• Offered by Research School of Economics
  • ANU College ANU College of Business and Economics
  • Course subject Economics

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 basic models of international economics and the analytical tools that economists use to analyze international economic interactions;
  2. demonstrate an understanding of the tools taught in class and be able to recognise their application to the analysis of real world fact situations;
  3. construct theoretical models of international economics related phenomena and manipulate them;
  4. read and understand the gist of professional articles in the field of international trade.

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 null]

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Workload

Students in this class will share two lectures and a tutorial per week with ECON3103 and a further lectorial 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 (or ECON2111) and ECON2102 (or ECON2112 or ECON2016). Incompatible with ECON3103 and ECON3013.

You will need to contact the Research School of Economics to request a permission code to enrol in this course.

Prescribed Texts

See Class Summary and Wattle site

Assumed Knowledge

This 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.

Specialisations

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
3235 24 Feb 2020 02 Mar 2020 31 Mar 2020 29 May 2020 In Person N/A

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