- Code ECON3103
- 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
- Academic career UGRD
- Dr Martin Richardson
- Mode of delivery In Person
- Co-taught Course
First Semester 2020
See Future Offerings
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 main economic theories and models of international trade,
- demonstrate an understanding of the likely distributional consequences of trade and thus of conflicting interests within an economy regarding trade liberalization,
- demonstrate an understanding of economists’ arguments concerning trade policy and its analysis,
- to apply economic reasoning to issues of the day surrounding globalization,
- demonstrate an elementary understanding of open-economy macroeconomics and the determinants of exchange rates and the balance of payments.
- 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 1,2,3,4,5]
In response to COVID-19: Please note that Semester 2 Class Summary information (available under the classes tab) is as up to date as possible. Changes to Class Summaries not captured by this publication will be available to enrolled students via Wattle.
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Two lectures 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
See Class Summary and Wattle site.
Tuition fees are for the academic year indicated at the top of the page.
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- Student Contribution Band:
- Unit value:
- 6 units
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Offerings, Dates and Class Summary Links
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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|
|3064||24 Feb 2020||02 Mar 2020||08 May 2020||05 Jun 2020||In Person||View|