2023-2024 / ECON0021-1

Economics of Globalization


45h Th

Number of credits

 Bachelor in economics and business management4 crédits 
 Master in economics : general (60 ECTS)5 crédits 
 Extra courses intended for exchange students (Erasmus, ...)5 crédits 


Joseph Tharakan

Language(s) of instruction

English language

Organisation and examination

Teaching in the second semester


Schedule online

Units courses prerequisite and corequisite

Prerequisite or corequisite units are presented within each program

Learning unit contents

Lectures will answer using economic modles the four main questions regarding international trade :
- Why do countries trade?

- What is the trade pattern?

- Who gains and who loses from international trade?

- What is the role of the state in international trade flows?

Learning outcomes of the learning unit

Strategy : The course will allow students to establish a strategy in order to optimize the value chain of a company, an organization or a project. - based on the analysis of its international financial and economic context - taking into account its political, social and societal context - adopting the position of a specialist in the field of economics - demonstrating  scientific precision and a critical mind Implementation : The course will train the student to analyze his managerial practice with a critical and ethical mind when confronted with a complex situation. Communication : The course will allow students to raise their awareness of the multicultural and international features of their environment. Adaptability : The course will encourage students to be aware of the societal, economic, political and environmental issues in their studies as well as in their professional life. The course will encourage students to be curious and to show a scientific precision of academic level in their studies as well as in their professional life. The course will encourage students to be creative, self sufficient and full of entrepreneurial spirit in their studies as well as in their professional life.
More specifically, the objective are:
Acquiring knowledge about theoretical models explaining the reasons for international trade flows.
Understanding the impact of international trade on society.
Being able to apply the acquired knowledge to current debates.

Prerequisite knowledge and skills

Introduction to economics

Planned learning activities and teaching methods

Theoretical models and concepts will be developed during the lectures. Applications and exercises will be covered with the teaching assistant.

Mode of delivery (face to face, distance learning, hybrid learning)

Blended learning

Additional information:

Hybrid: podcasts available every week on Lola (lola.hec.uliege.be). Certain sessions will be face-to-face. These will be recorded and available on Lola. All practical information on the organisation of the course will be available on Lola.

Recommended or required readings

Powerpoint slides will be available to download on Lol@ before each lecture.

Exam(s) in session

Any session

- In-person

written exam

Continuous assessment

Additional information:

All sessions: Continuous evaluation (25%), Written exam (75%)


Work placement(s)

Organisational remarks and main changes to the course

Lectures are taught in English during the second semester.


Professor: Joseph Tharakan - e-mail: J.Tharakan@ulg.ac.be
Assistant: Kelly Cioppa (email: kelly.cioppa@uliege.be)

Association of one or more MOOCs