International trade encompasses cross-border trade in goods, services, labour and capital. It provides consumers and business access to new products and markets. In this unit we examine the economics of trade and finance and develop the analytical tools for evaluating the welfare and income distribution consequences of engaging in international trade and the impact of trade barriers. Case study and policy analysis provides a practical application of key concepts and models of international economics. The financial dimensions of international trade are also explored with an examination of the composition of trade, the balance of payments, and exchange rate determination. These analytical tools are applied to analysing international financial crises.

Unit details

Location:
Study level:
Undergraduate
Credit points:
12
Unit code:
BEO2003

Prerequisites

BEO1105 - Economic Principles

Does not apply to students completing; BBCO Bachelor of Commerce (Applied Finance), BBCA Bachelor of Commerce

Learning Outcomes

On successful completion of this unit, students will be able to:
  1. Review a range of trade theories to conceptualise present day international trade patterns;  
  2. Assess the efficiency and distributional consequences of barriers to trades;  
  3. Analyse the dynamics of foreign exchange markets in facilitating the flows of goods, services and investment;  
  4. Analyse various exchange rate policies in practice; and  
  5. Appraise the economic rationale for international financial regulation.  

Assessment

Assessment type Description Grade
Report A country or an industry study 20%
Test Mid-Semester Test 20%
Examination Final Examination 60%

Required reading

International Economics (6th ed.).
Gerber, J. (2014).
Upper Saddle River: Pearson.

Where to next?

As part of a course

You can choose to study this unit as part of the following courses. Refer to the course page for information on how to structure your course to include this unit.

Study a single unit

This unit may be available as a single unit of study.

Find out more about how to apply for single units of study at VU.

VU takes care to ensure the accuracy of this unit information, but reserves the right to change or withdraw courses offered at any time. Please check that unit information is current with the Student Contact Centre.