Monash University Handbook 2010 Undergraduate, Postgraduate - Unit

Synopsis

Topics include the gains and costs of trading internationally; static and dynamic welfare effects of protection; the political economy of international trade policy; optimum policies in the presence of market power, uncertainty, and other market imperfections; trade policy instruments; strategies for trade liberalisation including regional trade agreements.

Objectives

The learning goals associated with this unit are to:

• be able to analyse the effects of international trade on real income and its distribution in various market structures
• have a sound understanding of the allocation and welfare effects of commercial policies
• possess the skills necessary to evaluate critically contemporary innovations in Australia's trade policies.

Assessment

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

Contact hours

3 hours per week

Prerequisites

ECC4650 and ECC3690