Duration
9h Th, 9h Pr, 9h SEM
Number of credits
| Master in agricultural bioengineering, professional focus | 3 crédits |
Lecturer
Language(s) of instruction
English language
Organisation and examination
Teaching in the second semester
Schedule
Units courses prerequisite and corequisite
Prerequisite or corequisite units are presented within each program
Learning unit contents
The course "Economics of Tropical Markets" explores how tropical markets function from the perspectives of producers and consumers, both locally and globally. The course focuses primarily on food and related products in tropical countries, while introducing key economic principles that are broadly applicable to other markets and contexts.
For their final projects, students will analyze contemporary global issues and assess their impacts on producers and/or consumers in tropical markets. Potential topics may include geopolitical disruptions, such as the closure of the Strait of Hormuz, as well as climate-related events such as El Niño, among other current global challenges.
Learning outcomes of the learning unit
- Understanding consumer and producer decision-making and economies of scale
- Understanding the basic principles of market prices and quantities, as well as market power
- Examining market failures and the specific characteristics of tropical markets
- Analyzing how trade and public policies connect local markets to global food systems
- Understanding the linkages between trade and climate change
Prerequisite knowledge and skills
None
Planned learning activities and teaching methods
- Lecture: 9 h
- Seminar: 9 h
- Practice: 9h
Mode of delivery (face to face, distance learning, hybrid learning)
Face-to-face course
Blended learning
Course materials and recommended or required readings
Platform(s) used for course materials:
- eCampus
Further information:
Recommended reading:
William Masters & Amelia Finaret, 2024. "Food Economics". Selected Chapters
Janssens et al., 2022. "A sustainable future for Africa through continental free trade and agricultural development » Nature Food.
Complimentary reading:
Abhijit Banerjee and Esther Duflo, 2019. "Good Economics for Hard Times", Chapter 3 ("The pains from Trade")
Autres lectures, selon les indications données en classe et sur e-campus.
Exam(s) in session
Any session
- In-person
written exam ( multiple-choice questionnaire )
Further information:
- Group work (student seminar) (70%)
- Written exam (30 %)
Work placement(s)
Not applicable
Organisational remarks and main changes to the course
Not applicable
Contacts
- Prof. Dr. Isabel Lambrecht
- i.lambrecht@uliege.be
Association of one or more MOOCs
There is no MOOC associated with this course.