International Trade theory and Policy: ECO 321/E, Supplementary Examinations November 2024
| dc.contributor.author | Ndesi, N. | |
| dc.contributor.author | Tendengu, S. | |
| dc.contributor.author | Gcadana, N. | |
| dc.contributor.author | Vacu, N.P. | |
| dc.date.accessioned | 2025-07-02T06:32:43Z | |
| dc.date.available | 2025-07-02T06:32:43Z | |
| dc.date.issued | 2024 | |
| dc.description.abstract | This supplementary examination paper for ECO 321/321E, "International Trade Theory and Policy," is a 3-hour assessment worth 100 marks. The paper is divided into three sections: Section A (compulsory), Section B (answer any two questions), and Section C (compulsory). Section A focuses on trade protection, requiring students to explain three arguments for trade protection and critically discuss their relevance in the South African context. Section B delves into various international trade theories and concepts. Question 2 presents a scenario involving China and Dubai, requiring students to determine absolute and comparative advantages, pre-trade relative prices, and opportunity costs of production for televisions and computers based on given input requirements. Question 3 asks for illustrations and explanations of the product cycle hypothesis and the Linder theory, along with a discussion of the limitations and criticisms of Mercantilism. Question 4 requires a discussion of the static effects of economic integration, providing illustrations where necessary, in the context of countries setting zero tariffs versus optimal tariffs against each other. Section C, a compulsory section, includes Question 5, which requires students to differentiate between intra- and inter-industry trade and their respective bases of trade, differentiate between trade diversion and trade creation, and discuss one non-tariff barrier. The examination requires the use of clearly labeled diagrams and the showing of any workings where necessary. | |
| dc.identifier.uri | http://hdl.handle.net/20.500.11837/2938 | |
| dc.language.iso | en_US | |
| dc.publisher | University of Fort Hare | |
| dc.title | International Trade theory and Policy: ECO 321/E, Supplementary Examinations November 2024 | |
| dc.type | Learning Object |