Course coordinator
Dr Axel Wieneke
Course overview
- Study period
- Semester 1, 2025 (24/02/2025 - 21/06/2025)
- Study level
- Postgraduate Coursework
- Location
- St Lucia
- Attendance mode
- In Person
- Units
- 2
- Administrative campus
- St Lucia
- Coordinating unit
- Economics School
Survey of recent advances in foreign trade and investment. Topics include trade theory and policy, international factor movement, theories of international investment and contemporary trade and investment issues.
Overview
The first part of the course will focus on the main policy instruments that governments have used to influence trade and factor rewards. This part of the course will also consider the political economy of trade policy. The second part of the course will study the motivations for international trade by reviewing models of international trade, starting with the Ricardian model and concluding with the new trade models.
The course extensively uses Blackboard, with the weeklyﾠuploading of many learning resources: lecture recordings,ﾠslides, tutorial questions with model answers. In addition, the course incorporates UQ Extend with selected materials for all topics available in advance.
Blended-learning
ECON7530ﾠisﾠa blended-learning course with the following learning activities:ﾠ
- Weeklyﾠpre-recordedﾠonline lecturesﾠduring weeks 1-12ﾠ(note: there are 11 topics)
- Weeklyﾠin person tutorialsﾠduring weeks 2-13ﾠ(note:ﾠtutorial starts from week 2)
- Weeklyﾠin person workshopsﾠduring weeks 1-13ﾠ(note:ﾠworkshop starts from week 1)
What is the difference between the workshop and the lecture? At the end of each week's online lecture (which takes place on an online course platform called UQ Extend), there will be a survey for you to indicate which part of that week's topic is difficult and needs more elaboration. In addition, the course coordinator/instructor will also use the workshop to do exercises relevant to the final exam and to discuss some current events relevant to the course content.
Course requirements
Assumed background
Students should have an understanding of microeconomic concepts and tools, such as indifference curves, transformation curves, demand and supply curves and the like. If this knowledge is missing, students have to fill the gaps on their own, primarily by consulting microeconomic textbooks, as no lecture time will be available to dwell on these topics. This should be accomplished before the first lecture.
Prerequisites
You'll need to complete the following courses before enrolling in this one:
ECON2010 or 7002 or 7110
Incompatible
You can't enrol in this course if you've already completed the following:
ECON3510
Course contact
Lecturer
Dr Nhan Phan
School enquiries
School Enquiries, School of Economics
All enquiries regarding student and academic administration (i.e. non-course content information, e.g., class allocation, timetables, extension to assessment due date, etc.) should be directed to enquiries@economics.uq.edu.au.ﾠ
Enquiries relating specifically to course content should be directed to the Course Coordinator/Lecturer.
Course staff
Tutor
Mrs Eugenia Arrarte Brown
Mr Phuoc Bao Long Hoang
Timetable
The timetable for this course is available on the UQ Public Timetable.
Additional timetable information
Lectures commence in 1.
Tutorials commence in 2.
Please see the Learning Activities section of this Course Profile for the timetabling implications of public holidays.
Important Dates:
· Public Holidays: Fri 18 April (Good Friday), Mon 5 May (Labour Day).
· Mid-Semester Break: 21 April - 25 April. Semester 1 classes recommence on Mon 28 April.
Students should refer to the timetable prior to the commencement of classes to ensure that they have the most up to date information, as from time to time late room changes may occur.
Aims and outcomes
The course will cover topics in both the pure theory of international trade and trade policy issues that form the core of this subject. Important key concepts and core models will be studied in order to equip students to analyse controversial trade policy issues in an objective manner. The lectures will aim to highlight leading contemporary international issues that confront policy makers as their economies globalise or integrate with the world economy through trade and investment.
Learning outcomes
After successfully completing this course you should be able to:
LO1.
Explain the process of economic globalisation and the pattern and direction of international trade flows.
LO2.
Evaluate key concept of comparative advantage, core models of the pure theory of international trade (The Ricardian Model. The Heckscher-Ohlin Model. The Standard Trade Model), the models based on economies of scale and imperfect competition, and the implications of international factor movements.
LO3.
Examine the role of policy instruments and the political economy of protection.
LO4.
Critically review some of the important trade and investment issues facing developed and developing economies.
LO5.
Critically analyse some of the controversies related to trade and globalisation.
Assessment
Assessment summary
| Category | Assessment task | Weight | Due date |
|---|---|---|---|
| Tutorial/ Problem Set | Tutorial Preparation | 10% |
Week 2 - Week 13
Due weekly on Monday by 1PM, starting from week 2. |
| Paper/ Report/ Annotation | Policy Debate and Excel Data File (Part A) | 30% |
1/04/2025 1:00 pm |
| Paper/ Report/ Annotation | Policy Debate and Excel Data File (Part B) | 30% |
13/05/2025 1:00 pm |
| Examination |
Exam
|
30% |
End of Semester Exam Period 7/06/2025 - 21/06/2025 |
Assessment details
Tutorial Preparation
- Mode
- Written
- Category
- Tutorial/ Problem Set
- Weight
- 10%
- Due date
Week 2 - Week 13
Due weekly on Monday by 1PM, starting from week 2.
Task description
Students are required to make a tutorial submission by attempting selected tutorial questions at the beginning of each tutorial week. The selected questions normally consist of 1-2 calculation/short answer questions and 8-10 MCQs. There will be 11 tutorials and only the 10 best tutorial submissions will be counted (i.e. the 1 lowest scoring submission will be discarded). Tutorial preparation must be completed via Blackboard by 1 pm on the Monday of the corresponding tutorial week.
ARTIFICIAL INTELLIGENCE (AI) USAGE: This assessment task evaluates students' abilities, skills and knowledge. Whilst it might be possible to use generative Artificial Intelligence (AI), we strongly discourage it for this task. Experience has shown that AI generated submissions have been substandard and received low marks.
Submission guidelines
Only submissions via Turnitin will be accepted.
Deferral or extension
You cannot defer or apply for an extension for this assessment.
Extensions are not allowed because answers are provided to students soon after the due date. As well as, only best 10 out of 11 tutorials will be counted.
Late submission
You will receive a mark of 0 if this assessment is submitted late.
Policy Debate and Excel Data File (Part A)
- Mode
- Written
- Category
- Paper/ Report/ Annotation
- Weight
- 30%
- Due date
1/04/2025 1:00 pm
Task description
Students are required to (a) write a 1200-word submission lobbying for trade protection on a product from a country/custom union of their choice excluding the United States, China, or Australia; and (b) provide the data file they use to create the figures in their report. Students will get a mark for this assignment only if they have submitted both the report and the data file.
Instruction will be provided on Blackboard > Assessment.
Students may complete the assessment individually or in pairs. For students working in pairs, only one student should submit the report and the data file, and both students will receive the same mark.
If students wish to work in pairs, they are responsible for finding the right partner and managing their relationship. Disputes or dissolution of a partnership will not be accepted as a reason for an extension.
ARTIFICIAL INTELLIGENCE (AI) USAGE: Artificial Intelligence (AI) provides emerging tools that may support students in completing this assessment task. Students may appropriately use AI in completing this assessment task. Students must clearly reference any use of AI in the Report. A failure to reference generative AI use may constitute student misconduct under the Student Code of Conduct.
Submission guidelines
The Trade Policy Submission must be submitted via the Turnitin link on Blackboard.
The Excel Data File must be submitted via another link on Blackboard (just below the Turnitin link).
Deferral or extension
You may be able to apply for an extension.
The maximum extension allowed is 7 days. Extensions are given in multiples of 24 hours.
Extensions are limited to 7 calendar days to ensure timely feedback to other students. Please see the "Additional Assessment Information" section below for further information regarding extension of assessment due date (EADD) requests.
Late submission
A penalty of 10% of the maximum possible mark will be deducted per 24 hours from time submission is due for up to 7 days. After 7 days, you will receive a mark of 0.
The penalty rate is based on the submission times of the Country Trade Report and the Excel Data File, whichever is later. For example, if the Country Trade Report is 18 hours late and the Excel Data File is 25 hours late, then the penalty will be based on the submission time of the Excel Data File, i.e. 20 marks.
Policy Debate and Excel Data File (Part B)
- Mode
- Written
- Category
- Paper/ Report/ Annotation
- Weight
- 30%
- Due date
13/05/2025 1:00 pm
Task description
This assignment follows up on Part A. The product and the country of choice must be the same as that of Part A's. Students are required to (a) write a 1200-word submission (i) lobbying against trade protection on the product from the country/custom union of their choice in part A; and (ii) making and explaining the final decision as a Trade Minister of the chosen country; and (b) provide the data file they use to create the figures in their report. Students will get a mark for this assignment only if they have submitted both the report and the data file.
Instruction will be provided on Blackboard > Assessment.
Students may complete the assessment individually or in pairs. For students working in pairs, only one student should submit the report and the data file, and both students will receive the same mark.
Students working individually for Part A must work individually for Part B.
Students working in pairs for Part A are expected to do Part B together.
If students wish to work in pairs, they are responsible for finding the right partner and managing their relationship. Disputes or dissolution of a partnership will not be accepted as a reason for an extension.
ARTIFICIAL INTELLIGENCE (AI) USAGE: Artificial Intelligence (AI) provides emerging tools that may support students in completing this assessment task. Students may appropriately use AI in completing this assessment task. Students must clearly reference any use of AI in the Report. A failure to reference generative AI use may constitute student misconduct under the Student Code of Conduct.
Submission guidelines
The Trade Policy Submission must be submitted via the Turnitin link on Blackboard.
The Excel Data File must be submitted via another link on Blackboard (just below the Turnitin link).
Deferral or extension
You may be able to apply for an extension.
The maximum extension allowed is 7 days. Extensions are given in multiples of 24 hours.
Extensions are limited to 7 calendar days to ensure timely feedback to other students. Please see the "Additional Assessment Information" section below for further information regarding extension of assessment due date (EADD) requests.
Late submission
A penalty of 10% of the maximum possible mark will be deducted per 24 hours from time submission is due for up to 7 days. After 7 days, you will receive a mark of 0.
The penalty rate is based on the submission times of the Country Trade Report and the Excel Data File, whichever is later. For example, if the Country Trade Report is 18 hours late and the Excel Data File is 25 hours late, then the penalty will be based on the submission time of the Excel Data File, i.e. 20 marks.
Exam
- Identity Verified
- In-person
- Mode
- Written
- Category
- Examination
- Weight
- 30%
- Due date
End of Semester Exam Period
7/06/2025 - 21/06/2025
- Other conditions
- Time limited.
Task description
The final exam is centrally administrated. Its format and coverage will be provided on Blackboard during the semester.
This assessment task is to be completed in-person. The use of generative Artificial Intelligence (AI) tools will not be permitted. Any attempted use of Generative AI may constitute student misconduct under the Student Code of Conduct.
Exam details
| Planning time | 10 minutes |
|---|---|
| Duration | 120 minutes |
| Calculator options | (In person) Casio FX82 series only or UQ approved and labelled calculator |
| Open/closed book | Closed Book examination - specified written materials permitted |
| Materials | One A4 sheet of handwritten notes , single sided, is permitted |
| Exam platform | Paper based |
| Invigilation | Invigilated in person |
Submission guidelines
Deferral or extension
You may be able to defer this exam.
Please refer to the UQ's "Deferring an exam" website for the details.
Course grading
Full criteria for each grade is available in the Assessment Procedure.
| Grade | Cut off Percent | Description |
|---|---|---|
| 1 (Low Fail) | 0% - 29% |
Absence of evidence of achievement of course learning outcomes. |
| 2 (Fail) | 30% - 46% |
Minimal evidence of achievement of course learning outcomes. |
| 3 (Marginal Fail) | 47% - 49% |
Demonstrated evidence of developing achievement of course learning outcomes |
| 4 (Pass) | 50% - 64% |
Demonstrated evidence of functional achievement of course learning outcomes. |
| 5 (Credit) | 65% - 74% |
Demonstrated evidence of proficient achievement of course learning outcomes. |
| 6 (Distinction) | 75% - 84% |
Demonstrated evidence of advanced achievement of course learning outcomes. |
| 7 (High Distinction) | 85% - 100% |
Demonstrated evidence of exceptional achievement of course learning outcomes. |
Additional course grading information
A student’s final overall end of semester percentage mark will be rounded to determine their final grade. For example, 64.5% rounds to 65%, while 64.4% rounds to 64%.
ﾠ
Supplementary assessment
Supplementary assessment is available for this course.
Additional assessment information
Key Points for Extension of Assessment Due Date (EADD) Requests:
- Requests must be made BY THE STUDENT and submitted via my.UQ. This applies even where a student has a Student Access Plan (SAP) in place.
- Requests must be submitted on or before the assessment item’s due date and time. Requests for extensions received after the due date and time must include evidence of the reason for the late request.
- Acceptable reasons for an extension include medical reasons, a current SAP, or other exceptional circumstances. Detailed information and the supporting documentation required must be attached to the EADD request.
- Unacceptable grounds for an extension include:
o misreading an assignment due date or time,
o computer or internet problems
o holiday arrangements
o unexpected events causing the loss of a few hours of study time close to the due date
o difficulty studying effectively or adjusting to the demands of university life
o visa or financial problems
o everyday levels of stress and/or anxiety associated with employment and/or studying
o ordinary family events or commitments
o dysfunctional group dynamics, poor performance by individual group members, or illness or other issues of a group member
Plagiarism
The School of Economics is committed to reducing the incidence of plagiarism. Further information on plagiarism and how to avoid an allegation of plagiarism is available in this course profile under Policies and Procedures. Please refer to the Academic Integrity Modules (AIM). It is strongly recommended that you complete the AIM if you have not already done so.
Learning resources
You'll need the following resources to successfully complete the course. We've indicated below if you need a personal copy of the reading materials or your own item.
Library resources
Find the required and recommended resources for this course on the UQ Library website.
Additional learning resources information
If you are using an earlier edition of the textbook, e.g. the 10th or 11th edition, you will need to find out what is missing from the 12th edition by reading the 'What's new in the 12th edition' and 'What's new in the 11th edition' documents on Blackboard > Learning Resources.
To gain maximum benefit from the course, students are expected to engage fully with the course. Developing an understanding of a field extends far beyond the lecture material. For example, keeping abreast of developments in the negotiations relating to Free Trade Agreements such as the Trans-Pacific Partnership and developments in global trade policies will ensure that you will gain a deeper understanding of international trade.
Learning activities
The learning activities for this course are outlined below. Learn more about the learning outcomes that apply to this course.
Filter activity type by
Please select
| Learning period | Activity type | Topic |
|---|---|---|
Multiple weeks From Week 1 To Week 2 |
Lecture |
Instruments of Trade Policy (online) |
Week 1 (24 Feb - 02 Mar) |
Workshop |
Introduction |
Week 2 (03 Mar - 09 Mar) |
Workshop |
Instrument of Trade Policy |
Week 3 (10 Mar - 16 Mar) |
Lecture |
Political Economy of Trade Policy (online) |
Workshop |
Political Economy of Trade Policy |
|
Week 4 (17 Mar - 23 Mar) |
Lecture |
Trade Policy and Controversies (online) |
Workshop |
Trade Policy and Controversies |
|
Week 5 (24 Mar - 30 Mar) |
Lecture |
Gravity Model (online) |
Workshop |
The Gravity Model |
|
Week 6 (31 Mar - 06 Apr) |
Lecture |
Ricardian Model (Part 1) (online) |
Workshop |
Ricardian Model (Part 1) |
|
Week 7 (07 Apr - 13 Apr) |
Lecture |
Ricardian Model (Part 2) (online) |
Workshop |
Ricardian Model (Part 2) |
|
Week 8 (14 Apr - 20 Apr) |
Lecture |
Heckscher-Ohlin Model (Part 1) (online) |
No student involvement (Breaks, information) |
Good Friday Public Holiday Friday, April 18th is the Good Friday Public Holiday. If your tutorial is scheduled for this day, please attend any of the other tutorials scheduled for the week. |
|
Workshop |
Heckscher-Ohlin Model (Part 1) |
|
Mid-sem break |
No student involvement (Breaks, information) |
Mid-semester Break |
Week 9 (28 Apr - 04 May) |
Lecture |
Heckscher-Ohlin Model (Part 2) (online) |
Workshop |
Heckscher-Ohlin Model (Part 2) |
|
Week 10 (05 May - 11 May) |
Lecture |
Standard Trade Model (online) |
Workshop |
Standard Trade Model |
|
Week 11 (12 May - 18 May) |
Lecture |
New Trade Theory (Part 1) (online) |
Workshop |
New Trade Theory (Part 1) |
|
Week 12 (19 May - 25 May) |
Lecture |
New Trade Theory (Part 2) (online) |
Workshop |
New Trade Theory (Part 2) |
|
Week 13 (26 May - 01 Jun) |
Workshop |
Revision |
Policies and procedures
University policies and procedures apply to all aspects of student life. As a UQ student, you must comply with University-wide and program-specific requirements, including the:
- Student Code of Conduct Policy
- Student Integrity and Misconduct Policy and Procedure
- Assessment Procedure
- Examinations Procedure
- Reasonable Adjustments - Students Policy and Procedure
Learn more about UQ policies on my.UQ and the Policy and Procedure Library.