Monash University Handbook 2010 Undergraduate - Unit

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

Objectives

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.

Assessment

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

Contact hours

3 hours per week.

Prerequisites

ECF1200, ECF2731 (ECF3731 for students prior to 2010)

Prohibitions

ECC3690, ECF9121 and ECW3121