• 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 Undergraduate
  • Course convener
    • Prof Martin Richardson
  • Mode of delivery In Person
  • Offered in First Semester 2019
    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? 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 will consider in this class.

Learning Outcomes

On completion of the course, students should: 

·         be familiar with the main economic theories and models of international trade,

·         be aware of the likely distributional consequences of trade and thus of conflicting interests within an economy regarding trade liberalization,

·         understand economists’ arguments concerning trade policy and its analysis,

·         be able to apply economic reasoning to issues of the day surrounding globalization,

·         have an elementary understanding of open-economy macroeconomics and the determinants of exchange rates and the balance of payments.

Other Information

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).

See the course outline on the College courses page. Outlines are uploaded as they become available. 

Indicative Assessment

Assessment will be based on a convex combination of Problem Sets, a midterm examination, a final examination, a class presentation and participation in online and in-class exercises, where not all of these elements may receive a non-zero weight. The exams may include a range of question types including, but not limited to, short answer questions, definitional questions, analytical problems and essays.

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

Lectures and tutorials as for the pass course plus one additional honours lecture per week

Requisite and Incompatibility

To enrol in this course, you must have completed ECON2101 (or ECON2111 ) and ECON2102 (or ECON2112 or ECON2016 ). Incompatible with ECON3103.

Prescribed Texts

As for the pass course, with additional journal article references and web materials.

Assumed Knowledge

None

Majors

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:
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
Domestic fee paying students
Year Fee
2019 $4140
International fee paying students
Year Fee
2019 $5460
Note: Please note that fee information is for current year only.

Offerings and Dates

The list of offerings for future years is indicative only

First Semester

Class number Class start date Last day to enrol Census date Class end date Mode Of Delivery
3731 25 Feb 2019 04 Mar 2019 31 Mar 2019 31 May 2019 In Person

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