International Trade and Policy

Subject ECON90009 (2011)

Note: This is an archived Handbook entry from 2011.

Credit Points: 12.50
Level: 9 (Graduate/Postgraduate)
Dates & Locations:

This subject is not offered in 2011.
Time Commitment: Contact Hours: Seminars, or lectures and tutorials totalling three hours per week
Total Time Commitment: Estimated total time commitment of 120 hours per semester
Prerequisites: ECON90002 Microeconomics
Subject
Study Period Commencement:
Credit Points:
Semester 1
12.50
Corequisites: None
Recommended Background Knowledge: None
Non Allowed Subjects: None
Core Participation Requirements:

For the purposes of considering requests for Reasonable Adjustments under the Disability Standards for Education (Cwth 2005), and Students Experiencing Academic Disadvantage Policy, academic requirements for this subject are articulated in the Subject Description, Subject Objectives, Generic Skills and Assessment Requirements for this entry.

The University is dedicated to provide support to those with special requirements. Further details on the disability support scheme can be found at the Disability Liaison Unit website: http://www.services.unimelb.edu.au/disability/

Contact

Graduate School of Business and Economics
Level 4, 198 Berkeley Street
Telephone: +61 3 8344 1670
Online Enquiries
Web: www.gsbe.unimelb.edu.au

Subject Overview: An advanced subject designed to cover core theoretical models and policy issues relating to commodity trade and factor flows between nations. Topics include theory of comparative advantage and gains from trade, tariffs and quotas, international capital and labour mobility, globalisation.

Objectives:

On successful completion of this subject students should be able to:

  • Describe the theories of international trade and their predictions concerning the pattern of international trade, commodity and factor prices and welfare of households;
  • Apply trade theory to important policy issues such as protection of industries, international competitiveness, regulation of capital inflows, environment and immigration policy;
  • Analyse important developments in the world economy related to international trade in a period of increasing interdependence and globalisation.
Assessment:
  • One 2-hour examination (60%)
  • Assignments of approximately 4000 words (40%)
Prescribed Texts: You will be advised of prescribed texts by your lecturer.
Breadth Options:

This subject is not available as a breadth subject.
Fees Information: Subject EFTSL, Level, Discipline & Census Date
Generic Skills: On successful completion of this subject, students should have improved the following generic skills:
  • Evaluation of ideas, views and evidence
  • Synthesis of ideas, views and evidence
  • Strategic thinking
  • Critical thinking
  • Application of theory to economic policy and business decision making
  • Accessing economic and other information
  • Summary and interpretation of information
  • Problem solving skills
  • Written communication
  • Oral communication

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