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.

Details

Academic unit	Economics
Unit code	ECON6016
Unit name	Trade and Development
Session, year ?	Semester 2, 2022
Attendance mode	Normal day
Location	Camperdown/Darlington, Sydney
Credit points	6

Enrolment rules

Prohibitions ?	None
Prerequisites ?	ECON5001 or ECON5002 or ECON5040 or ECON6701 or ECON6702
Corequisites ?	None
Available to study abroad and exchange students	Yes

Teaching staff and contact details

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

Type	Description	Weight	Due	Length
Final exam (Open book)	Final exam Short- and long-essay questions	50%	Formal exam period	2 hours
Outcomes assessed:
Tutorial quiz	Tutorial quiz Open-ended short quizzes	5%	Multiple weeks	30
Outcomes assessed:
In-semester test (Open book)	In-class test Short- and long-essay questions covering the first six lectures/topics	25%	Week 08 Due date: 21 Sep 2022 at 14:00	1 hour
Outcomes assessed:
Presentation	Group Research Paper and Presentation Group research paper and presentation	20%	Week 11 Due date: 19 Oct 2022 at 17:00	2500-word project; 10-min presentation
Outcomes assessed:
= group assignment ? = Type C final exam ? = Type C in-semester exam ?

Please note that assessments are slightly different to the details published in the FASS Handbook:

1x1hr Mid-semester test (25%)
1x2500wd Research paper and presentation (Group task) (20%)
Tutorial 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

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.

Special consideration

If you experience short-term circumstances beyond your control, such as illness, injury or misadventure or if you have essential commitments which impact your preparation or performance in an assessment, you may be eligible for special consideration or special arrangements.

Academic integrity

The Current Student website provides information on academic honesty, academic dishonesty, 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 dishonesty or plagiarism seriously.

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

Weekly schedule

WK	Topic	Learning activity
Week 01	Introduction to International Trade	Lecture and tutorial (3 hr)
Week 02	Growth and Development	Lecture and tutorial (3 hr)
Week 03	Globalization	Lecture and tutorial (3 hr)
Week 04	Poverty and Inequality	Lecture and tutorial (3 hr)
Week 05	Innovation and Technology	Lecture and tutorial (3 hr)
Week 06	Institutions	Lecture and tutorial (3 hr)
Week 07	Investment and Organizational Framework	Lecture and tutorial (3 hr)
Week 08	In-semester Exam	Lecture and tutorial (3 hr)
Week 09	Foreign Aid and Debt	Lecture and tutorial (3 hr)
Week 10	Migration and Remittances	Lecture and tutorial (3 hr)
Week 11	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: All lectures will be recorded and made available to students on Canvas. 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 80 percent 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 develop a better understanding of material discussed in the lecture.

Also, it is strongly recommended that students with no background in international economics and growth theory familiarise themselves with the introductory chapters from Todaro & Smith (2012), Krugman et al. (2012), and Ray (1998) before the regular teaching commences. In addition to that, the following will provide an 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 organisations 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

Closing the loop

Minor adjustments to topics arrangement and tweaks in group project based on student feedback from last year.

Key dates
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Student administration
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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

Details

Enrolment rules

Teaching staff and contact details

Assessment

Assessment criteria

Late submission

Special consideration

Academic integrity

Weekly schedule

Attendance and class requirements

Study commitment

Required readings

Learning outcomes

Graduate qualities

Outcome map

Closing the loop

Disclaimer

On this page

Useful links

Media

Student links

About us

Connect

Current students

ECON6016: Trade and Development

Overview

Details

Enrolment rules

Teaching staff and contact details

Assessment

Assessment criteria

Late submission

Special consideration

Academic integrity

Weekly schedule

Attendance and class requirements

Study commitment

Required readings

Learning outcomes

Graduate qualities

Outcome map

Closing the loop

Disclaimer

On this page

Useful links

Media

Student links

About us

Connect