Undergraduate - UnitECB3121 - Economics of international trade and finance

This unit entry is for students who completed this unit in 2014 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
Organisational Unit	Department of Economics
Offered	Berwick First semester 2014 (Day)
Coordinator(s)	Dr Vinod Mishra

Synopsis

This unit develops an understanding of the theory of international trade. It explains how international trade creates gains for a nation and the effect this has on its economic outcomes, such as economic growth and income distribution. The unit discusses the role of trade policy; tariffs, quotas, subsidies and import discrimination on trade patterns. The unit also looks at the international finance and the foreign exchange markets, with emphasis on stability of the foreign exchange market, exchange rate determination, the balance of payments and the role of exchange rate policies.

Outcomes

The learning goals associated with this unit are to:

draw upon skills developed in micro and macroeconomics to enable students 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.