IR468 Half Unit
The Political Economy of Trade
This information is for the 2021/22 session.
This course is available on the MSc in International Affairs (LSE and Peking University), MSc in International Political Economy, MSc in International Political Economy (LSE and Sciences Po), MSc in International Political Economy (Research) and MSc in Political Science and Political Economy. This course is available with permission as an outside option to students on other programmes where regulations permit.
All students are required to obtain permission from the Teacher Responsible by completing the online application form linked to course selection on LSE for You. Admission is not guaranteed.
This course has a limited number of places (it is controlled access) and demand is typically high.
The course begins with a discussion of the ideational factors that have shaped and continue to shape trade policy, before introducing some of the core analytical models that help with our understanding of the political economy of trade. The course then covers the nature of trade and investment in the 21st century, including among other things the impact of the growth of global supply chains on the political economy of trade and investment. The domestic and international institutional frameworks within which trade and investment policy are conducted are discussed. The course then considers some of the underlying trends in trade towards the use of preferential and plurilateral rather than multilateral approaches. There is coverage of the links between trade and development, the main topics in current negotiations including agriculture and food security, trade in manufactures, services and investment, digital trade and sustainable trade. The current crisis in the world trading system is discussed as are the sources of international trade frictions.
This course is delivered through a combination of seminars and lectures totalling a minimum of 20 hours across Lent Term. This year, some or all of this teaching will be delivered through a combination of online lectures and in-person classes/classes delivered online.
Students on this course will have a reading week in Week 6, in line with departmental policy.
Students will be expected to produce 1 essay in the LT.
The formative essay is 2,000 words.
- Heydon. K and Woolcock. S (eds) (2012) The Ashgate Research Companion to International Trade Policy, HF 1379 A 82: e-book and hard copies available.
- Hoekman. B and Kosteki. (2009) The Political Economy of the World Trading System HF 1359 H69 e-book available but reasonably price in paperback so something to purchase.
- Martin. L (ed) (2014) Oxford Handbook of The Political Economy of International Trade, available as an e-book.
Take-home assessment (100%) in the ST.
Course selection videos
Some departments have produced short videos to introduce their courses. Please refer to the course selection videos index page for further information.
Student performance results
(2017/18 - 2019/20 combined)
|Classification||% of students|
Important information in response to COVID-19
Please note that during 2021/22 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 differing needs of students in attendance on campus and those who might be studying online. For example, this may involve changes to the mode of teaching 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.
Department: International Relations
Total students 2020/21: 57
Average class size 2020/21: 10
Controlled access 2020/21: Yes
Value: Half Unit
Personal development skills
- Team working
- Problem solving
- Application of information skills
- Application of numeracy skills
- Commercial awareness
- Specialist skills