Course Title: International Trade

Part A: Course Overview

Course Title: International Trade

Credit Points: 12


Terms

Course Code

Campus

Career

School

Learning Mode

Teaching Period(s)

ECON1086

City Campus

Undergraduate

625H Economics, Finance and Marketing

Face-to-Face

Sem 1 2006,
Sem 2 2006,
Sem 1 2007,
Sem 2 2007,
Sem 1 2008,
Sem 2 2008,
Sem 1 2009,
Sem 2 2009,
Sem 1 2010,
Sem 2 2010,
Sem 1 2011,
Sem 2 2011,
Sem 1 2012,
Sem 2 2012,
Sem 1 2013,
Sem 2 2013,
Sem 1 2014,
Sem 2 2014,
Sem 1 2015,
Sem 2 2015,
Sem 1 2016,
Sem 2 2016,
Sem 1 2017,
Sem 2 2017

ECON1088

Kolej Metropolitan

Undergraduate

625H Economics, Finance and Marketing

Face-to-Face

Offsh 3 09

ECON1089

Singapore Inst of Management

Undergraduate

625H Economics, Finance and Marketing

Face-to-Face

Offsh 1 09,
Offsh 1 10,
Offsh 1 11,
Offsh1 12,
Offsh1 13,
Offsh1 14,
Offsh3 14,
Offsh1 15,
Offsh3 15,
Offsh1 16,
Offsh2 16,
Offsh3 16,
Offsh1 17,
Offsh3 17

ECON1176

Hong Kong Management Associatn

Undergraduate

625H Economics, Finance and Marketing

Internet

Offsh1 13

ECON1269

RMIT University Vietnam

Undergraduate

625H Economics, Finance and Marketing

Face-to-Face

Viet3 2012,
Viet1 2013,
Viet2 2013,
Viet3 2013,
Viet1 2014,
Viet2 2014,
Viet3 2014,
Viet1 2015,
Viet2 2015,
Viet3 2015,
Viet1 2016,
Viet2 2016,
Viet3 2016,
Viet1 2017,
Viet2 2017

Course Coordinator: Assoc Professor Bilgehan Karabay

Course Coordinator Phone: +61 3 9925 5867

Course Coordinator Email: bilgehan.karabay@rmit.edu.au

Course Coordinator Location: 80.11.38

Course Coordinator Availability: Please check with course coordinator


Pre-requisite Courses and Assumed Knowledge and Capabilities

Required Prior Study
004947 Prices and Markets


Course Description

International Trade is a final year course that covers the economic theory of free trade and of intervention in the trade process. It is designed as an applied course that aims to help students integrate their knowledge of economic analysis with the fundamental determinants of the size and pattern of the gains from international trade. Students will learn to think systematically about the case for and against interfering with the free flow of goods and services between countries. The effect that international trade has on economic welfare, economic growth and income distribution are also considered.


Objectives/Learning Outcomes/Capability Development

-


On successful completion of this course you will be able to:

  1. Manipulate economic models to analyse real world issues in international trade.
  2. Examine international trade data to critically discuss economic theorems and apply in diverse contexts.
  3. Analyse the fundamental determinants of the size and pattern of trade to verify its determinants and its effects on the wider economy/welfare.
  4. Evaluate arguments for and against intervention in the trade process to justify arguments in favour and against globalisation.
  5. Compare and contrast economic and political conditions in poor and rich countries to critically assess the incentives and consequences of trade liberalisation globally.
  6. Assess the impact of protectionist policies on the welfare in rich and poor countries to decrypt the political economy of trade reform.
     


Overview of Learning Activities

A range of learning experiences is planned for this course including lectures, group problem solving exercises and group discussion. Participation in the structured tutorial program is expected. The tutorials give you the opportunity to explore issues related to the economic analysis of international trade in greater depth through active participation in smaller group settings.

Students will be expected to read and digest the relevant prescribed texts and other references with a view to (a) supplementing the understanding of the lecture material and (b) adding to their ability to participate in the tutorial program.

Students are expected to draw on their lecture and tutorial materials to carefully and fully prepare for the assessment tasks. This will require students to develop an understanding of the economic tools used in the debate over free trade versus protection, and to be able to apply that understanding to real world questions


Overview of Learning Resources

Various learning resources are available online through myRMIT /Blackboard. In addition to topic notes; assessment details and a study schedule you may also be provided with links to relevant online information; readings; audio and video clips and communication tools to facilitate collaboration with your peers and to share information.

Resources are also available online through RMIT Library databases and other facilities. If you require assistance with the RMIT library facilities contact the Business Liaison Librarian for your school. Contact details for Business Liaison Librarians are located online on the RMIT library website.

Additional resources and/or sources to assist your learning will be identified by your course coordinator will be made available to you as required during the teaching period.


Overview of Assessment

The assessment tasks, their weighting and the course learning outcomes to which they are aligned are as follows:

Assignment  Task 1: 25%
Linked CLOs: 1, 3, 5, 6

Assessment Task 2: 25%
Linked CLOs: 1, 3, 5, 6

Final Examination: 50%
Linked CLOs: 2, 4, 5, 6

Feedback will be provided throughout the semester in class and/or in online forums through individual and group feedback on practical exercises and by individual consultation.