units

ECC3690

Faculty of Business and Economics

18 September 2017 25 November 2024

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This unit entry is for students who completed this unit in 2016 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.

Monash University

6 points, SCA Band 3, 0.125 EFTSL

Undergraduate - Unit

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.

Faculty

Business and Economics

Organisational Unit

Department of Economics

Coordinator(s)

Dr Laura Puzzello

Offered

Clayton

  • Second semester 2016 (Day)

Synopsis

Investigation of economic interaction between countries in the context of international exchanges of commodities and assets. Topics include the balance of payments, nominal and real exchange rate determination, international capital movements, foreign debt, structural reform and adjustment policies in the open economy, the gains from international trade, inter-industry trade, tariff policies.

Outcomes

The learning goals associated with this unit are to:

  1. essential features of international trade and asset exchanges
  2. effects of international commodity and capital flows, and of protectionist policies, on domestic economic welfare and other objectives; the foreign exchange market and the specific roles of exchange rates in asset markets and commodity markets
  3. implications of international interdependence for the conduct of national stabilisation policies and thus be able to form factual assessments and constructive criticism of public policy and debate concerning open economy issues.

Assessment

Within semester assessment: 30%
Examination: 70%

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.

See also Unit timetable information

Chief examiner(s)

Dr Laura Puzzello

Prerequisites

ECC2000 and ECC2010 or equivalent

Prohibitions

ECC4369, ECF3121