Monash University Handbook 2010 Undergraduate - Unit

Synopsis

Multinational corporations and their role in the international economy; theories of international trade and the characteristics of Australia's role in the international economy; theories of internationalisation of firms; forms of international business; the impact on trade patterns of foreign direct investment; locational choice for multinational corporations; regional trade groups and their impact on trade and investment; the institutional environment of international business including the World Bank and World Trade Organisation.

Objectives

The learning goals associated with this unit are to

• understand welfare gains that accrue from international trade and the losses associated with barriers to trade
• understand characteristics of Australia's participation in the international economy
• understand the role of international institutions like the IMF, WTO and World Bank
• understand motives and operation of regional trade groups
• understand various modes of entry available to multinational corporations.

Assessment

Within semester assessment: 40%
Examination (2 hours): 60%

Contact hours

3 hours per week

Prerequisites

ECW1102