Faculty of Business and Economics

Monash University

Undergraduate - Unit

This unit entry is for students who completed this unit in 2012 only. For students planning to study the unit, please refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your course or area of study.

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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, or view unit timetables.

FacultyFaculty of Business and Economics
OfferedClayton Second semester 2012 (Day)
Coordinator(s)Dr Paola Labrecciosa


Investigation of economic interaction between countries in the context of international exchanges of commodities and assets. Topics include the balance of payments, nominal and real exchange rate determination, international capital movements, foreign debt, structural reform and adjustment policies in the open economy, the gains from international trade, inter-industry trade, tariff policies.


The learning goals associated with this unit are to:

  1. essential features of international trade and asset exchanges
  2. effects of international commodity and capital flows, and of protectionist policies, on domestic economic welfare and other objectives; the foreign exchange market and the specific roles of exchange rates in asset markets and commodity markets
  3. implications of international interdependence for the conduct of national stabilisation policies and thus be able to form factual assessments and constructive criticism of public policy and debate concerning open economy issues.


Within semester assessment: 20%
Examination (2 hours): 80%

Chief examiner(s)

Dr Paola Labrecciosa

Contact hours

3 hours per week


ECC2000 and ECC2010 or equivalent