Offered
Clayton Second semester 2008 (Day)
Synopsis
Evaluation of the neoclassical trade model and its extensions; foreign direct investment, capital flows and technology transfer; alternative explanations of comparative advantage including increasing returns and imperfect competition; geography and trade; new growth models; micro- and macroeconomic reform, structural change and factor mobility; institutions, transaction costs and rent seeking; theories of the state; the political economy of liberalisation and stabilisation.
Objectives
The learning goals associated with this unit are to:
- gain an understanding of advanced theories in the areas of international and development economics
- identify the linkages between the two major areas of open economy analysis
- formulate policies on the basis of sound theoretical foundations and, correspondingly, to evaluate policy proposals
- acquire the skills necessary to assess critically new theoretical developments in this area.
Assessment
Within semester assessment: 50%
Examination (3 hours): 50%
Contact hours
3 hours per week
Prerequisites
ECC4690 or ECC4670
