Formation/Cours

At the end of the course, the student should be able to:
1. Understand the actual economic events with the support of principal theories
2. Compare the productivity and economic development among different countries
3. Draw and explain production possibility curves to explain the advantages and disadvantages in production
4. Write an assignment about a country’s position in international trade
5. Speak about different examples from professional reviews and online social networking sources

Programme (detailed contents):
Session 1 From the Theory of Absolute Advantages to the Theory of Comparative Advantages
Session 2 Comparative Advantages and Unit Labor Costs
Session 3 The Productivity Level
Session 4 Extensions of the Ricardian Model
Session 5 The risks of specialisations
Session 6 Factor Endowments and International Trade : the Hecksher-Ohlin Model
– The Theorem of Hecksher and Ohlin
– The Implications of the Theory H-O
– Opennes and Employment
– The Paradox of Leontief and the Other Empirical Tests of the Model H-O

Organisation:

Full semestre of courses with numerical examples and question&answer sessions

Main difficulties for students:

Missing knowledge in new subjects