Faculty of Business and Economics

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Monash University Handbook 2010 Postgraduate - Unit

6 points, SCA Band 3, 0.125 EFTSL

FacultyFaculty of Business and Economics
OfferedClayton Second semester 2010 (Day)
Australia (Other) Second semester 2010 (Off-campus block of classes)
Coordinator(s)Professor Dietrich Fausten


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.


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.


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

Chief examiner(s)

Paolo Labrecciosa

Contact hours

3 hours per week


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