International Economics
ECO31
Overview
Level of study: What does Undergraduate Level 3 mean?
Undergraduate Level 3
EFTSL: What does EFTSL mean?
0.125
Delivery Method: What does delivery method mean?
Fully Online
Prerequisites: What are the prerequisites?
Duration:
13 weeks
Government loans available:
FEE-HELP FEE-HELP
Domestic student fee:
$1,090.00 (AUD)
International student fee:
$1,315.00 (AUD)
Description
With the increasing interdependence of economies, questions of domestic economic management are increasingly placed in an international context. Undertake examination of the theoretical and policy issues behind growing trade and investment linkages between economies. International trade policy developments include multilateral trade negotiations and increases in bilateral trade frictions.
Prerequisites
Mandatory prerequisites
You must have successfully completed the following unit(s) before starting this unit:
- ECO11 — Principles of Economics (Previously Microeconomics 1)
- ECO12 — Macroeconomics 1
If you have completed equivalent study at another university, please contact a Student Advisor for advice.
Assessment
- Assignment (40%)
- Invigilated Exam (60%)
Learning Outcomes
At the completion of this unit students will be able to:
- apply knowledge gained from the theoretical models discussed in the unit to examine International Trade between countries
- analyse strategic interactions between countries in respect to their trading arrangements
- explain the range of international trade organisations and the rules and standards applied to trade relationships between countries, paying attention to the impact of cultural diversity on such relationships
- demonstrate presentation skills.
Topics
This unit addresses the following topics.
| Number | Topic |
|---|---|
| 1 | Introduction and early trade theories |
| 2 | Absolute and comparative advantage |
| 3 | Heckscher-Ohlin model |
| 4 | Modern theories |
| 5 | Trade policy - instruments of policy |
| 6 | Economic integration |
| 7 | International trade and developing countries |
| 8 | Balance of payments and foreign exchange |
| 9 | International monetary system |
| 10 | Macroeconomic policy in an open economy |
| 11 | Fixed versus flexible exchange rates |
Study Resources
This unit is delivered using the following methods and materials:
Online materials
- Printable format materials
- Resources and Links
Textbook information for this unit is currently being updated and will be available soon. Please check back regularly for updates. Alternatively, visit the Unibooks website and enter the unit details to search for available textbooks.
Relevant Courses
This unit is part of a major, minor, stream or specialisation in the following courses:
This unit is an approved elective in the following courses:
This unit may be eligible for credit towards other courses:
- Many undergraduate courses on offer through OUA include 'open elective' where any OUA unit can be credited to the course. You need to check the Award Requirements on the course page for the number of allowed open electives and any level limitations.
- In other cases, the content of this unit might be relevant to a course on offer through OUA or elsewhere. In order to receive credit for this unit in the course you will need to supply the provider institution with a copy of the Unit Profile in the approved format, which you can download here. Note that the Unit Profile is set at the start of the year, and if textbooks change this may not match the Unibooks textbook list.
