Commodity Trade and Pricing

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Abstract

This subject provides an introduction to international agriproduct trade policy and competitiveness. It begins with an exploration of the basic theoretical framework for understanding the benefits of trade, and will explore indepth why there are barriers to trade and why international trade rules are so important. It then examines agriproduct trade policy with a particular emphasis on new trade barriers and the role of the World Trade Organisation. The subject also looks at the importance of managing commodity prices, the various factors that affect commodity prices and analyse a risk management strategy policy.

Syllabus

the theory of international trade (classical, neo-classical, strategic, political economy of protectionism, constitutional political economy of trade)an overview of agriproduct trade policy (trade-distorting agricultural policies, agricultural trade in WTO and new trade barriers, bilateral and multilateral trade agreements);approaches for commodity pricing (importance of managing commodity prices, the various factors that … For more content click the Read More button below.

the theory of international trade (classical, neo-classical, strategic, political economy of protectionism, constitutional political economy of trade)
an overview of agriproduct trade policy (trade-distorting agricultural policies, agricultural trade in WTO and new trade barriers, bilateral and multilateral trade agreements);
approaches for commodity pricing (importance of managing commodity prices, the various factors that affect commodity prices, and analysing risk management strategy policy).

Learning outcomes

Upon successful completion of this subject, students should:

be able to demonstrate the strategy and basis of the gains from trade;

be able to explain the basis of agricultural protection and evaluate its impact on agricultural trade;

be able to explain and critically analyse the role of the International Trade Agreements involving agriproducts and the growth of new barriers to trade;

be able to evaluate the importance of managing commodity prices, the various factors that affect commodity prices and analyse a risk management strategy policy.

Assumed knowledge

Equivalent to AGB110 Agricultural Economics