IR468      Half Unit
The Political Economy of Trade

This information is for the 2024/25 session.

Teacher responsible

Dr Boram Lee CBG.8.09

Availability

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 (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.

Course content

This course examines how politics shape policies and institutions that govern international trade. The course is divided into three modules: i) introduction, ii) theories, and iii) topics in international trade. After the introductory week, the course surveys classical readings that provide different approaches to international trade. During the theory module, students will investigate how geopolitics, interest groups, institutions, and ideas shape international trade. Students will compare different arguments and evidence provided by scholars of these traditions and build foundations to apply these perspectives to analysing new topics in international trade. Once the theory module is complete, students will apply these theoretical approaches to new topics in international trade. This module focuses on a variety of topics: trade and climate, trade as a human rights strategy, the World Trade Organization, US-China trade war, populism & trade-related welfare policies, intellectual property rights, and negotiations of bilateral & plurilateral trade deals. Students will examine competing IR and political science theories that explain trade policy outcomes, and use those theories in analysing important topics on trade. Most of the required readings are by IR scholars and political scientists who are grappling with international trade policies from political science/IR perspectives. They are recently published journal articles, book chapters, and case studies.

Teaching

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

Students on this course will have a reading week in Week 6, in line with departmental policy.

Formative coursework

Students will be expected to produce 1 essay in the WT.

Students will do a 7-minute presentation during seminar. In the presentation, students will choose a reading and critically assess it, comparing it to other essential readings. They will articulate how the chosen reading helps answer an important question or not and compare the author’s approach to other approaches. Critical thinking is an important component that will help students do well in the summative exam.

Indicative reading

Davis, Christina L. Food fights over free trade: how international institutions promote agricultural trade liberalization. Princeton University Press, 2011.

Gowa, Joanne. Allies, adversaries, and international trade. Princeton University Press, 1995.

Woll, Cornelia. Firm interests: How governments shape business lobbying on global trade. Cornell University Press, 2008.

Steinberg, Richard H. "In the shadow of law or power? Consensus-based bargaining and outcomes in the GATT/WTO." International organization 56.2 (2002): 339-374.

Mutz, Diana C. Winners and losers: The psychology of foreign trade. Vol. 36. Princeton University Press, 2021.

Assessment

Take-home assessment (100%) in the ST.

Student performance results

(2020/21 - 2022/23 combined)

Classification % of students
Distinction 19
Merit 63.7
Pass 17.3
Fail 0

Key facts

Department: International Relations

Total students 2023/24: 60

Average class size 2023/24: 15

Controlled access 2023/24: Yes

Value: Half Unit

Guidelines for interpreting course guide information

Course selection videos

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Personal development skills

  • Leadership
  • Self-management
  • Team working
  • Problem solving
  • Application of information skills
  • Communication
  • Application of numeracy skills
  • Commercial awareness
  • Specialist skills