| Module Code: MANM013 |
Module Title: INTERNATIONAL TRADE |
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Module Provider: School of Management
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Short Name: M018
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Level: M
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Module Co-ordinator: CAIRO RE Dr (SoM)
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Number of credits: 15
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Number of ECTS credits: 7.5
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| Module Availability |
| Spring |
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| Assessment Pattern |
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Unit(s) of Assessment
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Weighting Towards Module Mark (%)
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Unseen Examination
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95
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Seminar Attendace
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5
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| Module Overview |
The module adopts a practical orientation by placing actual trade issues in an international political economy framework. |
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| Prerequisites/Co-requisites |
None |
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| Module Aims |
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Within the aims of this module students will:
&Û Obtain familiarity with and knowledge of various aspects of International Trade;
&Û Be able to place practical issues of International Trade in a theoretical context by means of the main ideologies within the field of international political economy (IPE);
&Û Be introduced to actors in the international arena including international political organisations, international financial organisations and international trading blocs;
&Û Become aware of the role of states in international trade as well as the instruments states have at their disposal to influence trade;
&Û Be introduced to the developed versus developing countries’ issues of international trade;
&Û Learn the theoretical ideologies that underpin International Trade;
&Û Gain knowledge related to the European Union’s internal and external trade relations and assess the EU's and other regional trading blocs' relation to Multilateralism in trade;
&Û Develop a sound understanding of the role and workings of the WTO, the legacy of the GATT and a number of issue areas (including agriculture, trade in services, trade and labour laws and trade and the environment, intellectual property rights).
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| Learning Outcomes |
Learning outcomes are categorised as:
Knowledge and/or Understanding (K/U)
Intellectual and/or Cognitive skills (I/C)
Practical and/or Professional skills (P/P)
Transferable skills (T)
# Type Outcome on successful completion of the module
1 K/U; P/P Knowledge on various aspects of International Trade
2 I/C; P/P Ability to assess International Trade from various angles
3 K/U; P/P Familiarity with a number of actors in the international arena
4 K/U; P/P Deep understanding of the EU's internal and external trade policy
5 K/U; T Awareness of the role of states in International Trade
6 K/U; T Awareness of developed versus developing countries’ issues
7 I/C; T Placing International Trade in an ideological context
8 K/U; P/P; T Knowledge and understanding of aspects relating to tension between regional trading blocs and Multilateralism
9 K/U; P/P; T Knowledge of role and workings of the WTO
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| Module Content |
The module consists of three pillars:
1) The main ideologies in international trade from an IPE perspective and actors in international trade, most notably nation-states featuring their role and instruments to influence trade.
2) The post world war international trade regime: GATT and the WTO: principals, challenges and the main issues of contemporary international trade, including trade in services, intellectual property rights, agriculture, trade and labour, trade and the environments, the Singapore issues, potentially excessive legalism.
3) The EU, its internal and external trade policy, other regional trading blocs (RTBs) including NAFTA and the tension between RTBs and Multilateralism. |
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| Methods of Teaching/Learning |
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The teaching and learning strategy is designed with the aim to provide students with the necessary tools to familiarise themselves with as well as understand and evaluate the forces that play a role in the field of international trade. Rather than a pedominantly theoretical economic approach the strategy feeds into approaching the field from a more practice oriented IPE approach.
The teaching and learning methods to support the aforementioned strategy are woven into lectures and obligatory seminars. The latter are to support the former and in those seminars specific topics from the lectures will be highlighted and addressed in a manner that will allow for a better opportunity to engage the students in discussions on such matters. For this purpose students are required to attend to seminars and are expected to do some essential and specific reading before entering the individual seminars.In order to assure widespread attendance, students’ present will be recorded and for the basis for 5% of the mark. Full attendance will correspond with full marks (100%) for this 5% component; less than 100% attendance will lead to a corresponding decrease of the mark for the 5% component.
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| Selected Texts/Journals |
Expected purchase:
Hocking, Brian and McGuire, Steven eds. (2004). Trade Politics. Oxon: Routledge.
Sally, Razeen. (2003). Whither the WTO? A Progress Report on the
Doha Round. Trade Policy Analysis, 3 March 2003, # 23, Cato Institute. FREE download
Recommended reading:
Oatley, Thomas. (2007). International Political Economy: Interests and Institutions in the Global Economy. New York: Pearson Higher Education.
Gilpin, Robert. (2001). Global Political Economy: Understanding the International Economic Order. Princeton, New Jersey: Princeton University Press.
Kelly, Dominic and Grant, Wyn eds. (2005). The Politics of International Trade in the Twenty-First Century: Actors, Issues and Regional Dynamics. New York: Palgrave MacMillan.
Balaam, David and Veseth, Michael. (2007). Introduction to International Political Economy. New York: Pearson Higher Education.
Goddard, C. Roe; Cronin, Patrick and Dash, Kishore C, eds. (2003). International Political Economy: State-Market Relations in a Changing Global Order. Boulder, CO: Lynne Rienner Publishers.
Alasdair R. Young. (2004), “The incidental fortress: the Single European Market and world trade”, Journal of Common Market Studies vol. 42, issue 2 pp 393-414.
Stijn Billiet. (2006), “From GATT to the WTO: the Internal struggle for external competences in the EU”, Journal of Common Market Studies vol. 44, issue 5 pp 899-919.
Lawrence, Robert Z. (1991), "Emerging Regional Arrangements: Building Blocs or Stumbling Blocks?" in O’Brien, ed. Finance and the International Economy 5: The AMEX Bank Review Prize Essays, New York: Oxford University Press pp 23–35.
King, Philip and King, Sharmila. (2005). International Economics and International Economic Policy. New York: McGraw-Hill Irwin
Additional Reading:
Stiglitz, Joseph E. and Charlton, Andrew. (2005). Fair trade for all: how trade can promote development. New York: Oxford University Press.
Gilpin, Robert. (1987). The Political Economy of International Relations. Princeton, New Jersey: Princeton University Press.
United Nations Conference on Trade and Development. (2008). Trade and Development Report. New York: United Nations Publications.
Evenett, Simon J. and Hoekman, Bernard M. (2006). Economic Development & Multilateral Trade Cooperation. New York: Palgrave MacMillan.
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| Last Updated |
03/03/2011 |
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