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.



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

have a basic knowledge of
  1. The main theoretical concepts and indicators related to international economics
  2. The main stakes and tools of the trade policy
  3. The main stakes and tools specific to the European Union trade policy
  4. The framework of the multilateral trading system
  5. The framework of the governance of the global monetary and financial system
 

References

ADDA, Jacques: « La Mondialisation de l’Economie », La Découverte, Paris, 2012

BALDWIN, Richard  & WYPLOSZ, Charles: « The Economics of European Integration », Mc Graw Hill, 2015, pp  283-296

DEFRAIGNE, Jean-Christophe & NOUVEAU Patricia : « Politique Commerciale » in « Introduction à l’Economie  Européenne », 3ème édition, Ouvertures Economiques, De Boeck, Brussels, 2022

Defraigne, Jean-Christophe, Traversa, Edoardo, Wouters Jan & Zustrassen Dimitri, “Which EU industrial policy in the Multipolar Economy of the 21st Century?” Edward Elgar, Cheltenham2022.

DICKEN, Peter : “Global Shift: reshaping the global economic map in the 21st century”, Sage publications, London, 2015.

GSTOHL Sieglinde & De BIEVRE, Dirk : « The Trade Policy of the European Union”, Palgrave Mc Millan, 2018.

HELLEINER, Eric: “States and the reemergence of global finance”, Cornell, 1995, pp81-168

KOUL Autar Krishen : « Guide to the WTO and GATT: Economics, Law and Politics”, Springer, Singapore, 2018.

KRUGMAN, Paul, OBSTFELD, Marice, MELITZ, Marc, International Economics, Theory and Policy, Global Edition, 2018.

MELO AURAUJO, Billy “The EU Deep Trade Agenda”, Oxford University Press, 2016

RAVENHILL, John Eds « Global Political Economy », Oxford University Press, 2017.

 

Teaching methods

The classes will consist of seminars. Attendance is compulsory and counts for 50% of the final mark. Each class starting with an introduction by the professor followed by a discussion based on specific readings and question prepared by the students. The list of readings and questions for each week are communicated to students at the first lecture.

 

Evaluation methods

The evaluation for this course will consist of two parts. The preparation of readings and questions and relevant participation during each class accounts for 50% of the final mark. Writing an essay accounts for the remaining 50% if the final mark. 

 

1°) Readings, answering questions and relevant participation during the class 

During the term, each week all students will have to read 80 pages of articles or chapters and prepare answers to the questions of the week for each class. The class will start by the presentation of the answers to the questions of the week based on the readings. Students will be picked at random to present a question for five minutes. These answers will account for 40% of the mark, participation will account for 10% of the mark. 

 

2°) The Essay 

During the examination session, students will submit one essay of 2000 words in a list of topics that can be downloaded from the website of the course (moodle). The essay account for 50% of the final mark. The topic is chosen jointly by the student and the professor by the end of week 8. The essay (word or PDF format) has to be sent by e-mail to jdefraigne@yahoo.com by the 3rd of January.

 

The essay will be defended in the oral examination at a date to be set jointly with the professor. The email address is jdefraigne@yahoo.com .

The document that contains the essay should be named following this template (if the template is incorrect, the essay might be lost) 

Last name-first name-topic number 

For example: defraigne-chris- 4 (if you have chosen the fourth topic on the list)

 

Faculty or entity

> EURO