The aim of this unit is to provide students with an understanding of the principles and applications of international economics so that students will be prepared to face the future complexities of the world economy. The unit is divided into two parts: international trade and international finance. Part one examines the reasons for and consequences of international trade. This will cover the law of comparative advantage, the gains from trade, the Ricardian model, the Heckscher-Ohlin theory, the standard and new trade theories, tariff and non-tariff barriers and economic integration. The part two, international finance, focuses on foreign exchange market, fixed and flexible exchange rates, balance of payments and adjustment policies, international capital mobility and international macroeconomic policy coordination. Pre-requisites of the course are Microeconomics and Macroeconomics.
- Lecturer: Mr. Asel Hettiarachchi
- Lecturer: Prof. Sumudu Perera
- Lecturer: Ms. Dileesha Sewwandi
This advanced course intends to introduce scientific methods in researching. The objective of this course is to introduce a complete set of techniques and concepts in conducting a scientific enquiry. This is a compulsory course which covers the topics of the planning of social surveys, coverage of surveys, basic ideas of sampling, type of sample design, experiments and investigations, methods of collecting information, questionnaires, scaling methods, response errors, processing of the data, analysis, interpretation, and presentation as major areas. This course provides students with the basic knowledge necessary to conduct the Independent Study in Business Economics at the final semester of the degree programme, and at the end of this course, students will be able to develop the capability to comprehend the problems inherent in empirical research, to critically evaluate reported research results, and to appreciate the necessity and value of the scientific method. Pre-requisites of this course are Microeconomics, Macroeconomics, Advanced Economics, Mathematical Economics, Managerial Economics, Monetary Economics, Development Economics, Financial Economics, and Economics of Labour.
- Lecturer: Prof. Janak Kumarasinghe
- Lecturer: Ms. Oshadhie Silva
This is an advanced course which aims to provide students with a comprehensive knowledge on economic development that is useful in policy making and strategic business decisions. This compulsory course covers the areas of development theories and applications, international dependence revolution, contemporary models of development and underdevelopment, poverty, inequality, human capital: education and health in economic development, agricultural transformation, and rural development. At the end of the course, students will be able to analyse the development economics issues and to understand difficulties of development and importance of indigenous strategic thinking. Macroeconomics is a pre-requisite of this course.
- Lecturer: Dr. P. Priyantha Lalanie
- Lecturer: Ms. Oshadhie Silva
This course aims to introduce undergraduates to the workplace and assist them in gaining experience while educating them on the employability skills required to graduate. This is an elective course, which enables the students to expose to training relevant to their area of specialization. These students are encouraged to follow English for Business Economics and Personal and Professional Development courses offered by the department. Students will be evaluated in a variety of ways for this course, including a viva-voce exam, an independent evaluation by the work supervisor, evaluation of their training records under the joint supervision of an academic and the work supervisor.
- Lecturer: Ms. Udeshika Chandrarathne
- Lecturer: Ms. Dileesha Sewwandi