International Economics and Finance

Unit code: BEO2003 | Study level: Undergraduate
Credit points
12
(Generally, 1 credit = 10 hours of classes and independent study.)
Location
City Campus
Prerequisites
BEO1001 - Economic Concepts and Application
(Or equivalent to be determined by unit coordinator)
Overview
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Overview

Explore all aspects of cross-border trade, with International Economics and Finance.

International trade encompasses the trading of any goods, services, labour or capital across borders. It provides both consumers and business with access to new products and markets.

In this unit you will develop the analytical tools necessary to evaluate the welfare and income distribution consequences of engaging in international trade. You will examine the economic impact, issues and challenges presented by the international financial environment, and learn of the impact of trade barriers.


The use of learner-centred activities, including group discussions, case studies and peer learning will enhance your practical knowledge and skills.

Learning Outcomes

On successful completion of this unit, students will be able to:

  1. Review a range of trade theories to conceptualise present day international trade patterns;
  2. Assess the efficiency and distributional consequences of barriers to trades;
  3. Analyse tariff and the dynamics of foreign exchange markets, exchange rate policies and currency crises; and,
  4. Evaluate and analyse international financial crises, and the risks faced by international business activities.

Assessment

For Melbourne campuses

Assessment type: Project
|
Grade: 10%
Research plan proposal (Group)
Assessment type: Test
|
Grade: 20%
Online quiz
Assessment type: Presentation
|
Grade: 20%
Research plan presentation (Group)
Assessment type: Test
|
Grade: 50%
Final test in MCQ and short-answers

Other locations

For students studying at Central University of Finance and Economics, Henan University, Liaoning University, National School of Business Management, Colombo, Sunway College Kuala Lumpur
Assessment type: Report
|
Grade: 20%
A country or an industry study
Assessment type: Test
|
Grade: 20%
Mid-semester Test
Assessment type: Examination
|
Grade: 60%
Final Examination

Required reading

Students will have access to required readings via VU Collaborate and are not required to purchase the listed textbook.

International Economics
Carbaugh, R. (2022).| US: Cengage Learning.

As part of a course

This unit is not compulsory for any specific course. Depending on the course you study, this unit may be taken as an elective.

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