EU482      Half Unit
Europe in World Trade

This information is for the 2020/21 session.

Teacher responsible

Dr Johann Basedow CBG 6.11


This course is available on the MSc in European Studies (Research), 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 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

After decades of globalisation and trade liberalisation, the world economy faces significant protectionist challenges. The global Covid-19 pandemic, the spread of populism and the US-China trade war put considerable pressure on global value chains, the international trade regime and global governance. The purpose of this course is to provide students with the necessary knowledge to understand and analyse the EU’s role in the global economy and evolving international trade regime. It familiarises students with the workings of EU trade and foreign economic policy and the World Trade Organisation. It further introduces students to different substantive trade domains including goods and services trade, trade defence instruments, the diffusion of free trade agreements, investment regulation and investor-to-state dispute settlement as well as sources of regulatory power in world markets. It also dwells on the implications of the rise of new economic powers such as China and India for EU trade and foreign economic policy and the World Trade Organisation.


This course is delivered through a combination of seminars and lectures totalling a minimum of 27.5 hours across Lent Term.  This year, some or all of this teaching will be delivered through a combination of recorded lectures, flipped lectures (online discussion of lecture materials), and in-person (or if a School closure should demand it online) seminars. This course includes a reading week in Week 6 of the Lent Term. A review session will be held at the start of the Summer Term to prepare for the online assessment.

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.
  • Woolcock, Stephen. European Union Economic Diplomacy: The Role of the EU in External Economic Relations. Global Finance Series. Burlington: Ashgate, 2011.


Online assessment (100%) in the ST.

The online assessment for this course will be administered via Moodle.  Questions will be made available at a set date/time and students will be given a set period in the ST to complete the answers to questions and upload their responses back into Moodle.

Important information in response to COVID-19

Please note that during 2020/21 academic year some variation to teaching and learning activities may be required to respond to changes in public health advice and/or to account for the situation of students in attendance on campus and those studying online during the early part of the academic year. For assessment, this may involve changes to mode of delivery and/or the format or weighting of assessments. Changes will only be made if required and students will be notified about any changes to teaching or assessment plans at the earliest opportunity.

Key facts

Department: European Institute

Total students 2019/20: 58

Average class size 2019/20: 15

Controlled access 2019/20: Yes

Value: Half Unit

Guidelines for interpreting course guide information

Personal development skills

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