Faculty of Business and Economics

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Monash University

Monash University Handbook 2010 Undergraduate - Unit

6 points, SCA Band 3, 0.125 EFTSL

FacultyFaculty of Business and Economics
OfferedNot offered in 2010


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. Trade policieis in developing nations. The foreign exchange market and its impact on international trade. Models of currency crisis.


The learning goals associated with this unit are to:

  • provide an introduction to the microeconomic and macroeconomic theory underlying the discipline of international economics
  • provide an awareness of the "open" economy
  • provide a broad knowledge of foreign exchange markets and their role in international trade
  • understand contemporary policy debates in the area of international trade.


Within semester assessment: 30%
Examination (2 hours): 70%

Contact hours

3 hours per week.


ECF1200, ECF2731 (ECF3731 for students prior to 2010)


ECC3690, ECF9121 and ECW3121