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N.B : For international exchange students only, this course = 5 ECTS
Concepts of Microeconomics, including consumer theory, producer theory, market equilibrium, monopoly and monopolistic competition as well as concepts of Macroeconomics (including exchange rates and model of short run open economy). (Concepts will be reviewed in class)
N.B : For international exchange students only, this course = 5 ECTS
This course aims at expanding the students’ knowledge and understanding of: economic tools, international trade theory and policy, exchange rates determination and exchange rates policy, foreign exchange market, balance of payments and international financial investment.
Upon completion of this course, students are expected to understand economic theory and its predictions. In addition to learning content, students shall also develop an ability to use these theories.
N.B : For international exchange students only, this course = 5 ECTS
Introduction:
The Theory of International Trade:
The Basic Theory Using Demand and Supply
Comparative Advantage and Factor Proportions
Who Gains and Who Loses from Trade?
Alternative Theories of Trade (time permitting)
Trade Policy:
Analysis of a Tariff
Non-Tariff Barriers to Imports
Arguments For and Against Protection
Pushing Exports (time permitting)
Understanding Foreign Exchange:
Payments among Nations
The Foreign Exchange Market
Forward Exchange and Financial Investment
What Determines Exchange Rates?
Government Policies & Foreign Exchange Market
Lending and Financial Crises (time permitting)
Modalités
N.B : For international exchange students only, this course = 5 ECTS
Course material is introduced in class. Some newspaper articles are sometimes used as background material. Some case studies are occasionally presented. Applications are kept for the lab (TD).
Ressources
<ul> <li>Thomas Pugel, International Economics, McGraw Hill Irwin. </li> </ul> <b>Other reference books (supplemental reading list): </b>|| <ul> <li>Paul R. Krugman, Maurice Obstfeld and Marc J. Melitz, International Economics, Theory & Policy, Pearson</li> <li>Robert J. Carbaugh, International Economics, Thomson South-Western.</li> <li>Dominick Salvatore, International Economics, Wiley.</li> </ul> The recommended textbooks are at the library. You can also use a textbook in French if you have too much difficulties studying in English such as:|| <ul> <li>Bernard Guillochon, Annie Kawecki, Frédéric Peltrault and Baptiste Venet, Economie Internationale, Dunod</li> </ul> <ul> <li></li> </ul>