The aim of this unit is to study economic factors surrounding the international movement of goods and services, labour and capital. Topics include: measurement and determinants of intra-industry trade; analysis of barriers to trade; political economy of trade; trade policy; international movement of labour and capital; multinational corporations and FDI; trade and environmental issues; and international trade regulation. Students will engage in a range of learning activities involving practical problem-solving sessions, case study analysis, online learning activities, peer discussion and review, and self- reflection. Student learning will be guided and assessed by means of a test, a country or industry project.

Unit details

Study level:
Credit points:
Unit code:


BEO1105 - Economic Principles

Learning Outcomes

On successful completion of this unit, students will be able to:
  1. Critically review a broad range of theories and models concerning international trade;  
  2. Critically assess the regulation of trade in local and global markets in identifying and solving International trade problems;  
  3. Critically examine various markets of labour migration, environmental protection and foreign investment; and  
  4. Communicate international trade knowledge and ideas associated with topics in the form of a market/industry report and group presentations.  


Melbourne campuses

Students studying under the VU Block Model.

Assessment type Description Grade
Test Online Test x2 (20% 30%) 50%
Project Individual Country or Industry Project 25%
Presentation Group Presentation and Poster 25%

Other locations

Assessment type Description Grade
Test Test 20%
Assignment Country or industry project 30%
Examination Final Examination 50%

Required reading

International Economics (17th ed.).
Pugel, T. A. (2020).
New York: McGraw-Hill, Irwin.

Where to next?

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