Principles And Practice Of International Trade

1. Discuss the principles and practices of international trade.
2. Explain the machinery and mechanism of the World Trade Organization.
3. Examine the various key components of international trade.
4. Define balance of trade and its significance.
5. Identify the instruments of international trade protection and promotion.

13 weeks, about 39 hours in total. Yours will differ.

1. Week 1MODULE 1

   • Unit 1: Introduction to International Trade · 3 hours

     Define international trade and its key concepts.. Examine the nature and scope of international trade.. Trace the historical development of international trade..

2. Week 2MODULE 1

   • Unit 2: Dynamics of World Trade · 3 hours

     Discuss the dynamics of world trade and the role of the WTO.. Examine the establishment of GATT.. Explain the mechanism of the WTO..

3. Week 3MODULE 1

   • Unit 3: Basic Components of International Trade · 3 hours

     Identify the basic components of international trade.. Discuss terms of trade and their features.. Define balance of trade..

4. Week 4MODULE 1

   • Unit 4: Theories of International Trade · 3 hours

     Examine the theories of international trade.. Discuss the theory of comparative cost advantage.. Explain the theory of factor proportions..

5. Week 5MODULE 2

   • Unit 1: Background To Professionalism And Liberalization · 3 hours

     Define protectionism and liberalization.. Discuss the major developments of liberalization in the 19th century.. Examine protectionism and liberalization in Europe..

6. Week 6MODULE 2

   • Unit 2: Global Trade Regime · 3 hours

     Explain why GATT-WTO is described as an instrument of suppression.. List the issues that are offensive to the Third World in GATT negotiations.. List the major areas of disagreement between the developed and underdeveloped countries..

7. Week 7MODULE 2

   • Unit 3: Free Trade Rhetoric and Protectionism Reality in WTO · 3 hours

     Explain the differences between free trade rhetoric's and Northern protectionism in the WTO.. Enumerate the objectives of the advanced countries' anti-free trade policies.. Describe evidence of Northern protectionism..

8. Week 8MODULE 2

   • Unit 4: Trade Liberalism and Restrictions on Migration of Third World Labour · 3 hours

     Describe the potential benefits of international migration of labour to the Third World and the global economy.. Explain the advanced countries' position in imposing severs restrictions on labour migration.. Explain why the trickle-down argument is no longer tenable..

9. Week 9MODULE 3

   • Unit 1: Third World Agenda for Change in Global Trade Regime. · 3 hours

     Enumerate several needed reforms in the GATT-WTO system.. Identify several items in the Third World's strategic agenda for change.. Describe the kind of preparatory work needed for Third World strategic engagement with the GATT-WTO..

10. Week 10MODULE 3

    • Unit 2: Nature of International Financing and its Vehicles. · 3 hours

      Discuss some of the external sector activities and international financing.. Examine the intricacies surrounding foreign exchange market.. Explain the concept of hybrid exchange rate regimes..

11. Week 11MODULE 3

    • Unit 3: International Financial Institution · 3 hours

      Examine International Financial Institution by meaning and definition.. Discuss International Monetary Fund (IMF).. Explain the formation of IMF..

12. Week 12MODULE 3

    • Unit 4: Regulation of International Trade · 3 hours

      Explain legal nature and structure of WTO. Discuss the dispute settlement mechanism used by WTO.. Explain Bilateral trades and multilateral investment, Treaties, their nature, function and legal structure..

13. Week 13MODULE 4

    • Unit Four: Counter Trade · 3 hours

      Define and explain counter trade. Examine the various types of counter trade and classification of form.. Highlight the advantages and drawbacks of counter trade..