INTERNATIONAL AND AGRIFOOD TRADE (I MOD)
The course aims at developing students’ skills with reference to international trade, specifically considering as a case study agri-food products international trade.
In particular, the course enables students to acquire a basic knowledge of theories of international trade and a thorough knowledge of: the forms of obstacles to international trade (tariff and non tariff barriers); issues related to multilateral, regional and bilateral trade liberalization; operation of international markets for agricultural and food products. The student will also acquire the ability to analyze and assess critically the impact of trade policies.
Knowledge and understanding- the student has to demonstrate ability to understand: the determinants and effects of international trade; trade policies in terms of objectives, instruments and impact; and the functioning of international markets for agricultural and food products.
Ability to put knowledge and understanding into action- the student has to demonstrate ability to analyze the evolutionary path and issues related to international trade, as well as the impacts of trade policies on the international market (form of protectionism).
Independent thinking- the student has to demonstrate a critical ability to assess impacts of trade policies on international markets.
Communicative Skills- the student has to be able to answer clearly, coherently and exhaustively to questions in both the written and oral test. The student will also develop the ability to convey the knowledge acquired clearly and satisfactorily also through class discussions on additional topics.
Learning Skills- the student has to demonstrate a good ability to learn by deepening knowledge through the use of relevant and authoritative bibliographical references in the field of study. Furthermore, the student will integrate the knowledge acquired in previous courses with further skills that characterize the course.
Basic knowledge of some elements of microeconomics and political economy
The topics covered in the course are organized in II parts.
Part I (32 hours)- International trade theory. Trade policies: objectives and instruments. Economic Integration: Customs Unions and Free Trade Areas. International Resource Movements and Multinational Corporations.
Part II (16 hours)- The World trade Organization: principles and agreements. International trade in agri-food products: evolution and issues Agricultural and food policies’ objectives, instruments and trade impacts, with particular reference to food safety, product safety, quality, health and consumer protection. The main WTO Agreements related to agri-food trade.
Part III (24 hours)- In-depth study topics - International trade and economic development. International trade and the risks of protectionism. Market globalization and sustainability (environmental and social). Environmental and social dumping: definition, effects and remedies. The case of Fair Trade (Fair Trade).
The course is organized in traditional lectures and in-class discussion of articles/reports and audiovisual material. On the e-learning platform Blended material is available.
Dominick Salvatore International Economics, John Wiley & Sons Inc (excluded: cap. 7, paragraphs 9.6 and 9.7, chap. 11 and all Appendices)
Handouts edited by the teacher, a selection of articles/reports and audio/video material that will be available on the e-learning platform at the beginning of the course.
Final assessment is based on a written test (1 hour and 15 minutes) aimed at evaluating the achievement of the learning objectives. In order to assess acquisition and in-depth learning of general theoretical knowledge, the written test consists of open questions, multiple choice questions and graphic illustrations, about the topics covered in the program.
Questions are aimed at assessing the knowledge acquired, and the ability to elaborate critically and debate on issues touched upon over the course. If the teacher deems it appropriate, an oral test may be carried out as well.