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1 HI5016 International Trade and Enterprise: Tutorial Submission Question, T2 2020 Assessment Task – Tutorial Question Assignment Unit Code: HI 5016 Unit Name: International Trade and Enterprise...

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HI5016 International Trade and Enterprise: Tutorial Submission Question, T2 2020
Assessment Task – Tutorial Question Assignment
Unit Code:
HI 5016
Unit Name:
International Trade and Enterprise
Assignment:
Tutorial Questions
Weighting:
Final examination weighting- Fifty percent (50%)
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
oad 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 co
ect 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
2
HI5016 International Trade and Enterprise: Tutorial Submission Question, T2 2020
eaches. 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
eaches are a serious offence punishable by penalties that may
ange 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
eaches
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 fa
ication and
falsification
Manipulating or inventing data with the intent of supporting false
conclusions, including manipulating images.
Source: INQAAHE, 2020
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
3
HI5016 International Trade and Enterprise: Tutorial Submission Question, T2 2020
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 XXXXXXXXXXMarks)
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 XXXXXXXXXXMarks)
Assessment Question Week 6
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 XXXXXXXXXXMarks)
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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Labou
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 XXXXXXXXXXMarks)
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? ?
? ?
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E
D
F
Wages
4
HI5016 International Trade and Enterprise: Tutorial Submission Question, T2 2020


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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. (11 Marks)
End















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Answered Same Day Sep 30, 2021 HI5016

Solution

Komalavalli answered on Oct 08 2021
153 Votes
Question 1
Gravity model was first introduces by Jan Tinbergen in 1962.He states that the size of trade flows between any two nations can be approximated by using the equation of gravity. This equation is derived from Newton’s theory of gravitation.
Gravity model of trade states that the general economic size drag nations to exchange goods from one country to another, further prominent separations debilitate the engaging quality. The model of gravity was seen as the empirical one initially, with no specific launch in trade hypothesis, however the far and wide appropriation of the gravity model to clarify examples of trade has been seen by economist as a noteworthy improvement on past hypothetical models.
The PWC International Development Conference 2017 Shamik Dhar: said that the In the event that separation was the main or the central point in deciding trade, at that point the portion of UK's exchange with European nations ought to be moderately level after some time and reliably too much with others. Notwithstanding, since quite a while ago run conduct of UK exchange information shows wide varieties, giving occasion to feel qualms about the significance of separation over a more drawn out time-skyline.
Question 2
Ricardian Model
The attention is on relative favorable position. The model suggests that the nations spend significant time in introducing products and projects which can they give their best. The model assumes that there is only one factor of production in the economy. It proposes that the trade between the nations happens on account of the difference in efficiency of labor which happens due to mechanical contrasts. This was applicable in the short-run in light of the fact that the modernization of technology can change the world after some time.
HO model:
In contrast to Ricardian Model, the model introduced by Heckscher-Ohlin accepts that there are 2 components of factors of production, especially capital and labor. The nation that has comparative advantage over the other nation based on the difference in relative measures of each factors of production . H-O recommends that countries should produce and engage in trade by using the assets that they have in wealth. Essentially, the country should import products that require resources that they are scare. This model varies from the relative favorable position hypothesis that centers on the proficiency of the creation cycle. Since the nation produces merchandise dependent on the resource that they have in abundant, it will be cheap to produce these products. Broadly, nations that...
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