units

ECF9210

Faculty of Business and Economics

18 January 2012 14 February 2012

Postgraduate - 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.

LevelPostgraduate
FacultyFaculty of Business and Economics
OfferedCaulfield First semester 2012 (Evening)
Sunway First semester 2012 (Evening)
Caulfield Second semester 2012 (Day)
Caulfield Second semester 2012 (Off-campus)
Sunway Second semester 2012 (Evening)
Coordinator(s)Dr Rebecca Valenzuela (First semester)

Synopsis

The unit introduces basic economic principles and concepts and discusses economic interdependence notions and gains from trade and globalisation; the role of institutions in promoting and facilitating these concepts in the international economy; theories of trade, incorporating notions of absolute and comparative advantage; modern trade theory and its extensions; empirical evidence which highlight trade theory strengths and limitations; investigation and analysis of welfare effects of trade, using both theory and evidence to answer contentious concerns: does trade make the poor even poorer; are trade restrictions necessary to protect jobs; do larger trade benefits accrue to developed countries more than developing countries?

Outcomes

The learning goals associated with this unit are to:

  1. introduce basic economic principles, concepts and ideas
  2. identify and understand the theoretical foundations of why economies engage in trade
  3. critically analyse issues, concerns and developments in the international economy and be able to interpret their impacts on the Australian economy.

Assessment

Within semester assessment: 30%
Examination (2.5 hours): 70%

Chief examiner(s)

Rebecca Valenzuela (Semester 1)
Mita Bhattacharya (Semester 2)

Contact hours

3 hours per week