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UnitLevel 2Undergraduate

ECI2721 Trade finance and foreign exchange

Faculty of Business and Economics

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ECI2721 Trade finance and foreign exchange is a level 2, 6-credit-point, undergraduate unit from the Faculty of Business and Economics. It isn't offered in 2026. It needs ECF1100, ECI1100, ECW1101, ECB1101 or ECC1000.

Credit points
6
Offered in 2026
Not offered
Assessment
Exam 60%
and 2 other tasks
Workload
144 hours
per semester

This is the 2026 handbook entry. See the 2027 entry.

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Requisites

Before ECI2721

Prerequisites

Pass these before you enrol.

One of

Prohibitions

You can't enrol if you have passed any of these.

One of

After ECI2721

No unit lists ECI2721 as a prerequisite in the 2026 handbook.

Enrolment rules

To be successful in this unit, background knowledge and application of maths is required at the equivalent of VCE Year 12. You may have satisfied this by completing relevant prerequisite unit/s, or you have covered relevant topics in your final years of secondary study. You should self-assess your maths competency prior to enrolling in this unit.

Equivalent units

The same content under another code. Only one of them counts.

Overview

This unit focuses on the topics of international finance and trade. This includes the importance of international finance, the determination of exchange rates, foreign investment, parity conditions, hedging and speculation in foreign exchange markets, foreign exchange markets-spot, forward, futures and options markets, the balance of payments accounts and the effect of macroeconomic policies on trade balance.

Offerings in 2026

The 2026 handbook lists no offerings for ECI2721.

Assessment

  • Quiz / Test
    28%
  • Examination
    60%
  • Written
    12%

Assessment details may change. Please refer to the assessment information in Moodle closer to the start of the teaching period.

Learning outcomes

When you finish this unit, you should be able to:

  1. 1

    understand the operation of foreign exchange markets

  2. 2

    understand the key factors that influence international financial markets

  3. 3

    analyse and evaluate the benefits and disadvantages of the various exchange rate systems

  4. 4

    understand the concept of payments among nations and macroeconomic policies

  5. 5

    understand and analyse the interactions among the foreign exchange rate, trades, and macroeconomic policies.

Workload and teaching

  • Tutorials12 hours
  • Seminars24 hours
  • Teaching approachProfessional placement
  • Teaching approachProblem-based learning
  • Teaching approachActive 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. You are expected to complete all pre-class activities prior to your scheduled class, and post-class activities should be completed after your scheduled class. Learning activities may include a combination of teacher directed, peer directed and online engagement activities.

This unit allows you to develop their research skills by engaging in structured inquiry using a systematic approach and discipline-specific methodologies.

This unit includes problem-based learning approaches, where you engage in research, integrate theory and practice and apply knowledge and skills to develop viable solutions in response to a problem or set of problems.

This unit engages you in actively applying your knowledge, skills and attributes in interactive, collaborative and reflective activities.

Learning resources

Required resources

Feenstra, R. C., and Taylor, A. M. International Macroeconomics, 4th edition, Worth Publishers

Common questions

What are the prerequisites for ECI2721?

You need ECF1100, ECI1100, ECW1101, ECB1101 or ECC1000 before you enrol. Enrolment rules also apply.

When is ECI2721 offered?

ECI2721 has no offerings listed in the 2026 handbook.

How much work is ECI2721?

The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.

Does ECI2721 have an exam?

Yes. The exam is worth 60% of the final mark, alongside 2 other tasks.

More details

Credit points
6
Level
2
Study level
Undergraduate
Faculty
Faculty of Business and Economics
Type
Coursework
EFTSL
0.125
Student contribution
SCA Band 4
Study abroad
Not available
Handbook years
20262027