ECON 2500 - International Trade & Investment Policy II
North Terrace Campus - Semester 2 - 2015
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 Available for Study Abroad and Exchange Y 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: Associate Professor Shandre ThangaveluAssociate Professor Shandre Mugan Thangavelu
Institute for International Trade
Level 6, 10 Pulteney Street, University of Adelaide.
Dr. Uwe Kaufmann
Institute for International Trade
Level 6, 10 Pulteney Street, University of Adelaide
The full timetable of all activities for this course can be accessed from Course Planner.
Course Learning OutcomesThe objectives of this course is to provide students with an introduction to the theory of international trade and policy in terms of (a) concepts and principles of trade, (b) conduct of trade policy, and (c) global issues on trade and its implications for Asia and Australia.
Upon successful completion of this course students will be able to:
1 Understanding of the key issues related to trade and policy 2 Students will be able to understand the theories and models of international trade with application to global policy issues. 3 Students will be familiar with the major developments in global trade issues such as WTO and regional integration.
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. 1-3 The ability to locate, analyse, evaluate and synthesise information from a wide variety of sources in a planned and timely manner. 1-3 An ability to apply effective, creative and innovative solutions, both independently and cooperatively, to current and future problems. 1-3 Skills of a high order in interpersonal understanding, teamwork and communication. 1-3 A proficiency in the appropriate use of contemporary technologies. 1-3 A commitment to continuous learning and the capacity to maintain intellectual curiosity throughout life. 1-3 A commitment to the highest standards of professional endeavour and the ability to take a leadership role in the community. 1-3 An awareness of ethical, social and cultural issues within a global context and their importance in the exercise of professional skills and responsibilities. 1-3
Required ResourcesKrugman, Obstfeld, Melitz, International Economic Theory and Policy, 10th Ed. 0-13-382684-5, Prentice Hall
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 ModesThe course consists of lectures, tutorials and group discussions.
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 World Trade and Developing Countries Week 2 Labor Productivity and Comparative Advantage: The Ricardian Model Week 3 Specific Factors and Income Distribution Week 4 Factor Resources and Trade: The Heckscher-Ohlin Model Week 5 Strategic Trade Models Week 6 Multinationals: External Economies of Scale and the International Location of Production Week 7 Multinational Firms in the Global Economy: Export Decisions, Outsourcing, and Multinational Enterprises Weeks 8 & 9 International Trade Policy - The Instruments of Trade Policy Week 10 The Political Economy of Trade Policy: Education, Industrial and Trade Policy Week 11 Trade Policy in Developing Countries: Regionalism and Free Trade Agreements Week 12 Controversies in Trade Policy: WTO
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.
Tutorial participation 10%
Weekly assignments 25%
Mid semester test 25%
Final exam 40%
Weekly tutorial assignments and quizzes (short written assignments, students applying knowledge from lectures, etc.): 25%
Students are expected to source materials for the answers to the tutorial problem sets themselves and in discussion with their classmates.
Tutorial participation: 10%
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.
Mid semester test: 25%The structure of the mid-term will be discussed during lectures.
Final Exam: 40%
SubmissionSubmission of the assignments is required as per instructions on MyUni.
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.
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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