ECF3121 Economics of international trade
Faculty of Business and Economics
ECF3121 Economics of international trade is a level 3, 6-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2020 in Semester 2 at Caulfield. It needs (ECS1102, ECB1102, ECW1102, ECC1100 or ECF1200) and (ECF2731, ECS2731, ECB2731, ECW2731 or ECC2000).
- Credit points
- 6
- Offered in 2020
- Semester 2
- Caulfield
- Assessment
- Exam 60%
- and 1 other task
- Workload
- 144 hours
- per semester
This is the 2020 handbook entry. See the 2027 entry.
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Requisites
Before ECF3121
Prerequisites
Pass these before you enrol.
Prohibitions
You can't enrol if you have passed any of these.
After ECF3121
No unit lists ECF3121 as a prerequisite in the 2020 handbook.
Equivalent units
The same content under another code. Only one of them counts.
Overview
The pure theory of international trade. Trade and income distribution, economic growth and changes in trade, bases for trade and gains from trade. Trade policy. Tariffs, quotas, subsidies, import discrimination and other national policies affecting trade. Trade policies in developing nations. The foreign exchange market and its impact on international trade. Models of currency crisis.
Offerings in 2020
| Teaching period | Campus | Mode |
|---|---|---|
| Second semester | Caulfield | On campus |
Assessment
- Within semester assessment40%
- ExaminationThreshold hurdle60%
Learning outcomes
When you finish this unit, you should be able to:
- 1
understand the microeconomic and macroeconomic theory underlying the discipline of international economics
- 2
understand the "open" economy
- 3
understand foreign exchange markets and their role in international trade
- 4
understand contemporary policy debates in the area of international trade.
Workload and teaching
- Lectures22 hours
- Tutorials12 hours
- Teaching approachOnline learning
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
Learning resources
Technology resources
The only Faculty approved calculators permitted in tests and examinations for all Australian campuses and locations is the HP10bII+ or Casio FX82 (any suffix).
Where it fits
ECF3121 is part of 1 area of study in the 2020 handbook.
Contacts
- Chief Examiners
- Dr Laura Puzzello
Common questions
What are the prerequisites for ECF3121?
You need (ECS1102, ECB1102, ECW1102, ECC1100 or ECF1200) and (ECF2731, ECS2731, ECB2731, ECW2731 or ECC2000) before you enrol.
When is ECF3121 offered?
In 2020, ECF3121 runs in Semester 2 at Caulfield.
How much work is ECF3121?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does ECF3121 have an exam?
Yes. The exam is worth 60% of the final mark, alongside 1 other task.
Which majors and minors include ECF3121?
ECF3121 is part of Economics and business strategy.