Unit convenor and teaching staff |
Unit convenor and teaching staff
Lecturer
Allan McHarg
Contact via email
By Appointment
Moderator
Joseph Macri
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Credit points |
Credit points
4
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Prerequisites |
Prerequisites
ECON632 or ECON633 or admission to MActPrac or MCom or MEc or MIntBus prior to 2011 or admission to MIntRelMIntTrdeComLaw or MIntTrdeComLaw or PGDipIntTrdeComLaw or PGCertIntTrdeComLaw
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Corequisites |
Corequisites
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Co-badged status |
Co-badged status
NA.
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Unit description |
Unit 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, 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. It focuses on current applications of theoretical principles.
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Information about important academic dates including deadlines for withdrawing from units are available at https://www.mq.edu.au/study/calendar-of-dates
On successful completion of this unit, you will be able to:
Name | Weighting | Due |
---|---|---|
Class Test 1 | 30% | Week 6 |
Assignment | 20% | Tuesday 21st October |
Final Examination | 50% | Formal Examination Period |
Due: Week 6
Weighting: 30%
The Class Test will be conducted in the first hour of lectures of Week 6. This class test will consist of twenty multiple-choice questions and two short essay questions.
Absence from the Class Test 1 without acceptable documented evidence will result in a mark of zero. Only under exceptional circumstances will a supplementary mid-session test be granted. A date, time and location will be provided in due course.
Due: Tuesday 21st October
Weighting: 20%
The assignment will be provided at the beginning of week 9 of the teaching session. Students will have ONE WEEK to complete and submit the assignment. A hard copy of a student's work MUST be submitted at the class meeting on 21/10/2014.
No extensions will be granted. Students who have not submitted the assignment by the deadline will be awarded a mark of 0 for the task, except for cases in which an application relating to disruption to studies is made and approved.
It is important to note that any student that submits an assignment that is not their own work will be automatically be given a mark of zero. Students will also face serious disciplinary action, which may include an automatic failure of ECON847 and the possible exclusion from Macquarie University.
Due: Formal Examination Period
Weighting: 50%
The final exam will be held during the official Session 2 examination period. It is important to note that it is your responsibility to find out the exact time, location and examination date for ECON847.
The structure of the final examination will typically involve short and longer answer questions, which may also include calcuations and diagrammatical illustrations. Details on the exact nature and structure of the final examination will be provided in due course. It is important to note that students must pass the final examination to satisfactorily complete this unit. However, it is also important that students must complete all tasks in this course to successfully complete this unit.
Failure to attend the final examination without approved documented evidence will result in a Fail grade for this unit.
Students MUST pass the final examination to satisfactorily complete this unit.
Important Note: It is Macquarie University Policy to not schedule any final examinations earlier than the official date. Therefore, DO NOT organise any travel within the formal examination period as all requests will be rejected.
CLASSES:
The unit has 3 hours face-to-face teaching per week.The class meeting will be held on Tuesdays between 2.30 - 5.30 p.m.
Required and Recommended Texts and/or Materials Textbook:
Salvatore, Dominick (2012), Introduction to International Economics, Third Edition, John Wiley and Sons.
Students who are wanting to purchase the E-Text option can do so at
http://au.wiley.com/WileyCDA/WileyTitle/productCd-EHEP002068.html
Other Useful Textbooks:
Gerber, James (2010), International Economics, 5th ed, Pearson Addison-Wesley.
Krugman, P, Obstfeld, M., and Melitz, M. (2014) International Economics: Theory & Policy, International Trade: Theory & Policy, Prentice Hall.
Krugman, P. and Obstfeld, M. (2009), International Economics, 8th ed., Addison Wesley.
Carbaugh, R. (2005), International Economics, 10th ed., Thomson.
Husted, S. and Melvin, J. (2013), International Economics, 9th ed., Pearson Addison Wesley.
Pugel, T. (2004), International Economics, 12th ed., McGraw-Hill.
Salvatore, D. (2012), International Economics, 11th ed., Wiley.
Sawyer, W. and Sprinkle, R. (2006), International Economics, Pearson.
Van den Berg, H. (2004), International Economics, McGraw-Hill.
Yarbrough, B. and Yarbrough, R. (2006),The World Economy, 7th ed., Thomson.
Useful Websites:
Australian Department of Foreign Affairs and Trade, www.dfat.gov.au
Australian Bureau of Statistics, www.abs.gov.au
International Monetary Fund, www.imf.org
Organisation for Economic Cooperation and Development, www.oecd.org
The Economist, www.economist.com
The United Nations Conference on Trade and Development (UNCTAD), www.unctad.org
World Trade Organisation, www.wto.org
World Bank, www.worldbank.org
Lecture material will be posted on ilearn website. Any technical issues that you may have with ilearn needs to be directed to the IT section of the university.
Structure of the Weekly 3 Hour Session:
The weekly three-hour session will comprise a two-hour lecture and an hour class practice session. The lectures will provide students with an overview of international trade both in theory and practice, as well as a good understanding of major and current trade issues.
The class practice session will ask students to answer unseen questions from the previous week’s lecture and any additional assigned reading material. The solutions to these questions will be provided and discussed only in class. The objective of this strategy is to provide each student with immediate feedback on their answers with the expectation that this will assist and deepen their understanding of various issues of international trade. Students are expected to read in advance the lecture notes provided online, as well as the required readings, and to participate in class discussions.
LECTURE TOPICS
1. It is essential that students attend all classes, as the tests will focus on material discussed in the lectures and supplemented with the relevant readings.
2. The following references are only a complement to lecture notes: they are NOT a substitute. In addition, a number of prescribed, up-to-date journal articles will be announced during lecture time
3. The numbering of topics below is not related to the number of lecture weeks. Some topics are shorter/longer than others.
Topic 1: Introduction - The Gains from Trade
Salvatore, Chapters1&2, Gerber, Chapters 3&4.
Topic 2: Sources of Comparative Advantage
Salvatore, 2, 3, and 4; Gerber, Chapter 5 (pp. 93-103).
Topic 3: Trade Restrictions (1): Tariffs
Salvatore, Chapter 5; Gerber, Chapter 6.
Topic 4: Trade Restrictions (2): Non-Tariff Barriers
Salvatore, Chapter 6; Gerber, Chapter 7 (pp. 151-156), Chapter 2 (pp. 17-23, 44-45).
Topic 5: Political Economy of Trade
Salvatore, Chapter 6; Gerber, Chapter. 5 (pp.103-115), Chapter 7 (pp.140-156).
Topic 6: Trade and the Global Economy
Salvatore, Chapter 1, Lecture Notes, & Gerber, Chapter 2, Chapter. 8, Chapter 9 (pp.180-83, pp.197-205).
Topic 7: Trade Blocs
Salvatore, Chapter 7; Gerber, Chapter. 2 (pp. 24-28), Chapter.4 (pp.73-74), Chapter.13 (pp. 302-08, pp. 314-18, pp. 321-28, Chapter. 14 (pp. 331-38, pp. 348-59).
Topic 8: Trade and Development
Salvatore, Chapter 8; Gerber, Chapter.15 (pp. 362-371), Chapter.16&17and Lecture Notes.
Topic 9: International Factor Movements
Salvatore, Chapter 9; Gerber, Chapter.2 (pp. 84-86), Chapter. 13 (pp. 318-20), Chapter.14 (pp. 356-57)
Chapter. 9 (pp.186-190), Chapter.12
Topic 10: Australia's Trade and Balance of Payments
Lecture Notes
Topic 11: International Trade and Exchange Rate Movements
Salvatore, Chapters 10 & 11, Gerber, Chapter 10 (pp. 209-210, pp. 213-235)
NOTE: The numbering of topics above is not related to the number of lecture weeks. Some topics are shorter/longer than others.
Macquarie University policies and procedures are accessible from Policy Central. Students should be aware of the following policies in particular with regard to Learning and Teaching:
Academic Honesty Policy http://mq.edu.au/policy/docs/academic_honesty/policy.html
Assessment Policy http://mq.edu.au/policy/docs/assessment/policy.html
Grading Policy http://mq.edu.au/policy/docs/grading/policy.html
Grade Appeal Policy http://mq.edu.au/policy/docs/gradeappeal/policy.html
Grievance Management Policy http://mq.edu.au/policy/docs/grievance_management/policy.html
Disruption to Studies Policy http://www.mq.edu.au/policy/docs/disruption_studies/policy.html The Disruption to Studies Policy is effective from March 3 2014 and replaces the Special Consideration Policy.
In addition, a number of other policies can be found in the Learning and Teaching Category of Policy Central.
Macquarie University students have a responsibility to be familiar with the Student Code of Conduct: https://students.mq.edu.au/support/student_conduct/
If, at the conclusion of the unit, you have performed below expectations, and are considering lodging an appeal of grade and/or viewing your final exam script please refer to the following website which provides information about these processes and the cut off dates in the first instance. Please read the instructions provided concerning what constitutes a valid grounds for appeal before appealing your grade.
http://www.city.mq.edu.au/reviews-appeals.html
All Students are required to attend at least 80% of the scheduled course contact hours each Session. Additionally MQC monitors the course progress of international students to ensure that the student complies with the conditions of their visa relating to attendance.
This minimum level of attendance includes all lectures and tutorials. Tutorial attendance will be recorded weekly. If any scheduled class falls on a public holiday this will be rescheduled as advised by your Lecturer. Attendance at any mid-Session or in-class test is compulsory unless otherwise stated.
Unavoidable non-attendance due to illness or circumstances beyond your control must be supported by appropriate documentation to be considered for a supplementary test. Other non-attendance will obtain zero for the test. You should refer to the section below on Special Consideration for more details about this.
Students who require assistance are encouraged to contact the Student Services Manager at Macquarie City Campus. Please see reception to book an appointment.
Macquarie University provides a range of Academic Student Support Services. Details of these services can be accessed at http://students.mq.edu.au/support/
At any time students (or groups of students) can book our Student Advising rooms on Level 6 by emailing info@city.mq.edu.au with a day and time and nominated contact person. There are additional student study spaces available on Level 1.
Macquarie University Campus Wellbeing also has a presence on the City Campus each week. If you would like to make an appointment, please email info@city.mq.edu.au or visit their website at: http://www.campuslife.mq.edu.au/campuswellbeing
UNIWISE provides:
If you wish to receive IT help, we would be glad to assist you at http://informatics.mq.edu.au/help/ or call 02 9850-4357.
When using the university's IT, you must adhere to the Acceptable Use Policy. The policy applies to all who connect to the MQ network including students and it outlines what can be done.
Students must use their Macquarie University email addresses to communicate with staff as it is University policy that the University issued email account is used for official University communication.
Students are expected to act responsibly when utilising Macquarie City Campus IT facilities. The following regulations apply to the use of computing facilities and online services:
Non-compliance with these conditions may result in disciplinary action without further notice.
If you would like to borrow headphones for use in the Macquarie City Campus computer labs (210, 307, 311, 608) at any point, please ask at Level 2 Reception. You will be required to provide your MQC Student ID card. This will be held as a deposit while using the equipment.
For assistance in the computer labs, please see a Lab Demonstrator (usually they can be found in Lab 311, otherwise ask at Level 2 Reception).
Macquarie University provides a range of support services for students. For details, visit http://students.mq.edu.au/support/
Learning Skills (mq.edu.au/learningskills) provides academic writing resources and study strategies to improve your marks and take control of your study.
Students with a disability are encouraged to contact the Disability Service who can provide appropriate help with any issues that arise during their studies.
For all student enquiries, visit Student Connect at ask.mq.edu.au
For help with University computer systems and technology, visit http://informatics.mq.edu.au/help/.
When using the University's IT, you must adhere to the Acceptable Use Policy. The policy applies to all who connect to the MQ network including students.
Our postgraduates will be able to demonstrate a significantly enhanced depth and breadth of knowledge, scholarly understanding, and specific subject content knowledge in their chosen fields.
This graduate capability is supported by:
Our postgraduates will be capable of utilising and reflecting on prior knowledge and experience, of applying higher level critical thinking skills, and of integrating and synthesising learning and knowledge from a range of sources and environments. A characteristic of this form of thinking is the generation of new, professionally oriented knowledge through personal or group-based critique of practice and theory.
This graduate capability is supported by:
Our postgraduates will be capable of systematic enquiry; able to use research skills to create new knowledge that can be applied to real world issues, or contribute to a field of study or practice to enhance society. They will be capable of creative questioning, problem finding and problem solving.
This graduate capability is supported by: