The international economy
Mr Ron Edwards
6 points * 3 hours per week * First semester (Caulfield); second semester (Peninsula) * Caulfield/Peninsula * Prerequisites: FIN1710 and FIN2710
Objectives On completion of this subject a student should be able to understand developments in the international economy and interpret their impact on the Australian economy; critically evaluate government policy to the extent it affects international competitiveness; develop a sound knowledge of Australia's role in the international economy and of at least one other country.
Synopsis Students should gain an appreciation of the economic development, structure and operation of the world economy and the impact that these factors have on the Australian economy. Topics include theories of international trade; trade barriers and the role of GATT, customs union theory and history; theory and pattern of Foreign Direct Investment; foreign exchange markets; world monetary systems; Australia's role in world economy; studies of Australia's major trading partners.
Assessment Final examination (2 hours): 60% * Country study and class presentation: 20% * Major essay (3000 words): 20%
Prescribed texts
Lindert P International economics Irwin, 1991