TRADE 7004 - Principles of International Trade and Development
North Terrace Campus - Trimester 1 - 2023
General Course Information
Course Code TRADE 7004 Course Principles of International Trade and Development Coordinating Unit Institute for International Trade Term Trimester 1 Level Postgraduate Coursework Location/s North Terrace Campus Units 3 Contact Up to 36 hours Available for Study Abroad and Exchange Y Assumed Knowledge TRADE 5000, TRADE 7003 Course Description This course is concerned with the relationship between trade and development, and more specifically with development related issues in the WTO. The course will provide an overview of how trade can contribute to economic growth when framed by the appropriate domestic and international policies and measures. It will analyse how the GATT/WTO has evolved to take into account the interests and concerns of developing and least developed countries. Development related issues being treated by the WTO such as agriculture, NAMA and services and the Trade Facilitation Initiative will be presented and discussed.
The course is delivered through a blended learning approach with teaching materials and online activities provided through the MyUni course page. Students are expected to complete all online activities prior to the related face-to-face sessions.
Course Coordinator: Associate Professor Shandre Thangavelu
The full timetable of all activities for this course can be accessed from Course Planner.
Course Learning OutcomesOn successful completion of this course, students will be able to:
1 Develop a conceptual framework for explaining why there is global variation in development paths, identify and analyse the institutional underpinnings of economic development and apply this to developing country issues, including identification of potential solutions for achieving sustainable economic development 2 Identify and analyse differing perspectives on the necessary conditions for trade measures to effectively contribute towards poverty reduction and the achievement of the Sustainable Development Goals 3 Discuss developing country issues within the context of the WTO, including GATT, GATS and their major agreements. 4 Compare the advantages of multilateral and regional or bilateral preferential trade agreements in assisting developing countries in achieving sustainable development. 5 Use a holistic understanding of the complex relation between trade and development to identify trade related development strategies which are context specific and can assist developing countries achieve poverty alleviation through sustainable economic growth.
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 6: Australian Aboriginal and Torres Strait Islander cultural competency
Graduates have an understanding of, and respect for, Australian Aboriginal and Torres Strait Islander values, culture and knowledge.
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.
To cover the range of topics on international trade and development students are asked toundertake individual preliminary readings and research before class.
It is expected that students spend at least two to three hours of preliminary readingbefore each face to face session. The below suggested list of reading should be considered by each student.
This course is an introduction to the concepts of trade and development. The supplementary texts provided below will
help students to better understand the material discussed in class and to improve their understanding of trade and development.
1. Students with no background in international economics or trade may wish to read and introductory text before starting the classes.
* “International Trade: Free, Fair and Open?”, is an OECD publication that contains an easy introduction to the concepts and the data. It is FREELY AVAILABLE in different formats here http://www.oecd-ilibrary.org/trade/international-trade_9789264060265-en
* Alternately (or as well) students should consult the introductory chapters of a standard textbook (available in the Library or frequently at second-hand bookstores) such as Chapter 1 of “International Econmics” by Krugman and Obstfeld (Addison-Wesley – several editions)
2. Students not familiar with the structure and content of the WTO Agreements could read at least the second chapter of ‘Understanding the WTO’ that can be found on-line here: http://www.wto.org/english/thewto_e/whatis_e/tif_e/utw_chap2_e.pdf
* Students should also acquaint themselves with the content of at least Articles I - III of the GATT (1947) that can be found at http://www.wto.org/english/docs_e/legal_e/gatt47_01_e.htm
3. Students should be familiar with, and to practice, good English grammar and expression. A suitable modern grammar such as Patricia T. O’Conner’s “Woe is I” (the latest edition, 2009, published by Penguin Putnam is available from many large bookstores e.g. Dymocks. The on-line price is $19.95 plus shipping).
This course assumes that students are familiar with the terms and concepts of the e-learning Module 1 of Trade 5000: International Trade: Negotiations and Agreements. Access to this information can be gained through the following links:
Terms of Trade
Regional Trade Agreements
Trade Creation and Trade Diversion
This course relies heavily on the use of on-line research materials. Students are strongly encouraged to bring a wifi-enabled device (preferably a laptop or tablet) to class to follow along with the demonstrations.
- World Trade Organization: www.wto.org
- World Bank on Trade: http://www.worldbank.org/en/topic/trade
- World Bank - General: www.worldbank.org/research/trade
- Organization for Economic Cooperation and Development: www.oecd.org
- International Centre for Trade and Sustainable Development: www.ictsd.org
- Institute for International Trade: http://www.iit.adelaide.edu.au/
- Institute for Agriculture and Trade Policy: www.iatp.org/
- International Trade Centre: www.intracen.org (and use of the ITC trade map)
- Food and Agriculture Organization: www.fao.org
- United Nations Conference on Trade and Development: www.unctad.org
- United Nations Development Programme: www.undp.org (see Human Development Reports)
- United Nations Millennium Project: www.unmillenniumproject.org
- Asian Development Bank: www.adb.org
- African Development Bank www.afdb.org
- Inter-American Development Bank www.iadb.org
Other online references will be given during the course.
Learning & Teaching Activities
Learning & Teaching ModesThe course will provide an interactive environment of online modules, presentations, discussion and debate. Throughout the course there will be online modules, lecture presentations and/or video presentations followed by group work, group presentations and discussions.
The information below is provided as a guide to assist students in engaging appropriately with the course requirements.The Institute requires students undertaking this course to attend all three modules and to successfully complete all e-modules. This course comprise of approximately 36 contact hours (structured learning). In addition to time spent in class, students of TRADE 7004 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 modules.
Learning Activities Summary
Module Topic Dates 1
- Course overview and assessment
- An introduction to globalisation, international trade and development
- International trade, development and investment theory and application
- The relationship of international trade, investment and sustainable development
Friday 04 March 2016
Saturday 05 March 2016
- The World Trade Organisation (WTO), GATT and GATS
- Benefits for Developing and Least Developed Countries
- Multilateralism and Preferential Trade Agreements (PTAs)
Friday 01 April 2016
Saturday 02 April 2016
- Presentation of final project
- Summary of international trade and development aspects
Friday 22 April 2016
Saturday 23 April 2016
Specific Course RequirementsAs this is an intensive and highly interactive course, the Institute requires students undertaking this course to attend each of the three modules and to successfully complete all online modules.
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 four (4) components to the assessment for this course. Each part of the assessment is compulsory.
Assessment Task Task Type Due Weighting Learning Outcome Online quizzes Formative
20% 1,2 Class Participation Summative Ongoing 10% 1,2,3,4,5,6 Country report (Part A: Discussion and preliminary country presentation)
Country report (Part B: Formal submission)
Formative 30% 1,2,3,4,5,6 Final Report (Presentation)
Final Report (Submission)
End of term
Assessment DetailThe course consists of four (4) formal assessments:
Online Quizzes 20%
Students will be required to complete online assessments on MyUni.
Class Participation 10%
Students will be assessed on their in-class contribution to topic discussions, work in small groups, contribution to discussion board on MyUni as well as for their ability to demonstrate knowledge and application of required readings throughout the course.
Country report 30%
This assessment requires students to work in groups. Groups will be selected on Friday, 04 March. This country report is the first part of the final report. Groups are to prepare and present a country report to developing partners, outlining the challenges the country faces. The assessment is split into two components:
Part A: As part of their groups, students will discuss the trade and economic characteristics of a developing country of their own choosing and present a preliminary country presentation to their class. The class, acting as members of the developing partner, will provide feedback which should be taken into account for Part B, the formal submission of the country report.
Part B: Taking into account feedback from the class received during the presentation, each group will formally submit their country report outlining the trade and economic characteristics of the country with a focus on the main challenges the country faces.
Final country report 40%
This assessment builds on the country report and students will continue to work in their groups. Groups are to prepare and present a final country report to developing partners, outlining a strategic development plan that tackles the challenges the country faces. The assessment is split into two components:
Part A: As part of their groups, students will present the strategic development plan to their class. The class, acting as members of the developing partner, will provide feedback which should be taken into account for Part B, the formal submission of the final country report.
Part B: Taking into account feedback from the class received during the presentation, each group will formally submit their final country report which provides a strategic development plan with a focus on how the main challenges the country faces can be addressed to achieve sustainable economic development.
SubmissionAssignments must be submitted through:
1. 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.
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.
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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