ECON 2004 Globalisation and Trade
Credit Points 10
Legacy Code 200541
Coordinator Heath Spong Opens in new window
Description Globalisation and Trade focuses on the role of trade in the process of globalisation. It covers the history and analytical methods of international trade theories and their applications in private industry and the public sector. The theories are applied to contemporary issues in their institutional settings, in particular to: growth and development; trading blocs; and trade strategies in the developed, underdeveloped and formerly planned economies. The subject provides students with a critical understanding of the major economic, environmental, social and ethical issues stemming from the process of globalisation and trade in the twenty first century.
Student Contribution Band HECS Band 4 10cp
Check your fees via the Fees page.
Level Undergraduate Level 2 subject
Pre-requisite(s) ECON 1011
Equivalent Subjects ECON 2006 - International Trade Theory and Policy
Basic understanding of microeconomic theory.
- Explain key economic concepts used in international trade theory
- Apply simple economic models to the analysis of trade related economic issues
- Appraise the theoretical models used to explain international trade
- Critique the economic concepts and models used in international trade theory and explain their limitations
- Explain and evaluate the process of globalisation in terms of the role played by trade and factor flows
- Assess government policies and private sector activities with respect to globalisation and trade in terms of their economic, social and ethical implications for both developed and developing economies
2. The determination of the terms of trade.
3. Instruments of trade policy.
4. Trade and the distribution of income.
5. The political economy of trade policy.
6. Trade and industry policy in developed countries including Australia.
7. Problems for developing countries.
8. Economic, environmental, social and ethical issues arising from globalisation and trade.
- Krugman, P & Obstfeld, M 2012, International economics: theory and policy, 9th edn, Pearson, USA.