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HOLMES INSTITUTE

FACULTY OF

HIGHER EDUCATION

HOLMES INSTITUTE

FACULTY OF HIGHER EDUCATION

POSTGRADUATE PROGRAM

SUBJECT OUTLINE

HI5016 International Trade and Enterprise

Melbourne / Sydney/Brisbane/

Hong Kong

TRIMESTER 3 / 2017

Holmes Institute is committed to providing the highest quality education in a
dynamic, student-centred learning environment. Holmes Institute fosters in its
students rational thought, intellectual integrity and social responsibility.

www.holmes.edu.au/highereducation

Hong Kong

Brisbane

Sydney

Melbourne

http://www.holmes.edu.au/highereducation

http://www.holmes.edu.au/highereducation

FACULTY OF HIGHER EDUCATION

Holmes Institute Faculty of Higher Education offers business courses that combine discipline-based excellence with practical

applications. The faculty operates on campuses in Melbourne, Sydney, Brisbane and Hong Kong.

The faculty offers a Bachelor of Business, a Bachelor of Professional Accounting, a Master of Professional Accounting, a

Master of Business Administration and a Graduate Diploma in Business.

Details about the members of the faculty can be found on the faculty’s home page at www.holmes.edu.au

HOLMES INSTITUTE POSTGRADUATE PROGRAMS

At Holmes Institute, the Master of Business Administration and Master of Professional Accounting programs offer domestic

and international students the opportunity to study a set of contemporary subjects in the field of business. These subjects

prepare students for the challenges in business environments of the 21st century. These programs emphasize the global

and cross-cultural dimensions of business. Teaching utilizes a combination of delivery methods and includes critical analysis

and case study methods. A combination of exams, case studies and company analysis are used in assessment.

The Masters programs of Holmes Institute focus on:

• Developing career related capabilities

• Business numeracy and literacy

• Developing managerial proficiency

• Working in the new economy

• Leadership skills

• Entrepreneurship

• Social responsibility and ethics

SUBJECT OVERVIEW

Welcome from the Subject Coordinator

Welcome to HI5016 International Trade and Enterprise. In this course, students will be introduced to many of the important

topics which include International economics, Trade amongst different countries, Trade surpluses and deficits, Banking and

currencies crisis in open economies, Tariffs and import duties, Tax benefits and subsidies, Allocation of resources and

competitive advantage of different countries.

After going through these topics and working on some real life case studies with some current research, students would be

able to appreciate more about these important areas of International trade and economics and government policies on this.

SUBJECT RATIONALE & OBJECTIVES

This subject provides students with the skills necessary to understand and analyse some of the contemporary international

macroeconomic issues concerning trade and international enterprise. This subject covers theories of trade including the

Ricardian and Heckscher-Ohlin models in the context of international trade theory and international economic policy. It

provides a review of international trade theories and examines the various policy implications of international trade. The

major international trade models and the motivations for international trade are discussed. Trade instruments like tariffs,

quotas and subsidies and their impact on welfare are also discussed in the context of the role and influence of international

trading bodies and organizations.

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SUBJECT OBJECTIVES

On completion of this subject, students will have:

• An understanding of the theory and practices relevant to trade and international enterprise;
• An understanding of the main international trade models and the motivations for international trade;
• An understanding of the impact of trade on economies and knowledge of welfare, growth and resource
implications;
• An understanding of the causes and consequence of government interventions in international trade;
• An understanding of the main instruments governing international trade and their consequences.

STUDENT LEARNING OUTCOMES

Learning Outcomes

1. History of economics and understanding of globalization and balance of payments

2. An understanding of principle of comparative advantage and its useful in
international trade

3. An understanding of standard trade model and various market structures in different
industries.

4. A well- developed understanding of international factor movements, The
instruments of trade policy, from GATT to WTO and controversies in trade policy

SUBJECT ADMINISTRATION

Awards Duration Core/Elective Subject weight Campus

MBA, Grad Dip 1 semester Core 3 credit points Melb / Syd/BNE/GC

Mode of delivery On campus

Prerequisites Nil

Workload Students are expected to attend all classes

Delivery A weekly three hour class including two hrs lecture and one hr tutorial

Independent study 6 hrs per week

STUDENT ASSESSMENT
The assessment structure has been designed to give participants an opportunity to develop and demonstrate

both individual ability as well as teamwork. A summary of the assessable items is provided in the table:

Assessment Weight Due Date
Learning

outcomes

1. Research Paper 1

3000 Words

15%

10%

Report & Presentation:

Week7 (From Topics

Week1 to Week6)

1 to 3

2. Research Paper 2

3000 Words

15%
10%
Report & Presentation:

Week12 (From Topics

Week7 to Week11)

2 to 4

3. Final Exam 50% Examination Period 1 to 4

ASSESSMENT POLICY

To be eligible to pass this subject, students must complete all forms of assessment and demonstrate achievement of the

learning outcomes. All assignments must be submitted electronically using a word processor, uploaded to Blackboard via

SafeAssign. You must print and attach the full SafeAssign report with the Holmes Institute Cover Sheet to the printed

assignment (hard copy).

The assignment cover sheet must include the student’s/students’ name/s, HI Student ID/s, subject code and subject name,

subject lecturer’s name, assignment due date and time of submission. All hard copies must be placed in the Assignment Box

in the Resource Centre during opening hours.

Submission deadlines are strictly enforced and late submissions incur penalties unless an extension and/or special

consideration has been granted by the Subject Coordinator. No assessments are accepted after 14 calendar days of the due

date. Students are requested to familiarize themselves with the Holmes Institute Assessment Policy at:

www.holmes.edu.au/highereducation/assessment.

STANDARD GRADING SYSTEM AND DISTRIBUTION

GRADE LETTER RANGE

High Distinction HD 80% and above

Distinction D 70 – 79%

Credit CR 60 – 69%

Pass P 50 – 59%

Fail NN
0-45% (did not meet the standard required according
to the learning outcomes in the Subject Guide )

Faculty Pass* FP 46 – 49% (awarded by Board of Examiners)

Supplementary Exam Granted (a
temporary grade)

NS Supplementary examination granted

Deferred Exam (a temporary grade) ND Officially Deferred examination

Fail NA
Student did not submit any work according to the
schedule in the Subject Guide

Result Withheld RW Additional assessment and/or work required

Result Withheld WH
Outstanding fees or non-return of Holmes Institute
materials

* This grade is sometimes referred to as a conceded pass at other institutions

VIEWING STUDENT GRADES

Results including the final grade can be viewed via the Grade Centre on Blackboard. Results for all assessments are

published within two weeks of the due date of the assessment and the final examination. Students who wish to

appeal their mark for a specific assessment are advised to follow the procedures outlined at www.holmes.edu.au

/highereducation/appeals

http://www.holmes.edu.au/highereducation/assessment

http://www.holmes.edu.au/highereducation/assessment

http://www.holmes.edu.au/highereducation/assessment

http://www.holmes.edu.au/highereducation/assessment

PLAGIARISM AND ACADEMIC MISCONDUCT

Holmes Institute views all forms of academic misconduct as most serious offences. Academic misconduct in any form

during an examination is not tolerated and will be dealt with according to the policies and procedures set out in the

Holmes Institute Student Handbook (see www.holmes.edu.au/highereducation/handbook).

Plagiarism occurs when one uses another person’s ideas or manner of expressing them and passes them off as

one’s own work by failing to give appropriate acknowledgement (that is, referencing the source). Any instances of

plagiarism will be dealt with promptly (see www.holmes.edu.au/highereducation/handbook).

It is important that students reference their work appropriately. The Faculty of Higher Education at Holmes

Institute uses the APA (American Psychological Association) style of referencing. A detailed guide to referencing can

be found in the Student Handbook. It is expected that you will be familiar with the APA style of referencing.

USE OF BLACKBOARD

Holmes Institute uses Blackboard as its online teaching platform and all students enrolled have access to Blackboard

to access their lecture material, grades, important announcements on their subjects and discussion rooms for

selected subjects.

Please note that it is the student’s responsibility to check Blackboard on a regular basis. It is expected that students

will have viewed lecture materials and additional readings before class. All students are advised to familiarize

themselves with the use of Blackboard. Guides to Blackboard are available in the Resource Centre on each campus

(see www.holmes.edu.au/highereducation/blackboard). Should you have difficulties accessing and/or using

Blackboard, please contact your lecturer or the Holmes Institute Blackboard Helpdesk on:

bbhelpdesk@holmes.edu.au.

USE OF RESOURCE CENTER AND PROQUEST

For most subjects, students are expected to engage in additional research. Textbooks and teaching materials

available in the Resource Centre will be of use here. In addition, current students have access to a range of electronic

academic journals via Proquest, which is accessible once you log into Blackboard.

Should you require any assistance with the use of Proquest and/or online research, please contact your lecturer

and/or the Resource Centre staff on your campus.

STUDY SKILLS & ACADEMIC SUPPORT
Students who have difficulties with their studies and/or specific forms of assessment should visit online Study Skills

on www.holmes.edu.au/highereducation/studyskills. Holmes Institute also offers regular Academic Support, which

is free for any student enrolled. See details on www.holmes.edu.au/highereducation/academicsupport.

DETAILED INFORMATION ON SUBJECT ASSESSMENTS
Research Paper 1: Assessment criteria

ASSESSMENT

Weighting:

Length

/Limit:

25% Due: Week6
Maximum of 10 pages or 3000 Words and 15 minutes presentation
This is a group assignment with presentation
Groups of 2 or 3 choose any One topic out of first six weeks lectures
and research the topic in more depth and present your paper with
written report and presentation.
For example if you choose a topic on Globalization, you need to do
research on this topic and write a report which will analyse how
Globalization is affecting the countries and companies in their
pursuit of market expansion or market share or profitability. You
need to elaborate on both sides of the arguments as which
countries/industries and winning and which countries/industries are
losing or have not enjoyed the benefits of Globalization.

http://www.holmes.edu.au/highereducation/handbooks

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http://www.holmes.edu.au/highereducation/handbooks

http://www.holmes.edu.au/highereducation/handbooks

http://www.holmes.edu.au/highereducation/handbooks

http://www.holmes.edu.au/highereducation/handbooks

http://www.holmes.edu.au/highereducation/blackboard

http://www.holmes.edu.au/highereducation/blackboard

http://www.holmes.edu.au/highereducation/studyskillss

http://www.holmes.edu.au/highereducation/studyskillss

http://www.holmes.edu.au/highereducation/academicsupport

http://www.holmes.edu.au/highereducation/academicsupport

You need to research at least 5 to 10 sources /articles for your
paper. Simply cut and paste from Google is not acceptable.
Academic research is the key to get good marks with proper
references. (APA style or Harvard Business)
To make sure that we have papers on variety of topics in the
subject: policy of ‘first-come, first-served basis” is followed. That
means you need to come and register your topic ASAP with your
lecturer so that no other group can take your topic for this paper.
You will deliver the findings of your research topic in week 6
Written Report
Presentation

15
10

Total 25

Research Paper 2: Assessment criteria

ASSESSMENT
Weighting:
Length
/Limit:

25% Due: Week12
Maximum of 10 pages or 3000 Words and 15 minutes presentation
Groups of 2 or 3 choose any One topic out of Last Five weeks lectures
(Week 7 to Week 11) and research the topic in more depth and
present your paper with written report and presentation.
For example if you choose a topic on Trade Policy you need to do
research on this topic and write a report which will analyse
how Trade policies are affecting the countries and companies
in their pursuit of market expansion or market share or profitability.
You need to elaborate on both sides of the arguments as which
countries/industries and winning and which countries/industries
are losing or have not enjoyed the benefits of particular.
Trade policy of a country or group of countries.
You need to research at least 5 to 10 sources /articles for your
paper. Simply cut and paste from Google is not acceptable.
Academic research is the key to get good marks with proper
references. (APA style or Harvard Business)
To make sure that we have papers on variety of topics in the
subject: policy of ‘first-come, first-served basis” is followed. That
means you need to come and register your topic ASAP with
your lecturer so that no other group can take your topic for this
paper.
You will deliver the findings of your research topic in Week12

Written Report
Presentation

15
10
Total 25

The Research Papers (25%) each
Each student will nominate a topic and deliver a fifteen minute live presentation (worth 10%) of their research on
that topic.
Following the delivery of the presentation, the topic will be written up as a seminar report (worth 15%) and submitted
to your lecturer within a week of the live presentation. You may incorporate ideas generated in the live presentation.
If a live presentation is below standard a time extension may be granted to allow for improving the quality of the
written report.

Organisation of the research report – a key ingredient to writing a successful essay involves the planning or organising
stage. Organising can help you to sort out your ideas and to present your essay in the order that communicates best
to your readers. Organisation is the procedure of constructing an outline that acts as a plan for your writing task. An
outline forces you to think before you write.

Your essay is to be structured and written as a business report.

It, therefore, must begin with a Management (or Executive) Summary within which you state in stark form (i.e.
unsupported by argument) what you are asserting in this report and you must do that in less than two pages. You
can begin the main body of the report with some general background followed by a description and discussion of
significance of the specific issues considered. This introduction will normally end with a brief paragraph outlining
the plan of the rest of the essay. The next section which could be divided into 2-4 sub-sections if necessary
contains an in-depth discussion of the relevant issues based on the existing literature and/or data. You must
provide in-text references to your sources.
The last section contains a brief summary followed by a complete list of references that are cited in the text of

the essay. Follow a standard referencing method consistently.

Suggested limits are as follows:

 Executive Summary: ideally one page but no more than two.
 Sections 1: Introduction 400-600 words,
 Section 2: Main body of the essay 2,000-2,500 words,
 Sections 3: Conclusions 100-300 words,
 References (5-15 references).

3. Final Examination Assessment criteria

Weighting: 50%

Length: 2 hours and 10 minutes

The final examination will be drawn from the material presented in
lectures. More detail will be provided during the trimester.

The exam is scheduled during the regular examination period. THIS IS A

CLOSED BOOK EXAM.

TBA

TOTAL 50

Assessment criteria
The following is a guide to the type of work that is expected at each letter grade level:

HD Outstanding work which exhibits sophisticated understanding and critical synthesis, analysis and evaluation

of the subject matter. While the work utilizes opinions of others, judgements about the value of the subject

matter are made and drawn together in an organized whole. Gaps in the subject matter might also be identified

and the implications discussed.
D Substantial work of high quality, which demonstrates a clear understanding of the subject matter, in which the

relationship between the constituent elements are identified clearly and discussed with some level of critical

analysis. The work also applies abstract ideas in concrete situations.

CR Sound and competent work, which demonstrates a reasonable but not complete grasp of the subject matter.

The work utilizes recall and paraphrases the work of others concerning the subject matter. Some basic level of

critical analysis is evident. Originality in the work is rarely evident.

P Work that demonstrates a satisfactory engagement with the subject matter such that the student is said to have

a general understanding of the field. Provides an adequate basis for further study.

NN Did not meet the learning objective of the subject.

SUBJECT RESOURCES

Prescribed Textbook: (Subject to availability)
Krugman P and Obstfeld, M (2014) International Economics: Theory & Policy 10th Ed, Addison Wesley, New York
ISBN-13: 978-0133423648

References
Bagwell, K. and Staiger, R. (2002) The Economics of the World Advanced Trading System, MIT Press, Cambridge.
ISBN-13: 9780262524346
Yarbrough, B.V. and Yarbrough, R.M. (2005) The World Economy: International Trade, 7th ed., Thomson-South Western. ISBN-
13: 978-0324315417
Stiglitz, J. (2002) Globalization and Its Discontents, Penguin, London. ISBN-13: 978-0393324396
World Bank. www.worldbank.org

Please note that additional recommended readings may be supplied by the lecturer in class or/and via Blackboard.

LECTURE SCHEDULE/SYLLABUS

Week Topic Chapter Assessment

1 Introduction to International Economics 1

2 World Trade: An Overview 2

3 Productivity and comparative advantage: Ricardian model 3

4 Resources and trade: Heckscher-Ohlin model 5

5 Standard trade model 6

6 Economies of scale, imperfect competition and international trade 7

7 International factor movements
Lecture

Notes

8 The instruments of trade policy 9

9 GATT to WTO: a review 10

10 Trade policy in newly industrialized countries 11

11 Controversies in trade policy 12

12
Presentations and final review of the subject Pres 2

Rep 2

* Note: Students must consult the Academic Calendar for the dates of the Study and Examination Week in the

trimester.

http://www.worldbank.org/

http://www.worldbank.org/

STUDENT ASSISTANCE

Studying in higher education presents many experiences and challenges. These might involve academic, personal

and/or professional issues. At Holmes Institute, we have a range of people who can help you with various

challenges. The following table identifies contact points should you require any support.

SUPPORT REQUIRED WHO TO CONTACT

Information for Current Students Holmes Institute Student Handbook:

Academic Probation / Mentoring Academic Mentors, Associate Dean

Accommodation Holmes Institute Home Stay

Computers, Blackboard, Email IT Help Desk

Disability Needs Holmes Institute Campus Directors

Employment and Careers Career Development

Team

Enrolment Higher Education Coordinator

Exams Higher Education Coordinator

Financial Issues Holmes Institute Campus Directors

Personal Issues National Higher Education Program Manager, Mentoring

Team

Proquest Database Librarian on each Campus

Study Skills Holmes Institute Academic Support & Study Skills Team

Visa Issues, COEs etc. Higher Education Coordinator

This subject outline was prepared by the Course Development Team, Faculty of Higher Education, Holmes

Institute. It was correct at the time of publication. Change to the Subject Outline may occur at any time.

However, the Faculty of Higher Education endeavours to inform the students accordingly. This publication is

copyright. Apart from any fair dealing for the purpose of private study, research, criticism, or review as permitted

under the Copyright Act, no part may be reproduced by any process or placed in computer memory without

written permission. Enquires should be made to Holmes Institute Faculty of Higher Education. © Copyright 2010.

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