Faculty of Business and Economics

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Monash University

Monash University Handbook 2010 Postgraduate - Unit

6 points, SCA Band 3, 0.125 EFTSL

FacultyFaculty of Business and Economics
OfferedClayton First semester 2010 (Day)
Coordinator(s)Professor Ranjan Ray


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.


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.


Within semester assessment: 50%
Examination (3 hours): 50%

Chief examiner(s)

Pushkar Maitra

Contact hours

3 hours per week


ECC4690 or ECC4670