Syllabus

This Course is…

•To study multilateral and bilateral trade mechanisms and institutions: WTO and FTA perspectives
•To investigate strategies and approaches in international trade negotiations executed by key WTO members or groups and major trading countries
•To implement practical simulations for trade negotiations

Prerequisite

•Intermediate levels of economics
•Basic theories of international trade and some knowledge of trade policies
•Interests in world food trade and trade laws

Objectives

•Students will understand the fundamental mechanism of international trade negotiations and learn negotiation strategies as well as decision making
•Students will comprehend economic effects of international trade policies under WTO laws

Textbook and Study Aid

•No textbooks but study and reading materials will be timely provided
Students must read those materials
•Many internet resources where students can get up-to-date information regarding trade negowill be provided

Contents 1

•Globalization
How to see globalization phenomena from economists’ perspective
•Trade theories and policies
Reasons for and economic benefits of trade
National policy tools associated with trade
Trade facilitators and barriers (restriction)
•Theories of trade negotiations
No much game but core concepts

Contents 2

•Multilateral trade negotiations
WTO laws: AoA
Trade dispute settlement
Doha Development Agenda
•Bilateral trade negotiations
Economics of RTAs or FTAs
Korea’s experience
•Simulations for trade negotiations
Team based approaches

Grading

•Mid-term 30%
•Final30%
•Participation15%
•Case studies and others25%
•Grading follows an absolute scaling method
•FAIRgrading policy
No free rider problem, please

Office hours

•Open door policy
•Or, by appointments
•Contacts
East Bldg (동관) #210
3290-3033
songsoo@korea.ac.kr
011-663-7341 (for emergency or messages)
songsooc@gmail.com(personal dialogue)