Monash University Handbook 2011 Undergraduate - Unit

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

Synopsis

This unit focuses on the topics of international finance and trade. This includes: the importance of international finance; the balance of payments accounts; the effect of macroeconomic policies on trade balance; foreign exchange markets-spot; forward; futures and options markets; the determination of exchange rates; parity conditions; hedging and speculation in foreign exchange markets; foreign investment; trade barriers.

Objectives

The learning goals associated with this unit are to:

1. understand the concept of payments among nations and macroeconomic policies
2. understand the operation of foreign exchange markets and alternative exchange rate systems
3. understand the multinational corporations in international trade
4. understand trade barriers: tariffs and nontariff trade barriers

Assessment

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

Chief examiner(s)

Horag Choi

Contact hours

3 hours per week

Prerequisites

ECF1200

Prohibitions

ECW2721, ECG2721