Monash University Handbook 2011 Postgraduate - Unit

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

Synopsis

Evaluation of the neoclassical trade model and its extensions; foreign direct investment, capital flows and technology transfer; alternative explanations of comparative advantage including increasing returns and imperfect competition; geography and trade; new growth models; micro- and macroeconomic reform, structural change and factor mobility; institutions, transaction costs and rent seeking; theories of the state; the political economy of liberalisation and stabilisation.

Objectives

The learning goals associated with this unit are to:

1. gain an understanding of advanced theories in the areas of international and development economics
2. identify the linkages between the two major areas of open economy analysis
3. formulate policies on the basis of sound theoretical foundations and, correspondingly, to evaluate policy proposals
4. acquire the skills necessary to assess critically new theoretical developments in this area.

Assessment

Within semester assessment: 50%
Examination (3 hours): 50%

Chief examiner(s)

Pushkar Maitra

Contact hours

3 hours per week

Prerequisites

ECC4690 or ECC4670