Monash University Handbook 2010 Postgraduate - Unit

Synopsis

This unit investigates economic interaction between countries in the context of international exchanges of commodities and assets. International linkages in form of the balance of payments, exchange rate determination, international trade, labour and capital movements are discussed in detail. Importance of these linkages in the public and private sectors is discussed with an emphasis on exchange rate determination, structural reform and adjustment policies in the open economy and trade policy.

Objectives

The learning goals associated with this unit are to:

• understand essential features of international trade and asset exchanges
• understand effects of international trade flows and protectionist policies on a small open economy such as Australia
• understand implications of international interdependence for the conduct of national stabilisation policies
• to form factual assessments and constructive criticism of public policy and debate concerning open economy issues.

Assessment

Within semester assessment: 40%
Examination (2 hours): 60%

Chief examiner(s)

Paolo Labrecciosa

Contact hours

3 hours per week

Prerequisites

Students must have passed both ECX900 and ECX9010 before undertaking this unit

Prohibitions

ECC3690