2024-2025 / GEST7077-1

International economic environment

Duration

36h Th

Number of credits

 Master in sales management, professional focus (en alternance)4 crédits 

Lecturer

Jérome Schoenmaeckers

Language(s) of instruction

French language

Organisation and examination

Teaching in the first semester, review in January

Schedule

Schedule online

Units courses prerequisite and corequisite

Prerequisite or corequisite units are presented within each program

Learning unit contents

Part of Professor Schoenmaeckers:
1) Recall economics concepts using low-tech, low-mathematics language.
2) Have a general understanding of the major current economic issues (in a business perspective) :
*What economic environment and paradigm of thought?
*Reasons for trade (Smith, Ricardo)
*Public goods, market imperfection and the resulting state intervention
*What to do when the economic environment is in crisis (COVID 19, inflation)?
*The economy and climate change
Part of Professor Bressers:
1.economics and geopolitics
*Understand the major balances of political economy and geopolitics (the new global governance, the water issue, ...)
*Identify business leads to detect new markets or new partnerships (including key indicators: GDP, HDI, Gini Index, ...)
*Understand the risks
*Understand the rules of international trade WTO - CETA
*Case study: Exki: setting up in the USA 
2. Thematic geopolitical approach by country  
India and the green revolution
Japan and demography
Germany and immigration
Putin's Russia
USA and the racial question
Brazil and poverty
Iran: a theocratic state?
South Korea and soft power 

Learning outcomes of the learning unit

Understand basic economic language and the general context of the economic world.

Develop a critical approach to the economic environment and analyze the factors impacting economic exchanges.

Build the necessary tools to be able to interpret and understand the importance of the role of the state and the (obvious) links between the economy (and growth), successive crises and climate change.

Prerequisite knowledge and skills

Course of General/ Political Economy

Planned learning activities and teaching methods

Ex-cathedra course

Exercises

Discussion and analysis of cards

Mode of delivery (face to face, distance learning, hybrid learning)

Face-to-face course

Course materials and recommended or required readings

Reference books:

Introduction à l'économie (Acemoglu, Laibson et List, 2018) 

Économie internationale (Krugman, Obstfeld et Melitz, 2022)

but slides (and note-taking) can be sufficient.

Exam(s) in session

Any session

- In-person

written exam ( multiple-choice questionnaire, open-ended questions )


Further information:

The exam consists of two separate parts (one for each teacher). Both parts must be retaken in the event of overall failure during an examination session.

Work placement(s)

Organisational remarks and main changes to the course

Slides and exercices sent before the course

Meetings by appointment on Monday, Tuesday and Thursday

Contacts

Jérôme SCHOENMAECKERS - jerome.schoenmaeckers@uliege.be
UER Management-didactique des sciences économiques
HEC-Ecole de Gestion de l'Université de Liège
rue LOUVREX 14
B-4000 LIEGE
GSM : 0498 27 50 87

Association of one or more MOOCs