BX3021 - International Trade

Credit points:	03
Year:	2011
Student Contribution Band:	Band 3
Administered by:	School of Business

International economic interdependence has increased significantly in recent years and all aspects of a nation's economy are linked to the economies of its trading partners. An understanding of international trade issues has become ever important. International Trade is designed to help students to gain such understanding. Key topics covered in this subject include: the theory of international trade, the practice of trade policies, international trade and economic development, world trading arrangements, and issues concerning an open economy such as the balance of payments, foreign exchange and exchange rate systems. Students who choose to enrol into this subject should have gained a sound understanding of introductory economics.

Learning Outcomes

• evaluate the usefulness and limitations of international trade theories;
• apply international trade theories to a critical evaluation of policy debates;
• have a knowledge of broad international trade issues;
• apply theories and models to analyse real-world trade issues.

Graduate Qualities

• The ability to adapt knowledge to new situations;
• The ability to define and to solve problems in at least one discipline area;
• The ability to think critically, to analyse and evaluate claims, evidence and arguments, and to reason and deploy evidence clearly and logically;
• The ability to deploy critically evaluated information to practical ends;
• The ability to find and access information using appropriate media and technologies;
• The ability to evaluate that information;
• An understanding of the economic, legal, ethical, social and cultural issues involved in the use of information;
• The ability to select and organise information and to communicate it accurately, cogently, coherently, creatively and ethically;
• The acquisition of coherent and disciplined sets of skills, knowledge, values and professional ethics from at least one discipline area;
• The ability to reflect on and evaluate learning, and to learn independently in a self directed manner;
• The ability to read complex and demanding texts accurately, critically and insightfully;
• The ability to speak and write clearly, coherently and creatively;
• The ability to generate, calculate, interpret and communicate numerical information in ways appropriate to a given discipline or discourse;
• The ability to communicate effectively with a range of audiences;
• The ability to work individually and independently.

Prerequisites:	BU1003 OR EC1005
Inadmissible Subject Combinations:	EC3401 AND EC5208

Availabilities
Townsville, Internal, Study Period 1
Census Date 24-Mar-2011
Coord/Lect:	Professor Zhang-Yue Zhou.
Contact hours:	26 hours lectures 12 hours tutorials
Assessment:	end of semester exam (40%); quizzes or tests (30%); assignments (30%).

Note: Minor variations might occur due to the continuous Subject quality improvement process, and in case of minor variation(s) in assessment details, the Subject Outline represents the latest official information.