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ECG9121 - Economics of international trade

6 points, SCA Band 3, 0.125 EFTSL

Postgraduate Faculty of Business and Economics

Offered

Not offered in 2009

Synopsis

The pure theory of international trade including the concept of bases for trade and gains from trade, the impact of trade on income distribution and the impact of economic growth on changes in trade. Trade policy matters, including tariffs, quotas, subsidies, import discrimination and other national policies affecting trade. The mechanisms of the foreign exchange market. Determination of exchange rates, the balance of payments, modern foreign exchange policies and the threat of unstable exchange rates, international lending and the world debt crisis.

Objectives

The learning goals associated with this unit are to:

  • draw upon skills developed in micro and macroeconomics to enable them to understand and critically evaluate contemporary policy debates in international trade and finance
  • develop the ability to use powerful analytical tools to predict the impact of global economic, political and social policies on Australia as a small open economy
  • recognise the positive welfare effects of worldwide unrestricted trade.

Assessment

Within semester assessment: 30%
Examination (3 hours): 70%

Prerequisites

ECG9102 and ECG9120

Prohibitions

ECW3121

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