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.

Availability

Session 2 (60)
Online
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

HD/FL

Duration

One session

School

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

ECO503

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.

Syllabus

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.

Indicative Assessment

The following table summarises the assessment tasks for the online offering of ECO320 in Session 2 2020. Please note this is a guide only. Assessment tasks are regularly updated and can also differ to suit the mode of study (online or on campus).

Item Number
Title
Value %
1
Online test
10
2
Blog posting
10
3
Short answers and essay
30
4
Final exam
50

The information contained in the CSU Handbook was accurate at the date of publication: May 2021. The University reserves the right to vary the information at any time without notice.

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