(cache) International Economics

Code ECON3103
Unit Value 6 units

Offered by Research School of Economics
ANU College ANU College of Business and Economics
Offered in First Semester 2016
Course subject Economics
Areas of interest Economics, International Business

Academic career Undergraduate

Why do countries trade with each other? How, why and by whom is international trade regulated? What are the welfare consequences of international trade? How does international trade affect individual firms, consumers, workers and industries? Why do some firms decide to export but not others? What is the impact of government policies on trade and welfare, and what are the best policies? What are the welfare effects of preferential trading arrangements between countries? What does the WTO do? What determines currency exchange rates and is a low or high dollar a good thing? Is monetary and fiscal policy more or less effective in an open economy than in a closed one? These are some of the questions we will consider in this class.

Learning Outcomes

On completion of the course, students should:

· be familiar with the main economic theories and models of international trade,

· be aware of the likely distributional consequences of trade and thus of conflicting interests within an economy regarding trade liberalization,

· understand economists’ arguments concerning trade policy and its analysis,

· be able to apply economic reasoning to issues of the day surrounding globalization,

· have an elementary understanding of open-economy macroeconomics and the determinants of exchange rates and the balance of payments.

Indicative Assessment

Assessment will be based on a convex combination of Problem Sets, a midterm examination, a final examination, a class presentation and participation in online and in-class exercises, where not all of these elements may receive a non-zero weight. The exams may include a range of question types including, but not limited to, short answer questions, definitional questions, analytical problems and essays.

The ANU uses Turnitin to enhance student citation and referencing techniques, and to assess assignment submissions as a component of the University's approach to managing Academic Integrity. While the use of Turnitin is not mandatory, the ANU highly recommends Turnitin is used by both teaching staff and students. For additional information regarding Turnitin please visit the ANU Online website.

Workload

Two lectures and one tutorial per week. Students are expected to spend roughly 10 hours a week on this course, on average across the semester.

Requisite and Incompatibility

To enrol in this course you must have completed either ECON2101 Microeconomics 2 (P) or ECON2111 Microeconomics 2 (H); and either ECON2102 Macroeconomics 2 (P) or ECON2112 Macroeconomics 2 (H).

Assumed Knowledge

None

Other Information

See the course outline on the College courses page. Outlines are uploaded as they become available.

Majors

Economic Studies

Fees

Tuition fees are for the academic year indicated at the top of the page.

If you are a domestic graduate coursework or international student you will be required to pay tuition fees. Tuition fees are indexed annually. Further information for domestic and international students about tuition and other fees can be found at Fees.

Student Contribution Band:: Band 3
Unit value:: 6 units

If you are an undergraduate student and have been offered a Commonwealth supported place, your fees are set by the Australian Government for each course. At ANU 1 EFTSL is 48 units (normally 8 x 6-unit courses). You can find your student contribution amount for each course at Fees. Where there is a unit range displayed for this course, not all unit options below may be available.

Units	EFTSL
6.00	0.12500

Course Fees:

Domestic fee paying students

Year	Fee
2016	$3480

International fee paying students

Year	Fee
2016	$4638

Terms

First Semester, 2016

Class number	Class start date	Last day to enrol	Census date	Class end date
4672	15 Feb 2016	26 Feb 2016	31 Mar 2016	27 May 2016