ECO320 International Economics (8)


The purpose of this subject is to provide an in-depth and systematic understanding of the concepts, theories and policies relating to international trade and finance. In particular, the subject will deal with international trade theories, commercial policies, foreign exchange, issues in international resource movements, labour and environmental standards as well as international monetary systems. Assumed knowledge in this subject is equivalent to that covered in ECO110 and ECO120 or, in ECO130.

+ Subject Availability Modes and Location

Session 1
DistanceWagga Wagga Campus
Continuing students should consult the SAL for current offering details: ECO320
Where differences exist between the Handbook and the SAL, the SAL should be taken as containing the correct subject offering details.

Subject information

Duration Grading System School:
One sessionHD/FLSchool of Accounting and Finance

Assumed Knowledge

(ECO110 and ECO120) or ECO130

Enrolment restrictions

Not available to students who have completed ECO503. ECO320 and ECO503 are paired subjects
Incompatible subject(s)

Learning Outcomes

Upon successful completion of this subject, students should:
  • Be able to describe the concepts associated with the standard trade theories and evaluate the limitations of these theories;
  • Be able to critically investigate the significance of the newer complementary trade theories in explaining the current patterns in the world;
  • Be able to describe the operation of foreign exchange markets;
  • Be able to investigate the effects of commercial policies and describe the impact of international trade organisations and conventions on Australia's trading position;
  • Be able to discuss and evaluate issues in international resource movements, and labour and environmental standards;
  • Be able to demonstrate and communicate a broad knowledge of International Monetary Systems and recent events.


The subject will cover the following topics:
  • Introduction to International Economics
  • The Standards Theory of International Trade
  • Factor Endowments and the Heckscher-Ohlin Theory
  • Leontief Paradox and Complementary Trade Theories
  • Trade Restrictions: Tariffs and Non-Tariff Barriers
  • Developmental Implications of GATT/WTO and the Uruguay Round
  • Foreign Exchange Markets
  • International resource movements and multinational corporations
  • Political economy of labour and environmental standards
  • The International Monetary System, Past and Present.


The information contained in the 2016 CSU Handbook was accurate at the date of publication: 06 September 2016. The University reserves the right to vary the information at any time without notice.