A view over Tower Bridge and the River Thames, London

London: Economy, International Trade, & Brexit

  1. Program Details

    Examine London and its changing role in international trade in a globalized, post-Brexit world.

    Location London, United Kingdom
    Term May Session
    Housing Apartment
    Credit Type Resident Credit
    Sponsor Learning Abroad Center

    Program Eligibility

    GPA 2.5
    Student Type UofM Students, Non UofM Students
    Student Year Freshmen, Sophomores, Juniors, Seniors, Graduate Students
    Language No Language Prerequisite
  2. About London: Economy, International Trade, & Brexit

    Between the late 16th and early 18th centuries, the British Empire became the largest in history and a dominant global power. London has since emerged as an international city and one of the leaders in global commerce, given its long history of colonization and globalization. This seminar will examine the role of international trade in London and how it has affected everyday London socio-economic life. Importantly, we will examine trade from the beginning of the British Empire through the colonization period to its pre-Brexit and post-Brexit years.

    Course Description

    The course will be segmented in two parts: 1) London and its role in international trade in the global world and 2) London and pre- and post-Brexit.

    History shows that London’s economy has mostly been shaped by trade with its global partners. London’s interconnectedness with the global economy has given rise to increase in trade over the years and has had an important impact on the structure of its economy. The city also attracts investors from all over the world. Openness to trade is vital for any economy since free trade increases the size of markets, encourages specializations, increases returns to innovation, and encourages competition and efficiency. This segment of the course will provide an overview of how London’s economy has changed over the years. We will also show that the forces of trade helped London to shift from lower productivity to higher-productivity activities.

    Since Brexit, the United Kingdom is free to sign deals with countries that have no existing EU deals like the US. They are now also able to negotiate free trade deals with the EU after the transition period. We will discuss how Brexit is affecting the UK-Ireland relations and the peace process in Northern Ireland, as well as analyze Brexit’s impact on people crossing borders, on goods crossing borders, and on Ireland. The course will conclude with the study of Brexit’s impact overall on London’s economy and its people.

    Housing & Meals

    You will live in shared housing with other program participants. Welcome and farewell meals, and some other additional meals, are included in the program fee. Additional meals can be prepared in the housing or taken at local eateries.

    Excursions

    The program will largely be centered in London. Excursions may include:

    • House of Commons in the Parliament
    • Council on Foreign Relations
    • The Institute for Government
    • Walking tour of the Docklands
    • Docklands Museum
    • Imperial War Museum
    • Museum of London
    • Tower of London
    • National Maritime Museum
    • Canary Wharf Tour - financial sector

    Flight

    All program participants will take the coordinated group flight to and from the program site. The cost of the group flight is included in the program fee that will be posted to your student account. Do not book your own flight; you will receive information from the Learning Abroad Center about your seat on the group flight once your participation has been confirmed.

    It might be possible to deviate your return flight. Inquire with your program contact if interested.

    Learning Outcomes

    • Develop independence by challenging yourself in a new environment
    • Explore a specific topic through experiential and interdisciplinary approaches
    • Function as an effective team member by utilizing your personal strengths in a group setting

    Faculty & Staff

    Fahima Aziz is a Lecturer in the Economics Department of the College of Liberal Arts who has focused largely on international business and finance throughout her teaching career.

    About the Learning Abroad Center

    Learning Abroad Center programs are:

    • Affordable: our programs are cost effective.
    • Academically strong: many programs have strong University of Minnesota departmental support and offer pre-approved courses for many majors.
    • Culturally rich: regardless of the program you choose, you will have the opportunity to immerse yourself in the local culture.
    • Expertly managed: our staff in Minnesota and abroad are trained professionals and are always available to answer your questions from extensive pre-departure advising and online orientations to reentry programming. Your safety and well-being are paramount, and we work hard to ensure you have a rewarding and safe experience abroad.
  3. Program Structure

    Program Type Instructor-Led
    Program Level 4000-level course

    Global Seminars are 3-week study abroad programs led by University of Minnesota faculty and staff that feature:

    • Intensive learning in a location that illuminates the topic
    • Small groups of 15–25 students
    • No prerequisites or language requirements
    • Included excursions and cultural activities
    • Instruction in English

    Coursework

    Coursework will include class attendance, a group project and presentation, assignments, and a final paper, as well as a learning reflection.

    Receive credit for: ECON 4XXX (course number forthcoming)

  4. Dates & Deadlines

    Submit the online application and complete the assigned application checklist according to the appropriate deadline:
    Term Program Dates Priority Application Deadline* Final Application Deadline
    May Session 2021 May 14 – Jun 6, 2021 February 1, 2021 March 1, 2021

    Program dates are subject to change.

    If the deadline falls on a weekend, submit your materials on the following business day.

    Important Note: Enrollment on this program is limited to 16 students. Admission is granted on a rolling basis and applications are reviewed in the order they are completed. Some programs may fill to capacity prior to the application deadline, therefore applying early is recommended. Additionally, applying early will allow for more time to plan ahead and prepare for the program.

    Orientation Dates & Locations

    Orientation will be conducted in 2 parts: an online orientation, which is mandatory for all students, and an in-person, program-specific session. You will receive more information about the online orientation via email. Failure to complete the online orientation will impact your ability to go abroad.

    See below for tentative dates and times for your in-person session. You will be notified of the official date and time via email. Participants will receive applicable orientation materials via email approximately 1 week prior to the in-person session.

    Term Abroad Date/Time Location
    May session 2021 TBD TBD
  5. Priority Deadline

    If you apply by the priority deadline and confirm within the allotted time you will receive the published program fee. Applying after the priority deadline and/or not confirming within the allotted time means you may be subject to an airfare increase.

    Fees for London: Economy, International Trade, & Brexit

    May 2021 Cost of Participation 

    Program fees can vary widely due to location, cost of living, airfare, and program inclusions. The program fee generally includes tuition, group flight airfare, airport transfers, in-country program related transportation, housing, some meals, entrances to course-related excursions and site visits, program administration, and international health insurance. You must also budget for passport and passport photos, additional meals, textbooks, independent travel, and miscellaneous living expenses.

    If you do not see a budget estimate for the term you intend to go abroad, the fee has not yet been finalized. We strive to post fees for this program at least 30 days prior to the application deadline. The Learning Abroad Center will delay the posting of some fees until enrollments, inflation and exchange rates are determined. Note the average increase in fees will be 3–10%. Program fees are based on estimates and may change depending on international economic factors.

    Billing & Payments

    Visit Billing for information about the billing process for application fees, deposits, and program fees.

    Financial Aid & Scholarships

    Visit Financial Information for information on using financial aid and scholarships for study abroad.

    Cancellation Policy

    Before you apply to or confirm your participation on this program, review the Learning Abroad Center's Cancellation Policy to inform yourself of the timeline and financial obligations for canceling.
  6. Prepare

    Complete pre-application advising.

    Be aware: All programs require a $50 application fee. This fee will be charged to your student account upon submission of an online application.

    To complete the online application for this program, you will need to select or provide the following information on the online application:

    Center Name TC Learning Abroad Ctr
    Education Abroad Term May Session 2021
    Program Name Global Seminar: London: Economy, International Trade & Brexit
    Track Name London: Economy, International Trade & Brexit
    Country United Kingdom

    Submit

    University of Minnesota Student—apply

    Use your University of Minnesota internet ID and password to log into the Education Abroad application system. Your student account will be charged a $50 application fee.

    Non-University of Minnesota Student—apply

    Once you submit your application, Learning Abroad Center staff will create a University of Minnesota student internet account for you. You will use this account to access the Education Abroad Application System, and other University of Minnesota services. You will be charged a $50 application fee for this program.

    Our staff will contact you within 2–3 business days with your internet account information, and additional application instructions.

    Complete

    After you submit your application, you will receive an email notification confirming that your application was received. Submitted applications are assigned an application checklist, which will include the following items:

    • Application Essay

    Detailed descriptions and instructions for submitting each checklist item are included on the application checklist assigned to you.

    If you do not meet the GPA requirement for this program you will be required to submit two additional application items—the Low GPA Essay and Special Circumstances Recommendation. Both items will be added to your checklist after you start your application, and you will be notified when they have been added.

    Next Steps

    After your application checklist is complete, your application is reviewed by our program team. You will be notified of an acceptance decision by email. If accepted, you will be assigned a confirmation checklist, which you will complete to confirm your participation in the program. If you decide not to continue with the application process, log into the online application system and submit a Cancel Request.
  7. Program Contact

    For further information or questions about this program, send an email to

    Roslyn Udairam or call at 612.625.0475.

Passport Information

If you do not currently have a passport that is valid for at least 6 months past your return date, or are still needing to apply for a new one, start the process as soon as possible. Visit the UofM Passport Office website for more information.

Virtual Info Session

Learn more about this program and other Learning Abroad Center May & summer seminars through this virtual info session.

Tuesday, December 15th 11a.m.–12p.m.

More info & registration