ECW2721 - Trade finance and foreign exchange - 2019

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.


Business and Economics

Organisational Unit

Department of Economics

Chief examiner(s)

Associate Professor Poon Wai Ching


Associate Professor Poon Wai Ching

Unit guides



  • Second semester 2019 (On-campus)


ECW1101 or equivalent.




This unit focuses on the topics of international trade, finance and foreign exchange. This includes the balance of payments, the operation of foreign exchange markets, and the exchange rates, and alternative exchange rate systems, foreign exchange risks, exchange rate determination, and international monetary system in the open-economy macroeconomics.


The learning goals associated with this unit are to:

  1. understand payments among nations and the monetary approach to the Balance of Payments
  2. study the operation of foreign exchange markets and alternative exchange rate systems
  3. acquire essential skills for managing foreign exchange risk
  4. learn macroeconomic adjustment mechanism with different exchange rate systems
  5. demonstrate in the assessment task the acquisition of a comprehensive understanding of the topics covered in this unit.


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