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HI 5016 International Trade and Enterprise Assessment Answer

Assessment Task – Tutorial Question Assignment Unit Code:HI 5016

Unit Name:International Trade and Enterprise

Assignment:Tutorial Questions

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 nations.
  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

PlagiarismReproducing the work of someone else without attribution. When
a student submits their own work on multiple occasions this is known as self-plagiarism.
CollusionWorking with one or more other individuals to complete an assignment, in a way that is not authorized.
CopyingReproducing 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.
ImpersonationFalsely presenting oneself, or engaging someone else to present as oneself, in an in-person examination.
Contract cheatingContracting a third party to complete an assessment task, generally in exchange for money or other manner of payment.
Datafabricationand falsificationManipulating 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

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.

Assessment Question

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

Assessment Question

Question 3: Economies of Scale, Imperfect Competition and International Trade

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

Assessment Question

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. 

Labour

Assessment Question

International Factor Movements

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.

Assessment Question 

Trade Policy in Newly Industrialized/Developing Countries

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 figures.

Answer

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