Postgraduate - UnitECC5690 - Theories in international and development economics

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

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Level	Postgraduate
Faculty	Faculty of Business and Economics
Offered	Clayton First semester 2012 (Day)
Coordinator(s)	Dr Paulo Santos

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.

Outcomes

The learning goals associated with this unit are to:

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