International Trade
ECON4018
May 2022
Revision Lecture
Exam Practicalities
• Time and place:
• Online (moodle),
• Start of exam: Wednesday, 11th May, start: 9.30 a.m.
• End of exam: Thursday, 12th May, 9.30 a.m.
• 24 hours open book exam
Format of the exam:
• 4 questions: Only answer 2 questions
• Each question will be worth 50% (so 2 questions make 100%)
• Each question consistsof:
▪ 2 sub-questions
▪ For example, 2.1 (30%) and 2.2 (20%)
• No calculators are needed
• Each Question has 750 words as limit – provide word count at
end of answer
• Provide sources if possible – give references at end of answer
• Type of questions:
− Essay style questions about theory and its application
− Exams similar to past exams (since 2017/18)
− Specifically look at the exam format of 2020/2021
− Essay question for which you need to know theory we
had in lecture
− It would help your understanding to have a look at the
exercise questions
− Questions will be purely essay like and asking for
theoretical models
− You will need to apply your theoretical knowledge to a
change in the situation of a country
Exam uploading
• Upload a separate solution to each of the 2 question
• Before you can download exam, you need to tick the
declaration that this is your own work
• Please make sure to upload your answers 30 mins before
the deadline in case you have any network issues
• If you have any problems, please contact helpdesk or the
person which administration informed you about
• Some advice (Part 1):
– Spend some time studying theexercises;
– Lecture Slides are a good study guide, but not
enough by themselves thus read Feenstra and
even Krugman & Obstfeld
Some advice (Part 2):
• Make sure your answer is orderly and well-structured:
– Intro, middle, conclusion;
– Provide definitions and assumptions of the
theoretical model used, e.g. when talking about
Heckscher Ohlin model, you will need to provide
all assumptions of the model before starting to
explain how trade happens.
Some advice (Part 3):
Handwritten or typed solutions:
• The university rule states that you should type your
answers.
• If that is not possible, handwrite your solution and
scan it and put it into word document OR take photo
and put it into word document
• Formulas should be typed or very clearly written so
that markers can read your solution
You can also use ‘paint’ by Microsoft
Some advice (Part 4):
Figures:
Take a photo or scan your figure drawing and put it into a
word document
OR use paint
Do NOT just copy the figures from the lecture slides or
books!
Sources:
If you use some knowledge or figures from e.g. books,
then provide source (otherwise case of plagiarism)