Trade Theory and Development

MGDI60291 Trade Theory and Development 15 Semester 1 Postgraduate Taught Level 6 David Ouattara Unit coordinator Global Development Institute 1 FHEQ level (Framework for Higher Education Qualifications) ' Masters/Integrated Masters P4 ' European Credit Transfer & Accumulation System Rating : 7.5 The course will cover standard trade theories as well as applications of these theories to developing countries. The course will cover standard trade theories as well as applications of these theories to developing countries. The aim of the course is to provide analytical techniques to gain insight into international trade theory, trade policy tools and their implications for growth and development. Upon the completion of this course students will have a good understanding of trade theories, international trade policies, and their consequences on many issues in developing countries. The first half of the course will provide an in-depth analysis of main trade theories. This section aims to equip students with the skills to use trade theories to understand the impact of different trade policies and economic factors on economy. The second half of the course will focus on the practical aspects of the in international trade, and the effect of different trade policies on economic growth and development. Knowledge and understanding On successful completion of this unit students will: - be expected to demonstrate a good understanding of the main trade models, their assumptions, implications, and differences among different theories - be expected to use trade theories to provide an analytical discussion of the impact of a trade policy Intellectual skills - Students will be able to develop a critical understanding of the role of trade flows in promoting economic growth and economic development. Lecture and tutorial based. 0 Other 80% 2 Written assignment (inc essay) 20% <ul><li>800 words essay (20%)</li><li>2200 words data exercise (80%)</li></ul> Via VLE Y ' Krugman, Paul. R. and Obstfeld, Maurice International economics, theory and policy, 8th Edition, Addison, Wesley and Longman, 2009. - Bernhofen, Daniel, M., Empirical international trade, Edward Elgar Pub. 2010. - Buffie, E., Trade policy in developing countries, Cambridge University Press, 2001. - Hoekman, B; Kostecki, M., The Political Economy of the World Trading System: The WTO and Beyond, 2nd Edition, Oxford: Oxford University Press, 2001. - McCulloch, N; Winters, A; Cicera, X., Trade liberalization and poverty: a handbook, London: Centre for Economic Policy Research, 2001, ISBN 1-898128-62-6 - Srinivasan, T.N., Developing countries and the multilateral trading system: from the GATT to the Uruguay Round and the future, Boulder, Colorado: Westview Press 2000. - Hoekman, B; Mattoo, A, Development, trade and the WTO: a handbook, World Bank, Washington, 2002. Lectures 20 Tutorials 10 0 120 Information GDI Programmes on which course unit is offered: DF, PPM, DEP, GTI, PIDTimetable 10 x 2 hour lectures, 5 tutorial sessions2 hours Revision LectureStata Lab sessions