The impact of NAFTA (North American Free Trade Agreement or the current free trade agreement between Canada, USA and Mexico) on economic growth in Canada and/ USA


Each student will write a paper (10 pages in length or 2000 words excluding the title page, the abstract, the table of content, the bibliography and any appendices) examining specific aspects of trade policy/theory. Any topic discussed in class could be used in your essay. You can also apply any topic in the course if you wish on any country of interest. Topics such as trade restrictions, free trade, globalization, the impact of free trade on economic growth and development could be applied to a specific country or could be used in comparing one country with another. The paper should be presented in form of an argument, where your thesis is clearly stated in the beginning. Course Topics 1. Labour Productivity and Comparative Advantage: The Ricardian Model 2. Specific Factors and Income Distribution 3. Resources and Trade: The Heckscher-Ohlin Model  4. The Standard Trade Model 5. Economies of Scale, Imperfect Competition, and International Trade  6. International Factor Movements 7. The Instruments of Trade Policy 8. The Political Economy of Trade Policy  9. Trade Policy in Developing Countries Problem or Topic Statement and Background (20%) Give adequate background information. Identify the problem. Support the problem description with references, data, etc. List tools / options that will be discussed. Try to outline the issue objectively. State the objective clearly. etc. Analysis (40%) What are the options / alternatives? (including doing what we do now). Describe the pros and cons of the approaches, and/or describe the steps to be taken to make an alternative course of action useful in solving the problem. Be analytical rather than descriptive. Use proper terminology. Support with references / sources: and try to use scientific references, scholarly books, etc. Be critical with your choices of literature. Don’t cite the lecture notes (cite the textbook or a scientific paper). Try not to use personal communications. Figures are great – but use them (refer to them) in the text so that the reader knows why they are there. etc. Conclusions and Recommendations (20%) What do you recommend? Why? Not just a “yes” or “no” but how and why. What are the key uncertainties that need to be resolved before an approach can be recommended? What research is required to address these key uncertainties? Do not put new information in the conclusions section. Composition and Communication 10% Organize (construct an outline or structure to address the issues; identify what to say, then how to say it). Use a professional style of writing – not a newspaper. Write objectively. Don’t just use a thesaurus. Don’t use colloquialisms. Use references / support. Style (10%) References – use full citations and be careful of formats. No inflammatory words. Check grammar and spelling. Proofread.

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