Faculty of Business and Economics

Monash University

Undergraduate - Unit

This unit entry is for students who completed this unit in 2013 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.

print version

6 points, SCA Band 3, 0.125 EFTSL

To find units available for enrolment in the current year, you must make sure you use the indexes and browse unit tool in the current edition of the Handbook.

FacultyFaculty of Business and Economics
Organisational UnitDepartment of Economics
OfferedBerwick First semester 2013 (Day)
Caulfield First semester 2013 (Day)
Coordinator(s)Dr Horag Choi


This unit focuses on the topics of international finance and trade. This includes: the importance of international finance; the balance of payments accounts; the effect of macroeconomic policies on trade balance; foreign exchange markets-spot; forward; futures and options markets; the determination of exchange rates; parity conditions; hedging and speculation in foreign exchange markets; foreign investment; trade barriers.


The learning goals associated with this unit are to:

  1. understand the concept of payments among nations and macroeconomic policies
  2. understand the operation of foreign exchange markets and alternative exchange rate systems
  3. understand the multinational corporations in international trade
  4. understand trade barriers: tariffs and nontariff trade barriers


Within semester assessment: 30%
Examination: 70%

Chief examiner(s)

Contact hours

3 hours per week