Topics in global markets (Global Markets and Economic Policies) 2019/20
The course analyzes the determinants and consequences of the increasing
international integration of markets. After an introduction on
globalisation and economic growth the course tries to understand
international trade flows of good and services. In so doing, it presents
the fundamental models of international trade theory. These highlight
the distinction between the efficiency and the equity effects of trade
policy. Such distinction is crucial to comprehend the political economy
of international trade policy with its drive towards multilateral trade
agreements on the one side, and the resistance to them by various
pressure groups on the other side. The managerial implications of the
material presented are discussed.
Understanding the dynamics of international markets is nowadays a necessity for most high-level managers. The purpose of the course is to build a framework of analysis that enables students to understand the challenges of international trade and investment and to master the opportunities they represent by formulating strategies that will enable businesses to succeed in the international business environment.
Upon completion of the course the student will have an appreciation and understanding of the general nature of globalization, and its impact on countries, firms and individuals.
The format of the course is based on lectures by the instructor, class discussions and class presentations