EC501 International Economic Development

DESCRIPTION

This unit focuses on theory and practice relevant to international economic development. It includes international trade, labour migration, development assistance (foreign aid), poverty reduction, regional trade agreements, intellectual property rights, labour and environmental standards, and the effects of global and regional shocks, crises, and disasters. Theory is complemented by data and results of empirical research.

RELEVANT COURSES

Master of Business Administration (Agribusiness)*

*Core elective

CREDIT POINTS

10

DELIVERY MODE

On campus

Intensive

Extensive

PREREQUISITE OR CO-REQUISITE

EC401 Economics and Finance

UNIT LEARNING OUTCOMES

LO1 Demonstrate advanced understanding of the evolution of international economic development theory

LO2 Evaluate and apply theory in the context of ‘real world’ data and empirical literature

LO3 Critically evaluate the role of international trade in economic development

LO4 Assess the potential of economic development assistance (foreign aid) to alleviate poverty in low income countries

LO5 Analyse and explain the effects of global and regional economic shocks on international economic development

CONTENT

• Survey of international economic development theory

• Trade in primary commodities, quality, and regulation

• Terms of trade and economic development

• Foreign direct investment

• International mobility of labour

• Trade, aid, and welfare

• International economic development and poverty

• Regional trade arrangements (RTAs)

• Trade-Related Aspects of Intellectual Property Rights (TRIPS), labour and environmental standards

• Public-private partnerships and economic shocks

• International outsourcing

ASSESSMENT METHODS

1. Report - 25%

2. Issue Report - 35%

3. Case Study - 40%

PRESCRIBED READINGS

Nil

Check with the lecturer each semester before purchasing any textbooks.