EC114 Class Week 8

For classes in week 8 (on March 3), we are looking in more detail at material covered in week 5’s lectures: trade and globalisation.

Questions

1. What is TTIP? Do some online research and set out the economic facts surrounding TTIP.
2. What economic theories can be invoked to discuss TTIP? Can unambiguous conclusions be made regarding its welfare implications?
3. Do you have any sympathy with the critics of TTIP?

Sources (non-exhaustive!)

• BBC: “TTIP: Transatlantic trade deal text leaked to BBC”, 26 February 2015
• FT Advisor: “Treaty or Trick: the TTIP will benefit UK”
• Guardian: “This transatlantic trade deal is a full-frontal assault on democracy”, George Monbiot
  • Guardian: “This EU-US trade deal is no ‘assault on democracy’”, Ken Clarke
• Independent: “What is TTIP? And six reasons why the answer should scare you”
• Wikipedia: Transatlantic Trade and Investment Partnership