Master of International Trade & Development 2012
Master of International Trade & Development 2012
Master of International Trade & Development 2012
Providing broad, flexible capability for a rapidly changing world. Careers in international trade and development increasingly require knowledge and skills that transcend traditional academic disciplines.
Careers in international trade and development increasingly require knowledge and skills that transcend traditional academic disciplines. Government officials, business representatives, officials of intergovernmental organisations, international aid agency employees and others working in todays global environment need a background in economics, international law, trade policy and modern global business in order to effectively surmount the challenges they face in their work. This unique and practical degree, offered by one of Australias top-ranked universities, recognizes the need for a multidisciplinary approach to a modern education that prepares graduates for real jobs in the international arena. Understanding that busy professionals often cannot be absent from their work for extended periods of time, the University of Adelaide has structured the new program in such a way that the 36 unit Master of International Trade and Development (MITD) can be earned after just one year of full time study. The MITD program aims to instill in its students the ability to think and act strategically about international trade and development issues. The program is structured to provide a practically-oriented understanding of global, regional and national trade, investment and development questions. Graduates will leave the program with an ability to put their newly gained knowledge into practice in their workplace. Those completing the MITD can be expected to have: A thorough understanding of the cultural, societal and development aspects of the modern international trade and investment environment; An in-depth background in the practical aspects of modern trade and investment agreements at the multilateral, regional and bilateral level; An ability to recognize and plan for business and government strategies to deal effectively with unanticipated developments in global trade; Up to date information on how the global business environment is evolving through new corporate strategies, improved methods of market analysis and changing competitive dynamics; Recognition of the increasingly important role in trade of technology, development and protection of intellectual property and the degree to which business profits and national prosperity are tied to competitive trade in services; An improved awareness of how governments and the private sector interact with international aid agencies in pursuit of development goals; and, An appreciation for how new issues like labour movement, changing corporate responsibilities and priorities, sustainability, climate change and carbon reduction programs are affecting the context in which trade and development policies are formulated and business leaders decisions impacted.
More InforMaTIon for more information on the Master of International trade and development, contact or visit: Institute for International Trade the University of adelaide T: +61 8 8313 6900 W: www.iit.adelaide.edu.au
The University is associated with five Nobel prize winners, has produced 105 Rhodes Scholars and 120 Fulbright Scholars and is a member of the Group of Eight Australias leading research-intensive universities.
A unique arrangement with the World Trade Organization allows the Institute to benefit from the presence in Adelaide of a WTO Visiting Fellow.
Development Economics
ECON 7058 Semester 1
This course deals with structural aspects of the international trade law system; international customary and treaty law; the relationship between international and national laws; the legal mechanisms to facilitate international dispute resolution for governments and business; and the role of international organisations, including the United Nations, the World Trade Organization, the IMF, World Bank, UNCTAD, UNCITRAL and ICSID. Choice of law and recognition of foreign awards and judgments are also considered in the course.
Following a brief review of methodological issues in legal and economic research, this course focuses on building practical skills essential for contemporary trade analysts and researchers, including the effective use of large and diverse data sets and analytical literature relevant to trade and trade policy decisions by governments, industry groups and firms. The primary goal of the course is to help students develop an understanding of the data and gain sufficient familiarity with principal sources of relevant information to assist them in the completion of their Master of International Trade and Development program and to provide them with a good grounding for their later professional work. Students will acquire experience in: formulating questions/hypotheses relevant to a trade or trade-policy matter; identifying the data needed to develop the question or test the hypothesis; finding relevant prior research; locating and acquiring required data on trade and investment flows, trade barriers and trade resistances; employing appropriate analytical tools; and, preparing and presenting reports of analysis in written and oral form.
In the first of three intensive modules, this course reviews international economic theory as it applies to global trade and introduces basic graphical representations of trade models. The dynamics of the modern globalised economy are examined and students are exposed to social issues that have become intertwined with the operation of the trading system and corporate responsibility issues for multinationals. The module also covers the principal international institutions contributing to the governing of the modern economy. The focus of the second module is the WTO system and the myriad of multilateral trade agreements that form the basis for governance of modern international trade. Principal instruments of trade policy and their economic effects are studied. The module also covers the conduct of trade negotiations and explains the differences between agreements negotiated at the bilateral, regional and multilateral levels. The third module is addressed in part to the politics, mechanics and commercial implications of regional and bilateral trade agreements. Justifications for regional agreements are examined and students are instructed on the operation of dispute settlement mechanisms in Australias bilateral and multilateral agreements. The organisation of the Australian Government for the development and conduct of trade policy is explored and compared to that of the United States. How a business can successfully influence government negotiators through lobbying is also covered in this module.
This course is concerned with the economics of lesser-developed countries, and covers topics including the meaning and measurement of development, demographic change, trade, industrialisation, foreign aid and investment, poverty and income distribution, agricultural development and relevant growth theories.
Economic Principles
ECON 7200 Semester 1
The purpose of this course is to introduce students to the basic principles of macroeconomics and microeconomics so that they can understand economic events and the behaviour of the various economic agents involved, analyse their impact on markets and propose appropriate courses of action. The course is designed to enable students to utilise the tools of economic analysis to perform company and industry competitive
This course provides students with an understanding of many of the key perspectives in development theory, policy and practice. It analyses key principles of effective and sustainable development, including the importance of understanding societal power structures and gender issues. The second part of the course discusses the effect of globalisation on poverty and looks at free trade versus fair trade as appropriate strategic frameworks for alleviating poverty. The course introduces issues surrounding the complex interactions among trade, foreign direct investment, debt and sustainable development.
This intensive course is a core course for the Master of International Trade and Development (MITD) and is also offered as an elective for students pursuing other degree paths at the University of Adelaide. The course is central to the MITD because no student can claim competence in the trade and development area without understanding fully the important area of agriculture and foods role in economic development and international trade. Understanding agricultural policy models, the role of intergovernmental organizations, how supply chains operate in concrete situations and the growing impact of new impediments to trade such as those manifested in private standards are all key to appreciating todays globalized market for agriculture and food. Finally, the food and agriculture area is one that has witnessed dramatic transformation in markets and methods in recent years with retailers gaining an ever greater influence over production and distribution decisions. As with other core courses in the MITD program, this course is designed to give graduates an extra competitive edge by providing them with a practical and case study based background in global production and trade in food and agricultural products. Students exposure in the course of the week to several different and practically experienced experts as lecturers helps to guarantee development of a strong in-depth background in the topic.
Each candidate for the Master of International Trade and Development (MITD) is required to undertake a research project in Winter School. The research project must exhibit original investigation, analysis and interpretation. The research project is written up as a publishable paper of 7,000 to 10,000 words. Students may select their research project from one
of ten to twelve current topics or they may submit an alternative research proposal to be evaluated for its suitability by IIT. The research projects are discussed and assigned at the start of Winter School and are due in mid-September, allowing approximately 2 months for research and drafting. A mid-point consultation with a research supervisor is required and students are encouraged to stay in regular contact with supervisors throughout the second half of the project period.
This course deals with the law applicable to an export transaction in the context of the international trading environment. Through this course, students review the laws regarding negotiable instruments, business activities, insurance, payment and financing mechanisms, as well as dispute resolution provisions in a contract of sale.
In the first module of this course which builds on Trade 5000 (above) - students learn about the typical characteristics of trade policy in non-WTO countries, the implications of accession to the WTO, how production sharing arrangements influence trade policy and economic development, and the role of preferential trade agreements (PTAs) in the modern global economy. Specific reference in made in the module to negotiating issues in preferential trading agreements and experience with four important PTAs. The second module is focussed on practical preparations for entering export markets; partnership possibilities in international trade; and assistance in exporting. The module addresses challenges to importers and exporters, trade complexities affecting new exporters and barriers to exporters, international trade terms (INCOTERMS), risk management and methods of payment, and Australian Government requirements and controls affecting both importers and exporters. In the third and final module, the focus is on the interaction of trade with investment, competition policy and intellectual property rights. The objectives of competition policy are reviewed, including the promotion of economic efficiency and consumer welfare. The relationship between international trade and foreign direct investment is explored in depth and various types on international investment agreements are reviewed. The interaction of trade and intellectual property rights protection is studied from the standpoints of substantive rights and principles, enforcement and international cooperation and case studies on intellectual property rights and trade.
The elective research project in the second semester is organized in the same way as the mandatory research project in winter school. In order to succeed in this course, a completed student project must exhibit original investigation, analysis and interpretation. The research project must be written up as a publishable paper of 7,000 to 10,000 words. Students may select their research project from one of ten to twelve current topics or they may submit an alternative research proposal to be evaluated for its suitability by IIT. The research projects are discussed and assigned at the start of the second semester and are due in late October, allowing approximately 3 months for research and drafting. A mid-point consultation with a research supervisor is required and students are encouraged to stay in regular contact with supervisors throughout the second half of the project period.
those backbone services whose efficient functioning is essential for the emergence of a successful and competitive private sector such as banking, telecommunication and transport services. Next, the course focuses on those areas of traded services where great potential lies for developing countries, including health, education and tourist services but also the development of rural and agricultural services. The third section of the course focuses exclusively on the role of labour markets and the temporary movement of labour between nations. Students will be exposed to the economic and social issues around the treatment of labour mobility in trade agreements and reasons for and against guest worker schemes. The course concludes with an update about the treatment of trade in services in contemporary trade agreements and a discussion of appropriate strategies for developing countries to capture the benefits from trade in services in the future.
eLeCTIVe Courses MITD candidates must elect to do three of the following six elective courses in the second semester of the academic year.
This course explores the growth and role of global firms and their significant interaction with the international trade architecture. It discusses how trade and investment opportunities are vital to the ongoing growth and sustainability of firms and why trade agreements can have a substantial impact on the investment and trade strategies used by Multinational Companies (MNCs). The course reviews and develops understanding of key concepts of corporate social responsibility, triple-bottom line accounting, sustainability reporting and risk management in terms of their current relevance to global firms and their trade and investment decisions. Students are offered a unique insight into how contemporary corporations are dealing with both internal (such as transparency and management issues) as well as external risk factors (such as poverty and environmental challenges), with the aim of enabling students to undertake a balanced and critical analysis of the future role of MNCs in contributing to sustainable development outcomes.
This course examines issues related to aid effectiveness and Aid for Trade. It begins by examining the debate over whether aid has been effective in promoting economic growth and poverty reduction in developing countries in recent decades. It then moves on to a discussion of the factors that shape aid effectiveness, including contextual political economy factors and factors related to the ways in which donors deliver and administer aid. This then forms the basis for analysing the role and effectiveness of Aid for Trade. As a relatively recent phenomena, Aid for Trade is analysed for the potential contribution it can make to the achievement of more sustainable trade related development goals and its role in assisting developing countries to meet the Millennium Development Goals. Practical case-studies are featured throughout the course.
At a time when carbon taxes are generating much controversy in many countries, including Australia, this course provides a critical analytical framework to assess various policies in climate change mitigation and adaptation. It also provides a sound theoretical basis for the application of a number of market-based policy instruments such as carbon taxes and emissions trading schemes. Most importantly, the course provides you with the tools necessary to assess the relative merits of various climate change policies that will increasingly be put forward by governments, international organisations, NGOs and other stakeholders. This course will prepare you for a career in policy advising with government agencies, industry associations and consultancies.
This course examines the interactions between economic, political, strategic and legal aspects of international trade and investment policies at national, regional and global levels. This includes the ways in which WTO Members both affect, and are affected by, regional and multilateral trade and economic integration agreements.
The course examines the important role trade in services can play in assisting with the economic growth and development of emerging and developing economies. The role of services is divided into three sections: the first looking at
ADDITIonAl INFORMATION
Entry rEquirEmEnts
Applicants for the Master of International Trade and Development degree must have qualified for a Bachelor degree of the University of Adelaide or a degree of another institution accepted by the Faculty of the Professions as equivalent to a degree of the University of Adelaide.
Trade Organization (1999-2002) and as a senior official of the Office of the United States Trade Representative, Executive Office of the President (Washington, DC). He holds an MBA in International Business from George Washington University and a BSFS in International Economic Affairs from Georgetown University.
In exceptional cases, a candidate who does not fully satisfy the above requirements may be accepted for the Master of International Trade and Development upon presentation of evidence satisfactory to the Faculty of fitness to undertake work for the program.
CoursE FEEs
The overall tuition fee for the one-year, 36-unit Master of International Trade and Development is: Domestic Students: International Students AUD $29,000 AUD $42,500
DisCLAimEr
With an aim to continual improvement the University of Adelaide is committed to regular reviews of the courses and programs it offers to students. As a result, the specific courses available to students may vary from year to year. For updated information: Programs: www.adelaide.edu.au/programs Tuition Fees: www.adelaide.edu.au/student/finance/ commonwealth/contribution/#sc The University of Adelaide assumes no responsibility for the accuracy of the information provided by third parties. The University of Adelaide 2012
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