ECON3116 International Trade Theory and Policy - 2024

General Course Information

Course Code :  ECON3116

Year :  2024

Term :  Term 2

Teaching Period :  T2

Course Details & Outcomes

Course Description

This course provides a theoretical analysis of international trade topics with references to

empirical evidence. The course covers the main theories of international trade and international trade policy. You will learn the main empirical patterns of current international trade and how to  access sources of this information. You will become familiar with the concept of comparative advantage, and study models showing how technological differences, differences in resource endowments, and economies of scale determine trade patterns and income distribution. The

effects of various trade policy instruments on welfare will be analysed. You will acquire the problem-solving skills necessary to analyse these and similar matters.

Course Aims

This course aims to provide an advanced understanding of economic aspects of international trade – focusing on opportunities and challenges that may arise in professional settings.

This course is offered as part of the economics majors in the BCom and BEc degrees. The pre- requisite for this course is ECON2101 Microeconomics 2. The course has a microeconomics focus and is complementary to ECON3104 International Macroeconomics.

Course Learning Outcomes

Learning and Teaching Technologies

Moodle - Learning Management System | Zoom

Learning and Teaching in this course

Lectures, tutorials and assessments have been designed to appropriately challenge students and support the achievement of the desired learning outcomes. A climate of inquiry and dialogue is encouraged between students and teachers and among students (in and out of class). The lecturers and tutors aim to provide meaningful and timely feedback to students to improve learning outcomes.

Use of your Webcam and Digital Devices: If you enrol in an online class, or the online stream of a  hybrid class, teaching and associated activities will be conducted using Teams, Zoom, or similar a technology. Using a webcam is optional, but highly encouraged, as this will facilitate interaction with your peers and instructors. If you are worried about your personal space being observed during a class, we encourage you to blur your background or make use of a virtual background.

Please contact the Lecturer-in-Charge if you have any questions or concerns.

Some courses may involve undertaking online exams for which your own computer or digital devices will be required. Monitoring of online examinations will be conducted directly by

University staff and is bound by the University's privacy and security requirements. Any data collected will be handled accordance with UNSWpoliciesandstandardsfordatagovernance. For more information on how the University manages personal information please refer to the UNSWStudentPrivacyStatementand the UNSWPrivacyPolicy.

Learning Activities and Teaching Strategies

The examinable content of the course is defned by the references given in the lecture schedule, the content of lectures, and the content of the tutorial program.

Lectures

The purpose of lectures is to provide a logical structure for the topics that make up the course, to emphasise the important concepts and methods of each topic, and to provide relevant examples to which the concepts and methods are applied. Lecture slides will be made available on the course Moodle site. Lectures will belive-streamed at scheduled lecture times except on the days on which there is an online quiz or a public holiday. For such days the lecture will be pre-recorded and made available via Moodle.

Tutorials

Tutorials are an integral part of the subject. Tutorial problems will build on the material discussed in class with the lecturer. Tutorials provide a vehicle for interaction between students and tutors. Tutorials will be undertaken face-to-face or online by the tutors according to the class schedule. The online tutorials will belive-streamed. Students will be able to attend their online tutorial via a link that will be made available on the course Moodle site. Students are strongly encouraged to prepare well by attempting the homework problems prior to the tutorials and   participating in the tutorial discussion.

Out-of-Class Study

While students may have preferred individual learning strategies, most learning will be achieved   outside of class time. Lectures can only provide a structure to assist your study, and tutorial time is limited. An “ideal” strategy (on which the provision of the course materials is based) might include:

· Reading of the relevant chapter(s) of the text and any additional readings before the lecture. This will give you a general idea of the topic area.

Attention to recorded lectures. Here the context of the topic in the course and the important  elements of the topic are identifed. The relevance of the topic will be explained further in the online discussion of the lecture material.

Attending tutorials, attempting the tutorial questions and participating in tutorial discussions. Participation in the consultation sessions. These provide an opportunity to interact with the

lecturer and other students and to ask questions about the course material.

Detailed Assessment Description

There are two Moodle quizzes: Quiz 1 (20%) in Week 5 and Quiz 2 (15%) in Week 10.

Assessment Length

1.5 hour for Quiz 1 and 1 hour for Quiz 2.

Submission notes

Moodle Quiz

Assignment submission Turnitin type

Not Applicable

Short Report

Assessment Overview

Contemporary issues in International Trade Policy will be discussed in lectures using different  resources such as podcasts and news articles. Students are asked to submit a report on these topics of discussion.

Assesses: PLO1, PLO2, PLO3, PLO5, PLO6, PLO7

Course Learning Outcomes

CLO2 : Use the standard models of international trade to interpret and analyse real problems and issues in international economics

CLO3 : Describe and interpret how institutions and policy affect international trade. CLO4 : Construct written work that is logically and professionally presented.

Assessment Length

800 words

Submission notes

The Short Report is due at the end of Week 3. The report should be typed and submitted in Moodle through Turnitin.

Assignment submission Turnitin type

This assignment is submitted through Turnitin and students do not see Turnitin similarity reports.

• Meet any additional requirements specifed in the assessment details

• Meet the specifed attendance requirements of the course (see Schedule section)