Code
MUFF ECO 2201
Level
L2
Field
Economie
Language
Anglais/English
ECTS Credits
3
Class hours
10
Total student load
40
Program Manager(s)
Educational team
Introduction to the module
The purpose of this course is to introduce students to the core ideas of international economics: why countries trade? who gains and who loses from globalization of economic production? is protectionism costly? how to understand the government and central bank policies and anticipate their impact on interest and exchange rates?
Elective course, not all learners in the promotion choose to take this course, no subgroup.
Learning goals/Programme objectives
- LG3 Having the foundations of responsible and sustainable management
Learning objectives/Intended learning outcomes
- 3.1 - Understand and employ basic concepts, knowledge and theories related to the discipline
- 3.2 - Apply discipline knowledge appropriately and effectively
Rubrics
— (CPS2) Analytical thinking: The ability to think critically, to break down complex information, ideas, or problems into smaller, more manageable parts in order to better understand them and develop solutions.
— (CDK06) Demonstrate an understanding of the functioning of markets and their participants (consumers, organizations, public actors); monitor and respond to their dynamics (technological, competitive and in terms of demand).
— (CDK11) Describe the role of economic models in analyzing markets, business and consumer behavior, and government policies.
Content : structure and schedule
Lesson 1: Globalization, international trade and international finance. Why countries trade? Theories of intentation trade. Multinational firms and trade.
Intersession work : Optional readings.
Lesson 2: Free trade or protectionism? Instruments of trade policies. International trade agreements.
Intersession work : Review course and readings.
CC on trade.
Lesson 3: Money supply and money demand. Macroeconomic policies. Role of central bank.
Intersession work : Review exercices and courses ; Questions to the teacher
Lesson 4: Foreign exchage markets. International monetary system;
Final exam.
Learning delivery
synchrone
Pedagogical methods
This course will be taught in classroom lectures.
Evaluation and grading system and catch up exams
40% CC
60% CF
If you fail, a retake exam on the table will be organize and it’s comptability for 100% of the final note.
Module Policies
Professor-Student Communication
● The professor will contact the students through their school email address (IMT-BS/TSP) and the Moodle portal. No communication via personal email addresses will take place. It is the student responsibility to regularly check their IMT-BS/TSP mailbox.
● Students can communicate with the professor by emailing him/her to his institutional address. If necessary, it is possible to meet the professor in his office during office-hours or by appointment.
Students with accommodation needs
If a student has a disability that will prevent from completing the described work or require any kind of accommodation, he may inform the program director (with supporting documents) as soon as possible. Also, students are encouraged to discuss it with the professor.
Class behavior
● Out of courtesy for the professor and classmates, all mobile phones, electronic games or other devices that generate sound should be turned off during class.
● Students should avoid disruptive and disrespectful behavior such as: arriving late, leaving early, careless behavior (e.g. sleeping, reading a non-course material, using vulgar language, over-speaking, eating, drinking, etc.). A warning may be given on the first infraction of these rules. Repeated violators will be penalized and may face expulsion from the class and/or other disciplinary proceedings.
● The tolerated delay is 5 minutes. Attendance will be declared on Moodle during these 5 minutes via a QR code provided by the teacher at each course start.
● Student should arrive on time for exams and other assessments. No one will be allowed to enter the classroom once the first person has finished the exam and left the room. There is absolutely no exception to this rule. No student can continue to take an exam once the time is up. No student may leave the room during an examination unless he / she has finished and handed over all the documents.
● In the case of remote learning, the student must keep his camera on unless instructed otherwise by the professor.
Honor code
IMT-BS is committed to a policy of honesty in the academic community. Conduct that compromises this policy may result in academic and / or disciplinary sanctions. Students must refrain from cheating, lying, plagiarizing and stealing. This includes completing your own original work and giving credit to any other person whose ideas and printed materials (including those from the Internet) are paraphrased or quoted directly. Any student who violates or helps another student violate academic behavior standards will be penalized according to IMT-BS rules.
Textbook Required and Suggested Readings
Bibliographie (EN) :
1. Krugman, P. R., Obstfeld, M., & Melitz, M. J. International economics: Theory and policy (various editions)
2. CORE project, The Economy / L'Economie (online ebook),
Units 11 to 18:
https://core-econ.org/the-economy/?lang=en (english)
https://core-econ.org/the-economy/fr (french)
Keywords
Economics, International economics
Prerequisites
ECO1209 (Introduction à l'économie) / Basics principles of economics