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IESEG School of Management ( IÉSEG )

Code Cours :



Niveau Année de formation Période Langue d'enseignement 
Professeur(s) responsable(s)R.NOEL
Intervenant(s)Cristina FAVIER, Vivien FORTAT, Xavier MERA

Pré requis

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

Objectifs du cours

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.

Contenu du cours

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.

I. International Trade and the Comparative Advantages
II. Factors Endowment and the theory of Hecksher-Ohlin
III. The Standard Theory of International Trade

Modalités d'enseignement

Organisation du cours

TypeNombre d'heuresRemarques
Face to face
Interactive class20,00  
Independent work
Reference manual 's readings12,00  
Independent study
Estimated personal workload18,00  
Charge de travail globale de l'étudiant50,00  

Méthodes pédagogiques

  • Lecture
  • Tutorial
  • E-learning


The course will mainly be assessed through a midterm and a final exam. Attendance and participation will be rewarded by a participation mark.

Type de ContrôleDuréeNombrePondération
Continuous assessment
Mid-term exam2,00120,00
Final Exam
Written exam2,00140,00
Group Project0,00130,00
TOTAL     100,00


  • 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

* Informations non contractuelles et pouvant être soumises à modification
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