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International Trade (ECON40003)
HonoursPoints: 12.5On Campus (Parkville)
About this subject
- Overview
- Eligibility and requirements
- Assessment
- Dates and times
- Further information
- Timetable (login required)(opens in new window)
Contact information
Semester 2
Reshad Ahsan: rahsan@unimelb.edu.au
Overview
Availability | Semester 2 |
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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); and
- 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:
- 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: 31 January 2024