最新糖心Vlog

ECON 3506 - International Trade III

North Terrace Campus - Semester 1 - 2015

This course deals with the theory and practice of international trade and of trade-related policies. It focuses on analysing the gains from trade, the changing patterns of trade, the income distributional consequences of liberalising foreign trade, the relationship between trade, investment, and economic growth, and the reasons for and consequences of trade policies.

  • General Course Information
    Course Details
    Course Code ECON 3506
    Course International Trade III
    Coordinating Unit Economics
    Term Semester 1
    Level Undergraduate
    Location/s North Terrace Campus
    Units 3
    Contact Up to 3 hours per week
    Available for Study Abroad and Exchange Y
    Incompatible ECON 3021
    Assumed Knowledge ECON 2506
    Assessment Typically two mid-semester exams, assignments & final exam
    Course Staff

    Course Coordinator: D Dissanayake

    Tutors:


    Jagath Dissanayake
    Email: d.dissanayake@adelaide.edu.au

    Wenshou Yan
    Email: wenshou.yan@adelaide.edu.au


    Course Timetable

    The full timetable of all activities for this course can be accessed from .

  • Learning Outcomes
    Course Learning Outcomes
    The purpose of this course is to provide students with a thorough grounding in the theory of international trade as well as international trade policy and to demonstrate the relevance of the theory in the analysis of (a) existing patterns of international trade and what determines them, (b) the conduct of trade policy and (c) the economic implications of international trade and trade policy both for individual economies such as 最新糖心Vlog and the wider international community.

     On successful completion of this course students will be able to:
    1 Understand, at the level of formal analysis, the major models of international trade and be able to distinguish between them in terms of their assumptions and economic implications
    2 Understand the principle of comparative advantage and its formal expression and interpretation within different theoretical models
    3 Be able to apply partial equilibrium and (where required) general equilibrium models in analysing the economic effects of (a) trade policy instruments such as tariffs, quotas, export subsidies, (b) retaliatory measures such as anti-dumping duties and countervailing duties and (c) the creation of regional trading arrangements such as free trade areas, customs unions and common markets
    4 Be familiar with, and be able to critically analyse the main arguments for protection and conversely be able to critically evaluate the relevance and realism of arguments for free trade, taking into account the costs and benefits of trade policy measures on different sections of the community and the implications for the formulation of trade policy
    5 Be familiar with the major recent developments in the world trading system, and be able to critically analyse key issues raised both by the current round of WTO negotiations and by the spread of regional trading arrangements
    6 Develop communications skills through the presentation of your work, interactions during tutorial sessions, and appropriate use of the discussion
    最新糖心Vlog Graduate Attributes

    This course will provide students with an opportunity to develop the Graduate Attribute(s) specified below:

    最新糖心Vlog Graduate Attribute Course Learning Outcome(s)
    Knowledge and understanding of the content and techniques of a chosen discipline at advanced levels that are internationally recognised. 1-6
    The ability to locate, analyse, evaluate and synthesise information from a wide variety of sources in a planned and timely manner. 1-6
    An ability to apply effective, creative and innovative solutions, both independently and cooperatively, to current and future problems. 1-6
    Skills of a high order in interpersonal understanding, teamwork and communication. 1-6
    A proficiency in the appropriate use of contemporary technologies. 1-6
    A commitment to continuous learning and the capacity to maintain intellectual curiosity throughout life. 1-6
    A commitment to the highest standards of professional endeavour and the ability to take a leadership role in the community. 1-6
    An awareness of ethical, social and cultural issues within a global context and their importance in the exercise of professional skills and responsibilities. 1-6
  • Learning Resources
    Required Resources

    International Trade: Theory and Evidence by Markusen, Melvin, Kaempfer and Maskus, Mcgraw Hill, 1995

    *** This textbook is available free of charge and may be downloaded from:  ***

    Recommended Resources

    Robert C. Feenstra and Alan M. Taylor, International Trade (3rd Edition), 2014 Worth Publishers.

    Online Learning
    MyUni -  

    Other online Resources:

    WTO:  
    UNCTAD:  
    OECD:  
    International Center for Trade and Sustainable Development:  
    The World Bank:  
    Alan Deardorff’s Glossary of International Economics Terms: 
  • Learning & Teaching Activities
    Learning & Teaching Modes

    Learning in this course is through lectures, tutorials, and personal study.

    The lectures will provide you with the necessary understanding of the material to be able to solve the exercises you will be given during tutorials or exams.

    Tutorials represent an important learning component of the class. Students are expected to work through the assignments and prepare solutions to be discussed during the tutorial time.

    Workload

    The information below is provided as a guide to assist students in engaging appropriately with the course requirements.

    Lectures: 2 Hours per week
    Tutorials: 1 Hour per week
    Home study expectation: 6 Hours per week

    Learning Activities Summary

    Part I Introduction Chapters
    Wk 1 Technical Concepts - Markusen, et.al., 1 - 4
    Wk 2 Why do countries trade? - Markusen, et.al., 5 - 6
    Part II Theoretical Analysis of International Trade
    Wk 3 The Classical Model: Differing Technologies-  - Markusen, et.al., 7
    Wk 4 & 5 The Heckscher - Ohlin Model  - Markusen, et.al., 8
    Wk 5 & 6  The Specific Factors Model - Markusen, et.al., 9
    Mid Semester Examination
    Wk 7 Government Policies as the Determinants of Trade  - Markusen, et.al., 10
    Wk 8 Imperfect Competition as the Determinant of Trade and the Gains from Trade 11
    Increasing Returns to Scale  - Markusen, et.al., 12
    Wk 9 Tastes, Per Capita Income, and Technological -
    Change as the Determinants of Trade - Markusen, et.al.,
    13
    Empirical Studies of Comparative Advantage Models - Markusen, et.al.,

    14
    Part III Trade Policy
    Wk 10 Tariffs  - Markusen, et.al., 15
    Quotas and Other Non-tariff Barriers - Markusen, et.al., 16
    Week 11 Imperfect Competition, Increasing Returns -
    Strategic Trade Policy - Markusen, et.al.,
    17
    Preferential Trade Areas 18
    Week 12 The Political Economy of Trade Policy 19
    Administered Protection 20

     

  • Assessment

    The 最新糖心Vlog's policy on Assessment for Coursework Programs is based on the following four principles:

    1. Assessment must encourage and reinforce learning.
    2. Assessment must enable robust and fair judgements about student performance.
    3. Assessment practices must be fair and equitable to students and give them the opportunity to demonstrate what they have learned.
    4. Assessment must maintain academic standards.

    Assessment Summary
    Mid-semester Test 20% Week 7 (in Class)
    Group Assignment 20% by Week 10
    Tutorial 10%
    Final Exam 50%
    Assessment Detail

    NOTES ON ASSESSMENT

    Assessment marks prior to the final exam may be displayed on the course website through Myuni. Students are encouraged to check their marks and notify the lecturer-in-charge of any discrepancies.

    EXAMINATIONS
    It is each student's responsibility to read the examination timetable. 

    Submission

    Assignments are to be submitted via the Professions Undergraduate Hub on Ground Level of Nexus 10.

    Assignments will generally be returned during tutorials/lectures the week following submission.

    Students must not submit work for an assignment that has previously been submitted for this course or any other course without prior approval from the lecturer-in-charge.

    Course Grading

    Grades for your performance in this course will be awarded in accordance with the following scheme:

    M10 (Coursework Mark Scheme)
    Grade Mark Description
    FNS   Fail No Submission
    F 1-49 Fail
    P 50-64 Pass
    C 65-74 Credit
    D 75-84 Distinction
    HD 85-100 High Distinction
    CN   Continuing
    NFE   No Formal Examination
    RP   Result Pending

    Further details of the grades/results can be obtained from Examinations.

    Grade Descriptors are available which provide a general guide to the standard of work that is expected at each grade level. More information at Assessment for Coursework Programs.

    Final results for this course will be made available through .

    Additional Assessment

    If a student receives 45-49 for their final mark for the course they will automatically be granted an additional assessment. This will most likely be in the form of a new exam (Additional Assessment) and will have the same weight as the original exam unless an alternative requirement (for example a hurdle requirement) is stated in this semester’s Course Outline. If, after replacing the original exam mark with the new exam mark, it is calculated that the student has passed the course, they will receive 50 Pass as their final result for the course (no higher) but if the calculation totals less than 50, their grade will be Fail and the higher of the original mark or the mark following the Additional Assessment will be recorded as the final result.
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    SELTs are an important source of information to inform individual teaching practice, decisions about teaching duties, and course and program curriculum design. They enable the 最新糖心Vlog to assess how effectively its learning environments and teaching practices facilitate student engagement and learning outcomes. Under the current SELT Policy (http://www.adelaide.edu.au/policies/101/) course SELTs are mandated and must be conducted at the conclusion of each term/semester/trimester for every course offering. Feedback on issues raised through course SELT surveys is made available to enrolled students through various resources (e.g. MyUni). In addition aggregated course SELT data is available.

  • Student Support
  • Policies & Guidelines
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