Faculty of Business and Management Sciences · Economics (English) · Undergraduate
Course Objective
This course provides a multidimensional introduction to international trade policy. Its purpose is to provide students with an understanding of international trade economics, rules, politics and institutions, and the major policy issues and challenges facing the global trading system.
Course Content
The course begins with an exploration of the rationales for free trade & protection, the distributional consequences of trade, the impact of trade on employment and growth and the challenges presented by deeper international economic integration. The course then considers the World Trade Organization (WTO). It explores negotiation mechanisms and principles, the rules relating to market access, services, agriculture, trade-related intellectual property (TRIPs), fair trade, safeguards and the system for dispute settlement and retaliation. The final section considers major issues facing the trading system.
Course Learning Outcomes
- Students will be able to explain the fundamental concepts and theories of international trade policies.
- Students will be able to analyze the impact of trade policies on economic growth, employment, and welfare.
- Students will be able to evaluate international trade agreements and the role of global organizations such as the World Trade Organization.
- Students will be able to understand how trade policies are formulated and implemented at both national and global levels.