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 Outlines
Current CSU students can view Subject Outlines for recent sessions. Please note that Subject Outlines and assessment tasks are updated each session.


Session 1 (30)
Wagga 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

Grading System



One session


School of Accounting and Finance

Enrolment Restrictions

Not available to students who have completed ECO503. ECO320 and ECO503 are paired subjects

Assumed Knowledge
(ECO110 and ECO120) or ECO130
Incompatible Subjects


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.


This 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.


Current Students

For any enquiries about subject selection or course structure please contact Student Central or or phone on 1800 275 278.

Prospective Students

For further information about Charles Sturt University, or this course offering, please contact info.csu on 1800 275 278 (free call within Australia) or enquire online.

The information contained in the 2018 CSU Handbook was accurate at the date of publication: August 2018. The University reserves the right to vary the information at any time without notice.