Establishment
Language of instruction
English
Teaching content
ECONOMICS
Training officer(s)
R.NOEL
Stakeholder(s)
Cristina FAVIER, Vivien FORTAT, Xavier MERA
Présentation
Prerequisite
No prerequisite - the course may nevertheless be more accessible to students who already studied economics. The course will often call for graphic analysis.
Goal
At the end of the course, the student should be able:
- understand the benefits generated by international trade as long as the countries' specialization are in line with their comparative advantages (in terms of labor productivity)
- explain the comparative advantages by the differences in factors endowment
- understand the link between the benefits of international trade and the availability of factors of production
- define the impact of international trade on the purchasing power of factors of production in the North and the South
- understand how the interaction between supply and demand in different countries determines the comparative advantages, how it leads them to specialization and mutually attractive exchanges.
- understand the benefits generated by international trade as long as the countries' specialization are in line with their comparative advantages (in terms of labor productivity)
- explain the comparative advantages by the differences in factors endowment
- understand the link between the benefits of international trade and the availability of factors of production
- define the impact of international trade on the purchasing power of factors of production in the North and the South
- understand how the interaction between supply and demand in different countries determines the comparative advantages, how it leads them to specialization and mutually attractive exchanges.
Presentation
This first International Economics class develops the international trade angle. The first two chapters show how differences between countries in terms of labor productivity and factors endowment impact the structure of international trade. The third chapter relies on the first two chapters to expose a standard model of international trade.
LECTURES :
I. International Trade and the Comparative Advantages
II. Factors Endowment and the theory of Hecksher-Ohlin
III. The Standard Theory of International Trade
LECTURES :
I. International Trade and the Comparative Advantages
II. Factors Endowment and the theory of Hecksher-Ohlin
III. The Standard Theory of International Trade
Modalités
Organization
Type | Amount of time | Comment | |
---|---|---|---|
Présentiel | |||
Cours interactif | 20,00 | ||
Autoformation | |||
Lecture du manuel de référence | 12,00 | ||
Travail personnel | |||
Charge de travail personnel indicative | 18,00 | ||
Overall student workload | 50,00 |
Evaluation
The course will mainly be assessed through a midterm and a final exam. Attendance and participation will be rewarded by a participation mark.
Control type | Duration | Amount | Weighting |
---|---|---|---|
Contrôle continu | |||
Examen partiel | 2,00 | 1 | 20,00 |
Participation | 0,00 | 1 | 10,00 |
Examen (final) | |||
Examen écrit | 2,00 | 1 | 40,00 |
Autres | |||
Projet Collectif | 0,00 | 1 | 30,00 |
TOTAL | 100,00 |
Ressources
Bibliography
Sloman, John & Wride, Alison : Economics, Financial Times / Prentice Hall, 7th Edition (2009) or Pearson, 8th Edition (2012) -
Krugman Paul, Obstfeld Maurice & Melitz Marc : International Economics, Pearson Education, Global / 9th Edition (2011) -
Krugman Paul, Obstfeld Maurice & Melitz Marc : International Economics, Pearson Education, Global / 9th Edition (2011) -
Internet resources