in the international economy
(trade, payments and relations); and
interpret the role of globalisation in global economic cooperation and integration.
OVERALL OUTCOME:
At the end of this course/module, the student must be able to:
understand and apply the principles of international economics (including
regionalism and globalisation).
LEARNING SPECIFIC OUTCOMES:
1. Learners must be able to master and apply the principles of International trade.
2. Learners must be able to analyse and apply the theory and principles of the
international trade policy.
3. Learners must be able to identify exchange rates and also to understand and apply its
integration with other economic variables.
4. Learners must be able to describe and analyse the balance of payments and show its
implications for policy purposes.
5. Learners must have a thorough understanding of the bigger picture of globalisation in
order to properly interpret and explain the realities of the international economy.
7. LEARNING UNITS (M ODULE JOURNEY)
1. ORIENTATION
2. WHY NATIONS TRADE: THE CLASSICAL THEORY
 Globalisation: Article 1
3. WHY NATIONS TRADE: THE MODERN THEORY
 Globalisation: Article 2
4. THE BASIS OF TRADE: LABOUR PRODUCTIVITY AND FACTOR PROPORTIONS
5. TRADE THEORY: NEW APPROACHES AND EXTENSIONS
 Globalisation: Article 3
LEARNING SPECIFIC OUTCOME 1
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6. TRADE UNDER CHANGING CONDITIONS
 Globalisation: Article 4
7. GOVERNMENT INTERVENTION
LEARNING SPECIFIC OUTCOME 2
8. ECONOMIC INTEGRATION AND CO-OPERATION
 Globalisation: Article 5
9. INTERNATIONAL TRADE, TRADE POLICY AND ECONOMIC DEVLEOPMENT
(AND SA TRADE POLICY ISSUES)
10. EXCHANGE RATES DETERMINATION
 Globalisation: Final discussion & video
LEARNING SPECIFIC OUTCOME 3, 4 & 5
ASSIGNMENT/ INDEPENDENT RESEARCH (15%)
As part of completion of this semester, each student has to hand in an assignment (the
result of his/her own independent research) – no later than Monday, 6 May 2024 at any time.
This assignment should comply with the following:
 A clear aim and research question should be stated in the Introduction.
 The length of the assignment should be about 2000 words.
 A clear Conclusion at the end – in which the stated research question is answered.
 References and cross-referencing should be done scientifically by using the Harvard
method, for example.
 Your assignment should first be submitted on Turn-It-In on Blackboard to check for
plagiarism. The final submission can be done electronically on Blackboard.
Your assignment should address one of the following issues:
 South Africa and the effect of trade agreements on our economy.
 Capital flows to and from South Africa since 2010.
 The contribution of South African imports and exports since 2010.
 South Africa’s main trading partners since 2010.
 Globalisation and economic integration.
 The impact of technology on the global economy.
 Any topic of your own (regarding international economics) that has been approved by
the lecturer.
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25 March 2024
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Group Assignment structure
1. Define the terms chosen and
background information of the terms with
reference to South Africa.
2. Draft a questionnaire with international economics terms, your group questions should be
the same.
3. You may include the following demographic information in the Questionnaire:
i)
Gender
ii)
Level of education
iii)
Occupation
iv)
Age
4. Write the objective of your research, that is, why you are carrying out the research?
5. Ask interviewee questions on international economics from you drafted questionnaire, then
explain the concept in detail to them if they cannot answer the question properly.
6. Interviewee should air his opinion about the interview to be included at the end of their
responses.
7. After collecting the data analyze the percentages of people who are knowledgeable and not
by gender, level of education, occupation and age.
8. From your findings what makes one knowledgeable?
9. What did you learn from your research?
10. Are there policy interventions that can be implemented in the society?
11. Create a table like the one below to help you analyze the data you collected.
Question
Qn 1
Qn 2
Gender
Knowledgeable Not
knowledgeable
Male Female Total
male female male
female
Eg 25 25(50%) 50
15
10(40%)
(50%)
(100%) (60%)
Know
Do not know
30 (60%) 20 (40%)
Up to Q10
Total
LASTLY:
To be SUCCESSFUL in this course, insight, organised study, problem-solving, graphical
illustrations and class attendance are all essential prerequisites. Problems which might arise
in connection with test or submission of assignments must be discussed with the lecturer
beforehand. Queries with regard to the marking of tests must be referred to the lecturer within
a week after the test marks have been made available. Medical certificates must be personally
submitted to the lecturer so that the dates for an oral or written test can be arranged. Medical
certificates may not be submitted more than a day after their expiry date. Good luck with the
course and ENJOY IT!
He who teaches people facts, lives for today
and dies when facts have changed.
But he who teaches people to THINK, lives forever
as long as thought does reign.
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COVER PAGES FOR ASSESSMENTS
All students registered for modules in the Faculty must use the cover page(s) provided on the following
pages as a front page when handing in any assessments (excluding tests and examinations). There are
two cover pages; one for individual assessments and one for group assessments. The last cover page
that consists only of group members’ details will only be applicable if there are more than 8 members
in a group. These cover pages will also be available electronically on I-LEARN (Blackboard).
FACULTY OF ECONOMIC AND MANAGEMENT SCIENCES
COVER PAGE FOR INDIVIDUAL ASSESSMENTS
MODULE CODE:
SURNAME:
INITIALS:
STUDENT NUMBER:
DUE DATE:
DECLARATION BY STUDENT
I have read the University’s Policy on the Prevention of Plagiarism and Dealing with Academic Writing
Misconduct:
I understand that I must:
1. abide by all the directives of this Policy, the Assessment Policy, course guides, specific and general
regulations and assessment requirements;
2. seek assistance if I am unsure about appropriate citation and referencing techniques;
3. accept responsibility for having full knowledge of the Policy;
4. submit only my own work for any form of assessment, except where:
the work of others is appropriately acknowledged; and
the assessor/moderator has required, or given prior permission for, group or collaborative work to
be submitted;
5. refrain from intentionally or negligently deceiving the reader by preventing my own work from being
copied by another student, who may or may not have an intentional or negligent aim to deceive the
reader;
6. be aware that according to the Policy, measures for all Level Four violations and repeated Levels
One, Two and Three violations are reported and investigated in accordance with the UFS Statute on
Student Discipline (see Chapter XIII, pp 50 – 58); and
7. include with my assignment an electronic report of the software programme if required/where
applicable.
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D
SIGNATURE
STUDENT NR
D
M
M
Y
Y
DATE
MARK:
PERCENTAGE:
%
COMMENTS FROM ASSESSOR:
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Y
Y
FACULTY OF ECONOMIC AND MANAGEMENT SCIENCES
COVER PAGE FOR GROUP ASSESSMENTS
MODULE CODE:
GROUP NAME:
DUE DATE:
DECLARATION BY GROUP
We have read the University’s Policy on the Prevention of Plagiarism and Dealing with Academic Writing
Misconduct:
We understand that we must:
1. abide by all the directives of this Policy, the Assessment Policy, course guides, specific and general
regulations and assessment requirements;
2. seek assistance if we are unsure about appropriate citation and referencing techniques;
3. accept responsibility for having full knowledge of the Policy;
4. submit only our own work for any form of assessment, except where:
the work of others is appropriately acknowledged; and
the assessor/moderator has required, or given prior permission for, group or collaborative work to be
submitted;
5. refrain from intentionally or negligently deceiving the reader by preventing our own work from being
copied by another student, who may or may not have an intentional or negligent aim to deceive the
reader;
6. be aware that according to the Policy, measures for all Level Four violations and repeated Levels One,
Two and Three violations are reported and investigated in accordance with the UFS Statute on Student
Discipline (see Chapter XIII, pp 50 – 58); and
7. include with our assignment an electronic report of the software programme if required/where
applicable.
SURNAME
INITIALS
STUDENT NUMBER
SIGNATURE
1
2
3
4
5
6
7
8
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8.MODULE JOURNEY MAP TEMPLATE
A module journey map should be followed of all the learning units (and themes, if
applicable) that will be covered in the module. The purpose of the module journey map is to
give students a visual overview of what to expect during the course of the module.
Module journey map template.
UNIT 10: Exchange Rates Determination.
Globalisation Video and final discussion
10
UNIT 9: International Trade, Trade Policy and Economic
Development (and SA trade issues. Globalisation. Art. 5
UNIT 4: Labour productivity
and factor Proportions
UNIT 2: Why
Nations Trade:
Classical theory
Globalisation
Article1
2
1
UNIT 7: Government
intervention; Glob
Art.4
9
8
7
UNIT 8: Economic integration
and Co-operation.
Globalisation Art. 5
UNIT 6: Trade under
changing Conditions; Glob.
3
Art 3
5
4
UNIT 5: New approaches and extensions,
globalisation Article 2
UNIT 3: Why Nations Trade: Modern Theory, Globalisation 2nd
half atricle1
6
UNIT 1:
Orientation
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