Faculty of Business and Economics

Undergraduate - Unit

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.

FacultyFaculty of Business and Economics
Organisational UnitDepartment of Economics
OfferedBerwick First semester 2014 (Day)
Coordinator(s)Dr Vinod Mishra


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.


The learning goals associated with this unit are to:

  1. draw upon skills developed in micro and macroeconomics to enable students to understand and critically evaluate contemporary policy debates in international trade and finance
  2. 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
  3. recognise the positive welfare effects of worldwide unrestricted trade.


Within semester assessment: 40%
Examination: 60%

Chief examiner(s)

Workload requirements

Minimum total expected workload equals 144 hours per semester


Students must have passed ECB1102 or ECF1100 or ECF1200 or ECG1102 or ECS1101 or ECS1102 or ECW1102 and ECB2331 or ECB2731 or ECF2331 or ECF2731 or ECG2731 or ECS2730 or ECS2731 or ECW2731 or ECF2931.