ECO503 International Economics (8)
CSU Discipline Area: Economics and Finance (ECFIN)
Duration: One session
Abstract:
This subject, using theoretical and empirical literature, offers critical analysis of the world economic environment. In particular, it focuses on trade theories, the political economy of trade protection, the role of the World Trade Organisation (WTO)/General Agreement on Tariffs and Trade (GATT) in liberalising world trade, issues in foreign investment, labour and environmental standards, and recent events in foreign exchange markets and international monetary systems.
+ Subject Availability Modes and Locations
No offerings have been identified for this subject in 2013.Continuing students should consult the SAL for current offering details prior to contacting their course coordinator: ECO503
Where differences exist between the handbook and the SAL, the SAL should be taken as containing the correct subject offering details.
Objectives:
Upon successful completion of this subject, students should:
- be able to critically investigate the implications of international trade theories and trade protection;
- be able to assess the impact of WTO/GATT on world trading environment, including the political economy of labour and environmental issues;
- be able to analyse and discuss the operation of foreign exchange markets and recent events in the financial market;
- be able to critically examine the issues relating to international resource movements, including effects on host and source countries;
- be able to develop an understanding of international monetary systems.
Syllabus:
The subject will cover the following topics:
- issues in international economic environment;
- issues in international trade theories;
- trade restrictions: tariffs and non-tariff barriers and their implications;
- liberalisation of trade under the WTO/GATT and its developmental implications;
- foreign exchange markets;
- political economy of labour and environmental standards;
- international resource movements and multi-national companies;
- recent events in international monetary relations.
The information contained in the 2013 CSU Handbook was accurate at the date of publication: 24 April 2013. The University reserves the right to vary the information at any time without notice.