Outline

Overview

This unit is designed to highlight the relation between trade and development from an institutional and structural perspective, with appropriate modifications of received general economic principles, theories and policies. It closely studies the integration process of traditional segment of a developing society into its modern counterpart in countries selected from Asia, Africa, Latin America, the Caribbean, and the Pacific regions. It examines role of the state and international institutions (like the International Monetary Fund, World Bank, World Trade Organization), rationale for trade, planning and market mechanisms in developing economies, and also socio-cultural preconditions and economic requirements for a market economy. It focuses on a wide range of developmental problems and issues (such as foreign aid, debt, investment, technology transfer) from both national and international points of view.

Unit details and rules

Unit code	ECON6016
Academic unit	Economics
Credit points	6
Prohibitions ?	None
Prerequisites ?	ECON5001 or ECON5002 or ECON5040
Corequisites ?	None
Assumed knowledge ?	None
Available to study abroad and exchange students	Yes

Teaching staff

Coordinator	Syed Atif, syed.atif@sydney.edu.au

Type	Description	Weight	Due	Length
Final exam (Open book)	Final exam n/a	50%	Formal exam period	2 hours
Outcomes assessed:
Presentation	Seminar paper presentation Presentation	20%	Multiple weeks	10 minutes
Outcomes assessed:
Tutorial quiz	Tutorial quiz Open-ended short quizzes	5%	Multiple weeks	30
Outcomes assessed:
In-semester test (Open book)	In-class test n/a	25%	Week 08 Due date: 06 Oct 2021 at 14:00	1 hour
Outcomes assessed:
= group assignment ? = Type C final exam ? = Type C in-semester exam ?

Assessment summary

Please note assessments are slightly different as compared to FASS Handbook.

1x1hr Mid-semester test (25%), 1x2500wd Research paper and presentation (Group task) (20%), Tutorial quizzes participation (5%), 1x2hr Final exam (50%),

Detailed information for each assessment can be found on Canvas.

Assessment criteria

The University awards common result grades, set out in the Coursework Policy 2014 (Schedule 1).

As a general guide, a High distinction indicates work of an exceptional standard, a Distinction a very high standard, a credit a good standard, and a pass an acceptable standard.

Result name	Mark range	Description
High distinction	85 - 100
Distinction	75 - 84
Credit	65 - 74
Pass	50 - 64
Fail	0 - 49	When you don’t meet the learning outcomes of the unit to a satisfactory standard.

For more information see sydney.edu.au/students/guide-to-grades

For more information see guide to grades.

Late submission

In accordance with University policy, these penalties apply when written work is submitted after 11:59pm on the due date:

Deduction of 5% of the maximum mark for each calendar day after the due date.
After ten calendar days late, a mark of zero will be awarded.

Academic integrity

The Current Student website provides information on academic integrity and the resources available to all students. The University expects students and staff to act ethically and honestly and will treat all allegations of academic integrity breaches seriously.

We use similarity detection software to detect potential instances of plagiarism or other forms of academic integrity breach. If such matches indicate evidence of plagiarism or other forms of academic integrity breaches, your teacher is required to report your work for further investigation.

You may only use artificial intelligence and writing assistance tools in assessment tasks if you are permitted to by your unit coordinator, and if you do use them, you must also acknowledge this in your work, either in a footnote or an acknowledgement section.

Studiosity is permitted for postgraduate units unless otherwise indicated by the unit coordinator. The use of this service must be acknowledged in your submission.

Learning support

Simple extensions

If you encounter a problem submitting your work on time, you may be able to apply for an extension of five calendar days through a simple extension.  The application process will be different depending on the type of assessment and extensions cannot be granted for some assessment types like exams.

Special consideration

If exceptional circumstances mean you can’t complete an assessment, you need consideration for a longer period of time, or if you have essential commitments which impact your performance in an assessment, you may be eligible for special consideration or special arrangements.

Special consideration applications will not be affected by a simple extension application.

Using AI responsibly

Co-created with students, AI in Education includes lots of helpful examples of how students use generative AI tools to support their learning. It explains how generative AI works, the different tools available and how to use them responsibly and productively.

Weekly schedule

WK	Topic	Learning activity
Week 01	Introduction to International Trade: Basic Concepts and Issues	Lecture and tutorial (3 hr)
Week 02	Trade, Growth and Development	Lecture and tutorial (3 hr)
Week 03	Trade, Development and Institutions	Lecture and tutorial (3 hr)
Week 04	Trade, Development and Globalization	Lecture and tutorial (3 hr)
Week 05	Trade, Development, Poverty and Inequality	Lecture and tutorial (3 hr)
Week 06	Trade, Development, Innovation and Technology	Lecture and tutorial (3 hr)
Week 07	Trade, Development and Investment	Lecture and tutorial (3 hr)
Week 08	Midterm Exam and Tutorial	Lecture and tutorial (3 hr)
Week 09	Trade, Development, Foreign Aid and Debt	Lecture and tutorial (3 hr)
Week 10	Trade, Development, Migration and Remittances	Lecture and tutorial (3 hr)
Week 11	Trade, Development and Environment	Lecture and tutorial (3 hr)
Week 12	Presentations	Project (3 hr)
Week 13	Presentations	Project (3 hr)

Attendance and class requirements

Attendance: According to Faculty Board Resolutions, students in the Faculty of Arts and Social Sciences are expected to attend 90% of their classes. If you attend less than 50% of classes, regardless of the reasons, you may be referred to the Examiner’s Board. The Examiner’s Board will decide whether you should pass or fail the unit of study if your attendance falls below this threshold.
Lecture recording: Most lectures (in recording-equipped venues) will be recorded and may be made available to students on the LMS. However, you should not rely on lecture recording to substitute your classroom learning experience.
Preparation: Students should commit to spend approximately three hours’ preparation time (reading, studying, homework, essays, etc.) for every hour of scheduled instruction.
Tutorial Participation: Students will be required to complete at least 8 out of 10 quizzes to qualify for full participation marks for the tutorial quizzes

Study commitment

Typically, there is a minimum expectation of 1.5-2 hours of student effort per week per credit point for units of study offered over a full semester. For a 6 credit point unit, this equates to roughly 120-150 hours of student effort in total.

Required readings

This unit is a fusion of International Trade with Development Economics and their application in the real world. Therefore, we will use multiple chapters from several texts combined with research papers and reports on trade and development. These texts will help students in developing a better understanding of material discussed in the lecture.

Also, it is strongly recommended that students with no background in internaitonal economics and growth theory familiarize themselves with the introductory texts before the classes start, e.g. first chapter from Krugman et al. (2012), Salvatore (2004) and Ray(1998). In addition to that, following will provide and overview of trade agreements:

“Understanding the WTO”, available on:
http://www.wto.org/english/thewto_e/whatis_e/tif_e/utw_chap2_e.pdf

“International Trade: Free, Fair and Open?”, available on:
http://www.oecd-ilibrary.org/trade/international-trade_9789264060265-en

This list is certainly not exhaustive.

Texts (selective chapters)

Feenstra, R., & Taylor, A. (2017). International Trade. Macmillan Learning (available online at USyd Library website).

Krugman, P. R., Obstfeld, M., & Melitz, M. J. (2012). International economics: theory & policy (9th ed.). Pearson Addison-Wesley.

Ray, D., (1998), Development Economics, Princeton University Press (available online at USyd Library website).

Salvatore, D. (2004), International Economics (8th Ed.), John Wiley.

Todaro M., & Smith, S., (2012), Economic Development (11th Ed.), Addison-Wesley.

The list of prescribed readings will be dispensed through Canvas.

Meanwhile, please feel free to familiarize yourself with the following organizations and their research on trade and development.

World Trade Organization: www.wto.org

World Bank on Trade: http://www.worldbank.org/en/topic/trade

World Bank - General: www.worldbank.org/research/trade

Organization for Economic Cooperation and Development: www.oecd.org

International Centre for Trade and Sustainable Development: www.ictsd.org

Institute for Agriculture and Trade Policy: www.iatp.org/

International Trade Centre: www.intracen.org

Food and Agriculture Organization: www.fao.org

United Nations Conference on Trade and Development: www.unctad.org

United Nations Development Programme: www.undp.org (see Human Development Reports)

United Nations Millennium Project: www.unmillenniumproject.org

Asian Development Bank: www.adb.org

African Development Bank www.afdb.org

Inter-American Development Bank www.iadb.org

Learning outcomes

Learning outcomes are what students know, understand and are able to do on completion of a unit of study. They are aligned with the University's graduate qualities and are assessed as part of the curriculum.

Outcomes
Graduate qualities

At the completion of this unit, you should be able to:

LO1. understand economic, social, political, cultural, legal, commercial and business issues
LO2. apply fundamental theories and concepts in diverse and unpredictable environments
LO3. think critically about underlying theories, concepts, assumptions and arguments in trade and development related studies
LO4. communicate effectively in verbal, written and group discussions to a professional standard in practical day-to-day life.

Graduate qualities

The graduate qualities are the qualities and skills that all University of Sydney graduates must demonstrate on successful completion of an award course. As a future Sydney graduate, the set of qualities have been designed to equip you for the contemporary world.

GQ1	Depth of disciplinary expertise Deep disciplinary expertise is the ability to integrate and rigorously apply knowledge, understanding and skills of a recognised discipline defined by scholarly activity, as well as familiarity with evolving practice of the discipline.
GQ2	Critical thinking and problem solving Critical thinking and problem solving are the questioning of ideas, evidence and assumptions in order to propose and evaluate hypotheses or alternative arguments before formulating a conclusion or a solution to an identified problem.
GQ3	Oral and written communication Effective communication, in both oral and written form, is the clear exchange of meaning in a manner that is appropriate to audience and context.
GQ4	Information and digital literacy Information and digital literacy is the ability to locate, interpret, evaluate, manage, adapt, integrate, create and convey information using appropriate resources, tools and strategies.
GQ5	Inventiveness Generating novel ideas and solutions.
GQ6	Cultural competence Cultural Competence is the ability to actively, ethically, respectfully, and successfully engage across and between cultures. In the Australian context, this includes and celebrates Aboriginal and Torres Strait Islander cultures, knowledge systems, and a mature understanding of contemporary issues.
GQ7	Interdisciplinary effectiveness Interdisciplinary effectiveness is the integration and synthesis of multiple viewpoints and practices, working effectively across disciplinary boundaries.
GQ8	Integrated professional, ethical, and personal identity An integrated professional, ethical and personal identity is understanding the interaction between one’s personal and professional selves in an ethical context.
GQ9	Influence Engaging others in a process, idea or vision.

Outcome map

Learning outcomes	Graduate qualities
Learning outcomes

Responding to student feedback

This section outlines changes made to this unit following staff and student reviews.

No changes have been made since this unit was last offered

Disclaimer

The University reserves the right to amend units of study or no longer offer certain units, including where there are low enrolment numbers.

To help you understand common terms that we use at the University, we offer an online glossary.

Current students

Overview

Overview

Unit details and rules

Teaching staff

Assessment

Assessment

Assessment summary

Assessment criteria

Late submission

Academic integrity

Learning support

Learning support

Simple extensions

Special consideration

Using AI responsibly

Weekly schedule

Weekly schedule

Attendance and class requirements

Study commitment

Required readings

Learning outcomes

Learning outcomes

Graduate qualities

Outcome map

Responding to student feedback

Responding to student feedback

Disclaimer

On this page

Useful links

Media

Student links

About us

Connect

Current students

ECON6016: Trade and Development

Semester 2, 2021 [Normal day] - Camperdown/Darlington, Sydney

Overview

Overview

Unit details and rules

Teaching staff

Assessment

Assessment

Assessment summary

Assessment criteria

Late submission

Academic integrity

Learning support

Learning support

Simple extensions

Special consideration

Using AI responsibly

Weekly schedule

Weekly schedule

Attendance and class requirements

Study commitment

Required readings

Learning outcomes

Learning outcomes

Graduate qualities

Outcome map

Responding to student feedback

Responding to student feedback

Disclaimer

On this page

Useful links

Media

Student links

About us

Connect