Victoria University of Wellington
Wellington, New Zealand
Area of Study
Economics, International Trade
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
Theories of international specialisation; trade and growth with consideration given to both the postive and normative effects of government policies relating to international trade. The course will also include an introduction to theories of the determinants of exchange rates.
This course will cover both trade and monetary aspects of international economics. The subject matter of international economics can be divided into two halves ? international trade and international finance. The first half (weeks 1-6) starts with questioning how countries? resolve trade imbalances surplus/deficit) over time i.e. balance of payments. The discussion will encompass financial/monetary perspectives in open economies and develop models to help evaluate policies in determination of output, unemployment, price levels, and exchange rates for globally integrated economies. The second half of the course (weeks 7-12) will discuss the merits of free trade among nations i.e. gains from and patterns of trade, different approaches to trade i.e. trade theories and the political factors affecting trade policies in practice.
Course Learning Objectives
By the end of this course, students should be able to
1. Explain and use a short run model of exchange rate determination
2. Use a short run model of the exchange rate incorporating money
3. Use a long run model of the exchange rate
4. Use the standard models to explain international trade
5. Use models of imperfect competition to explain trade
6. Explain and apply models of factor migration
7. Apply economic models to evaluate government trade policies
Test 1 15%
Test 2 15%
Final Exam 70%
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.
Please reference fall and spring course lists as not all courses are taught during both semesters.
Availability of courses is based on enrollment numbers. All students should seek pre-approval for alternate courses in the event of last minute class cancellations
Please note that some courses with locals have recommended prerequisite courses. It is the student's responsibility to consult any recommended prerequisites prior to enrolling in their course.