BAIM 503 ISSUES IN INTERNATIONAL POLICY Ilan Vertinsky Monday 18:30 – 22:00.
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BAIM 503 ISSUES IN INTERNATIONAL POLICY Ilan Vertinsky Monday 18:30 – 22:00
Outline of today’s class Introductions Course Overview International Trade and Investment Patterns and Trends The antecedents to economic integration The expanding Trade Policy Agenda Introduction to trade related institutions The Evolution of International Trade Theories and Policies
Introductions Personal Introductions 2 things you would like people to know –Past education, experience, accomplishments –Something that could be an asset in this class What would you like to get out from the course and how you think it will be relevant to your career
Course Overview Main topics covered New skills and learning outcomes More about the learning method –Current event reports and discussions –Debates –Exam –Simulations Grading Questions
Learning Support Lectures notes will be posted just before the class I am available to work with you (specific questions, discuss readings, etc.) –Please make appointments by phone or email or drop by any time to check if I am free. Consultation with your class members is strongly encouraged (e.g. debate preparation, simulations, class preparation)
Main Topics Covered Discussion of international trade and investment patterns and the factors which shape them. The Evolution of International Trade Theories and Policies Introduction to trade related institutions Overview of the World Trading System (multi- lateral and regional institutions The WTO: Role, structure and function The basic rules of the GATT
Main Topics Covered (cont) Rules governing subsidies, response to unfair trade, and safeguard measures. General agreement on trade in services Agreement on trade-related aspects of intellectual property Trade Investment measures and NAFTA, Chapter 11 Mandatory and voluntary product standards and trade and environment issues Trade and environment Module review: implication for enterprises
Skills and Learning Outcomes 1 DEVELOP APPRECIATION OF INTERNATIONAL TRADE RULES 2 UNDERSTAND PRACTICAL DETAILS OF IMPORTANCE TO THOSE ENGAGED IN INTERNATIONAL TRADE OR THOSE EXPOSED TO THREATS FROM IMPORTS 3 BE ABLE TO RELATE TRADE DISPUTES TO TRADE RULES 4 UNDERSTAND THE MEANS TO COPE WITH TRADE CONSTRAINTS
Skills and Learning Outcomes 5 BE ABLE TO ANTICIPATE EMERGING TRADE AND INVESTMENT ISSUES THAT MAY EFFECT THE OPERATIONS OF YOUR FIRMS DISCUSSION: market versus non-market strategies
Evaluation Class Participation30% Debates15% Current event reports15% FINAL40%
Debates Each student will take part in one of the four debates scheduled throughout the term. Groups of three to four students (depending on class size) will take a side of a debate and use 10 minutes to present their positions. Each side will have five minutes to present rebuttals followed by a one-minute summary. Each debate team will provide the class with handouts (maximum two pages) explaining their main points. Be sure that these handouts clearly outline your arguments.
Current Reports On October 31, November 7 and 14, each student will prepare and submit a 2 page report (in outline form) of an international trade policy or foreign investment related event reported in business magazines and be prepared to discuss it in class. The report should explain the relevance and implications of the event.
Simulations The class will be divided into groups of 3 members. Each group will form a mock WTO panel and be presented with a case to adjudicate Decisions will be presented to the full class and provided also in writing to the instructor Panel decisions will be evaluated as part of the participation grade in terms of their appropriate use of WTO rules as well as their creativity
Final Examination Four short questions 1 essay Closed book but 2 letter sized pages of notes are allowed