International economics
Mr Ron Edwards
6 points * 3 hours per week * Second semester * Caulfield, In-house * Prerequisites: Nil
Objectives On successful completion of this subject a student should be able to understand developments in the international economy and interpret their impact on the Australian economy and individual Australian companies; 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 An introduction to the role of economics in international trade; economic importance of trade; barriers to international trade; the regionalisation of trade; exchange rate determination; balance of payments theory and the domestic impact of the international economy.
Assessment Minor essay (1500 words): 10% * Major essay (3000 words): 20% * Class presentation: 10% * Final examination (2 hours): 60%
Prescribed texts
Lindert P International economics Irwin, 1991