units

ECX5921

Faculty of Business and Economics

18 September 2017 22 December 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

Postgraduate - 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 Rebecca Valenzuela (Semester 1); Dr Mita Bhattacharya (Semester 2)

Offered

Not offered in 2016

Synopsis

The unit introduces basic economic principles and concepts and discusses economic interdependence notions and gains from trade and globalisation; the role of institutions in promoting and facilitating these concepts in the international economy; theories of trade, incorporating notions of absolute and comparative advantage; modern trade theory and its extensions; empirical evidence which highlight trade theory strengths and limitations; investigation and analysis of welfare effects of trade, using both theory and evidence to answer contentious concerns: does trade make the poor even poorer; are trade restrictions necessary to protect jobs; do larger trade benefits accrue to developed countries more than developing countries?

Outcomes

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.

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 Rebecca Valenzuela (Semester 1)
Dr Mita Bhattacharya (Semester 2)

Prohibitions

ECX9210