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International Trade (ECON40003)
HonoursPoints: 12.5Dual-Delivery (Parkville)
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About this subject
- Overview
- Eligibility and requirements
- Assessment
- Dates and times
- Further information
- Timetable(opens in new window)
Contact information
Please refer to the specific study period for contact information.
Overview
| Availability | Semester 2 - Dual-Delivery |
|---|---|
| Fees | Look up fees |
Topics include determinants of the patterns of trade and the gains from trade; the analytics of the instruments of trade policy under different market structures; 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
- High level of development: written communication; application of theory to practice; critical thinking; receptiveness to alternative ideas.
- Moderate level of development: interpretation and analysis.
- Some level of development: oral communication; problem solving.
Last updated: 29 July 2022
Eligibility and requirements
Prerequisites
Admission into or selection of one of the following:
- BH-COM Bachelor of Commerce (Degree with Honours)
- Economics specialisation (formal) in the BH-ARTS Bachelor of Arts (Degree with Honours)
AND
| Code | Name | Teaching period | Credit Points |
|---|---|---|---|
| ECON40001 | Advanced Microeconomics | Semester 1 |
12.5 |
Corequisites
None
Non-allowed subjects
| Code | Name | Teaching period | Credit Points |
|---|---|---|---|
| ECON90019 | International Trade | Semester 2 |
12.5 |
Recommended background knowledge
Please refer to Prerequisites and Corequisites.
Inherent requirements (core participation requirements)
The University of Melbourne is committed to providing students with reasonable adjustments to assessment and participation under the Disability Standards for Education (2005), and the Assessment and Results Policy (MPF1326). Students are expected to meet the core participation requirements for their course. These can be viewed under Entry and Participation Requirements for the course outlines in the Handbook.
Further details on how to seek academic adjustments can be found on the Student Equity and Disability Support website: http://services.unimelb.edu.au/student-equity/home
Last updated: 29 July 2022
Assessment
| Description | Timing | Percentage |
|---|---|---|
Four 750-word class assignments (10% each) due fortnightly
| Throughout the teaching period | 40% |
Individual Final Essay
| During the examination period | 60% |
Last updated: 29 July 2022
Dates & times
- Semester 2
Principal coordinator Phillip McCalman Mode of delivery Dual-Delivery (Parkville) Contact hours Three hours of lectures per week Total time commitment 170 hours Teaching period 25 July 2022 to 23 October 2022 Last self-enrol date 5 August 2022 Census date 31 August 2022 Last date to withdraw without fail 23 September 2022 Assessment period ends 18 November 2022 Semester 2 contact information
Phillip McCalman: mccalman@unimelb.edu.au
Time commitment details
170 hours
Last updated: 29 July 2022
Further information
- Texts
Prescribed texts
You will be advised of prescribed texts by your lecturer.
- Available to Study Abroad and/or Study Exchange Students
This subject is available to students studying at the University from eligible overseas institutions on exchange and study abroad. Students are required to satisfy any listed requirements, such as pre- and co-requisites, for enrolment in the subject.
Last updated: 29 July 2022