Year
2021
Units
4.5
Contact
1 x 3-hour workshop weekly
Prerequisites
1 of : BUSN1007, BUSN1013
Enrolment not permitted
BUSN2011 has been successfully completed
Topic description

This topic examines the various causes of countries' trade patterns, and what benefits might flow from international trade. The consequences of a range of government interventions in trade, including export promotion and tariff and quantitative measures to restrict imports, are explored. The development of the World Trade Organisation and its code of conduct for national trade policies are described. Current examples of discriminatory free trade agreements and their economic consequences are discussed. Reference to current trade policy issues affecting Australia will be made throughout the topic.

Educational aims

This topic aims to provide students with skills relevant to an understanding of the causes and effects of both inter-industry and intra-industry trade, and to the assessment of the various forms of government intervention in trade, including export promotion, tariffs and non-tariff barriers to imports and discriminatory regional trade agreements. The development of the World Trade Organisation and its code of conduct for national trade policies will be discussed. Reference to current trade policy issues affecting Australia will be made throughout the topic.

Expected learning outcomes
On completion of this topic you will be expected to be able to:

  1. Identify the major explanations of why countries engage in international trade and how countries may benefit from that trade
  2. Assess the effects of the various forms of government intervention in trade
  3. Describe the development of the World Trade Organisation and its role in the multilateral trading system
  4. Evaluate the impact of regional free trade agreements
  5. Research a current applied trade policy issue, and report effectively in written form

Key dates and timetable

(1), (2)

Each class is numbered in brackets.
Where more than one class is offered, students normally attend only one.

Classes are held weekly unless otherwise indicated.

FULL

If you are enrolled for this topic, but all classes for one of the activities (eg tutorials) are full,
contact your College Office for assistance. Full classes frequently occur near the start of semester.

Students may still enrol in topics with full classes as more places will be made available as needed.

If this padlock appears next to an activity name (eg Lecture), then class registration is closed for this activity.

Class registration normally closes at the end of week 2 of each semester.

Classes in a stream are grouped so that the same students attend all classes in that stream.
Registration in the stream will result in registration in all classes.
  Unless otherwise advised, classes are not held during semester breaks or on public holidays.