International Economics (6408.5)

CLOSED FOR FUTURE ENROLMENT.

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Unit Outlines

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• Semester 1, 2018, ON-CAMPUS, BRUCE (177731) - View
• Semester 1, 2017, ON-CAMPUS, BRUCE (166675) - View
• Semester 1, 2016, ON-CAMPUS, BRUCE (157588) - View
• Semester 1, 2015, ON-CAMPUS, BRUCE (146079) - View

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Syllabus

This unit comprises a study of the principles of international trade, and their application to the Australian economy. Topics include a survey of the theories of international trade; the economic effects of protection; the analysis of the balance of Payments; policy projections for external and internal balance; capital flows and foreign investment; the rate of exchange; the problem of international liquidity; international monetary institutions; international trade and development; customs, unions, and trade liberalisation.

Learning Outcomes

Building on Intermediate Microeconomic and Macroeconomic theory, students will be able to:

1. Analyse both different theories of international trade and Macroeconomic problems faced by open economies;

2. Evaluate the assumptions underpinning these different theories of international trade and use this knowledge to identify an appropriate theory to answer a particular question; and

3. Analyse advanced Macroeconomics models including the Dornbusch exchange rate overshooting model.

Assessment Items

Contact Hours

Normally thirty nine hours per semester.

Prerequisites

Intermediate Macroeconomics; Intermediate Microeconomics.