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 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

Syllabus Questions?