ECON2254-1 : Tropicals markets

University of Liege | Version française

Study programmes 2011-2012

Last update : 14/06/2012

ECON2254-1

Tropicals markets

Duration :

12h Th, 12h Pr

Number of credits :

Required preliminary complements to register in the Advanced Master in Development, Environment and Communities	First semester	2

Master en sciences agronomiques et industrie du vivant, à finalité approfondie, 1st year	First semester	2

Master in Agricultural Bioengineering, Professional Focus, 2nd year	First semester	2

Master in Forests and natural Areas Engineering, Professional Focus, 1st year	First semester	2

Master en sciences agronomiques et industrie du vivant, à finalité spécialisée en valorisation biologique des déchets, 1st year	First semester	2

Required preliminary complements to register in the Advanced Master in Rural Economics and Sociology	First semester	2

Required preliminary complements to Advanced Master in Plant and Animal Resource Management in tropical environment	First semester	2

Lecturer :

Baudouin Michel

Language(s) of instruction :

French language

Course contents :

1. Introduction
2. Concerned products (banana, cacao, coffee, rubber, cotton, palm oil, soya beans cake and oil, essential oils, sugar, thea, cinchona)
3. Production (for each concerned product (geographic areas, volume, value))
4. Consumption (for each concerned product (geographic areas, volume, value))
5. Exchanges (for each concerned product (exports, imports))
6. Price setting (for each concerned product)
6.1. Price mechanism
6.2. Production price
6.3. Consumption price
6.4. Intermediaries and markets
6.5. World prices and internal prices
6.6. Competitiveness
6.7. Evolution and perspectives
7. Futures markets (definition, utility and risk forecast, quantification and relative share, markets instability and volatility, regulation and public intervention)
8. International agreements (coffee, cacao, banana - euro - us, sugar, the WTO and international agreements, Stabex specificities)
9. Fair trade (definition, scale, perspectives)

Learning outcomes of the course :

Understanding and arguing physical and futures markets functioning of main agricultural productions coming from tropical and intertropical areas.
After completing the course the student is expected to
- will understand the principal mechanisms governing the tropical markets of which the mechanisms fixing of price
- will be able to carry out a relevant research on agricultural tropical markets and to define the principal constraints and prospects for them
-will be likely to integrate the elements of determination of supply and demand in the ex-ante or ex-post analyses of of private and public investments projects

Prerequisites and co-requisites/ Recommended optional programme components :

None

Mode of delivery (face-to-face ; distance-learning) :

Lectures : 12h
Seminars : 12h