The objective of the course is to offer students an introduction to two key dimensions of globalization:
international trade and international finance. The course will cover both theoretical and empirical
contributions and will often refer to current policy issues in both international trade and
macroeconomics. Using theoretical and empirical tools, we will consider a wide range of questions
such as: what are the gains of specialization? what is the effect of trade on inequality? How does
market power of firms affect international trade? What are the consequences of trade policies? How
to understand international financial flows? What is the relation between exchange rates and
monetary policy? How does globalization affect the conduct of macroeconomic policies? Is the euro
an optimal currency area? Why so many international financial crises?
Thierry MAYER,Nicolas COEURDACIER,Clemens GRAF VON LUCKNER,Louis BOUSSEKEY,Valentin MARCHAL
The prerequisite for this course is the core economics course in the first year. Although not very
formalized (we will mostly use graphs to explain theoretical mechanisms), this course will use some
basic mathematical tools that are common in any modern economic course.