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The current and official versions of the course specifications are available on the web at //www.usq.edu.au/course/specification/current.
Please consult the web for updates that may occur during the year.

ECO3010 International Economics and Trade

Semester 1, 2015 External Toowoomba
Units : 1
Faculty or Section : Faculty of Business, Education, Law and Arts
School or Department : School of Commerce

Contents on this page

Staffing

Examiner: Mafiz Rahman
Moderator: Khorshed Alam

Other requisites

Students are required to have access to a personal computer, e-mail capabilities and Internet access to UConnect. Current details of computer requirements can be found at //www.usq.edu.au/current-students/support/computing/hardware.

Rationale

The current century is an age of unprecedented globalisation and economic integration. International economic interdependence is continuously increasing, and firms and their managers must be aware of the impact of this situation and the competitive forces it generates on the profitability and sustainability of their business. International Economics and Trade is an exciting and dynamic subject that equips students with the tools with which they can tackle important and complex real-world issues in this age of globalisation and financial integration.

Synopsis

National economies cannot function well in isolation from incidents in other national economies; global interdependence now characterizes national and international affairs. In this course, the issues of international economics and international trade are widely discussed for better understanding of trade and economic relations among the nations as well as barriers and opportunities of trade and investment flows. Students will develop a broad vision of international economics and its likely future challenges as well as practical skills in strategic analysis.

Objectives

On successful completion of this course students should be able to:

  1. evaluate theories of international economics and international trade
  2. use theory as a basis for prediction and economic reasoning to explore issues in international economics and trade
  3. incorporate the relevant concepts and analytical approaches from the strands of international economics and international trade in exploring contemporary international economic issues
  4. critically examine, in an economic context, strategies adopted by governments and firms in their international activities particularly with respect to government policies on protection
  5. understand the appropriate actions that need to be taken by the governments and firms in the presence of internal and external shocks
  6. discuss the application of industrial policy and trade policy as these relate to regional integration and the process of internationalization of the firms
  7. realize the role of WTO and IMF in international trade
  8. understand the Australia?s trade relations with its major trading partners

Topics

Description Weighting(%)
1. The international economy and globalization 7.00
2. The theories of international trade 18.00
3. Trade policy 22.00
4. Balance of payment and exchange rate 22.00
5. Regional trading arrangements 8.00
6. International trade and institutions 7.00
7. Australia?s trade relations with its major trading partners 16.00

Text and materials required to be purchased or accessed

ALL textbooks and materials available to be purchased can be sourced from USQ's Online Bookshop (unless otherwise stated). (https://bookshop.usq.edu.au/bookweb/subject.cgi?year=2015&sem=01&subject1=ECO3010)

Please contact us for alternative purchase options from USQ Bookshop. (https://bookshop.usq.edu.au/contact/)

  • Carbaugh, RJ 2015, International economics, 15th edn, Cengage Learning.

Reference materials

Reference materials are materials that, if accessed by students, may improve their knowledge and understanding of the material in the course and enrich their learning experience.

Student workload requirements

Activity Hours
Assessments 40.00
Lectures and Tutorials 39.00
Private Study 86.00

Assessment details

Description Marks out of Wtg (%) Due Date Notes
ASSIGNMENT 1 20 20 27 Mar 2015 (see note 1)
ASSIGNMENT 2 30 30 02 Jun 2015 (see note 2)
EXAMINATION - 2 HOURS 50 50 End S1 (see note 3)

NOTES
  1. One short answer question and one essay question.
  2. Two essay questions.
  3. The examination date will be available via UConnect when the official examination timetable has been released. The examination will contain 2 parts: A (4 compulsory short questions - 20 marks) and B (2 essay questions out of 4 alternative questions - 30 marks).

Important assessment information

  1. Attendance requirements:
    External/Online: If you are an international student in Australia, you are advised to attend all classes at your campus. For all other students, there are no attendance requirements for this course. However, it is the students' responsibility to study all material provided to them or required to be accessed by them to maximise their chance of meeting the objectives of the course and to be informed of course-related activities and administration.

    On-campus: It is the students' responsibility to attend and participate appropriately in all activities (such as lectures, tutorials, laboratories and practical work) scheduled for them, and to study all material provided to them or required to be accessed by them to maximise their chance of meeting the objectives of the course and to be informed of course-related activities and administration..

  2. Requirements for students to complete each assessment item satisfactorily:
    To satisfactorily complete an individual assessment item a student must achieve at least 50% of the marks. (Depending upon the requirements in Statement 4 below, students may not have to satisfactorily complete each assessment item to receive a passing grade in this course.)

  3. Penalties for late submission of required work:
    Students should refer to the Assessment Procedure http://policy.usq.edu.au/documents.php?id=14749PL (point 4.2.4)

  4. Requirements for student to be awarded a passing grade in the course:
    To be assured of receiving a passing grade a student must achieve at least 50% of the total weighted marks available for the course.

  5. Method used to combine assessment results to attain final grade:
    The final grades for students will be assigned on the basis of the aggregate of the weighted marks obtained for each of the summative assessment items in the course.

  6. Examination information:
    This is a restricted examination. The only materials that candidates may use in the examination for this course are:
    1. writing materials. These must be non-electronic and free from material which could give the student an unfair advantage in the examination.
    2. an unmarked non-electronic translation dictionary (but not technical dictionary). A student whose first language is not English may take a translation dictionary into the examination room. A translation dictionary with any handwritten notes will not be permitted. Translation dictionaries will be subject to perusal and may be removed from the candidate's possession until appropriate disciplinary action is completed if found to contain material that could give the candidate an unfair advantage.
    3. a calculator which cannot hold textual information (students must indicate on their examination paper the make and model of any calculator(s) they use during the examination).


  7. Examination period when Deferred/Supplementary examinations will be held:
    Any Deferred or Supplementary examinations for this course will be held during the next examination period.

  8. University Student Policies:
    Students should read the USQ policies: Definitions, Assessment and Student Academic Misconduct to avoid actions which might contravene University policies and practices. These policies can be found at http://policy.usq.edu.au.

Assessment notes

  1. Referencing in assignments:
    Harvard (AGPS) is the referencing system required in this course. Students should use Harvard (AGPS) style in their assignments to format details of the information sources they have cited in their work. The Harvard (AGPS) style to be used is defined by the USQ Library's referencing guide at //www.usq.edu.au/library/referencing.