• 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.

Learning Outcomes

Upon successful completion, students will have the knowledge and skills to:

  1. demonstrate an understanding of the main economic theories and models of international trade,
  2. demonstrate an understanding of the likely distributional consequences of trade and thus of conflicting interests within an economy regarding trade liberalization,
  3. demonstrate an understanding of economists’ arguments concerning trade policy and its analysis,
  4. to apply economic reasoning to issues of the day surrounding globalization,
  5. demonstrate an elementary understanding of open-economy macroeconomics and the determinants of exchange rates and the balance of payments.

Other Information

Indicative Assessment

  1. 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]

The ANU uses Turnitin to enhance student citation and referencing techniques, and to assess assignment submissions as a component of the University's approach to managing Academic Integrity. While the use of Turnitin is not mandatory, the ANU highly recommends Turnitin is used by both teaching staff and students. For additional information regarding Turnitin please visit the ANU Online website.

Workload

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.

Inherent Requirements

Not applicable

Requisite and Incompatibility

To enrol in this course, you must have completed ECON2101 Microeconomics 2 (P) (or ECON2111 Microeconomics 2 (H) ) and ECON2102 Macroeconomics 2 (P) (or ECON2112 Macroeconomics 2 (H) or ECON2016 Economics II (H) ). Incompatible with ECON3013

Prescribed Texts

See Class Summary and Wattle site.

Fees

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:
3
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.

Units EFTSL
6.00 0.12500
Note: Please note that fee information is for current year only.

Offerings, Dates and Class Summary Links

The list of offerings for future years is indicative only.
Class summaries, if available, can be accessed by clicking on the View link for the relevant class number.

First Semester

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 31 Mar 2020 29 May 2020 In Person N/A

Responsible Officer: Registrar, Student Administration / Page Contact: Website Administrator / Frequently Asked Questions