Gold Coast, Australia
Area of Study
Taught In English
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.
Recommended U.S. Semester Credits3 - 4
Recommended U.S. Quarter Units4 - 6
Hours & Credits
OverviewCourse DescriptionThis course has a prerequisite requirement which means you MUST successfully complete the listed course or requirement/s BEFORE enrolling in this course. If you have enrolled in the course without meeting this requirement you MUST WITHDRAW immediately or contact the Program Director if you believe you have extenuating circumstances. It is our experience that students who have not completed the prerequisite course struggle to complete the course and often Fail as a result. It is your responsibility to have any Transfer Credit appearing on your academic transcript before enrolling. This course examines the increasing interdependence between national economies and the wider global economy, a phenomenon also known as globalisation. It considers the nature, significance and determination of exchange rates, exports, imports, international competitiveness, the terms of trade, current account imbalances, foreign investment, foreign debt, interest rates and international capital flows. It emphasises how economic theory can help us understand the causes and consequences of international trade and investment with frequent reference to the experience of various countries and economic regions. Students will learn about international institutions, the international monetary system, exchange rate systems, international trade theory and policy, balance of payments adjustment and the operation of monetary and fiscal policy in open economiesCourse IntroductionThis course aims to enhance students' understanding of the important field of international economics. In particular, it will focus on the key issues of globalisation, international trade and finance, competitiveness, exchange rate determination, the international flow of funds, the effectiveness of monetary and fiscal policies in internationally integrated economies, and foreign investment and economic growth.Course AimsThe main aim of the course is to provide a thorough introduction to the field of international economics - an important branch of economic analysis that examines the causes and consequences of economic linkages between nation states. It explores the role that international factors such as exports, imports, the terms of trade, external deficits, exchange rates, capital flows, multinational companies, foreign investment and external debt play in influencing the behaviour and performance of individual economies. A sound understanding of conceptual frameworks that have been developed in this field over a long time develops students' capacity to interpret and critically evaluate current international economic policy issues.Thorough knowledge and understanding of these inter-related topics enables students to interpret and assess current international economic policy issues that are of critical importance to business and financial markets.Learning OutcomesAfter successfully completing this course you should be able to:1 analyse, understand and evaluate key issues in the globalisation debate2 understand, analyse,and evaluate the gains from international trade and finance3 analyse, understand and evaluate what competitiveness means4 analyse, understand and evaluate key determinants of exchange rates5 analyse, understand and evaluate the costs of protection6 analyse, understand and evaluate the significance of tradables, non-tradables and the terms of trade7 analyse, understand and evaluate the international flow of funds8 analyse, understand and evaluate the impact of foreign investment9 analyse, understand and evaluate how economic policies affect an open economy's behaviour
Weighting/Marked out of
Exam - selected and constructed responses
Assignment - Written Assignment
Exam - selected and constructed responses
Courses and course hours of instruction are subject to change.
Eligibility for courses may be subject to a placement exam and/or pre-requisites.
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.