INTERNATIONAL ECONOMICS AND EXCHANGES

Code Cours
2324-IÉSEG-BA1S2-ECO-B1-CE03UE
Langue d'enseignement
English
Matières
ECONOMICS
Responsable(s)
R.NOEL
Intervenant(s)
Cristina FAVIER, Vivien FORTAT, Xavier MERA
Niveau
Bachelor
Année de formation
Période

Présentation

Prérequis
No prerequisite - the course may nevertheless be more accessible to students who already studied economics. The course will often call for graphic analysis.
Objectifs
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.
Présentation
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

Modalités

Organisation
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
Évaluation
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

Bibliographie
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) -
Ressources Internet
IESEG online
The lectures' slides will be made available on IESEG Online