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

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:

1. understand welfare gains that accrue from international trade and the losses associated with barriers to trade
2. understand characteristics of Australia's participation in the international economy
3. understand the role of international institutions like the IMF, WTO and World Bank
4. understand motives and operation of regional trade groups
5. 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