International Trade Agreements

Korea University

Course Description

  • Course Name

    International Trade Agreements

  • Host University

    Korea University

  • Location

    Seoul, South Korea

  • Area of Study

    Business, International Trade

  • Language Level

    Taught In English

  • Prerequisites

    A course in the principles of economics is a prerequisite for this course. Students who think this should be waived may apply to the instructor.

  • Course Level Recommendations


    ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.

    Hours & Credits

  • Credits

  • Recommended U.S. Semester Credits
  • Recommended U.S. Quarter Units
  • Overview

    Course Guide and Reading List:

    I Background: Trade Theory
    A Comparative Advantage (ch. 1)
    B International Equilibrium (ch 4)

    II Protection
    A Tariffs and Trade Theory (ch 7)
    B Commercial Policy (chs 8 and ch 9, secs 1 – 5)
    C Political Economy
    [Background references, NOT required:
    Hillman, A. L., Declining Industries and Political-Support Protectionist Motives,
    AMERICAN ECONOMIC REVIEW, 1982, pp 1180-1187.
    Mayer, W., Endogenous Tariff Formation, AMERICAN ECONOMIC REVIEW, 1984,
    pp 970-985].

    III The Rationale of Trade Agreements
    [Background references, NOT required:
    Mayer, W., Theoretical Considerations on Negotiated Tariff Adjustments, OXFORD
    ECONOMIC PAPERS, 1981, pp 135-153.
    Bagwell, K. and R. W. Staiger, The Economics of the World Trading System, 2002
    (Cambridge: MIT Press). Ch 2].

    IV Multilateral Trade Agreements
    Ch 9, secs 6 – 13.
    [Background references, NOT required:
    Viner, J., 1931. The Most-Favored Nation Clause, in: J. Viner, 1951,
    INTERNATIONAL ECONOMICS, The Free Press, Glencoe, IL.
    Ethier, W. J. “Theoretical Problems in Negotiating Trade Liberalization,” EUROPEAN
    JOURNAL OF POLITICAL ECONOMY 17, 2001, pp 209–232].

    V National Trade Policy with Multilateral Trade Agreements
    [Background references, NOT required:
    Finger, J. M., Hall, H. K. and Nelson, D. R. (1982), The Political Economy of
    Administered Protection, AMERICAN ECONOMIC REVIEW 72: 452-466.
    Ethier, W. J. “Unilateralism in A Multilateral World,” THE ECONOMIC JOURNAL 112
    (479), 2002, pp 266–292]

    VI Regional Trade Agreements
    ch 20, sections 1 – 4.
    [Background references, NOT required:
    Ethier, W. J. “The New Regionalism,” ECONOMIC JOURNAL 108 (449), 1998, pp

    VII The International Commercial System
    [Background references, NOT required:
    Ethier, W. J. “The International Commercial System,” ESSAYS IN INTERNATIONAL
    FINANCE No. 210, September 1998 (Princeton: International Finance Section)].

Course Disclaimer

Courses and course hours of instruction are subject to change.