European Union and International Economics

Teacher(s)

Defraigne Jean-Christophe;

Language

English

Prerequisites

A course on economics and a course on the European economy.

Main themes

This course will analyse the relations between the European Union and the global economy.
It outlines mechanisms related to international trade and foreign direct investment. It looks into the strategies of multinational enterprises and their impact on the global value chain. The course will explain the main tools of trade policies and the main rules of the multilateral trading system. The course will show how the EU trade policy and European firms operate in the global economy.
The course will also analyse the global monetary and financial system and its impacts on the EU and on the European firms.

Learning outcomes

At the end of this learning unit, the student is able to :
1	have a basic knowledge of The main theoretical concepts and indicators related to international economics The main stakes and tools of the trade policy The main stakes and tools specific to the European Union trade policy The framework of the multilateral trading system The framework of the governance of the global monetary and financial system

Teaching methods

Attending and participating to class require compulsory preliminary readings that amount to 60 pages a week. These readings constitute a substantial part of the course. The reading portfolio is provided to the students at the first lecture of the course. Readings and the content of the lecture will be used to write two essays during the term. Essays will be commented by the professor as to improve the analytical skills of students of the topics studied in this course. Students will also be given access to PPT slides and videos related the course.

Evaluation methods

The students will have to submit two essays during the term, the first one at half term and the second during the examination session at the end of the term. The topic of the essays are to be chosen in a list provided by the professor at the beginning of the term. The length of each essay will be 2500 words and will be based on the readings AND the content of lectures. The student will present each of the two essays to the professor (one presentation mid-term and another during the examination session. The presentations will be followed by a Q&A and feed-back session. The essays and their respective presentations will determine the grade given to the student.

Other information

Prerequisite: LEUSL2030 "Economic and social integration in Europe"

Bibliography

• KRUGMAN, Paul, OBSTFELD, Marice, MELITZ, Marc, International Economics, Theory and Policy, Global Edition, 2018
• RAVENHILL, John Eds "Global Political Economy", Oxford University Press, 2018
• KOUL Autar Krishen : "Guide to the WTO and GATT: Economics, Law and Politics”, Springer, Singapore, 2018
• DICKEN, Peter : “Global Shift: reshaping the global economic map in the 21st century”, Sage publications, London, 2015
• DEFRAIGNE, Jean-Christophe & NOUVEAU Patricia : "Politique Commerciale" in "Introduction à l’Economie Européenne", 3ème édition, Ouvertures Economiques, De Boeck, Brussels, 2021
• ADDA, Jacques: "La Mondialisation de l’Economie", La Découverte, Paris, 2012
• GSTOHL Sieglinde & De BIEVRE, Dirk : "The Trade Policy of the European Union”, Palgrave Mc Millan, 2018
• MELO AURAUJO, Billy “The EU Deep Trade Agenda”, Oxford University Press, 2016
• BALDWIN, Richard  & WYPLOSZ, Charles: "The Economics of European Integration", Mc Graw Hill, 2015, pp  283-296
• HELLEINER, Eric: “States and the reemergence of global finance”, Cornell, 1995, pp 81-168
• SHAXSON, Nicholas: “Treasure Islands: tax havens and the men who stole the world”, Vintage, Londres, 2011, pp 8-165

Faculty or entity

EURO