| Overall Educational Objective |
The students will learn the importance of International Trade in the World Economy.
Through the study of different models and policies on Trade, they shall learn to define which model and policy is followed by key World Trade players.
They shall know which are the main World and Regional Trade monitoring and implementing Organizations and their interdependence.
They shall be able to follow international ongoing negotiations, which attract great public and financial interest and understand why they are so important for entrepreneurs, companies and countries around the World.
They shall experience, through practical illustrations, the correlation between global and bilateral trade agreements as manifested through the example of the EU International Trade agreements and its bilateral agreements with specific Organizations and countries.
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| Course Description |
The primary objective of the course will be to familiarize the undergraduate students with the fundamental concept of the International Trade, which is of particular importance for the economic growth and welfare worldwide.
The fundamentals of international trade, such as various theoretical models that describe international trade relations, the role of each theory and its relevance to policy, will be discussed in order for the students to understand the motives and rationale behind international trade.
The course will be devoted to the analysis of major international institutions and organizations that play a significant role in modifying international trade. Students will be provided with an analytical perspective about the norms, principles and mechanisms of the international trade organizations (such as the WTO) and will be able to explore the various negotiations and agreements that have been settled (NAFTA, MERCOSUR, ASEAN), the relationship between multilateral and regional trade agreements and current challenges to the global trading system affecting the world economy.
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Program Outcomes and Competences |
Level |
Assessed by |
| 1) |
Adequate knowledge of political history necessary to comprehend and effectively evaluate contemporary Political Science and International Relations issues. |
N |
|
| 2) |
Understanding of the fundamental concepts that exist in the fields of social and behavioral sciences as well as the correlation between these concepts |
H |
Exam
|
| 3) |
Ability to analyze the fundamental theories in the field Political Science and International Relations and to assess their reflections into practice |
H |
Exam
|
| 4) |
Ability to critically discuss different aspects of theories and developments in Political Science and International Relations both individually and in the course of group work during classroom discussions. |
H |
Exam
|
| 5) |
Ability to conduct research independently, or with a team, about the developments taking place in the international arena, make foreign policy analyses, develop research-based conflict resolution models, and prepare comprehensive reports using computers and relevant software |
H |
Exam
|
| 6) |
Ability to take decisions as well as to implement these decisions by using the knowledge about the field and the skills that have been acquired during the undergraduate studies |
H |
Exam
|
| 7) |
Ability to recognize the relations between scientific thought and ethical behavior; pay attention to being tolerant and properly defend different ideas, ideologies and belief systems |
S |
Exam
|
| 8) |
Ability to work in international institutions and multicultural environments, with the help of the knowledge on different cultures, societies, political systems as well as linguistic skills acquired during the undergraduate studies |
N |
|
| 9) |
Ability to display language skills in English at minimum B2 level enough for debating with colleagues on issues of Political Science and International Relations, and also display language skills in a second foreign language at minimum A2 level enough for communicating in daily life |
N |
|
| 10) |
Ability to pursue lifelong learning as well as perform advanced/graduate studies in the field Political Science and International Relations and other social sciences disciplines in academic institutions at home and abroad |
N |
|
| Week |
Subject |
| 1) |
What is International Trade? Figures, trends, growth. |
| 2) |
Reasons behind Trade. Principal World Trade players |
| 3) |
Trade models (1) |
| 4) |
Trade models (2) |
| 5) |
Trade Policy Instruments |
| 6) |
The GATTT – WTO (1) |
| 7) |
Midterm exam |
| 8) |
The GATT – WTO (2) |
| 9) |
Trade remedies. Main rules and principles applicable to trade defense mechanisms under GATT, special Agreements (safeguards, Anti-Dumping, Subsidies and other) |
| 10) |
The NAFTA |
| 11) |
The MERCOSUR |
| 12) |
The ASEAN |
| 13) |
The role of the EU |
| 14) |
Bilateral trade relations of the EU (FTAs) |
| 15) |
Final Examination/Project/Presentation Period |
| 16) |
Final Examination/Project/Presentation Period |