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International Trade (ECON90019)
Graduate courseworkPoints: 12.5On Campus (Parkville)
You’re currently viewing the 2024 version of this subject
Overview
Availability | Semester 2 |
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Fees | Look up fees |
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: 8 November 2024