Faculty of Business and Economics

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Monash University

Monash University Handbook 2011 Undergraduate, Postgraduate - Unit

6 points, SCA Band 3, 0.125 EFTSL

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.

LevelUndergraduate, Postgraduate
FacultyFaculty of Business and Economics
OfferedClayton Second semester 2011 (Day)
Australia (Other) Second semester 2011 (Off-campus block of classes)
Coordinator(s)Associate Professor Christis Tombazos


Topics include the gains and costs of trading internationally; static and dynamic welfare effects of protection; the political economy of international trade policy; optimum policies in the presence of market power, uncertainty, and other market imperfections; trade policy instruments; strategies for trade liberalisation including regional trade agreements.


The learning goals associated with this unit are to:

  1. be able to analyse the effects of international trade on real income and its distribution in various market structures
  2. have a sound understanding of the allocation and welfare effects of commercial policies
  3. possess the skills necessary to evaluate critically contemporary innovations in Australia's trade policies.


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

Chief examiner(s)

Christis Tombazos

Contact hours

3 hours per week


ECC4650 and ECC3690