Name:	Mr Peter Gallagher
Role:	Course Coordinator and Associate Expert, IIT
Email:	peter@petergallagher.com.au

On successful completion of the course, students will be able to:

1	Understand theoretical basis and discuss the evidence for the role firms play in driving trade and the impact this has on productivity growth in the economy
2	Discuss the nature of the choices firms make about the form of their international marketing (trade, investment, licensing)
3	Explain the structure and role of MNEs in trade
4	Understand, review analyse the economic and social environment in which MNEs operate
5	Understand and explain the relationship between firms and the global trade architecture
6	Analyse and evaluate policy issues affecting trading firms such as regulatory impediments ('trade facilitation'), corruption and bribery, competition policy and cartel behaviour

Required readings will be provided online via MyUni. 

Students will find it helpful to consult the relevant chapters of a good recent international economics textbook (e.g."International Economics: Theory and Policy (10th Edition) " Paul R. Krugman, Maurice Obstfeld and Marc Melitz) on the theory of "heterogenous firms" and the relationship of this modern view to classical theories of trade.

A highly-recommended (gentle) introduction to these ideas can be found on-line in the "Marginal Revolution University" video-courses by Tyler Cowan and Alex Tabarok (George Washington University) at: http://www.mruniversity.com/courses/international-trade. "International Trade and the Firm" (Parts 1 and 2) are especially relevant.

• UK website on C.S.R.:  www.article13.com
• The corporate responsibility coalition of NGOs – CORE:  www.corporate-responsibility.org
• Journal on corporate responsibility and business ethics:  www.business-ethics.com
• Centre for Research on Globalisation and Economic Policy, Nottingham University: www.nottingham.ac.uk/economics/leverhulme
• Globalisation Studies Network (GSN) at International Development Research Centre (IDRC).  www.idrc.ca
• Monash Institute for the Study of Global Movements: www.globalmovements.monash.edu.au
• http://evolvingchoice.com/    Locally established blog on CSR issues – worth checking out.
• Australian Centre for Corporate Social Responsibility - http://www.accsr.com.au/
• CSR Asia - www.csr-asia.com
• CSRWire - http://www.csrwire.com/
• APEsphere - http://www.apesphere.com/
• Acumen Fund - http://www.acumenfund.org/
• Just Means - www.justmeans.com
• FTSE4Good - http://www.ftse.com/Indices/FTSE4Good_Index_Series/index.jsp
• Greenbiz - www.greenbiz.com
• Geoff Wells, sustainable business lecturer at UniSA - http://www.geoffwells.com/
• Kellie McElhaney,  Berkeley Haas School of Business: www.alternatives.ie/news/article/learnings_from_silicon_valley_latest_thinking_on_corporate_social_responsi
• Dow Jones Sustainability Index: http://www.investopedia.com/terms/d/djones-stoxx-sustainability.asp
• Nestle and Creating Shared Value, http://www.nestle.com/csv

The three modules will provide an interactive environment of presentations, discussion and debate. Throughout the course there will be lectures and/or video presentations from the course coordinator and invited guest speakers followed by group workshops and discussions, student presentations and a possible visit to a global firm operating in South Australia. Active debate around the future of global firms and their role in sustainable trade and development will be strongly encouraged.

The information below is provided as a guide to assist students in engaging appropriately with the course requirements.

The Institute expects students undertaking this elective to attend each of the three modules. This course comprise of approximately 36 contact hours (structured learning). In addition to time spent in class, students in TRADE 7007 are expected to devote an additional 120 non-contact hours to study in this course.

Module 1

> In this course we are going to take a closer look at how trade takes place and the role of private firms, not only in making it happen but in delivering the economy-wide benefits of trade

* Exchange makes the world go round
* See *Exchange and Wealth*
* Where do the economy-wide benefits come from?
* See *Trade Theory Old and New*
* Current trade theories are based on evidence about "heterogeneous firms"
* How many and what kinds of firms decide to trade?
* What do we know about the differences between productive trading firms and others?
* See *Firms Structure and Partcipation in Trade*
* Why do MNEs exist?
* Investment vs Trade
* Licensing and transaction costs
* Export or invest?
* Clusters and aggregation
* Industry economies of scale and heterogeneous firms

Module 2

> The history and development of international business.To understand how things are --- and how they might turn out --- you need to ask how they got that way

* See: *A Short History Of MNEs*
* See: *The World Economy and MNEs since 1945*
* Pre-modern (Charter companies)
* First 'globalization' before the Great War
* Great Depression to 1960s
* US Models predominate
* Self-determination (decolonisation) and MNEs
* "Exploitation"
* "De-industrialization"
* "Social responsibility"
* See *MNEs, Social Responsibility & Trade*
* Anti-capitalist outbursts
* Resources, "Club of Rome", envrionment
* What did the "Asian Tigers" discover?
* Second Globalization
* The stagnation of trade since 2010
* Official agreements
* See: *MNEs, Multilateral Trade and Investment Treaties*
* Business role
* Cooption, coertion
* WTO
- Largely inaccessible, not especially relevant to business interests
- Except to the extent the agreements constrain governments
* Investment agreements and disputes ('expropriation')
* ISDS provisions in FTAs

Module 3

> Captialism (McCloskey's 'trade-tested betterment') works as a system when competition is vigorous and prices offer both investment signals and incentives to perform. Firms may seek to avoid competitive pressures by collusion; in the case of international trade governments sometimes give firms incentives to do so. Government regulations may weaken the benefits of competition in other ways, too; for example by tying competitors up in 'red tape'.

* Competition and its limits
* National treatment, red-tape
- WTO Agreement on Trade Facilitation
* Official corruption
- 'Facilitation' payments and bribery
* International and national regulation of corrupt practices
* International cartels
- OECD & Doha round 'competition' proposals
* Private international infrastructure
* INCOTERMS
* Commercial credits and banking standards
* Commercial arbitration and mediation (the ICC 'Court')
- Recognition of international awards
* Industrial and marketing standards

In keeping with the practical, rather than theoretical orientation of this elective, we will assess students on their class participation, in class tests, presentations and the successful completion of their assignments. Details of the assignments will be discussed with students in the first session of the course. The assessment components are as follows:

Assessment Task	Task Type	Due	Weighting	Learning Outcome
Assignment 1: Critical Analysis	Summative	TBC	5%	1,2
Assignment 2: Comparative Analysis	Summative	TBC	20%	3,4,5
Assignment 3: Investigative Resarch Presentation & Report: (a) Presentation (b) Major Report	Summative	TBC	(a) 5% (b) 65%	1,2,3,4,5,6
Participation in all three modules	Summative	-	5%	1,2,3,4,5,6

Detailed information will be provided in the class and made available in MyUni.

Assignments must be submitted as follows:

1. Softcopy through Turnitin on MyUni


All assignments must be presented professionally with clear headings, appropriate referencing and using one and a half spacing.

Extensions will only be granted if requests are received in writing to the course coordinator at least 24 hours before the final due date unless they are requested on medical or compassionate grounds and are supported by appropriate documents. Late assignments will be penalised.

Your assignment must include the IIT assignment cover sheet which can be downloaded from MyUni under “Assignments”. Each page must be numbered with your student ID and name.

Please contact the course coordinator, preferably by email, for assistance or guidance in relation to course work, assignments or any concerns that may arise. Assignments will normally be returned two weeks after they have been submitted.