ECON 7072 - International Trade PG
North Terrace Campus - Semester 1 - 2015
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General Course Information
Course Details
Course Code ECON 7072 Course International Trade PG Coordinating Unit Economics Term Semester 1 Level Postgraduate Coursework Location/s North Terrace Campus Units 3 Contact Up to 3 hours per week Available for Study Abroad and Exchange Y Assumed Knowledge ECON 7011 Restrictions Available to ProCertPubPolicy, GradCertEc, GradCertIntEc, GradDipAppEc, GradDipIntEc, MAppEc, MAppEc(Int), MAppEc(PubPol), MFinBusEc students only Assessment Typically two mid-semester tests, assignments & final exam Course Staff
Course Coordinator: D Dissanayake
Course Timetable
The full timetable of all activities for this course can be accessed from Course Planner.
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Learning Outcomes
Course Learning Outcomes
On successful completion of this course students will be able to:
1 understand, at the level of formal analysis, the major models of international trade and be able to distinguish between them in terms of their assumptions and economic implications 2 understand the principle of comparative advantage and its formal expression and interpretation within different theoretical models 3 be able to apply partial equilibrium and (where required) general equilibrium models in analysing the economic effects of (a) trade policy instruments such as tariffs, quotas, export subsidies, (b) retaliatory measures such as anti-dumping duties and countervailing duties and (c) the creation of regional trading arrangements such as free trade areas, customs unions and common markets 4 be familiar with, and be able to critically analyse the main arguments for protection and conversely be able to critically evaluate the relevance and realism of arguments for free trade, taking into account the costs and benefits of trade policy measures on different sections of the community and the implications for the formulation of trade policy 5 be familiar with the major recent developments in the world trading system, and be able to critically analyse key issues raised both by the current round of WTO negotiations and by the spread of regional trading arrangements 6 develop communications skills through the presentation of your work, interactions during tutorial sessions, and appropriate use of the discussion board University Graduate Attributes
This course will provide students with an opportunity to develop the Graduate Attribute(s) specified below:
University Graduate Attribute Course Learning Outcome(s) Knowledge and understanding of the content and techniques of a chosen discipline at advanced levels that are internationally recognised. 1-6 The ability to locate, analyse, evaluate and synthesise information from a wide variety of sources in a planned and timely manner. 1-6 An ability to apply effective, creative and innovative solutions, both independently and cooperatively, to current and future problems. 1-6 Skills of a high order in interpersonal understanding, teamwork and communication. 1-6 A proficiency in the appropriate use of contemporary technologies. 1-6 A commitment to continuous learning and the capacity to maintain intellectual curiosity throughout life. 1-6 A commitment to the highest standards of professional endeavour and the ability to take a leadership role in the community. 1-6 An awareness of ethical, social and cultural issues within a global context and their importance in the exercise of professional skills and responsibilities. 1-6 -
Learning Resources
Required Resources
International Trade: Theory and Evidence by Markusen, Melvin, Kaempfer and Maskus, Mcgraw Hill, 1995
This textbook is available free of charge and may be downloaded from: http://spot.colorado.edu/~markusen/textbook.htmlRecommended Resources
Robert C. Feenstra and Alan M. Taylor, International Trade (3rd Edition), 2014 Worth Publishers.Online Learning
MyUni - http://www.myuni.adelaide.edu.au
Other online Resources:
WTO: http://www.wto.org
UNCTAD: http://www.unctad.org
OECD: http://www.oecd.org
International Center for Trade and Sustainable
Development: http://www.ictsd.org
The World Bank: http://www.worldbank.org
Alan Deardorff’s Glossary of International Economics Terms:
http://www.personal.umich.edu/~alandear/glossary -
Learning & Teaching Activities
Learning & Teaching Modes
Learning in this course is through lectures, tutorials, and personal study.
The lectures will provide you with the necessary understanding of the material to be able to solve the exercises you will be given during tutorials or exams.
Tutorials represent an important learning component of the class. Students are expected to work through the assignments and prepare solutions to be discussed during the tutorial time.Workload
The information below is provided as a guide to assist students in engaging appropriately with the course requirements.
Lectures: 2 Hours per week
Tutorials: 1 Hour per week
Home study expectation: 6 Hours per weekLearning Activities Summary
Part I Introduction Chapters Wk 1 Technical Concepts - Markusen, et.al., 1 - 4 Wk 2 Why do countries trade? - Markusen, et.al., 5 - 6 Part II Theoretical Analysis of International Trade Wk 3 The Classical Model: Differing Technologies- - Markusen, et.al., 7 Wk 4 & 5 The Heckscher - Ohlin Model - Markusen, et.al., 8 Wk 5 & 6 The Specific Factors Model - Markusen, et.al., 9 Mid Semester Examination Wk 7 Government Policies as the Determinants of Trade - Markusen, et.al., 10 Wk 8 Imperfect Competition as the Determinant of Trade and the Gains from Trade 11 Increasing Returns to Scale - Markusen, et.al., 12 Wk 9 Tastes, Per Capita Income, and Technological -
Change as the Determinants of Trade - Markusen, et.al.,13 Empirical Studies of Comparative Advantage Models - Markusen, et.al., 14 Part III Trade Policy Wk 10 Tariffs - Markusen, et.al., 15 Quotas and Other Non-tariff Barriers - Markusen, et.al., 16 Week 11 Imperfect Competition, Increasing Returns -
Strategic Trade Policy - Markusen, et.al.,17 Preferential Trade Areas 18 Week 12 The Political Economy of Trade Policy 19 Administered Protection 20 -
Assessment
The University's policy on Assessment for Coursework Programs is based on the following four principles:
- Assessment must encourage and reinforce learning.
- Assessment must enable robust and fair judgements about student performance.
- Assessment practices must be fair and equitable to students and give them the opportunity to demonstrate what they have learned.
- Assessment must maintain academic standards.
Assessment Summary
Students will be assessed based on the following:
Mid-semester Test 20% Group Assignment #1 15% Group Assignment #2 15% Final Exam 50% Assessment Detail
NOTES ON ASSESSMENT
Assessment marks prior to the final exam may be displayed on the course website through Myuni. Students are encouraged to check their marks and notify the lecturer-in-charge of any discrepancies.
EXAMINATIONS
It is each student's responsibility to read the examination timetable.Submission
Assignments are to be submitted via the Professions Undergraduate Hub on Ground Level of Nexus 10.
Assignments will generally be returned during tutorials/lectures the week following submission.
Students must not submit work for an assignment that has previously been submitted for this course or any other course without prior approval from the lecturer-in-charge.
Course Grading
Grades for your performance in this course will be awarded in accordance with the following scheme:
M10 (Coursework Mark Scheme) Grade Mark Description FNS Fail No Submission F 1-49 Fail P 50-64 Pass C 65-74 Credit D 75-84 Distinction HD 85-100 High Distinction CN Continuing NFE No Formal Examination RP Result Pending Further details of the grades/results can be obtained from Examinations.
Grade Descriptors are available which provide a general guide to the standard of work that is expected at each grade level. More information at Assessment for Coursework Programs.
Final results for this course will be made available through Access Adelaide.
Additional Assessment
If a student receives 45-49 for their final mark for the course they will automatically be granted an additional assessment. This will most likely be in the form of a new exam (Additional Assessment) and will have the same weight as the original exam unless an alternative requirement (for example a hurdle requirement) is stated in this semester’s Course Outline. If, after replacing the original exam mark with the new exam mark, it is calculated that the student has passed the course, they will receive 50 Pass as their final result for the course (no higher) but if the calculation totals less than 50, their grade will be Fail and the higher of the original mark or the mark following the Additional Assessment will be recorded as the final result. -
Student Feedback
The University places a high priority on approaches to learning and teaching that enhance the student experience. Feedback is sought from students in a variety of ways including on-going engagement with staff, the use of online discussion boards and the use of Student Experience of Learning and Teaching (SELT) surveys as well as GOS surveys and Program reviews.
SELTs are an important source of information to inform individual teaching practice, decisions about teaching duties, and course and program curriculum design. They enable the University to assess how effectively its learning environments and teaching practices facilitate student engagement and learning outcomes. Under the current SELT Policy (http://www.adelaide.edu.au/policies/101/) course SELTs are mandated and must be conducted at the conclusion of each term/semester/trimester for every course offering. Feedback on issues raised through course SELT surveys is made available to enrolled students through various resources (e.g. MyUni). In addition aggregated course SELT data is available.
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Student Support
- Academic Integrity for Students
- Academic Support with Maths
- Academic Support with writing and study skills
- Careers Services
- International Student Support
- Library Services for Students
- LinkedIn Learning
- Student Life Counselling Support - Personal counselling for issues affecting study
- Students with a Disability - Alternative academic arrangements
- YouX Student Care - Advocacy, confidential counselling, welfare support and advice
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Policies & Guidelines
This section contains links to relevant assessment-related policies and guidelines - all university policies.
- Academic Credit Arrangements Policy
- Academic Integrity Policy
- Academic Progress by Coursework Students Policy
- Assessment for Coursework Programs Policy
- Copyright Compliance Policy
- Coursework Academic Programs Policy
- Elder Conservatorium of Music Noise Management Plan
- Intellectual Property Policy
- IT Acceptable Use and Security Policy
- Modified Arrangements for Coursework Assessment Policy
- Reasonable Adjustments to Learning, Teaching & Assessment for Students with a Disability Policy
- Student Experience of Learning and Teaching Policy
- Student Grievance Resolution Process
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Fraud Awareness
Students are reminded that in order to maintain the academic integrity of all programs and courses, the university has a zero-tolerance approach to students offering money or significant value goods or services to any staff member who is involved in their teaching or assessment. Students offering lecturers or tutors or professional staff anything more than a small token of appreciation is totally unacceptable, in any circumstances. Staff members are obliged to report all such incidents to their supervisor/manager, who will refer them for action under the university's student’s disciplinary procedures.
The University of Adelaide is committed to regular reviews of the courses and programs it offers to students. The University of Adelaide therefore reserves the right to discontinue or vary programs and courses without notice. Please read the important information contained in the disclaimer.
