TRADE 5001 - International Trade: Strategies & Opportunities
North Terrace Campus - Semester 2 - 2015
General Course Information
Course Code TRADE 5001 Course International Trade: Strategies & Opportunities Coordinating Unit Institute for International Trade Term Semester 2 Level Postgraduate Coursework Location/s North Terrace Campus Units 3 Contact 3 x 1.5 day intensive modules Available for Study Abroad and Exchange Y Quota A quota of 70 applies Course Description International Trade: Strategies and Opportunities consists of three modules: Module I: New Opportunities in International Trade: WTO rules for regional trade agreements (RTAs) and RTA negotiating modalities and techniques; politics of trade negotiations; new opportunities resulting from APEC and major new RTAs including AANZFTA and the Trans-Pacific Partnership; understanding statistics and other trade information; and how RTAs and mutual recognition agreements affect the movement of people. Module II: Practical Aspects of International Trade: practical preparations for entering export markets; partnership possibilities in international trade; assistance in exporting. Module III: WTO's 'New Issues': with a focus on competition policy, trade and climate change issues; foreign direct investment and investment agreements and dispute settlement.
Course Coordinator: Mr Andrew Stoler
Name: Andrew Stoler Role: Course Coordinator Location: Level 6, Nexus 10 Telephone: +61 8 8313 6900 Email: email@example.com or firstname.lastname@example.org Name: Graeme Thomson Role: Expert lecturer and Associate Expert, IIT Location: Canberra Telephone: +61 2 6247 0947 Email: email@example.com Name: Geoff Upton Role: Expert lecturer and Associate Expert, IIT Location: Trade Focus (Adelaide) Telephone: +61 439 863 078 Email: firstname.lastname@example.org Name: Hannah Adams Role: Program Advisor Location: Level 1, Nexus 10 Telephone: +61 8 8313 1788 Email: email@example.com
The full timetable of all activities for this course can be accessed from Course Planner.
In 2015, the class will meet on the following dates at the times shown:
28 August Friday 2:00PM – 5:30PM Napier 208, Lecture Room
29 August Saturday 9:00AM – 5:30PM Napier 208, Lecture Room
18 September Friday 2:00PM – 5:30PM Napier 208, Lecture Room
19 September Saturday 9:00AM – 5:30PM Napier 208, Lecture Room
23 October Friday 2:00PM – 5:30PM Napier 208, Lecture Room
24 October Saturday 9:00AM – 5:30PM Napier 208, Lecture Room
Course Learning OutcomesThe International Trade: Strategies & Opportunities course aims to build internationally competitive knowledge and understanding in the area of international trade by challenging students to engage in cognitive and critical thinking skills; and requiring them to demonstrate the ability to analyse and integrate information across the broad disciplines of economics, law and politics in both a domestic and international context.
The course is designed to enable students to:
1 Understand the new opportunities in international trade through studying global supply chains, regional integration and the entrance of major Asian countries into the WTO (i.e. China, Chinese Taipei & Vietnam) 2 Understand the basic elements of regional trade integration by reviewing the main free trade agreements and from a sectoral aspect 3 Understand how the practical aspects of international trade including the entering of export markets, financing and export assistance, legal regulations and documentation as well as government controls such as quarantine and customs 4 Understand the “new issues” in international trade including investment, trade in services, competition policy and trade and climate change policies 5 Develop an understanding of how international trade agreements influence the development and adaptation of Australian trade policy through domestic legislation 6 Critically examine the operation and application of international trade agreements in a practical context 7 Develop effective skills, both orally and in writing, in the construction of policy argument and analysis on international trade issues 8 Develop effective skills in international trade research
University Graduate Attributes
This course will provide students with an opportunity to develop the Graduate Attribute(s) specified below:
University Graduate Attribute Course Learning Outcome(s) Knowledge and understanding of the content and techniques of a chosen discipline at advanced levels that are internationally recognised. 1, 2, 3, 4, 5, 6 The ability to locate, analyse, evaluate and synthesise information from a wide variety of sources in a planned and timely manner. 5, 6, 7 An ability to apply effective, creative and innovative solutions, both independently and cooperatively, to current and future problems. 6 Skills of a high order in interpersonal understanding, teamwork and communication. 6, 7 A proficiency in the appropriate use of contemporary technologies. 7 A commitment to continuous learning and the capacity to maintain intellectual curiosity throughout life. 1, 2, 3, 4, 5, 6, 7 A commitment to the highest standards of professional endeavour and the ability to take a leadership role in the community. 6 An awareness of ethical, social and cultural issues within a global context and their importance in the exercise of professional skills and responsibilities. 1
Required ResourcesModule I: New Opportunities in International Trade – Required Reading
- International Economics: Theory and Policy – Chapter 10
- Multinational Production Networks and the New Geo-Economic Division of Labour in the Pacific Rim Countries – (reader)
- Managing the Challenges of WTO Participation – Case Study: 27 Mauritius and Zambia – Regional Economic Cooperation
- Trade and Poverty Reduction in the Asia-Pacific Region – Case Studies 1.4 TNCs and Footwear Production in Indonesia; 1.6 Intel’s Investment in Vietnam; 4.1 Migrant Labour and Remittances in Bangladesh
- + Press Clippings to be distributed on My Uni ahead of class
- Australian Export: A Guide to Law and Practice Justin Malbon & Bernard Bishop 2006, Cambridge University Press ISBN 9780521613958 : 0521613957 - Chapters 3, 4 & 5
- International Business: Strategies, Management and the New Realities, Tamer Cavusgil ,Gary Knight and John Riesenberger, 2008 Pearson Prentice Hall, New Jersey, ISBN 0131738607 – Chapters 9, 12, 13 & 14
- Criminal Code Amendment (Bribery of Foreign Public Officials) Act 1999
- Appendix: Sample Outline for the Export Business Plan
- International Commercial Terms – INCOTERMS 2000
- The Political Economy of the World Trading System – The WTO and Beyond – Chapters 7, 8 & 13
- WTO Market Access: Unfinished Business – Post Uruguay Round Inventory and Issues – Pages 97-139
- Competition Law Insight - WTO decides its first competition case, with disappointing results
- Competition Policy and the Future of the Multilateral Trading System
- International Economics: Theory and Policy – Chapter 11
- Managing the Challenges of WTO Participation: 45 Case Studies – Case Studies: 4 (Barbados); and 39 (Sri Lanka)
- Telecommunications Services - Reference Paper
- Press Clippings – to be provided in advance on My Uni
- China and the World Trading System: Entering the New Millenium, D.Z. Cass et al (Eds), 2003, Cambridge University Press
- The Political Economy of the World Trading System – The WTO and Beyond, Bernard Hoekman and Michael Kostecki, 2001, Second Edition, Oxford, Oxford University Press
- Australian Export: A Guide to Law and Practice Justin Malbon & Bernard Bishop 2006, Cambridge University Press ISBN 9780521613958 : 0521613957
- International Business: Strategies, Management and the New Realities, Tamer Cavusgil ,Gary Knight and John Riesenberger, 2008 Pearson Prentice Hall, New Jersey, ISBN 0131738607
- Market Access: Unfinished Business – Post Uruguay Round Inventory and Issues, World Trade Organization, 2001, WTO, Geneva(Available from IIT Office)
- International Economics: Theory and Policy by Paul R. Krugman and Maurice Obstfeld, 2006, Seventh Edition, Boston, Addison Wesley
- Managing the Challenges of WTO Participation: 45 Case Studies, Peter Gallagher, Patrick Low, Andrew Stoler, Australia, Cambridge University Press (Available from IIT Office)
- Trade and Poverty Reduction in the Asia-Pacific Region, Andrew Stoler, Jim Redden, and Lee Ann Jackson, Cambridge University Press
Recommended ResourcesBooks Students Can Obtain for Free from www.dfat.gov.au/
AANZFTA – Guide to the Agreement: http://dfat.gov.au/trade/agreements/aanzfta/official-documents/Documents/aust_guide_whole.pdf
Trans-Pacific Partnership: http://dfat.gov.au/trade/agreements/tpp/Pages/trans-pacifici-partnership-agreement-tpp.aspx
Investment & OECD PFI: http://www.oecd.org/investment/pfi.htm
Competition Policy: http://www.oecd.org/competition/
Information Students Can Obtain for Free from:
Department of Foreign Affairs and Trade Overview and Key Outcomes of the AANZFTA www.dfat.gov.au/fta/aanzfta/aanzfta_overview_and_outcomes.html Trans-Pacific Partnership www.dfat.gov.au/fta/tpp/ Korea-Australia FTA Official Documents www.dfat.gov.au/fta/kafta/official-documents/index.html Trade and Economic Framework Between Australia and the People’s Republic of China Department of Foreign Affairs and Trade www.dfat.gov.au/geo/china/framework/economic_framework.html
Learning & Teaching Activities
Learning & Teaching ModesThe course will be presented by way of three (3) intensive one day and a half modules offered over Semester 2 of the academic year.
Teaching will be partly by way of lecture and partly on the basis of a discussion of written case studies. Please ensure you bring your materials to the classes, and use the classes to address any issues that have arisen in your preparation.
To successfully pass your course, you will need to allocate an appropriate time commitment to your study. In addition to the formal contact time required for each of your courses (e.g. intensive modules delivered by lectures, case studies and group work), you will need to allocate non-contact time.
Non-contact time will be required for a range of activities which may include, but are not limited to, assessment tasks, reading, researching, note-taking, revision, writing, consultation with staff, and informal discussions with other students.
The information below is provided as a guide to assist students in engaging appropriately with the course requirements.Students in this course are expected to attend all classes throughout the semester. Please refer to Access Adelaide for your timetable and enrolment details http://www.adelaide.edu.au/access/
In addition to time spent in class and reading materials required for active participation in the class, students will be required to write two 1,500 word take-home essays as part of the assessment process for this class. Overall, students in Trade 5001 should expect to devote 36 contact hours and 156 non contact hours to study in this course.
Learning Activities Summary
Module I: New Opportunities in International Trade In this module, students learn about WTO rules that govern regional trade agreements (RTAs), as well as RTA negotiating modalities and techniques; how production sharing arrangements influence trade policy and economic development, and the role of RTA's in the modern global economy. Specific reference is made in the module to negotiating issues in RTAs and experience with Australia's RTA with ASEAN and New Zealand, and the Trans-Pacific Partnership (TPP). Also covered in this module and RTAs impact on the movement of people and mutual recognition agreements. APEC is studies as a model of non-binding regional cooperation and case studies are assigned to show how theory relates to practice in these areas. Module II: Practical Aspects of International Trade This module is focussed on practical preparations for entering export markets; partnership possibilities in international trade; and assistance in exporting. The module addresses challenges to importers and exporters, trade complexities affecting new exporters and barriers to exporters, international trade terms (INCOTERMS), risk management and methods of payment, and Australian Government requirements and controls affecting both importers and exporters. Module III: WTO's 'New Issues' The final module of TRADE 5001 is focussed on the interaction of trade with investment, competition policy and climate change and trade. The objectives of competition policy are reviewed, including the promotion of economic efficiency and consumer welfare and students are exposed to various trade-related agreements designed to promote pro-competitive trade environments. The relationship between international trade and foreign direct investment is explored in depth and various types on international investment agreements are reviewed. The interaction of trade and climate change mitigation policies is studied from the standpoints of substantive rights and principles, potential enforcement and conflict of law issues and international cooperation and case studies on climate change policies and trade.
Specific Course RequirementsAs this is an intensive course, students in this course are expected to attend all classes throughout the semester.
The University's policy on Assessment for Coursework Programs is based on the following four principles:
- Assessment must encourage and reinforce learning.
- Assessment must enable robust and fair judgements about student performance.
- Assessment practices must be fair and equitable to students and give them the opportunity to demonstrate what they have learned.
- Assessment must maintain academic standards.
Assessment SummaryThere are two aspects of assessment for this course: two take home essay assignments and a final examination. Each part of the assessment is compulsory. This means that if any one of the items of Assessment is not undertaken/submitted, the marks assigned for that assessment will be forfeited, subject to the exceptions identified in the following section, and the final mark obtainable will be reduced by that amount.
Module I Assignment [25%]
- Assignment questions will be distributed in class, as well as posted on MyUni on the first day of each Module, under the ‘Assignments’ section.
- The assignment for module I will be due at COB on Monday, 7 September 2015.
- Assignment questions will be distributed in class, as well as posted on MyUni on the first day of each Module, under the ‘Assignments’ section.
- The assignment for module II will be due at COB on Monday, 28 September 2015.
- Exam Date: Please check your personal examination timetable via Access Adelaide.
Assessment DetailAs this is an intensive course, students are required to attend all classes.
The take-home essay assignments given to students after modules I and II of the course will be designed to gauge how well they have learned the material presented in the modules. Typically the assignments will contain 2 or 3 questions that must be addressed in the 1,500 word essay.
If you do not hand in the assignment by the specified due date, and have not organised an extension beforehand, the assignment will not be accepted.
The final exam will consist of approximately 20 multiple choice questions and 4 to 6 short essay questions. Students will be given 2 hours and ten minutes to complete the final examination.
SubmissionAssignments must be submitted in:
1. Softcopy through Turnitin on MyUni
Your assignment MUST include the IIT assignment cover sheet which can be downloaded from MyUni under “Assignments”. Each page must be numbered with your student ID and name.
All assignments must be presented professionally with clear headings, appropriate referencing and using one and a half spacing.
Extensions will only be granted if requests are received in writing to the course coordinator at least 24 hours before the final due date unless they are requested on medical or compassionate grounds and are supported by appropriate documents.
Please contact the course coordinator, preferably by email, at any time to make an appointment for assistance or guidance in relation to course work, assignments or any concerns that may arise. Assignments will normally be returned two weeks after they have been submitted.
Grades for your performance in this course will be awarded in accordance with the following scheme:
M10 (Coursework Mark Scheme) Grade Mark Description FNS Fail No Submission F 1-49 Fail P 50-64 Pass C 65-74 Credit D 75-84 Distinction HD 85-100 High Distinction CN Continuing NFE No Formal Examination RP Result Pending
Further details of the grades/results can be obtained from Examinations.
Grade Descriptors are available which provide a general guide to the standard of work that is expected at each grade level. More information at Assessment for Coursework Programs.
Final results for this course will be made available through Access Adelaide.
The University places a high priority on approaches to learning and teaching that enhance the student experience. Feedback is sought from students in a variety of ways including on-going engagement with staff, the use of online discussion boards and the use of Student Experience of Learning and Teaching (SELT) surveys as well as GOS surveys and Program reviews.
SELTs are an important source of information to inform individual teaching practice, decisions about teaching duties, and course and program curriculum design. They enable the University to assess how effectively its learning environments and teaching practices facilitate student engagement and learning outcomes. Under the current SELT Policy (http://www.adelaide.edu.au/policies/101/) course SELTs are mandated and must be conducted at the conclusion of each term/semester/trimester for every course offering. Feedback on issues raised through course SELT surveys is made available to enrolled students through various resources (e.g. MyUni). In addition aggregated course SELT data is available.
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