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ECON13-303: International Trade

Description

This subject offers a broad understanding of international trade issues and policy. The impact of protectionist instruments and the role of international agreements and organisations in moderating protectionist behaviour are examined using economic theory. The history of Australian protectionism will be used as an example to illustrate how attitudes to protectionism can evolve over time. This example will illustrate that a national mindset, as well as self-interest, influences the formation and evolution of policy. The effects of various trade and investment policies on developing countries is also explored.

Subject details

TypeUndergraduate
CodeECON13-303
EFTSL0.125
FacultyBond Business School
Semesters offered
  • January 2019 [Standard Offering]
  • May 2019 [Standard Offering]
  • January 2020 [Standard Offering]
  • May 2020 [Standard Offering]
Credit10
Study abroadAvailable to Study Abroad students
Study areas
  • Business and Commerce
Subject fees
  • Commencing in 2018: $4,247
  • Commencing in 2019: $4,290

Learning outcomes

1. Explain the concept of comparative advantage and how it can be used to counteract mercantilism and other populist protectionist notions.
2. Explain the Heckscher-Ohlin, Specific Factors, and Imperfect Competition models of international trade and the implications of each.
3. Apply appropriate economic theory to analyse different trade policies and their political economy considerations.
4. Explain the role of the WTO and preferential trade agreements.
5. Demonstrate knowledge of how trade and investment policies affect developing countries.

Prerequisites

Students must have successfully completed ECON11-100 Principles of Economics or equivalent prior to undertaking ECON13-303.

Subject outlines

Subject dates

Standard Offering
Enrolment opens12/11/2017
Semester start15/01/2018
Subject start15/01/2018
Cancellation 1?29/01/2018
Cancellation 2?05/02/2018
Last enrolment28/01/2018
Last withdrawal?09/02/2018
Teaching census?09/02/2018
Standard Offering
Enrolment opens18/03/2018
Semester start14/05/2018
Subject start14/05/2018
Cancellation 1?28/05/2018
Cancellation 2?04/06/2018
Last enrolment27/05/2018
Last withdrawal?08/06/2018
Teaching census?08/06/2018