International Economics PG (11429.1)

This unit consists of two parts. The first Microeconomics section is about international trade theory and trade policy. The second part is about Macroeconomic policy in economies with high levels of international capital mobility.

Learning outcomes

After successful completion of this unit, students will be able to:
1. Compare and contrast the different theories of international trade and to make a judgement about their relative applicability to different countries;
2. Analyse the effects of different trade policies on both income distribution and the overall welfare of a country; and
3. Synthesise and explain an informed position in the debate over the effects of macroeconomic policies in an economy that is open to international capital flows.

Graduate attributes

1. UC graduates are professional - employ up-to-date and relevant knowledge and skills
1. UC graduates are professional - communicate effectively
1. UC graduates are professional - use creativity, critical thinking, analysis and research skills to solve theoretical and real-world problems
1. UC graduates are professional - display initiative and drive, and use their organisation skills to plan and manage their workload
1. UC graduates are professional - take pride in their professional and personal integrity
2. UC graduates are global citizens - think globally about issues in their profession
2. UC graduates are global citizens - adopt an informed and balanced approach across professional and international boundaries
3. UC graduates are lifelong learners - adapt to complexity, ambiguity and change by being flexible and keen to engage with new ideas
3. UC graduates are lifelong learners - reflect on their own practice, updating and adapting their knowledge and skills for continual professional and academic development

Prerequisites

6234 Economics for Managers G

Corequisites

None.

Incompatible units

6408 International Economics and 11207 International Economics

Equivalent units

None.

Assumed knowledge

Some Microeconomics and Macroeconomics.