International Economics and Finance

Unit code: BEO2003 | Study level: Undergraduate
(One credit point is usually equivalent to one hour of study per week)
City Campus
Online Real Time
BEO1105 - Economic Principles
Does not apply to students completing; BBCO Bachelor of Commerce (Applied Finance), BBCA Bachelor of Commerce
(Or equivalent to be determined by unit coordinator)


If you are studying this unit in 2023, check back for changes that have been made as result of student and other feedback.

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.

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.


For Melbourne campuses

Assessment type: Report
Grade: 10%
Research Plan Proposal
Assessment type: Presentation
Grade: 30%
Group Research Presentation
Assessment type: Test
Grade: 20%
Online Test (60mins)
Assessment type: Test
Grade: 40%
Final In-class Test (120mins)

Other locations

For students studying at Central University of Finance and Economics, Henan University, Liaoning University, Sunway College Kuala Lumpur
Assessment type: Report
Grade: 20%
A country or an industry study
Assessment type: Test
Grade: 20%
Mid-semester Test
Assessment type: Examination
Grade: 60%
Final Examination

Required reading

International Economics
Gerber, J. (2017).| Harlow, United Kingdom: Pearson.

As part of a course

This unit is not a compulsorily taken as part of any specific course. Depending on the course you study, this unit may be taken as an elective.

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