Issues in International Trade

Course aim

This course provides students with theoretical and practical knowledge of the role and impact of international trade on management decision making, business strategy, and business conduct in the international business context. The course examines why international trade takes place, the types of product that are traded, the costs and benefits of international trade, trade policy issues, exchange rates, and capital flows.

Students completing the course develop a body of knowledge that:

• Contributes to a comprehensive application of knowledge of international trade to recent developments in the field of international business management.
• Provides a pathway for further learning.

Course content

Topics covered in this course include:

• International economic institutions since World War II.
• Comparative advantage and the gains from trade.
• Comparative advantage and factor endowments.
• The theory of tariffs and quotas.
• International trade and labour and environmental standards.
• Trade and the balance of payments.
• Exchange rates and exchange rate systems.
• An introduction to open economy macroeconomics.
• International financial crises.
• The European Union: many markets into one.

Textbook(s)

Gerber, J 2013, International economics: Pearson new international edition, 6th edn, Prentice Education Ltd., Upper Saddle River, NJ

Prerequisite(s)

Nil

Corequisite(s)

Nil

Teaching method

Component	Duration
INTERNAL, CITY WEST
Seminar	3 hours x 10 weeks
EXTERNAL, CITY WEST, ONLINE
External	N/A x 10 weeks
INTERNAL, CITY WEST (INTENSIVE)
Seminar	30 hours x N/A

Note: These components may or may not be scheduled in every study period. Please refer to the timetable for further details.

Assessment

Examination, Project

Fees

EFTSL*: 0.125
Commonwealth Supported program (Band 3)
To determine the fee for this course as part of a Commonwealth Supported program, go to:
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Fee-paying program for domestic and international students
International students and students undertaking this course as part of a postgraduate fee paying program must refer to the relevant program home page to determine the cost for undertaking this course.

Non-award enrolment
Non-award tuition fees are set by the university. To determine the cost of this course, go to:
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Not all courses are available on all of the above bases, and students must check to ensure that they are permitted to enrol in a particular course.

* Equivalent Full Time Study Load. Please note: all EFTSL values are published and calculated at ten decimal places. Values are displayed to three decimal places for ease of interpretation.