This course studies the world trading system and the most important international institutions involved in the control of international trade. It considers their organisational structure, their powers and objectives and the impact of their activities on member countries - and others. It focuses on the period since the Second World War. The institutions considered are the GATT, the UNCTAD and, in much more detail, the WTO. The course will also discuss recent controversies over the activities of these organisations as well as aspects related to the applied analysis of trade data, policies and negotiations.

Upon successful completion of the course, students will have obtained an insight into some of the most important issues of international trade policy, and of the role of the main international agencies involved in their resolution. On completion of the course students will have deepened their understanding of the world economy. They will also have improved their written communication skills in preparing the term paper for the course.