Module Details

EC246-5-AU-CO: International Trade Institutions And Policy

Year: 2016/17
Department: Economics
Essex credit: 15
ECTS credit: 7.5
Available to Study Abroad / Exchange Students: Yes
Full Year Module Available to Study Abroad / Exchange Students for a Single Term: No
Outside Option: Yes
Pre-requisites: (EC111 or EC100)
Co-requisites:

Staff
Supervisor: Dr Shilan Dargahi
Teaching Staff: Dr Shilan Dargahi
Contact details: For further information, send an email message to ueco@essex.ac.uk.

Module is taught during the following terms
Autumn Spring Summer

Module Description

This course studies the world trading system and the most important international institutions involved in the control of international trade. It considers their organisational structure, their powers and objectives and the impact of their activities on member countries - and others. It focuses on the period since the Second World War. The institutions considered are the GATT, the UNCTAD and, in much more detail, the WTO. The course will also discuss recent controversies over the activities of these organisations as well as aspects related to the applied analysis of trade data, policies and negotiations.

Upon successful completion of the course, students will have obtained an insight into some of the most important issues of international trade policy, and of the role of the main international agencies involved in their resolution. On completion of the course students will have deepened their understanding of the world economy. They will also have improved their written communication skills in preparing the term paper for the course.

Learning and Teaching Methods

2 lectures per week in one term.

Assessment

Whichever is the Greater: EITHER 50 per cent Coursework Mark, 50 per cent Exam Mark OR 100 per cent Exam Mark

Coursework

Term paper maximum word limit: 3,000 words. Feedback for this module will occur through class meetings where we will go over the answers to problem sets and where you will be able to ask questions about your own method of solution; answers that will be posted on the website for the module that will give you written guidance on the appropriate method to approach the problems, assignments, and tests; and office hours where any additional questions can be addressed. You should be sure that you use these methods to understand how to improve your own performance. For modules including a term paper, the term paper will be returned with individualised feedback that addresses what the marking criteria are and how you could improve your own work.

Exam Duration and Period

2:00 during Summer Examination period.

Other information

This course should develop students analytical skills and their ability to find and synthesise information from a variety of print and online resources. It will also provide a basic understanding of how the global trading system works and how political decisions regarding its functioning are made.

Bibliography

  • R. Caves, J. Frankel and R. Jones, World Trade and Payments: An Introduction (9 ed.), Addison-Wesley, 2002.
  • B. Hoekman and M. Kostecki, The Political Economy of the World Trading System: The WTO and Beyond (2 ed.), Oxford University Press, 2001.

Further information