Overview

Topics include the gains and costs of trading internationally; static and dynamic welfare effects of protection; the political economy of international trade policy; optimum policies in the presence of market power, uncertainty, and other market imperfections; trade policy instruments; strategies for trade liberalisation including regional trade agreements.

Offerings

S2-01-CAULFIELD-ON-CAMPUS

Requisites

Prohibition

Contacts

Chief Examiner(s)

Associate Professor Christis Tombazos

Learning outcomes

On successful completion of this unit, you should be able to:
1.

analyse the effects of international trade on real income and its distribution in various market structures

2.

understand the allocation and welfare effects of commercial policies

3.

possess the skills necessary to evaluate critically contemporary innovations in Australia's trade policies.

Teaching approach

Active learning

Assessment

1 - Within semester assessment
2 - Examination

Scheduled and non-scheduled teaching activities

Workshops

Workload requirements

Workload