CRWF8011 The Global Trading System

Offered By	Crawford School of Economics and Government
Academic Career	Graduate Coursework
Course Subject	Crawford School of Economics and Government
Offered in	Second Semester, 2009 and Second Semester, 2010
Unit Value	6 units
Course Description	This course provides an introduction to the World Trade Organization (WTO). The main topics in this course include the basics of international trade theories and policies, the principles, nature, scope and structure of the WTO, the WTO's trade dispute settlement mechanism and the trade policy review mechanism, the WTO Agreements and their effects on world trade, including the General Agreement on Tariffs and Trade (GATT), the General Agreement on Trade in Services (GATS), and the Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS). The course will also examine the relationships between the multilateral trading system and the preferential trading arrangements, and the issues facing the global trading system.
Learning Outcomes	On successful completion of this unit you will be able to: Demonstrate a sound understanding of what is the World Trade Organisation (WTO), including its principles, nature, scope and structure Demonstrate a solid understanding of the main Agreements, including GATT, GATS and TRIPS, and their effects on world trade Demonstrate a sound understanding of the multilateral international agreements and decisions which WTO Member States are required to give effect to in developing their trade policies, legislation and practices Demonstrate a sound understanding of how the WTO works as a forum for multilateral trade negotiations, monitors national trade policies, and attempts to resolve trade disputes between Members Demonstrate a sound understanding of the relationship between the multilateral trade system and the preferential trading arrangements Demonstrate a strong ability to examine the main issues facing the global trading system
Indicative Assessment	The assessment of the course has three parts: Short essay (30%): This short essay provides students with the opportunity to use international trade theories and the WTO principles to examine issues in global trade liberalization relevant to their countries. Students are recommended to consult with the lecturer when they choose the topic. Students can write the short paper in groups (depending on the number of enrolment), however, each of them will contribute to the paper. The paper should be approximately 2000 words in length (excluding data and references). Student presentation (10%): Each student (or group) will give a 20-minutes presentation (15 minutes presentation and 5 minutes for questioning) based on the short essay. Final essay (60%): The final essay requires students to use international economic theories and the WTO principles to analyze issues in global trade liberalization. The topic of the final essay will be given by lecturer and will be available on the course outline. The final essay should be approximately 3000 words in length (excluding data and references).
Workload	This course will be delivered over 10 weeks, involving a 3-hour lecture each week. Students also need to spend a minimum of 7 hours per week to read course materials, lecture notes, and write papers.
Course Classification(s)	SpecialistSpecialist courses are designed for students having reached 'first degree' level of assumed knowledge, which provide for the acquisition of specialist skills; or 'second degree' and higher level of knowledge; or for transition to research training programs; or knowledge associated with professional accreditation.
Prescribed Texts	Bernard Hoekman, Aaditya Mattoo, and Philip English (2002), Development, Trade and the WTO: A Handbook, World Bank, Washington. Course reading bricks are available before course starts.
Programs	Master of Environmental and Resource Economics, Master of International and Development Economics, Master of Environmental Management and Development, Master of Public Administration, and Master of Public Policy
Other Information	Delivery Mode: Semester 2, 2009, on campus, weekly based.
Academic Contact	Dr Chunlai Chen

The information published on the Study at ANU 2009 website applies to the 2009 academic year only. All information provided on this website replaces the information contained in the Study at ANU 2008 website.