EU482      Half Unit
Europe in World Trade

This information is for the 2019/20 session.

Teacher responsible

Dr Johann Basedow CBG 6.11


This course is available on the MSc in European and International Public Policy, MSc in European and International Public Policy (LSE and Bocconi), MSc in European and International Public Policy (LSE and Sciences Po), MSc in European Studies (Research), MSc in Political Economy of Europe, MSc in Political Economy of Europe (LSE and Sciences Po) and MSc in The Global Political Economy of China and Europe (LSE and Fudan). This course is available with permission as an outside option to students on other programmes where regulations permit.

Course content

As globalisation progresses, foreign economic and trade policy acquire ever greater importance for our societies and economies. The purpose of the class is to provide students with a theoretical toolkit and empirical knowledge to analyse the global economy and international trade regime from a European perspective. The course introduces students to theories of international political economy to better understand the workings of EU foreign economic and trade policy-making. It furthermore familiarises students with the role of the EU in the World Trade Organisation, the proliferation of bilateral trade agreements, global value chains, standard-setting and rule-making on world markets, investment protection through Investor-to-State Dispute Settlement (ISDS) and alike. It dwells on the implications of the rise of new economic powers such as China, India or Brazil for EU foreign economic policy and the international trade regime. 


10 hours of lectures and 15 hours of seminars in the LT.

Formative coursework

Students will be expected to produce 1 presentation and 1 essay in the LT.

Indicative reading

  • Gstöhl, Sieglinde, De Bièvre, The Trade Policy of the European Union. Macmillan, Basingstoke, 2018.
  • Hoekman, Bernard, and Michael Kostecki. The Political Economy of the World Trading System. 3rd ed. Oxford: Oxford University Press, 2009.
  • Krugman, Paul, Maurice Obstfeld, and Marc Melitz. International Trade: Theory and Policy: Global Edition. 10th edition, Pearson, 2014.
  • Martin, Lisa, ed. The Oxford Handbook of the Political Economy of International Trade. Oxford University Press, 2015.
  • Meunier, Sophie. Trading Voices: The European Union in International Commercial Negotiations. Princeton: Princeton University Press, 2007. 
  • Oatley, Thomas (ed). The international political economy, Routledge, New York, 2013.
  • Ravenhill, John (ed). The global political economy, Oxford University Press, Oxford, 2014.
  • Woolcock, Stephen, and Nicolas Bayne, eds. The New Economic Diplomacy. 2nd ed. Ashgate, 2007.


Essay (100%, 5000 words) in the LT.

Submission of the essay will be between the Lent Term and Summer Term. 

Key facts

Department: European Institute

Total students 2018/19: 42

Average class size 2018/19: 14

Controlled access 2018/19: No

Value: Half Unit

Guidelines for interpreting course guide information

Personal development skills

  • Self-management
  • Team working
  • Problem solving
  • Communication