TRADE 5001 - International Trade: Strategies & Opportunities
North Terrace Campus - Trimester 3 - 2023
General Course Information
Course Code TRADE 5001 Course International Trade: Strategies & Opportunities Coordinating Unit Institute for International Trade Term Trimester 3 Level Postgraduate Coursework Location/s North Terrace Campus Units 3 Contact Up to 36 hours Available for Study Abroad and Exchange Y Incompatible TRADE 5001EX Assumed Knowledge TRADE 5000 or TRADE 5000EX or INTBUS 7500 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; foreign direct investment and investment agreements and dispute settlement.
The course is delivered through a blended learning approach with teaching materials and online modules provided through the MyUni course page. Students are expected to complete all online modules prior to the face-to-face sessions."
Course Coordinator: Dr Nathan Gray
The full timetable of all activities for this course can be accessed from Course Planner.
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.
On successful completion of this course, students will be able to:
1 Analyse new opportunities in international trade such as global supply and value chains, investment agreements, trade in services, competition policy and regional economic integration 2 Critically examine the operation and application of regional economic integration tools such as international trade agreements in a practical context and from a sectoral aspect 3 Analyse 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 SPS biosecurity and customs 4 Debate of how international trade agreements influence the development and adaptation of Australian trade policy through domestic legislation 5 Apply effective oral and writing/research skills in the construction of policy argument, trade negotiation and analysis on international trade and domestic policy issues
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)
Attribute 1: Deep discipline knowledge and intellectual breadth
Graduates have comprehensive knowledge and understanding of their subject area, the ability to engage with different traditions of thought, and the ability to apply their knowledge in practice including in multi-disciplinary or multi-professional contexts.
Attribute 2: Creative and critical thinking, and problem solving
Graduates are effective problems-solvers, able to apply critical, creative and evidence-based thinking to conceive innovative responses to future challenges.
Attribute 3: Teamwork and communication skills
Graduates convey ideas and information effectively to a range of audiences for a variety of purposes and contribute in a positive and collaborative manner to achieving common goals.
Attribute 4: Professionalism and leadership readiness
Graduates engage in professional behaviour and have the potential to be entrepreneurial and take leadership roles in their chosen occupations or careers and communities.
Attribute 5: Intercultural and ethical competency
Graduates are responsible and effective global citizens whose personal values and practices are consistent with their roles as responsible members of society.
Attribute 7: Digital capabilities
Graduates are well prepared for living, learning and working in a digital society.
Attribute 8: Self-awareness and emotional intelligence
Graduates are self-aware and reflective; they are flexible and resilient and have the capacity to accept and give constructive feedback; they act with integrity and take responsibility for their actions.
Required ResourcesTBA on the MyUni course page.
- The World Trade Organization: www.wto.org
- The Department of Foreign Affairs and Trade: www.dfat.gov.au/
- AANZFTA – Guide to the Agreement: http://dfat.gov.au/trade/agreements/aanzfta/official-documents/Documents/aust_guide_whole.pdf
- Regional Comprehensive Economic Partnership Agreement (RCEP): http://dfat.gov.au/trade/agreements/rcep/pages/regional-comprehensive-economic-partnership.aspx
- The Trans-Pacific Partnership Agreement (TPP): http://dfat.gov.au/trade/agreements/tpp/Pages/trans-pacifici-partnership-agreement-tpp.aspx
- The China Australia Free Trade Agreement (ChAFTA): http://dfat.gov.au/trade/agreements/chafta/Pages/australia-china-fta.aspx
- Trade impact study for South Australia in relation to the China-Australia Free Trade Agreement (ChAFTA): http://statedevelopment.sa.gov.au/upload/china/chafta-trade-impact-study.pdf?t=1495238400023
- APEC: http://dfat.gov.au/international-relations/regional-architecture/apec/Pages/asia-pacific-economic-cooperation-apec.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 Learning & Teaching modes of this course will comprise of a mix of online and face-to face modules. These will include group work and presentations, discussions and debate.
The information below is provided as a guide to assist students in engaging appropriately with the course requirements.The institute requires students to successfully complete all online/e-modules. This course comprise of approximately 36 contact hours (structured learning). In addition to time spent in class, students are expected to devote an additional 120 non-contact hours to study and research work in this course as well as to successfully complete online/e-modules.
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 studied 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 focusses 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 third module focusses on the interaction of trade with investment, services and competition policy. 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.
Specific Course RequirementsAs this is an intensive course, students in this course are expected to attend all classes throughout the trimester.
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 Task Task Type Due Weighting Learning Outcome Online quizzes Formative Before each Module 15% 1,2,3,4,5 Discussion board participation Formative Before each Module 10% 1,2,3,4,5 Group work Formative Module 2 30% 1,2,5 Peer assessment Formative Module 2 5% 1,2,5 Report/Policy brief Summative End of Term 40% 1,2,3,4,5
Assessment Related RequirementsAs this is an intensive course, students are required to attend all classes.
Assessment DetailOnline Quizzes (15%)
Students will be required to complete online assessments on MyUni prior to the face-to-face sessions (Modules).
Discussion board participation (10%)
Students will be assessed based on their contributions on the discussion board.
Group work (30%)
Groups will be formed in Module 1. Students will work on and resolve a problem/case assigned by the lecturer and present their results to the class.
Peer assessment (5%)
Group members are expected to evaluate the conduct and contributions of their team members through peer evaluation.
Report/Policy brief (40%)
Students will individually work on a report/policy brief assigned by the lecturer. Students are to synthesize materials, concepts, topics and tools covered throughout the course. Students are expected to demonstrate their ability to apply knowledge while expressing themselves clearly and in a structured manner.
- Assignments must be submitted through Turnitin on MyUni
- 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 by email to make an appointment for assistance or guidance in relation to course work, assignments or any concerns that may arise.
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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