Faculty of Business and Economics

Monash University

Postgraduate - 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
OfferedMalaysia First semester 2014 (Evening)
Malaysia Second semester 2014 (Day)
Coordinator(s)Mr Kasi Valliappan


The unit introduces basic micro and macroeconomic principles and concepts. It discusses economic interdependence notions and gains from trade and globalisation with application to Malaysia and other Asian countries; attempts of Asian institutions at promoting and facilitating these concepts in the international economy; theories of trade, notions of absolute and comparative advantage; modern trade theory and its extensions; empirical evidence which highlight trade theory strengths and limitations with respect to Asia; investigation and analysis of welfare effects of trade, using both theory and evidence to answer contentious concerns: does trade make the poor in Asia even poorer; are trade restrictions necessary to protect jobs; do larger trade benefits accrue to developed countries more than developing countries and if so why?


The learning goals associated with this unit are to:

  1. introduce basic economic principles, concepts and ideas
  2. identify and understand the theoretical foundations of why economies engage in trade
  3. critically analyse issues, concerns and developments in the international economy and be able to interpret their impacts on the Australian economy.


Within semester assessment: 40%
Examination: 60%

Chief examiner(s)

Workload requirements

3 hours per week


ECF9210, ECF5921, ECS5921, ECX9210