Monash University Handbook 2010 Undergraduate - Unit

Synopsis

Investigation of economic interaction between countries in the context of international exchanges of commodities and assets. Topics include the balance of payments, nominal and real exchange rate determination, international capital movements, foreign debt, structural reform and adjustment policies in the open economy, the gains from international trade, inter-industry trade, tariff policies.

Objectives

The learning goals associated with this unit are to:

• essential features of international trade and asset exchanges
• effects of international commodity and capital flows, and of protectionist policies, on domestic economic welfare and other objectives; the foreign exchange market and the specific roles of exchange rates in asset markets and commodity markets
• implications of international interdependence for the conduct of national stabilisation policies and thus be able to form factual assessments and constructive criticism of public policy and debate concerning open economy issues.

Assessment

Within semester assessment: 20%
Examination (2 hours): 80%

Chief examiner(s)

Paola Labrecciosa

Contact hours

3 hours per week

Prerequisites

ECC2000 and ECC2010 or equivalent

Prohibitions

ECC4369