EC33210 - INTERNATIONAL TRADE POLICY

Module Identifier

EC33210

Module Title

INTERNATIONAL TRADE POLICY

Academic Year

2004/2005

Co-ordinator

Mr Nicholas Perdikis

Semester

Semester 2

Pre-Requisite

(EC10120 and EC10320) or (EC10510 and EC10610)

Course delivery

Lecture

18 Hours

Debate

2 Hours

Assessment

Assessment Type	Assessment Length/Details	Proportion
Semester Exam	1.5 Hours	100%
Supplementary Exam	1.5 Hours	100%

Learning outcomes

On successful completion of this module students should be able to:
Have an understanding of:

the arguments for and against free trade;
have an understanding of the institutions and policies that shape trade;
the impact of the various measures used to protect economies;
the reasons for the establishment of economic blocs and their potential effect on world trade.

Aims

The overall aim of the course is to provide students with a thorough understanding of trade policy issues. In particular the theoretical underpinning of trade policy will be explored as will the political economy of trade policy. International institutions such as the GATT and WTO will be examined as well as the various types of trade restrictions. The implications of the Uruguay round of trade negotiations will be discussed. The trend towards 'regionalism' in the world economy and its implications for world trade will also be examined.

Brief description

The overall aim of the module is to provide students with a thorough and critical understanding of trade policy issues. In particular the theoretical underpinning of trade policy will be explored as will the political economy of trade policy. International institutions such as GATT and WTO will be examined as well as the various types of trade restrictions. The implications of "environmental" and "social" issues on trade will be discussed. The trend towards 'regionalism' in the world economy and its implications for world trade will also be examined.

Content

Introduction
Globalisation
The case for free trade
Instruments and consequences of protection
Arguments for protection
Political economy of protection
The WTO
Regionalism

Transferable skills

More specifically by taking this module students will enhance several transferable skills. Attendance at lectures should help note taking. Essay writing will enhance writing as well as time management skills and problem solving. The debates should also enhance teamwork, communiction and presentational skills and reinforce further time management skills. The inclusion of web sites and encouragement to use the library fully should help to enhance basic IT and research skills.

Reading Lists

Books
D R Appleyard and J F Field International Economics, 4th edition. McGraw Hill
J M Nielsen, E S Madsen and K Pedersen International Economics, 7th edition. McGraw Hill
B Ingham Interntional Economics: A European Focus, FT Prentice-Hall

Notes

This module is at CQFW Level 6