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Unit of study_
ECOS3006: International Trade
2024 unit information
This unit of study provides a systematic analysis of the theory of international trade and trade policy. Initially differences between countries are emphasised as the source of trade and the gains from trade. Models that are examined include the Classical-Ricardian model, the Heckscher-Ohlin model and the Specific-Factors model. Next economics of scale and imperfect competition are introduced as sources of trade and gains from trade. The unit concludes with an examination of empirical studies aimed at testing trade theories. The analysis of trade policy begins with a discussion of the instruments of trade policy, in particular, tariffs and quotas and their effect on welfare. This discussion is then extended to the case of imperfect competition and strategic trade policy.
Unit details and rules
Managing faculty or University school:
Economics
| Code | ECOS3006 |
|---|---|
| Academic unit | Economics |
| Credit points | 6 |
|
Prerequisites:
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ECOS2001 or ECOS2901 |
|---|---|
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Corequisites:
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None |
| Prohibitions:
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None |
| Assumed knowledge:
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None |
At the completion of this unit, you should be able to:
- LO1. demonstrate skills in oral and written communication
- LO2. demonstrate skills in problem solving
- LO3. develop proficiency in critical thinking
- LO4. demonstrate basic modelling skills
- LO5. identify and intuitively explain the key issues in international trade theory and policy such as, for example, the impact of trade on efficiency and welfare
- LO6. understand the importance of assumptions in the economic modelling of international trade
- LO7. distinguish between the efficiency implications and distributional consequences of trade and trade policy
- LO8. understand the role of politics in trade and vice versa
- LO9. assess the costs and benefits of trade policy from an economic point of view
- LO10. confidently participate in public policy discussions and be ready to challenge some of the misconceptions regarding trade and globalisation.
Unit availability
This section lists the session, attendance modes and locations the unit is available in. There is a unit outline for each of the unit availabilities, which gives you information about the unit including assessment details and a schedule of weekly activities.
The outline is published 2 weeks before the first day of teaching. You can look at previous outlines for a guide to the details of a unit.
| Session | MoA ? | Location | Outline ? |
|---|---|---|---|
|
Semester 1 2024
|
Normal day | Camperdown/Darlington, Sydney | |
|
Semester 2 2024
|
Normal day | Camperdown/Darlington, Sydney |
Outline unavailable
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Modes of attendance (MoA)
This refers to the Mode of attendance (MoA) for the unit as it appears when you’re selecting your units in Sydney Student. Find more information about modes of attendance on our website.
