GLOBAL ECONOMICS

Code Cours
2324-IÉSEG-M1S2-IBE-MA-FE80UE
Language of instruction
English
Teaching content
INTERNATIONAL BUSINESS
Training officer(s)
S.VIGEANT
Stakeholder(s)
S.VIGEANT
Level
Master
Program year
Period

Présentation

Prerequisite
Basic microeconomics (in particular supply and demand, the cost curves; knowledge of market structure is an asset)
Goal
At the end of the course, the student should be able to:
• Assess opportunities and threats for firms in a globalized economy
• Build a basic analysis of country trade opportunities
• Analyse market (demand and supply side)
• Identify the market structure and deducing consequences for the company
• Apply the most appropriate theories of international trade to diagnose the industry and environment characteristics
• Use properly the theories about the internationalisation of firm to evaluate the company internationalization strategies
Presentation
1. The Firm : This modules introduces how economists represent the firm in the economy.
2. Market structures and the firm : How businesses are influenced by their national and global market environment: Prices and incentives
3. The global economy : Features of emerging economies and business environment leading to global competitiveness and international trade theory.
4. The firm in the global economy : Exporting and international organization of the firm.

Modalités

Organization
Type Amount of time Comment
Présentiel
Cours magistral 16,00
Autoformation
Lecture du manuel de référence 4,00
E-Learning 4,00
Recherche 8,00
Travail personnel
Group Project 4,00
Individual Project 8,00
Charge de travail personnel indicative 4,00
Overall student workload 48,00
Evaluation
There will be a final exam and a group project. The final exam focuses on the theoritical concepts. The group project is an application of the concept to a real firm.
Control type Duration Amount Weighting
Examen (final)
Examen écrit 2,00 1 50,00
Autres
Projet Collectif 0,00 1 50,00
TOTAL 100,00

Ressources

Bibliography
Pugel, T., International Economics, McGraw Hill Irwin, chapters 1 to 6, 14. -
Lipczynski, John, John O.S. Wilson and John Goddard, Industrial Organization: Competition, Strategy, Policy, Third edition, Prentice Hall – Financial Times, Harlow, 2009. -
Markusen, J.R., Multinational Firms and the Theory of International Trade, September 2004, MIT Press -
Krugman, P., M. Obstfeld, International Economics: Theory and Policy, Addison Wesley, chapters 1 to 7. -
Porter, M. E., The Competitive Advantage of Nations, Havard Business Review, March-April 1990 -
Helpman, E., Melitz M., Yeaple, S., Export versus FDI with Heterogeneous Firms, American Economic Review, 2004, vol. 94, 300-316 -
Deardorff, A.V.; Stern, R.M.. What You Should Know about Globalization and the World Trade organization, Review of International Economics, August 2002, Vol. 10 Issue 3, 404-423 -