精东传媒app

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.

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.

On successful completion of this course students should be able to:

1. evaluate theories of international economics and international trade;
2. use theory as a basis for prediction and economic reasoning to explore issues in international economics and trade;
3. incorporate the relevant concepts and analytical approaches from the strands of international economics and international trade in exploring contemporary international economic issues;
4. critically examine, in an economic context, strategies adopted by governments and firms in their international activities particularly with respect to government policies on protection;
5. understand the appropriate actions that need to be taken by the governments and firms in the presence of internal and external shocks;
6. discuss the application of industrial policy and trade policy as these relate to regional integration and the process of internationalization of the firms;
7. realize the role of WTO and IMF in international trade;
8. understand Australia鈥檚 trade relations with its major trading partners.