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.
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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.
See also Unit timetable information