ECON 742 : Trade Policy

Business and Economics

2021 Semester Two (1215) (15 POINTS)

Course Prescription

Economic analysis of current trade policy issues, with an emphasis on the theoretical, empirical and policy dimensions of international trade negotiations in the WTO, and the spread of preferential trading arrangements such as free trade areas.

Course Overview

The goal of the course is to provide students with a detailed understanding of the key developments and policy issues in modern international trade, drawing both on the standard paradigm of the economics of international trade and modern challenges to that paradigm such as those posed by the “backlash against globalisation”, the recent upsurge of protectionism, trade wars, and increasing environmental concerns especially over climate change.
Among key developments in international trade to be addressed will be the spread of global value chains (GVCs) and production networks, the increasing importance of trade in services, the impact and implications for trade of the rise of the digital economy and digital trade, and the trade/investment nexus.
The course will address issues and challenges related both to the system of multilateral trade rules developed through the GATT and WTO, and to the spread of preferential trade agreements such as free trade areas, including Asia-Pacific developments (TPP/CPTPP, RCEP, FTAAP, and others), examples of deeper integration such as the European Union and the economic relationship between Australia and New Zealand, and the recent emergence of “issue-centric” plurilateral initiatives.

Course Requirements

No pre-requisites or restrictions

Capabilities Developed in this Course

Capability 1: Disciplinary Knowledge and Practice
Capability 2: Critical Thinking
Capability 4: Communication and Engagement
Capability 5: Independence and Integrity
Capability 6: Social and Environmental Responsibilities

Learning Outcomes

By the end of this course, students will be able to:
  1. Understand the main features of modern international trade, with emphasis on policy implications of key developments, including the spread of global value chains and production networks, the increasing importance of trade in services, the rise of the digital economy and digital trade, and the key role in modern trade of the trade/investment nexus. (Capability 1 and 2)
  2. Use basic analytical frameworks and empirical evidence to analyse trade policy issues, including the effects of various types of trade intervention, multilateral and preferential approaches to trade agreements, and current controversies in international trade, including trade wars and the recent surge of protectionism, state trading, various types of subsidy, technology transfer and the role of intellectual property protection in international trade, and the impact of trade policy on supplies of essential medicines. (Capability 1 and 2)
  3. Understand and analyse key issues and problems related both to the system of multilateral trade rules developed through the GATT and WTO, and to the spread of preferential trade agreements such as free trade areas, including Asia Pacific developments (TPP/CPTPP, RCEP, and others) and new plurilateral initiatives, as well as examples of deeper integration such as the European Union (including the policy issues involved in Brexit) and the economic relationship between Australia and New Zealand. (Capability 1 and 2)
  4. Explore and analyse how trade is linked to the “backlash against globalisation” through its relationship to income inequality, employment and technology, how trade policy may link to policies to address climate change and environmental degradation. (Capability 1, 2 and 6)
  5. Locate relevant sources to develop detailed understanding of specific trade policy issues, and utilise these in collaborating with fellow students to produce clear and well-reasoned class presentations. (Capability 2, 4.1 and 4.3)
  6. Locate and assess multiple information sources to produce coherent and well-reasoned analysis of topics set for assignments (Capability 2, 4.2 and 5.1)

Assessments

Assessment Type Percentage Classification
Presentation(s) 25% Group Coursework
Essay 25% Individual Coursework
Final Exam 50% Individual Examination
Assessment Type Learning Outcome Addressed
1 2 3 4 5 6
Presentation(s)
Essay
Final Exam
Plussage does not apply.
A pass normally requires a combined score of 50% across all assessment tasks.
There is no minimum score required for individual assessment tasks.
Late essays will be accepted without penalty only where extensions have been sought and granted, based on an acceptable reason being provided. In other cases, late essays will be accepted but will incur a penalty of 10% per day of the mark otherwise awarded. 

Workload Expectations

This course is a standard [15] point course and students are expected to spend 10 hours per week involved in each 15 point course that they are enrolled in.

For this course, you can expect [3] hours of lectures, [2] hours of reading and thinking about the content and [5] hours of work on assignments and/or test preparation.

Delivery Mode

Campus Experience


Lectures will be available as recordings. Other learning activities will not be available as recordings.
The course will not]include live online events.
Attendance on campus is required for the exam].
The activities for the course are scheduled as a standard weekly timetable.

Learning Resources

There is no set textbook for this course. Detailed slides will be provided to accompany each lecture. There will be a set of readings for each presentation topic and more extensive readings for essay topics. Additional suggested references will also be occasionally provided in lectures. Availability will be indicated for each reference. In the majority of cases references will be available from the General Library in electronic form and in some cases in hard copy form as well. Wherever possible electronic copies will be provided via CANVAS. 

Student Feedback

At the end of every semester students will be invited to give feedback on the course and teaching through a tool called SET or Qualtrics. The lecturers and course co-ordinators will consider all feedback and respond with summaries and actions.

Your feedback helps teachers to improve the course and its delivery for future students.

Class Representatives in each class can take feedback to the department and faculty staff-student consultative committees.

Other Information

Relevant economic concepts and ideas, including the basic economic analysis of international trade, will be presented in a non-mathematical format. 
Suggestions for additional readings can be provided before and during the course for students needing to deepen their understanding of these ideas and concepts. 
Students with a limited background in economics should consult the lecturer prior to commencement of the course for advice on preparatory reading. 

Digital Resources

Course materials are made available in a learning and collaboration tool called Canvas which also includes reading lists and lecture recordings (where available).

Please remember that the recording of any class on a personal device requires the permission of the instructor.

Academic Integrity

The University of Auckland will not tolerate cheating, or assisting others to cheat, and views cheating in coursework as a serious academic offence. The work that a student submits for grading must be the student's own work, reflecting their learning. Where work from other sources is used, it must be properly acknowledged and referenced. This requirement also applies to sources on the internet. A student's assessed work may be reviewed against online source material using computerised detection mechanisms.

Inclusive Learning

All students are asked to discuss any impairment related requirements privately, face to face and/or in written form with the course coordinator, lecturer or tutor.

Student Disability Services also provides support for students with a wide range of impairments, both visible and invisible, to succeed and excel at the University. For more information and contact details, please visit the Student Disability Services’ website http://disability.auckland.ac.nz

Special Circumstances

If your ability to complete assessed coursework is affected by illness or other personal circumstances outside of your control, contact a member of teaching staff as soon as possible before the assessment is due.

If your personal circumstances significantly affect your performance, or preparation, for an exam or eligible written test, refer to the University’s aegrotat or compassionate consideration page https://www.auckland.ac.nz/en/students/academic-information/exams-and-final-results/during-exams/aegrotat-and-compassionate-consideration.html.

This should be done as soon as possible and no later than seven days after the affected test or exam date.

Learning Continuity

In the event of an unexpected disruption we undertake to maintain the continuity and standard of teaching and learning in all your courses throughout the year. If there are unexpected disruptions the University has contingency plans to ensure that access to your course continues and your assessment is fair, and not compromised. Some adjustments may need to be made in emergencies. You will be kept fully informed by your course co-ordinator, and if disruption occurs you should refer to the University Website for information about how to proceed.

Student Charter and Responsibilities

The Student Charter assumes and acknowledges that students are active participants in the learning process and that they have responsibilities to the institution and the international community of scholars. The University expects that students will act at all times in a way that demonstrates respect for the rights of other students and staff so that the learning environment is both safe and productive. For further information visit Student Charter https://www.auckland.ac.nz/en/students/forms-policies-and-guidelines/student-policies-and-guidelines/student-charter.html.

Disclaimer

Elements of this outline may be subject to change. The latest information about the course will be available for enrolled students in Canvas.

In this course you may be asked to submit your coursework assessments digitally. The University reserves the right to conduct scheduled tests and examinations for this course online or through the use of computers or other electronic devices. Where tests or examinations are conducted online remote invigilation arrangements may be used. The final decision on the completion mode for a test or examination, and remote invigilation arrangements where applicable, will be advised to students at least 10 days prior to the scheduled date of the assessment, or in the case of an examination when the examination timetable is published.

Published on 01/12/2020 12:30 p.m.