Handbook

ECON40003 International Trade

Credit Points: 12.5
Level: 4 (Undergraduate)
Dates & Locations:

This subject has the following teaching availabilities in 2017:

Semester 2, Parkville - Taught on campus.Show/hide details
Pre-teaching Period Start not applicable
Teaching Period 24-Jul-2017 to 22-Oct-2017
Assessment Period End 17-Nov-2017
Last date to Self-Enrol 04-Aug-2017
Census Date 31-Aug-2017
Last date to Withdraw without fail 22-Sep-2017


Timetable can be viewed here.
For information about these dates, click here.
Time Commitment: Contact Hours: Three hours of lectures per week
Total Time Commitment:

170 Hours

Prerequisites:

Admission into BH-COM or BH-ARTS (Economics) and

Subject
Study Period Commencement:
Credit Points:
Corequisites:

None

Recommended Background Knowledge:

Please refer to Prerequisites and Corequisites.

Non Allowed Subjects:

Students may not gain credit for both ECON40003 International Trade and ECON90019 International Trade

Core Participation Requirements:

For the purposes of considering request for Reasonable Adjustments under the Disability Standards for Education (Cwth 2005), and Student Support and Engagement Policy, academic requirements for this subject are articulated in the Subject Overview, Learning Outcomes, Assessment and Generic Skills sections of this entry.

It is University policy to take all reasonable steps to minimise the impact of disability upon academic study, and reasonable adjustments will be made to enhance a student's participation in the University's programs. Students who feel their disability may impact on meeting the requirements of this subject are encouraged to discuss this matter with a Faculty Student Adviser and Student Equity and Disability Support: http://services.unimelb.edu.au/disability

Coordinator

Prof Phillip Mccalman

Contact

mccalman@unimelb.edu.au

Subject Overview:

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.

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.
Assessment:
  • A 2-hour end-of-semester examination (70%)
  • Class assignments totalling not more than 3000 words (30%)
  • To pass this subject students must pass the end of semester examination.
Prescribed Texts:

You will be advised of prescribed texts by your lecturer.

Breadth Options:

This subject is not available as a breadth subject.

Fees Information: Subject EFTSL, Level, Discipline & Census Date
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.

Related Majors/Minors/Specialisations: Master of Economics electives

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