lppe1305  2019-2020  Louvain-la-Neuve

Note from June 29, 2020
Although we do not yet know how long the social distancing related to the Covid-19 pandemic will last, and regardless of the changes that had to be made in the evaluation of the June 2020 session in relation to what is provided for in this learning unit description, new learnig unit evaluation methods may still be adopted by the teachers; details of these methods have been - or will be - communicated to the students by the teachers, as soon as possible.
5 credits
30.0 h

  This learning unit is not being organized during year 2019-2020.

Microéconomie LECGE1222, Macroéconomie LECGE 1212.

The prerequisite(s) for this Teaching Unit (Unité d’enseignement – UE) for the programmes/courses that offer this Teaching Unit are specified at the end of this sheet.
Main themes
The first part of the class will discuss the essential theoretical tools necessary to understand the phenomenon of globalization. We will explain the key reasons why goods and factors of production flow across borders and establish the empirical relevance of different theories. The second part of the class will apply the tools developed in the first part to discuss the consequences of globalization on different dimensions, such as inequality within and across countries, growth, and development. We will also discuss the measurement of the gains and losses from globalization, as well as key issues in trade and migration policy.

At the end of this learning unit, the student is able to :

1 At the end of the class, students should have a solid understanding of the phenomenon of globalization, notably the patterns of multilevel governance, public regulation, international trade, investment and migration, as well as their determinants. Students will acquire the conceptual background to analyse the consequences of globalization on governance (e.g. political), economic growth, inequality, employment or development, and grasp the main debates linked to trade policy and deep trade agreements. In particular, students should gain the methodological background to evaluate different aspects of globalization both qualitatively and quantitatively, and master the necessary toolkit to critically assess the benefits and pitfalls of globalization.

The contribution of this Teaching Unit to the development and command of the skills and learning outcomes of the programme(s) can be accessed at the end of this sheet, in the section entitled “Programmes/courses offering this Teaching Unit”.
The first part of the class will cover a wide array of theoretical concepts such as comparative advantage, increasing returns to scale, basic theories of international macroeconomics, and migration. The second part will apply these concepts to a set of issues as described above.
Teaching methods
Lectures, homeworks and tutorials.
Evaluation methods
Homeworks and written exams.
  • Krugman, Melitz, Obstfeld, International Economics: Theory and policy, Pearson.
Faculty or entity

Programmes / formations proposant cette unité d'enseignement (UE)

Title of the programme
Bachelor in Philosophy, Politics and Economics