The course examines the micro- and macro-economics of international trade. First we examine the gains from trade, the determinants of patterns of international trade and the effects of trade on income distribution, all in low-dimensional models. We will also have some discussion of extensions to higher dimensions. We then turn to policy and analyse a number of arguments, both traditional and more recent, for active trade and industrial policies. We will analyse preferential trading areas and the political economy of trade policy before turning to international macroeconomics and finance.
Upon successful completion, students will have the knowledge and skills to:
- Be familiar with the basic models of international economics and the analytical tools that economists use to analyze international economic interactions;
- Understand the tools taught in class and be able to recognise their application to the analysis of real world fact situations;
- Be able to construct theoretical models of international economics related phenomena and manipulate them.
- Be able to read and understand professional articles in the field of international economics
- Assessment will be based on a convex combination of Problem Sets, a midterm examination, a final examination, a class presentation and participation in online and in-class exercises, where not all of these elements may receive a non-zero weight. The exams may include a range of question types including, but not limited to, short answer questions, definitional questions, analytical problems and essays. (null) [LO null]
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in this class will share two lectures a week with ECON3103 and a further
lecture and one tutorial per week.
Students are expected to spend roughly 10 hours a week on this course,
on average across the semester.
Requisite and Incompatibility
You will need to contact the Research School of Economics to request a permission code to enrol in this course.
Correction to LO's following migration errors only
course assumes a good knowledge of intermediate macroeconomics and more
advanced microeconomics. It will also be assumed that students are reasonably
familiar with mathematical tools and intermediate statistics. No other prior
knowledge will be assumed.
Tuition fees are for the academic year indicated at the top of the page.
If you are a domestic graduate coursework or international student you will be required to pay tuition fees. Tuition fees are indexed annually. Further information for domestic and international students about tuition and other fees can be found at Fees.
- Student Contribution Band:
- Unit value:
- 6 units
If you are an undergraduate student and have been offered a Commonwealth supported place, your fees are set by the Australian Government for each course. At ANU 1 EFTSL is 48 units (normally 8 x 6-unit courses). You can find your student contribution amount for each course at Fees. Where there is a unit range displayed for this course, not all unit options below may be available.
Offerings, Dates and Class Summary Links
Class summaries, if available, can be accessed by clicking on the View link for the relevant class number.