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BECO 1380A - International Economics

Type d'enseignement : Seminar

Semester : Autumn 2017-2018

Number of hours : 24

Language of tuition : English

Pre-requisite

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Course Description

The aim of the course is to introduce students to relevant empirical and theoretical issues of International Economics focusing on trade flows. The course presents main theories which explain trade flows as well as explanations of the role of global firms and trade policies in designing the global economy. Each lecture is connected to contemporary issues. Concerning the homework, students have to read two books through the course and in addition to present in 5 minutes a “trade story” of their choice (more details will be given during the first class).

Teachers

GUILLOU, Sarah (Chargée d'études - Economiste)

Pedagogical format

Lecture 1 : Globalisation, Trade and Wars Why trade is the main vector of globalisation, why it is important? Lecture 2 : Trade Flows/Gravity/Armington How simply explain trade flows : with physics Lecture 3 : Global Firms and international organizations Who are the main actors of international economy Lecture 4 : FDI and Tax Competition How firms become global, what drives their location. Lecture 5 : Ricardian Models/ Competitiveness as a determinant of Trade Does Germany trade more because it is more competitive? Lecture 6 : HOS Models/ Factors allowances as determinants of Trade Does China run manufacturing surplus because it has more workers? Lecture 7 : Mid-Exam Lecture 8 : Trade, Wages and Inequality Is globalisation a cause of wage inequality ? Lecture 9 : Offshoring, International Division of Labor Does “made in a single country” make sense? Lecture 10 : Unbalanced Trade – Trade Policies Is Trump economically right to blame surpluses' countries? Lecture 11 : New New Trade Theory: Heterogenous Models Countries do not trade, Firms do. Lecture 12 : Final Exam

Course validation

- 1 final written examination (35% of course mark) - 1 mid-term exam (35% of course mark) - In-Class Participation (10 % of course mark) - Personal Work 1 (30% of course mark)

Required reading

Krugman P., Obstfeld M., Melitz, M., International Economics: Theory and Policy, 9th edition.

Additional required reading

Plus additional materials from policy briefs, scientific articles and OECD reports