International Trade Theory & Policy
University of Queensland
Area of Study
International Politics, International Trade
Taught In English
This course requires additional faculty approval for entry.
Course Level Recommendations
ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.
Host University Units2
Recommended U.S. Semester Credits4
Recommended U.S. Quarter Units6
Hours & Credits
OverviewCourse DescriptionPure theory of international trade, comparative advantage, Heckscher-Ohlin, growth & trade. Commercial policies: protection & welfare, economic integration, trade & economic development, Australian perspectives.Learning ObjectivesAfter successfully completing this course you should be able to:
Class Contact2 Lecture hours, 1 Tutorial hourAssessmentExamType: Exam - Mid Semester During ClassLearning Objectives Assessed: 1, 2Due Date: Mid-SemesterWeight: 40%Reading: 0 minutesDuration: 100 minutesFormat: Multiple-choice, Short answer, Problem solvingTask Description: The exam examines the materials covered in Chapters 1 to 6 of Krugman and Obstfeld (9th edition). Questions will involve calculation, and/or interpretation of diagrams.Final examinationType: Exam - during Exam Period (Central)Learning Objectives Assessed: 1, 3Due Date: Examination PeriodWeight: 60%Reading: 10 minutesDuration: 120 minutesFormat: Multiple-choice, Short answer, Problem solvingTask Description: Questions will involve calculation, and/or interpretation of diagrams. Emphasis will be given to topics not yet assessed in the mid term exam.
- Demonstrate an understanding of the neoclassical and new trade theories to explain trade flows and the gains from trade.
- Demonstrate an understanding about the role of trade in economic growth.
- Demonstrate an understanding of the different types of instruments of trade policy, and their distributional and welfare implications.
Courses and course hours of instruction are subject to change.
Eligibility for courses may be subject to a placement exam and/or pre-requisites.
Some courses may require additional fees.
Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.