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International Trade (ECON40003)

HonoursPoints: 12.5On Campus (Parkville)

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Overview

Availability
Semester 2
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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: 12 November 2021

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: 12 November 2021

Assessment

DescriptionTimingPercentage

Four 750-word class assignments (10% each) due fortnightly

  • 3000 words (total)
Throughout the teaching period40%

Individual Final Essay

  • 1500 words
During the examination period60%

Last updated: 12 November 2021

Dates & times

  • Semester 2
    Principal coordinatorPhillip McCalman
    Mode of deliveryOn Campus (Parkville)
    Contact hoursThree hours of lectures per week
    Total time commitment170 hours
    Teaching period25 July 2022 to 23 October 2022
    Last self-enrol date 5 August 2022
    Census date31 August 2022
    Last date to withdraw without fail23 September 2022
    Assessment period ends18 November 2022

    Semester 2 contact information

    Phillip McCalman: mccalman@unimelb.edu.au

Time commitment details

170 hours

Last updated: 12 November 2021

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: 12 November 2021