eco3itr international trade
INTERNATIONAL TRADE
ECO3ITR
2015
Credit points: 15
Subject outline
In this subject topics in international trade theory are covered, such as determinants and patterns of trade and international competitiveness. Selected topics in international trade policy, including distortions such as import tariffs and export subsidies, and Australia's relationship with Regional Trade Agreements and the World Trade Organisation, are also explored.
SchoolLa Trobe Business School
Credit points15
Subject Co-ordinatorSuzanne O'Keefe
Available to Study Abroad StudentsYes
Subject year levelYear Level 3 - UG
Exchange StudentsYes
Subject particulars
Subject rules
Prerequisites ECO1DSM or BUS1BUE or ECO1IMI
Co-requisitesN/A
Incompatible subjectsN/A
Equivalent subjectsN/A
Special conditionsN/A
Learning resources
Readings
Resource Type | Title | Resource Requirement | Author and Year | Publisher |
---|---|---|---|---|
Readings | International Economics: Theory & Policy, 9th Edition | Prescribed | Krugman, Paul R., Maurice Obstfeld, Marc Melitz | ADDISON WESLEY 2012 |
Graduate capabilities & intended learning outcomes
01. Differentiate between the 5 principal determinants of trade
- Activities:
- examples in lectures and tutorials
- Related graduate capabilities and elements:
- Creative Problem-solving(Creative Problem-solving)
- Critical Thinking(Critical Thinking)
- Information Literacy(Information Literacy)
02. List the characteristics of Free Trade Agreements, Customs Unions, and the World Trade Organization, and the evaluate the role they play in international trade policy.
- Activities:
- examples in lectures and tutorials
- Related graduate capabilities and elements:
- Critical Thinking(Critical Thinking)
- Creative Problem-solving(Creative Problem-solving)
- Information Literacy(Information Literacy)
03. Explain how international differences in production technology can lead to trade and gains from trade
- Activities:
- examples in lectures and tutorials
- Related graduate capabilities and elements:
- Creative Problem-solving(Creative Problem-solving)
- Critical Thinking(Critical Thinking)
- Information Literacy(Information Literacy)
04. Show how differences in factor endowments can lead to trade and the gains from trade in the short run when factors are not mobile between industries.
- Activities:
- examples in lectures and tutorials
- Related graduate capabilities and elements:
- Creative Problem-solving(Creative Problem-solving)
- Information Literacy(Information Literacy)
- Critical Thinking(Critical Thinking)
05. Use the principal results of the Heckscher-Ohlin trade model to evaluate the effects of trade on different agents within an economy
- Activities:
- examples in lectures and tutorials
- Related graduate capabilities and elements:
- Creative Problem-solving(Creative Problem-solving)
- Critical Thinking(Critical Thinking)
- Information Literacy(Information Literacy)
06. Use the simple two good general equilibrium model to analyse terms of trade changes
- Activities:
- examples in lectures and tutorials
- Related graduate capabilities and elements:
- Information Literacy(Information Literacy)
- Critical Thinking(Critical Thinking)
- Creative Problem-solving(Creative Problem-solving)
07. Explain how the presence of external economies of scale can lead to gains from trade.
- Activities:
- examples in lectures and tutorials
- Related graduate capabilities and elements:
- Creative Problem-solving(Creative Problem-solving)
- Information Literacy(Information Literacy)
- Critical Thinking(Critical Thinking)
08. Graphically and numerically demonstrate how the presence of increasing returns to scale and imperfectly competitive output markets can lead to intra-industry trade
- Activities:
- examples in lectures and tutorials
- Related graduate capabilities and elements:
- Critical Thinking(Critical Thinking)
- Information Literacy(Information Literacy)
- Creative Problem-solving(Creative Problem-solving)
09. Use a partial equilibrium diagram to assess the various tools of trade policy use by governments
- Activities:
- examples in lectures and tutorials
- Related graduate capabilities and elements:
- Critical Thinking(Critical Thinking)
- Information Literacy(Information Literacy)
- Creative Problem-solving(Creative Problem-solving)
10. Critique the basic arguments surrounding the political economy of trade policy.
- Activities:
- examples in lectures and tutorials
- Related graduate capabilities and elements:
- Information Literacy(Information Literacy)
- Creative Problem-solving(Creative Problem-solving)
- Critical Thinking(Critical Thinking)
Subject options
Select to view your study options…
France, 2015, Week 02-11, Day
Overview
Online enrolmentYes
Maximum enrolment size10
Enrolment information TBC TBC
Subject Instance Co-ordinatorDarren Henry
Class requirements
LectureWeek: 02 - 11
One 2.0 hours lecture per week on weekdays during the day from week 02 to week 11 and delivered via face-to-face.
Assessments
Assessment element | Comments | % | ILO* |
---|---|---|---|
Two in lecture quizzes | 40 | 01, 03, 04, 05, 06 | |
One two hour final exam | 50 | 01, 02, 03, 04, 05, 06, 07, 08, 09, 10 | |
tutorial participation | 10 |
Melbourne, 2015, Semester 2, Day
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorDarren Henry
Class requirements
LectureWeek: 31 - 43
One 2.0 hours lecture per week on weekdays during the day from week 31 to week 43 and delivered via face-to-face.
TutorialWeek: 31 - 43
One 1.0 hours tutorial per week on weekdays during the day from week 31 to week 43 and delivered via face-to-face.
Assessments
Assessment element | Comments | % | ILO* |
---|---|---|---|
Two in lecture quizzes | 40 | 01, 03, 04, 05, 06 | |
One two hour final exam | 50 | 01, 02, 03, 04, 05, 06, 07, 08, 09, 10 | |
tutorial participation | 10 |