Taught In English

There is no language prerequisite for courses at this language level.

UNIVERSIDAD DEL PACÍFICO
Department of Economics
Trade Policy and International Business

SYLLABUS

Objectives

This course introduces students to the field of international trade and trade policy. For this purpose, students learn about global trade environment and international trade negotiations. The course takes perspective of a developing economy and takes into account the characteristics of Latin American and Peruvian economies in order to assess their role in the world labor division.

The purpose is to explain how economic theory and policy analysis can help us to understand the economic opportunities and challenges Peru and other Latin American economies will face in the future. Participation of government officials and policymakers will enrich classes with their field experience.

Also covered are topics on databases and methodological tools to identify trade opportunities.

Class Guide

Part I: Introduction
Session 1: Peru’s process of integration to world markets
Session 2: Basic International Trade Theories
Session 3: Trade Policy: Principles and Tools

Tutorial class 1: Methodological tools (I)
Tutorial class 2: Methodological tools (II)

Project guide 1
Project guide 2

Part II: Trade Negotiation Fora
Session 4: GATT & WTO
Session 5: Free Trade Agreements
Session 6: APEC and Asian Economies

Case Study: Fast Track Derailed

Part III: New Trade Topics
Session 7: Agriculture
Session 8: Services and Investments
Session 9: Trade Facilitation and Logistic Issues

Session 10: Trade and Development

Final Exam

Evaluation

Guided Project 30%
Case Study 30%
Final Exam 40%

References

Think Again: International Trade
Article by Arvind Panagariya that highlights some important regularities about international trade.

Trade Policy Review: Peru
This is an overview of Peru’s trade policies conducted by the WTO.

Why ‘Outsourcing’ May Lose Its Power as a Scare Word
By DANIEL GROSS, NY Times, August 13, 2006

Domestic Support Policies
A briefing paper by the Economic Research Service at the US Dept. of Agriculture

Trade and the Environment in the WTO
This press brief provides an overview of the work by the WTO Committee on Trade and the Environment

Gonzalez, J.G. and A. Velez, "Intra-Industry Trade Between the United States and the Major Latin American Countries: Measurement and Implications for Free Trade in the Americas," The International Trade Journal, Winter 1995, Vol. 9, No. 4, pp. 519-536.

World Bank, "A Changing International Division of Labor," in World Development Report 1995, Washington, DC: Oxford University Press, 1995, Chapter 8, pp. 54-60.

Newman, B., "The Greeks Have a Word for Banana but Lack Bananas," in J. Adams, ed., The Contemporary International Economy, A Reader, Second Edition, New York: St. Martin's Press, 1985.

Gold, D.M., R.J. Ruffin, and G.L. Woodbridge, "The Theory and Practice of Free Trade," Economic Review, Federal Reserve Bank of Dallas, Fourth Quarter 1993, pp. 1-16.

Corden, W.M., "Does the Current Account Matter? The Old View and the New," in Frenkel, J.A., and M. Goldstein, eds., International Financial Policy: Essays in Honor of Jacques J. Polak, Washington, DC: International Monetary Fund, 1991, pp. 455-478.

Gould, D.M., "Has NAFTA Changed North American Trade?," Economic Review, Federal Reserve Bank of Dallas, First Quarter 1998, pp. 12-23.

Kamdar, N. and J. Gonzalez, "Quis, Quid, Ubi, Quibus Auxiliis, Cur, Quo Modo, Quando? The U.S. House of Representatives Votes on NAFTA and GATT," in K. Fatemi, ed., International Business in the New Millennium, Vol. II, Laredo, TX: Texas A&M International University, May 1997, pp. 435-449.