Faculty of Business and Economics

Monash University

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
OfferedGippsland Second semester 2014 (Day)
Gippsland Second semester 2014 (Off-campus)
Coordinator(s)Dr Svetlana Maslyuk


This unit focuses on the topics of international finance and trade. This includes the importance of international finance; the balance of payments accounts; the mechanisms for financing international trade; the effect of macroeconomic policies on trade balance; the determination of exchange rates; the operation of foreign exchange markets and alternative exchange rate systems; foreign investment; foreign exchange risk and operating exposure.


The learning goals associated with this unit are to:

  1. understand payments among nations and macroeconomic policies to adjust balance of payments disequilibrium
  2. study the operation of foreign exchange markets and alternative exchange rate systems
  3. acquire essential skills for managing foreign exchange risk and operating exposure
  4. explain multinational corporations in international trade and the mechanisms for financing international trade
  5. demonstrate in the individual assessment task the acquisition of a comprehensive understanding of the topics covered in this unit.


Within semester assessment: 40%
Examination: 60%

Chief examiner(s)

Workload requirements

Minimum total expected workload equals 144 hours per semester


Students must have passed ECW1101 or ECG1101 before undertaking this unit.