Study-Unit Description

Study-Unit Description


TITLE European Union Trade Policy

LEVEL 03 - Years 2, 3, 4 in Modular Undergraduate Course


DEPARTMENT European Studies

DESCRIPTION The study-unit gives an introduction to the main economic theories of international trade and the economic effects of barriers to trade and other forms of trade protectionism. Issues concerning international trade agreements, including the role of the World Trade Organization (WTO), are covered. Once the analytical foundation has been developed, focus is placed on EU trade and integration. The course reviews the EU trade policy agenda, placing particular focus on issues related to international competitiveness, industrial policy, unemployment, the environment and economic development.

Study-unit Aims:

The unit aims to introduce economic trade theories and analytical trade policy tools to study EU's trade policy. Students are to acquire the necessary skills to analyze causes and effects of EU trade policy.

Learning Outcomes:

1. Knowledge & Understanding:
By the end of the study-unit the student will be able to:

- describe trade theory fundaments and implications;
- provide arguments for and against trade protectionism;
- identify market and welfare effects of various trade policies;
- evaluate EU’s trade policy position;
- discuss the rationale and implications of preferential trade agreements;
- describe economic underpinnings of international trade agreements;
- identify the EU trade policy position in relation to main topics on the EU policy agenda.

2. Skills:
By the end of the study-unit the student will be able to:

- apply economic trade theory analysis to EU’s internal and external trade;
- analyze the causes and effects of EU trade policy from an economic perspective.

Main Text/s and any supplementary readings:

Krugman, Paul R.,Obstfeldt, Maurice and Marc J. Melitz (2012), ‘International Economics: Theory and Policy’, Pearson Education Limited, 9th Edition.

Additional reading material
Artis, Mike &Nixson, Frederick (2007), 'The Economics of the European Union', Oxford University Press, 4th Edition.
El-Agraa, Ali (2007) 'The European Union Economics and Policies', Cambridge University Press, 8th Edition.
Pelkmans, Jacques (2006) ' European Integration Methods and Economic Analysis', Pearson Education Limited, 3rd Edition.

- European Union history website
- European Commission website
- Eurostat website
- World Trade Organisation website


Assessment Component/s Assessment Due Resit Availability Weighting
Presentation SEM2 No 25%
Examination (2 Hours) SEM2 Yes 75%

LECTURER/S Susanna Thede

The University makes every effort to ensure that the published Courses Plans, Programmes of Study and Study-Unit information are complete and up-to-date at the time of publication. The University reserves the right to make changes in case errors are detected after publication.
The availability of optional units may be subject to timetabling constraints.
Units not attracting a sufficient number of registrations may be withdrawn without notice.
It should be noted that all the information in the description above applies to study-units available during the academic year 2021/2. It may be subject to change in subsequent years.