BAIM 503 ISSUES IN INTERNATIONAL POLICY

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BAIM 503 ISSUES IN INTERNATIONAL POLICY

• Ilan Vertinsky
• Monday 1830 2200

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Outline of todays 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

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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

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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

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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)

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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

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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

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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

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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

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Evaluation

• Class Participation 30
• Debates 15
• Current event reports 15
• FINAL 40

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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.

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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.

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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

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Final Examination

• Four short questions
• 1 essay
• Closed book but 2 letter sized pages of notes are
  allowed

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Syllabus

• Questions?