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HI5016 International Trade Tutorial


Assessment Task – Tutorial Question Assignment

Unit Code:              HI 5016

Unit Name:             International Trade and Enterprise

Assignment:           Tutorial Questions

Due:                         Week 13, Tuesday October 13, 2020

Weighting:              Final examination weighting- Fifty percent (50%)

Word Limit:            ≤3,000

Purpose:                 This assignment is designed to assess your level of knowledge of the key topics covered in this unit

Unit Learning Outcomes Assessed:

1.    Acquire a broad understanding of the changing international trade and investment pattern among nations.

2.   Analyse how major models and theories explain international

trade and how nations benefit from international trade

3.    Comprehend the international factor movements, trade policy instruments, the arguments for protectionism and; the role of Regional  Trade  Agreements  and  the  WTO  in  promotion  of

international trade, investment and economic growth among


4.   Synthesise   the   theoretical   and   practical   knowledge   of

international  economics,  a  well-developed  understanding  of the language of international trade and the tools of trade policy used by policy makers in a nation.

Description:            Each week students were provided with three tutorial questions of  varying  degrees  of  difficulty.     The  tutorial  questions  are available in  the  Tutorial  Folder,  for each  week,  on  Blackboard. The Interactive Tutorials are designed to assist students with the process,  skills  and  knowledge  to  answer  the  provided  tutorial questions.  Your task is to answer a selection of tutorial question for weeks 1 to 11 inclusive and submit these answers in a single document.

Submission Directions:

Submit your solutions via Blackboard.  Each student is permitted only ONE submission to Blackboard.  You need to ensure that the document submitted is the correct one.

Academic Integrity

Holmes  Institute  is  committed  to  ensuring  and  upholding  Academic  Integrity,  as Academic Integrity is integral to maintaining academic quality and the reputation of Holmes’ graduates. Accordingly, all assessment tasks need to comply with academic integrity  guidelines.    Table  1  identifies  the  six  categories  of  Academic  Integrity breaches.  If you have any questions about Academic Integrity issues related to your assessment  tasks,  please  consult  your  lecturer  or  tutor  for  relevant  referencing guidelines and support resources.  Many of these resources can also be found through the Study Skills link on Blackboard.

Academic Integrity breaches are a serious offence punishable by penalties that may range  from  deduction  of  marks,  failure  of  the  assessment  task  or  unit  involved, suspension of course enrolment, or cancellation of course enrolment.

Table 1: Six categories of Academic Integrity breaches

Plagiarism                        Reproducing the work of someone else without attribution. When a  student  submits  their  own  work on  multiple  occasions  this  is known as self-plagiarism.

Collusion                          Working  with  one  or  more  other  individuals  to  complete  an assignment, in a way that is not authorized.

Copying                            Reproducing and submitting the work of another student, with or without  their  knowledge.  If  a  student  fails  to  take  reasonable precautions to prevent their own original work from being copied, this may also be considered an offence.

Impersonation                  Falsely presenting oneself, or engaging someone else to present as oneself, in an in-person examination.

Contract cheating             Contracting  a   third  party   to  complete  an  assessment  task, generally in exchange for money or other manner of payment.

Data    fabrication    and falsification

Source: INQAAHE, 2020

Manipulating or inventing data with the intent of supporting false conclusions, including manipulating images.

If any words or ideas used the assignment submission do not represent your original words or ideas, you must cite all relevant sources and make clear the extent to which such sources were used.  In addition, written assignments that are similar or identical to  those  of  another  student  is  also  a  violation  of  the  Holmes  Institute’s  Academic Conduct and Integrity policy. The consequence for a violation of this policy can incur a range of penalties varying from a 50% penalty through suspension of enrolment. The  penalty  would  be  dependent  on  the  extent  of  academic  misconduct  and  your history of academic misconduct issues.

All  assessments  will  be  automatically  submitted  to  SelfAssign  to  assess  their originality.

Further Information:

For  further  information  and  additional  learning  resources  please  refer  to  your

Discussion Board for the unit.

The questions to be answered are;

Assessment Question Week 2

Question 1: World Trade Overview and Gravity Model

In the 19th  Century Britain was trading with countries from distant locations such as North  America,  Latin  America,  Africa  and  Asia.  Today,  Britain  mostly  trades  with European countries. Examine the causes of the British changing trade pattern with reference to the Gravity Model.                                                           (7 Marks)

Assessment Question Week 4

Question 2: Resources and Trade: Heckscher-Ohlin (H-O) Model

How does the Ricardian model differ from the H-O theory in explaining international trade patterns among nations.                                                            (7 Marks)

Assessment Question Week 6

Question 3:  Economies of Scale, Imperfect Competition and International


Trade  need  not  be  the  result  of  comparative  advantage  but  it  can  be  a  result  of economies of scale. Discuss.                                                              (7 Marks)

Assessment Question Week 7

Question 4: International Factor Movements

Explain the effects of migration of labour between two nations. Use the figure below and the marginal product of labour concept to explain your answer.  (11 Marks)

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Assessment Question Week 10

Question 5:  Trade Policy in Newly Industrialized/Developing Countries

Infant  Industry  protection  is  a  key  solution  for  the  growth  of  industrialization  of developing countries. Discuss your answer by using the graph below and any other graph(s) that you can deem appropriate.                                            (7 Marks)



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Assessment Question Week11

Question 6: Controversies in Trade Policy

After the Seattle 1999 World Trade Organization Ministerial Conference fiasco, in the next   2   years,   large   anti-globalization   demonstrations   rocked   the   International Monetary  Fund  and  Work  Bank  in  Washington.  What  was  the  anti-globalization movement goal- and was it right? Explain you answer and where appropriate use a fiigure.                                                                                                 (11 Marks)