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  3. International Trade Policy

International Trade Policy (ECON30001)

Undergraduate level 3Points: 12.5On Campus (Parkville)

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Overview

Year of offer2017
Subject levelUndergraduate Level 3
Subject codeECON30001
Campus
Parkville
Availability
Semester 1
FeesSubject EFTSL, Level, Discipline & Census Date

This subject will cover the determinants, patterns and effects of international trade within a general equilibrium framework, where the interrelationships amongst product and factor markets in an economy are explicitly taken into consideration. It deals with how trade is affected by government policies and international trading agreements. It introduces basic analytical tools for evaluating the welfare and income distributional consequences of trade policies from both an industry and national perspective. The theories are related to current issues in international economics, such as globalisation, regional trading blocs and trade policies generally in Australia and the rest of the world.

Learning outcomes

  • Analyse the determinants, patterns and effects of international trade within a general equilibrium framework, where the interrelationships amongst product and factor markets in an economy are explicitly taken into consideration
  • Explain the effect of government policy on trade
  • Critically evaluate the welfare and income distributional consequences of trade policies.
  • Describe theoretical models in trade theory and apply these theories to the real world trade issues

Generic skills

  • High level of development: problem solving; interpretation and analysis; critical thinking.

  • Moderate level of development: application of theory to practice; synthesis of data and other information.

  • Some level of development: written communication; collaborative learning; statistical reasoning; evaluation of data and other information; receptiveness to alternative ideas.

Last updated: 29 April 2017