Postgraduate - UnitECM5921 - Introduction to international economics

This unit entry is for students who completed this unit in 2015 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.

Level	Postgraduate
Faculty	Faculty of Business and Economics
Organisational Unit	Department of Economics
Offered	Malaysia First semester 2015 (Evening) Malaysia Second semester 2015 (Day)
Coordinator(s)	Dr Gamini Herath

Synopsis

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?

Outcomes

The learning goals associated with this unit are to:

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

Assessment

Within semester assessment: 40%
Examination: 60%

Workload requirements

Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.

Chief examiner(s)

Dr Gamini Herath

Prohibitions

ECF9210, ECF5921, ECS5921, ECX9210