ECGE1314 - International economics
Mode d'enseignement :
Présentiel, deuxième quadrimestre, 30 heures de théorie.
le vendredi de 13:30 à 15:30 au 109 Marais 111
Langues d'enseignement :
The course is taught in English. Reading material is in English.
Objectifs d'apprentissage :
An exhaustive list of expected learning outcomes will be provided for each chapter of the course.
Pour le programme de Bachelier en ingénieur de gestion :
Pour le programme de Bachelier en sciences économiques et de gestion :
Contenu de l'activité :
The course provides an introduction to International Economics. This field of Economics analyses how nations interact through trade of goods and services, flows of money, and investment and what are the consequences of these interactions. This field is as old as the discipline of Economics itself (see e.g. David Hume (1758), Of the Balance of Trade) but it is increasingly important as over the last decades, international trade and financial integration have been growing between nations.
The course consists of the two main parts.
The first part covers international trade theory and policy. It analyses questions like 1) what explains the patterns and volume of trade between countries, 2) why and how countries (potentially) gain from trade and why gains from trade are usually not shared equally between and within countries, 3) the labour market implications of international trade, 4) the instruments of trade policy.
The second part is about open-economy macroeconomics. It studies how international trade and capital mobility impact macroeconomic outcomes. Covered topics are a.o. 1) the determination of the current account, 2) the limitations on foreign borrowing and lending, 3) the determination of the nominal and real exchange rates, 4) the consequences of financial globalization.
Activités d'apprentissages prévues et méthodes d'enseignement :
During the lectures, a selection of the chapters of the reference book is presented and illustrated on the basis of various real life examples and complementary readings.
Students must also make a few personal readings (either of other chapters of the book or of relevant articles).
Méthodes d'évaluation :
Written final exam of three hours.
The exam questions are based on the lists of the learning outcomes provided for the different chapters of the course (and for the personal readings).
Krugman Paul, Maurice Obstfeld and Marc Melitz (2018), International Economics: Theory and Policy, Global Edition, Pearson, 11th edition (the 10th edition suits as well).
Autres informations :
All class material (but the book) will be made available on moodleuslb.uclouvain.be