Undergraduate TAS-BEA105-2021

International Economics

Duration

12 weeks

Study method

100% online

Available loans

HECS-HELP
FEE-HELP

Assessments

Subjects may require attendance

Prior study

Not required

Study terms

22 Feb 2021

Australia’s fourth oldest university, the University of Tasmania, is highly regarded internationally for teaching and academic excellence. The university offers more than 100 undergraduate degrees and more than 50 postgraduate programs across a range of disciplines. The university offers students a diverse range of opportunities, the chance to learn from leading experts, and excellent preparation for their future careers.

QS RANKING 2021

Times Higher Education Ranking 2021

Subject details

What you'll learn

Upon completion of this subject, the student should be able to:

Use economic concepts to describe the economic behaviour of consumers, firms and governments within the context of international markets for goods and services
Use appropriate economic models to support the economic analysis of international trade, the assessment of various trade related government policies, and related macroeconomic issues
Effectively communicate economic reasoning and arguments supported by appropriate evidence

Topics covered

- What is international economics?
- Supply oriented theories of trade
- Absolute advantage
- Comparative advantage
- Factor availability and factor endowments
- What Production and consumption combination is selected?
- Gains and losses from trade
- Export-Oriented and Import-Competing factors from Australian and Tasmanian perspective
- International trade and economic growth
- Issues concerning two-speed economies i.e. mining vs non-mining boom and the implications for states like Tasmania
- Trade policy: Analysis of tariff and non-tariff measures
- Large economies (US and China) vs small open economies like Australia
- Arguments for and against protectionist measures
- Effects of economic crisis and catastrophic events on protectionist measures and their implication on Australia and Tasmania’s export sectors
- US-China trade war
- Trade and environment
- Global environmental challenges and implications for Tasmania
- Multinational Corporations
- Home country vs host country
- International factor movements
- Sending country vs receiving country
- What Determines Exchange Rate?
- Short run vs long run
- How does exchange rate movements affects Tasmania’s export sectors?
- Unit Review and Feedback

Entry requirements

No eligibility requirements

Special requirements

No special requirements

Description

The study of international economics provides students with a balance of both micro and macro view of economics in a global perspective. The emphasis on international trade, investment and monetary related issues provide students the required analytical tools to understand the implications of trade and monetary issues on global and local economies. Students who successfully complete this subject will be able to demonstrate why global and regional uneven development occurs and why efficiency and equity do not always complement each other.

Assessments

Bi-weekly Quiz - 5 submissions (15%%)
Homework - 3 submissions (15%%)
Major Assignment (Group Work) (20%%)
Final Exam (50%%)

Textbooks

Current study term: 21 Feb 21 to 30 May 21

Check the learning management system (LMS) of your university for textbook details.