Undergraduate - UnitECF3121 - Economics of international trade

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	Caulfield Second semester 2014 (Day)
Coordinator(s)	Dr Lutfunnahar Begum

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. Trade policies in developing nations. The foreign exchange market and its impact on international trade. Models of currency crisis.

Outcomes

The learning goals associated with this unit are to:

provide an introduction to the microeconomic and macroeconomic theory underlying the discipline of international economics
provide an awareness of the "open" economy
provide a broad knowledge of foreign exchange markets and their role in international trade
understand contemporary policy debates in the area of international trade.