units

ECF2721

Faculty of Business and Economics

Undergraduate - Unit

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6 points, SCA Band 3, 0.125 EFTSL

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered, or view unit timetables.

LevelUndergraduate
FacultyFaculty of Business and Economics
Organisational UnitDepartment of Economics
OfferedCaulfield First semester 2014 (Day)
Berwick Second semester 2014 (Day)
Coordinator(s)Dr Horag Choi

Synopsis

This unit focuses on the topics of international finance and trade. This includes: the importance of international finance; the balance of payments accounts; the effect of macroeconomic policies on trade balance; foreign exchange markets-spot; forward; futures and options markets; the determination of exchange rates; parity conditions; hedging and speculation in foreign exchange markets; foreign investment; trade barriers.

Outcomes

The learning goals associated with this unit are to:

  1. understand the concept of payments among nations and macroeconomic policies
  2. understand the operation of foreign exchange markets and alternative exchange rate systems
  3. understand the multinational corporations in international trade
  4. understand trade barriers: tariffs and nontariff trade barriers

Assessment

Within semester assessment: 30%
Examination: 70%

Chief examiner(s)

Workload requirements

Minimum total expected workload equals 144 hours per semester

Prerequisites

Prohibitions