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  3. International Trade

International Trade (ECON90019)

Graduate courseworkPoints: 12.5On Campus (Parkville)

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Overview

Year of offer2017
Subject levelGraduate coursework
Subject codeECON90019
Campus
Parkville
Availability
Semester 2
FeesSubject EFTSL, Level, Discipline & Census Date

Topics include explanations of the patterns of trade and the gains from trade; the analytics of the instruments of trade policy under different market structures; the generalised theory of distortions in open economies; the political economy of trade policy; the economics of preferential trade agreements; and the role of the World Trade Organisation.

Intended learning outcomes

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

  • Explain why countries engage in international trade;
  • Analyse the causes and consequences of international trade;
  • Synthesise the theoretical and empirical literature and describe the current state of knowledge in the field of international trade;
  • Analyse the welfare effects of various trade policies under different industry structures, such as monopolies, oligopolies and monopolistic competition;
  • Evaluate the welfare effects of trade and industry policies under various trading regimes (regional trading blocs vs multilateralism);
  • Critically evaluate the income and distributional effects of various trade policies.

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
  • Using computer programs
  • Statistical reasoning
  • Problem solving skills
  • Written communication
  • Oral communication

Last updated: 16 August 2017