ECON 2500 - International Trade & Investment Policy II
North Terrace Campus - Semester 2 - 2014
General Course Information
Course Code ECON 2500 Course International Trade & Investment Policy II Coordinating Unit School of Economics Term Semester 2 Level Undergraduate Location/s North Terrace Campus Units 3 Contact Up to 3 hours per week Incompatible ECON 2000 Assumed Knowledge ECON 1004 Course Description This is an introductory undergraduate course in international trade. The course covers the following standard topics: the main reasons for trade, trade patterns, trade and income distribution, FDI and immigration, trade policy instruments, WTO and the multilateral trading system, trade agreements. The course may also cover additional topics such as offshoring, trade and child labour, globalisation and environment.
Course Coordinator: Tatyana Chesnokova
The full timetable of all activities for this course can be accessed from Course Planner.
Course Learning OutcomesThe purpose of this course is to provide students with an introduction to the theory of international trade as well as international trade policy and to demonstrate the relevance of the theory in the analysis of (a) existing patterns of international trade and what determines them, (b) the conduct of trade policy and (c) the economic implications of international trade and trade policy both for individual economies such as Australia and the wider international community.
On successful completion of this course students will be able to:
1 Understand the major reasons for international trade and be able to distinguish between them in terms of their assumptions and economic implications 2 Be able to apply partial equilibrium models in analysing the economic effects of trade policy instruments such as tariffs, quotas, export subsidies 3 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 4 Develop communications skills through the presentation of your work and interactions during tutorial sessions
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. 1-4 The ability to locate, analyse, evaluate and synthesise information from a wide variety of sources in a planned and timely manner. 1-4 An ability to apply effective, creative and innovative solutions, both independently and cooperatively, to current and future problems. 1-4 Skills of a high order in interpersonal understanding, teamwork and communication. 1-4 A proficiency in the appropriate use of contemporary technologies. 1-4 A commitment to continuous learning and the capacity to maintain intellectual curiosity throughout life. 1-4 A commitment to the highest standards of professional endeavour and the ability to take a leadership role in the community. 1-4 An awareness of ethical, social and cultural issues within a global context and their importance in the exercise of professional skills and responsibilities. 1-4
Required ResourcesJohn McLaren “International Trade”, Wiley, 2013
Online LearningLecture notes and tutorials will be made available through the course website on
Some Useful Websites:
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:
International Economics Terms
Learning & Teaching Activities
Learning & Teaching ModesLearning in this course is through lectures, tutorials, and personal study. The format of the teaching
consists of two-hour lecture and one tutorial session per week.
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. The tutorials consist of 11 weekly
sets of problems. Students are expected to work through the assignments independently and
prepare solutions to be discussed during the tutorial time. The tutorial questions will include problemsolving exercises, policy article discussions and exercises with spreadsheets on actual data.
The information below is provided as a guide to assist students in engaging appropriately with the course requirements.Students in this course are expected to attend all lectures throughout the semester plus one tutorial class each week. In addition, the workload for this class is designed for 9 hours per week of independent study.
Learning Activities Summary
TOPICS Week 1 What is globalization? Week 2 Comparative Advantage Week 3 Trade and Politics Week 4 Returns to Scale Week 5 Trade and Resources Week 6 FDI and Outsourcing Week 7 FDI and Outsourcing Week 8 Migration Week 9 WTO Week 10 Tariffs, quotas and subsidies Week 11 Tariffs, quotas and subsidies Week 12 Trade and Environment; Trade and Labor Standards
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 SummaryMid semester test (30 %)
Will be held in Week 7, in class.
Tutorial Participation (10%)
Students are expected to source materials for the answers to the tutorial problem sets themselves and in discussion with their classmates.
Students are expected to discuss their proposed solutions during the tutorials. The tutors will be available to discuss the answers which students propose. Tutors in charge will assess student's tutorial participation.
Final Exam (60%)
There will be a 2 hour final exam. Please refer to
Assessment Related RequirementsAttendance is expected for all tutorials.
Assessment DetailTest will be held in Week 7 during lecture time. The duration of the test will be 50 minutes.
The final exam will cover the full set of material developed in this course. This includes all materials from the lectures and other readings, as well as discussions and exercises considered in the tutorials.
Cheating in Examinations and plagiarism in Related Forms of Assessment is a serious act of academic misconduct. Any incidence will be reported for disciplinary action.
Any student failing to take the mid-semester test or attend tutorial must present a valid justification (medical, compassionate, or a valid University sanctioned representation) before any redemption points can be arranged.
Legible hand-writing and the quality of English expression are considered to be integral parts of the assessment process. Marks will not be awarded in the final examination for answers that cannot be read.
Please note that, following University policy, dictionaries are not allowed in School of Economics exams.
Assessment marks prior to the final exam may be displayed on the course website. Students are encouraged to check their marks and notify the lecturer-in-charge of any discrepancies.
No information currently available.
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.
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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