Duration
30h Th
Number of credits
Lecturer
Language(s) of instruction
English language
Organisation and examination
Teaching in the first semester, review in January
Schedule
Units courses prerequisite and corequisite
Prerequisite or corequisite units are presented within each program
Learning unit contents
1. Introduction
The aim of this course is to familiarise students with economic reasoning applied to international economic relations. Using economic models, it introduces students to the economic logic behind trade policies and the effect of international business on countries and individuals.
2. Course content
- The role of technology in trade flows
- The Hecksher-Ohlin model
- Equilibrium on world markets
- Trade policy
- Imperfect competition models
- The political economy of trade policy
Learning outcomes of the learning unit
Upon completion of the course, students should :
- understand the main reasons for observing trade flows between countries
- be able to explain the impact of globalisation on income distribution and the possible effects on trade policies
- be able to explain what trade policy instruments countries can use and their effects
- be able to establish how firms will be impacted by foreign competition and how they can adapt themselves
Prerequisite knowledge and skills
This course requires from students that they are interested in understanding the economic logic of international economic relations.
Students taking this course should have a good background in microeconomics.
Planned learning activities and teaching methods
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.
Course materials and recommended or required readings
Powerpoint slides will be available to download before each lecture.
Exam(s) in session
Any session
- In-person
written exam
Written work / report
Continuous assessment
Further information:
1. Evaluation criteria
Evaluation will be based on a closed book exam (55%), on-line continuous evaluation (20%) participation (5%) as well as a number of homework assignments during term (20%).
Exam evaluation will be based on the student's
- capacity of understanding economic reasoning as well as the capacity of explaining it in an accurate and concise way;
- capacity to apply economic concepts and reasoning to international economic relations as well as to comment on current events and debates in the news
2. Evaluation calendar
The exam takes place during the month of January (first session) as well as in August (second session).
Work placement(s)
Organisational remarks and main changes to the course
Lectures are taught in English during the first semester.
Contacts
Professor: Joseph Tharakan - e-mail: J.Tharakan@ulg.ac.be
Assistant: Kelly Cioppa (email: kelly.cioppa@uliege.be)
Association of one or more MOOCs
Items online
Powerpoint slides
Powerpoint slides are available before each lecture on Lola