| Semester 1, 2020 Online | |
| Short Description: | Internat'l Economics & Trade |
| Units : | 1 |
| Faculty or Section : | Faculty of Business, Education, Law and Arts |
| School or Department : | School of Commerce |
| Student contribution band : | Band 3 |
| ASCED code : | 091901 - Economics |
| Grading basis : | Graded |
Staffing
Examiner:
Other requisites
Students are required to have access to a personal computer, e-mail capabilities and Internet access to UConnect. Current details of computer requirements can be found at .
Rationale
The current century is an age of unprecedented globalisation and economic integration. International economic interdependence is continuously increasing, and firms and their managers must be aware of the impact of this situation and the competitive forces it generates on the profitability and sustainability of their business. International Economics and Trade is an exciting and dynamic subject that equips students with the tools with which they can tackle important and complex real-world issues in this age of globalisation and financial integration.
Synopsis
National economies cannot function well in isolation from incidents in other national economies; global interdependence now characterizes national and international affairs. In this course, the issues of international economics and international trade are widely discussed for better understanding of trade and economic relations among the nations as well as barriers and opportunities of trade and investment flows. Students will develop a broad vision of international economics and its likely future challenges as well as practical skills in strategic analysis.
Objectives
On successful completion of this course students should be able to:
- evaluate theories of international economics and international trade;
- use theory as a basis for prediction and economic reasoning to explore issues in international economics and trade;
- incorporate the relevant concepts and analytical approaches from the strands of international economics and international trade in exploring contemporary international economic issues;
- critically examine, in an economic context, strategies adopted by governments and firms in their international activities particularly with respect to government policies on protection;
- understand the appropriate actions that need to be taken by the governments and firms in the presence of internal and external shocks;
- discuss the application of industrial policy and trade policy as these relate to regional integration and the process of internationalization of the firms;
- realize the role of WTO and IMF in international trade;
- understand Australia鈥檚 trade relations with its major trading partners.
Topics
| Description | Weighting(%) | |
|---|---|---|
| 1. | The international economy and globalization | 7.00 |
| 2. | The theories of international trade | 18.00 |
| 3. | Trade policy | 22.00 |
| 4. | Balance of payment and exchange rate | 22.00 |
| 5. | Regional trading arrangements | 8.00 |
| 6. | International trade and institutions | 7.00 |
| 7. | Australia鈥檚 trade relations with its major trading partners | 16.00 |
Text and materials required to be purchased or accessed
ALL textbooks and materials available to be purchased can be sourced from (unless otherwise stated). (https://omnia.usq.edu.au/textbooks/?year=2020&sem=01&subject1=ECO3010)
Please for alternative purchase options from USQ Bookshop. (https://omnia.usq.edu.au/info/contact/)
Carbaugh, RJ 2019, International economics, 17th edn, Cengage Learning, Mason, Ohio.
Reference materials
Reference materials are materials that, if accessed by students, may improve their knowledge and understanding of the material in the course and enrich their learning experience.
Student workload expectations
| Activity | Hours |
|---|---|
| Independent 精东传媒app | 165.00 |
Assessment details
| Description | Marks out of | Wtg (%) | Due Date | Notes |
|---|---|---|---|---|
| ASSIGNMENT 1 | 20 | 20 | 19 Mar 2020 | (see note 1) |
| ASSIGNMENT 2 | 30 | 30 | 28 May 2020 | (see note 2) |
| TAKE HOME EXAM | 50 | 50 | End S1 | (see note 3) |
Notes
- One short answer question and one essay question.
- Two essay questions.
- This will be a take home exam. Students will be provided further instruction regarding the exam by their examiner via 精东传媒app Desk. The examination date will be available via UConnect when the Alternate Assessment Schedule has been released. The examination will contain 2 parts: A(4 compulsory short questions - 20 marks) and B (2 compulsory essay questions - 30 marks).
Important assessment information
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Attendance requirements:
There are no attendance requirements for this course. However, it is the students' responsibility to study all material provided to them or required to be accessed by them to maximise their chance of meeting the objectives of the course and to be informed of course-related activities and administration. -
Requirements for students to complete each assessment item satisfactorily:
Due to COVID-19 the requirements for S1 2020 are: To satisfactorily complete an individual assessment item a student must achieve at least 50% of the marks for that item.
Requirements after S1, 2020:
To satisfactorily complete an individual assessment item a student must achieve at least 50% of the marks. (Depending upon the requirements in Statement 4 below, students may not have to satisfactorily complete each assessment item to receive a passing grade in this course.) -
Penalties for late submission of required work:
Students should refer to the Assessment Procedure (point 4.2.4) -
Requirements for student to be awarded a passing grade in the course:
Due to COVID-19 the requirements for S1 2020 are: To be assured of receiving a passing grade a student must achieve at least 50% of the total weighted marks available for the course.
Requirements after S1, 2020:
To be assured of receiving a passing grade a student must obtain at least 50% of the total weighted marks available for the course (i.e. the Primary Hurdle), and have satisfied the Secondary Hurdle (Supervised), i.e. the end of semester examination by achieving at least 40% of the weighted marks available for that assessment item.
Supplementary assessment may be offered where a student has undertaken all of the required summative assessment items and has passed the Primary Hurdle but failed to satisfy the Secondary Hurdle (Supervised), or has satisfied the Secondary Hurdle (Supervised) but failed to achieve a passing Final Grade by 5% or less of the total weighted Marks.
To be awarded a passing grade for a supplementary assessment item (if applicable), a student must achieve at least 50% of the available marks for the supplementary assessment item as per the Assessment Procedure (point 4.4.2).
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Method used to combine assessment results to attain final grade:
The final grades for students will be assigned on the basis of the aggregate of the weighted marks obtained for each of the summative assessment items in the course. -
Examination information:
Due to COVID-19 the requirements for S1 2020 are: An Open Examination is one in which candidates may have access to any printed or written material and a calculator during the examination
Requirements after S1, 2020:
This is a restricted examination. The only materials that candidates may use in the examination for this course are:- writing materials. These must be non-electronic and free from material which could give the student an unfair advantage in the examination.
- an unmarked non-electronic translation dictionary (but not technical dictionary). A student whose first language is not English may take a translation dictionary into the examination room. A translation dictionary with any handwritten notes will not be permitted. Translation dictionaries will be subject to perusal and may be removed from the candidate's possession until appropriate disciplinary action is completed if found to contain material that could give the candidate an unfair advantage.
- a calculator which cannot hold textual information (students must indicate on their examination paper the make and model of any calculator(s) they use during the examination).
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Examination period when Deferred/Supplementary examinations will be held:
Due to COVID-19 the requirements for S1 2020 are: The details regarding deferred/supplementary examinations will be communicated at a later date
Requirements after S1, 2020:
Any Deferred or Supplementary examinations for this course will be held during the next examination period. -
精东传媒app Student Policies:
Students should read the USQ policies: Definitions, Assessment and Student Academic Misconduct to avoid actions which might contravene 精东传媒app policies and practices. These policies can be found at .
Assessment notes
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Referencing in assignments:
Harvard (AGPS) is the referencing system required in this course. Students should use Harvard (AGPS) style in their assignments to format details of the information sources they have cited in their work. The Harvard (AGPS) style to be used is defined by the USQ Library's referencing guide at .