Description

This unit examines international trade both in theory and practice. It first reviews the theories related to inter- and intra-industry trade determination and the empirical evidence supporting them. It then examines trade policies, covering a wide range of topics (see below), illustrated by up-to-date case studies. The unit has a policy approach and aims at also providing students with a good understanding of major trade issues around the world and the effects of globalisation on trade focuses on current applications of the theoretical principles.

Topics

• The Theory of Comparative Advantage
• Trade and Income Distribution
• New Theories of Trade
• Trade Restrictions: Tariff
• Trade Restrictions: Non-Tariff Barriers
• Political Economy of Trade
• Globalisation and WTO's Contentious Issues
• Trade Blocs
• Trade and Developing
• Australia's Trade and Balance of Payments
• International Factor Movements: Immigration and Foreign Investment
• International Trade and Exchange Rates