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

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. Trade policies in developing nations. The foreign exchange market and its impact on international trade. Models of currency crisis.

Objectives

The learning goals associated with this unit are to:

1. provide an introduction to the microeconomic and macroeconomic theory underlying the discipline of international economics
2. provide an awareness of the "open" economy
3. provide a broad knowledge of foreign exchange markets and their role in international trade
4. understand contemporary policy debates in the area of international trade.

Assessment

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

Chief examiner(s)

Laura Puzello

Contact hours

3 hours per week

Prerequisites

ECF1200, ECF2731 (ECF3731 for students prior to 2010)

Prohibitions

ECC3690, ECF9121 and ECW3121