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. The foreign exchange market. Determination of exchange rates, the balance of payments, modern foreign exchange policies and the threat of unstable exchange rates.

Objectives

The learning goals associated with this unit are to:

• draw upon skills developed in micro and macroeconomics to enable them to understand and critically evaluate contemporary policy debates in international trade and finance
• develop the ability to use powerful analytical tools to predict the impact of global economic, political and social policies on Australia as a small open economy
• recognise the positive welfare effects of worldwide unrestricted trade.

Assessment

Within semester assessment: 30%
Examination (3 hours): 70%

Chief examiner(s)

Vinod Mishra

Contact hours

3 hours per week

Prerequisites

ECW1102 and ECW2120 or ECW2731 or equivalent

Prohibitions

ECC3690, ECF3121, ECG9121