This course provides necessary inputs to understand the sources of economic growth, international trade, and globalization mainly from the policy perspective of developing countries in the Asia Pacific region. It is more of a policy-analysis course than a pure theoretical course. Drawing on the most relevant theories, this course will answer important development questions of “How do some countries grow faster than others? What are the sources of growth? What is the role of international trade in the growth process of a country? Why do governments in developing countries follow the so called restrictive trade policies? Has globalization contributed to reduction in poverty across developing countries? Can Official Development Assistance be used for climate change mitigation and adaptation?” The course will discuss in details some of the important analytical methodologies that are followed in the literature to answer the above questions empirically. Though lecture notes in the form of power point presentations are given, students need to read the papers included in the reading brick along with the readings suggested below. Further readings may be given.
Students’ will be asked to form a group of 3 students to work collectively on a research topic agreed by the lecturer. Each group needs to collectively make a presentation in the class and needs to submit a final version of their research at the end of the course.
Learning Outcomes
Upon successful completion, students will have the knowledge and skills to:
After completing the course, you will be able to :
- Understand the effects of tariffs and subsidies on trade patterns and the welfare of trading nations.
- Explain how international negotiations and agreements have promoted world trade.
- Identify and measure the sources of economic growth using conventional and advanced methods with particular reference to the Asian countries.
Other Information
Delivery Mode:
On Campus.
Semester II intensive. Important concepts and their applications in Trade and Development rather than theoretical formalism are taught. Lecture notes in the form of power point presentations are given. Study brick is available for students.
Indicative Assessment
Group Research: 40%
Final Examination: 60%.
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
Contact hours: 6 Hrs/week
Students' preparations: 3 Hrs/week
Prescribed Texts
P. Krugman and M. Obstfeld, International Economics: Theory and Policy, 8th Edition, Pearson International Edition, 2008.
K.P. Kalirajan and S. Bhide, A Disequilibrium Macroeconometric Model for India, Aldershot, U.K.: Ashgate, 2003.
T. Sonobe and K. Otsuka (2011), Cluster based Industrial Development, London: Palgrave Macmillan.
Preliminary Reading
Gaofeng Han, Kaliappa Kalirajan, and Nirvikar Singh, "Productivity and Economic Growth in East Asia: Innovation, Efficiency, and Accumulation", Japan and the World Economy, 14:401-424, 2002.
K.P. Kalirajan and S. Bhide, "The Post-reform Performance of the Manufacturing Sector in India", Asian Economic Papers, 3(2):126-157, 2004.
Chia-Hung Sun and Kaliappa Kalirajan, "Gauging the Sources of Growth of High-tech and Low-tech Industries: The Case of Korean Manufacturing", Australian Economic Papers, June 2005.
Kaliappa Kalirajan, "Regional Cooperation and Bilateral Trade Flows: An Empirical Measurement of Resistance", The International Trade Journal, XXI(2), Summer 2007.
Kaliappa Kalirajan and Kanhaiya Singh, "A Comparative Analysis of China's and India's Recent Export Performances", Asian Economic Papers, 7(1): 1-28, 2008.
Assumed Knowledge
Basic knowledge of principles of economics, such as consumers' surplus, producers' surplus, monopoly pricing is helpful.
Fees
Tuition fees are for the academic year indicated at the top of the page.
Commonwealth Support (CSP) Students
If you 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). More information about your student contribution amount for each course at Fees.
- Student Contribution Band:
- 34
- Unit value:
- 6 units
If you are a domestic graduate coursework student with a Domestic Tuition Fee (DTF) place or international student you will be required to pay course tuition fees (see below). Course tuition fees are indexed annually. Further information for domestic and international students about tuition and other fees can be found 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 |
Course fees
- Domestic fee paying students
| Year | Fee | Description |
|---|---|---|
| 2023 | $4560 | Standard Rate |
| 2023 | $3600 |
Grandfathered Rate*
*continuing students in nominated programs only. See fee website |
- International fee paying students
| Year | Fee |
|---|---|
| 2023 | $5820 |
Offerings, Dates and Class Summary Links
ANU utilises MyTimetable to enable students to view the timetable for their enrolled courses, browse, then self-allocate to small teaching activities / tutorials so they can better plan their time. Find out more on the Timetable webpage.
