The international dimension of the economic activity is, nowadays, part of everyday life. Many companies import raw materials and semi-finished products and/or export an increasing part of their production. They manage assets in foreign currencies linked to their operations abroad and get into debt or invest in international financial markets. The banks intervene in those markets more and more, either as mediator, or for their own purpose. The state acts when it wishes to defend some sectors that are threatened by foreign competition and when the situation of external payments and/or the exchange rate looks worrying. Thus, the economic activity of the nation is linked to many external factors. The purpose of the course is to provide the basic elements allowing the understanding of the mechanisms that have control over the organization of international economic relations.
Method of presentation:
Lectures, discussion and presentations on current economical themes.
Required work and form of assessment:
Attendance and participation (10%), midterm (25%), term paper (25%), and final exam (40%).
content:
Part 1 – Major economical schools of thought
a) The pre-industrial Era
b) The classical Era
c) The socialist thought
d) The Keynesian thought
Conclusion: Interdependence of economies, globalization and coordination of economic policies
Part 2 – The financial markets
a) General introduction
b) The functioning of the financial markets
c) From the crash of 1929 to the crisis of financial globalization
Conclusion: The inherent instability of finance
Part 3 – The system risk and means to prevent it
a) System risk and financial crisis
b) System risk prevention
Conclusion: For a strategic conception of monetary regulation
Required readings:
Guillochon, Bernard and Kawecki, Annie. Économie internationale : Commerce international et problèmes monétaires internationaux, 4e ed., Dunod.
Kebabdjian, Gérard. Les theories de l’économie politique internationale. Seuil
Recommended readings:
Dunning, J.H. The Globalization of Business. London: Routledge, 1993.
d'Iribarne, P. Cultures et mondialisation - Gérer par-delà les frontières. Paris: Seuil, 1998.
Mead, R. International Management : Cross-Cultural Dimensions. Cambridge, MA: Blackwell, 1994.
Mucchieli, J.L. Le commerce extérieur de la France. Paris: A. Colin (ed), Collection Synthèses, 1999.
Sachwald, F. L'Europe et la mondialisation, Flammarion, Collection Dominos, 1997.
The international dimension of the economic activity is, nowadays, part of everyday life. Many companies import raw materials and semi-finished products and/or export an increasing part of their production. They manage assets in foreign currencies linked to their operations abroad and get into debt or invest in international financial markets. The banks intervene in those markets more and more, either as mediator, or for their own purpose. The state acts when it wishes to defend some sectors that are threatened by foreign competition and when the situation of external payments and/or the exchange rate looks worrying. Thus, the economic activity of the nation is linked to many external factors. The purpose of the course is to provide the basic elements allowing the understanding of the mechanisms that have control over the organization of international economic relations.
Lectures, discussion and presentations on current economical themes.
Attendance and participation (10%), midterm (25%), term paper (25%), and final exam (40%).
Part 1 – Major economical schools of thought
a) The pre-industrial Era
b) The classical Era
c) The socialist thought
d) The Keynesian thought
Conclusion: Interdependence of economies, globalization and coordination of economic policies
Part 2 – The financial markets
a) General introduction
b) The functioning of the financial markets
c) From the crash of 1929 to the crisis of financial globalization
Conclusion: The inherent instability of finance
Part 3 – The system risk and means to prevent it
a) System risk and financial crisis
b) System risk prevention
Conclusion: For a strategic conception of monetary regulation