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Language of instruction
French, English
This course occurs in the following program(s)
Training officer(s)
Joel Santos, Veronique Flambard-Vigeant, Sabine Flambard
Présentation
Prerequisite
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)
Goal
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.
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.
Presentation
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)
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
Forms of instruction
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).
Evaluation
Ressources
Bibliography
Fisher, Roger and William Ury. "<em>Getting to Yes: Negotiating Agreement Without Giving In</em>." 2nd ed. New York: Penguin Books,1991|| Harvard Business Essentials. "<em>Negotiation.</em>" Boston: Harvard Business School Publishing, 2003|| Gelfand, Michele, and Jeanne M. Brett. "<em>The Handbook of Negotiation and Culture."</em> Palo Alto:|| Stanford University Press, 2004.||