- Code ECON3013
- Unit Value 6 units
- Offered by Research School of Economics
- ANU College ANU College of Business and Economics
- Course subject Economics
- Areas of interest Economics, International Business
Why do countries trade with each other? How, why and by whom is international trade regulated? What are the welfare consequences of international trade? How does international trade affect individual firms, consumers, workers and industries? Why do some firms decide to export but not others? What is the impact of government policies on trade and welfare, and what are the best policies? Is a tariff war “easy to win”? What are the welfare effects of preferential trading arrangements between countries? What does the WTO do? What determines currency exchange rates and is a low or high dollar a good thing? Is monetary and fiscal policy more or less effective in an open economy than in a closed one? These are some of the questions we might consider in this class.
Upon successful completion, students will have the knowledge and skills to:
- demonstrate an understanding of the basic models of international economics and the analytical tools that economist use to analyze international economic interactions
- demonstrate an understanding of the tools taught in class and be able to recognise their application to the analysis of real world fact situations
- construct theoretical models of international economics related phenomena and manipulate them
- read and understand the gist of professional articles in the field of international trade.
This course is for intending Economics IV Honours students and other students who want a greater level of challenge, a more extensive treatment of the theory of international trade than is possible in the pass course and, particularly, an introduction to the use of general equilibrium analysis and its quantitative application in the context of trade models.
Information presented here should be read in parallel with ECON3103 International Economics (P).
- Assessment will be based on a combination of Problem Sets, quizzes, a class presentation, a midterm exam, a final exam and participation in online and in-class exercises, where not all of these elements will necessarily receive a non-zero weight in any given semester. (100) [LO null]
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Students in this class will share two lectures and a tutorial per week with ECON3103 and undertake a further lectorial per week. Students are expected to spend roughly 10 hours a week on this course, on average across the semester.
Requisite and Incompatibility
As for the pass course, with additional journal article references and web materials. Details will be in the Class Summary and Wattle site.
Strong mathematical economics skills will assist you in doing well in this course.
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.
|Class number||Class start date||Last day to enrol||Census date||Class end date||Mode Of Delivery||Class Summary|
|3114||24 Feb 2020||02 Mar 2020||31 Mar 2020||29 May 2020||In Person||N/A|