Undergraduate - UnitECW3121 - Economics of international trade

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.

Level	Undergraduate
Faculty	Faculty of Business and Economics
Offered	Berwick Second semester 2012 (Day) South Africa Second semester 2012 (Day)
Coordinator(s)	Dr Vinod Mishra

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. The foreign exchange market. Determination of exchange rates, the balance of payments, modern foreign exchange policies and the threat of unstable exchange rates.

Outcomes

The learning goals associated with this unit are to:

draw upon skills developed in micro and macroeconomics to enable them to understand and critically evaluate contemporary policy debates in international trade and finance
develop the ability to use powerful analytical tools to predict the impact of global economic, political and social policies on Australia as a small open economy
recognise the positive welfare effects of worldwide unrestricted trade.

Assessment

Within semester assessment: 30%
Examination (3 hours): 70%

Chief examiner(s)

Dr Vinod Mishra

Contact hours

3 hours per week

Prerequisites

Students must have passed ECG2730 or ECW2730 and ECG2731 or ECW2731 before undertaking this unit.

Prohibitions

ECC3690, ECF3121, ECG9121