Dr X-G Zhang. 316-201 Intermediate Macro-economics and 316-202 Intermediate Micro-economics. Second semester An average of three hours a week of seminars/lectures/tutorials. On completion of this subject students should be able to:

• extend their knowledge of international economics via the independent study of books and articles dealing with theory and policy in this area and by taking advanced subjects dealing with these matters;
• understand the determinants oand the sources of any potentail gains from trade flows;
• understand the impact of trade and commercial policies on the structure and performance of the Australian economy;
• critically evaluate contemporary policy debates in the areas of protection, the balance of payments and foreign ownership.

The theory of international economics including the theory of comparative advantage, tariffs, capital movements, balance-of-payment adjustments and exchange rates. The theory is related to current issues in international economics including trade policies, balance of payment adjustments and other current problems of the world economy. A 2-hour examination. Appleyard D R and Field A J, International Economics Irwin This subject is one of the four subjects which students proceeding to an honours degree in economics are required to take in either the third or fourth year of their course, and has been designed accordingly. There are, however, no restrictions on entry to this subject, and all third-year economics students are welcome to enrol.