ECON209 - The Global Economy
Teaching Organisation 3 hours per week for twelve weeks or equivalent.
Economists study trends of globalisation and the impact on trade, investment, technology, labour and finance. The unit exposes students to current issues and trends in the global economy. Using real world data and case studies to examine classical and new trade theories in goods, services and assets, the unit explores their application to the costs and benefits of trade in Australia and other economies. The role of international organisations, such as the IMF and World Bank, in the global economy will be investigated along with exchange rates and the effects of fluctuations under different exchange rate regimes. The aim of this unit is to provide students with the knowledge and skills to assess the strengths and weaknesses of the Australian economy in the context of the global economy and recommend ways it could be improved.