ECB2121

International trade and finance

(BUS)

Ms Carol Jeffs

6 points + 2-hour lecture and 1-hour tutorial per week + Second semester + Berwick + Prerequisites: ECB1102, ECB2120

Synopsis: The pure theory of international trade. Trade and income distribution, economic growth and changes in trade, bases for trade and gains from trade. Trade policy. Tariffs, quotas, subsidies, import discrimination and other national policies affecting trade. The foreign exchange market. Determination of exchange rates, the balance of payments, modern foreign exchange policies and the threat of unstable exchange rates, international lending and the world debt crisis.

Assessment: Assignment work: 30% + Examination (3 hours): 70%