Professional Documents
Culture Documents
ORGANISATION
Two hours are devoted to each of the topics below. Students are supposed to have read the
part of the textbook in relation to the question under review. I will present an overview of the
basic principles and concepts (in a non-technical way) during the first part of the lesson, and
we will devote the second part of the lesson to solving exercises, or discuss with the class
practical questions or economic policy issues.
EVALUATION
Each student receives a mark for his (her) participation during the courses. A short exam takes
place in the week following each of the two parts of the course. The final notes are an average
of the exam note and the participation note.
The basic textbook is : Paul R. Krugman and Maurice Obstfeld, International Economics -
Theory and Policy, Pearson – Addison Wesley, 7-th edition 2005. This book exists also in
French : Economie Internationale, Pearson Education, 7-ème édition 2006. The English
version will be made available to the students when the course begins.
Students are highly recommended to stay permanently in touch with issues and debates on
international economic relations by reading the weekly “The Economist” or – from time to
time – the daily newspaper “Financial Times”.
Here are some useful internet references (for free) which might help students, both beginners
and already trained in economics (I selected them from my personal library and I use them
quite often) :
Encyclopaedias
http://economist.com/research/Economics/alphabetic.cfm?letter=A See the (economic) words
you feel you do not understand and you will find there a quick but sound explanation
http://en.wikipedia.org/wiki/Comparative_advantage (“comparative advantage” is just one
example of what you can get on Wikipedia ; try other words or concepts you heard of and did
not understand)
http://www.google.com/ Of course, you know that already
Data : you will find here some easily accessible economic data which you may use to make
some simple calculations
http://www.imf.org/external/data.htm This is an IMF data base delivering some key economic
indicators for all countries of the world. Data on Vietnam are rather scarce, as you will see.
http://pwt.econ.upenn.edu/php_site/pwt_index.php This is the famous Penn World Table,
established by Pennsylvania University, which gives macroeconomic data on all countries of
the world. It is very useful for assessing economic development on a long period of time. It
might be a little difficult to understand what exactly the figures represent, we will see that
more in detail in the course.
http://stat.wto.org/Home/WSDBHome.aspx?Language= This site gives data on international
trade flows of member countries of the WTO. As Vietnam is now “in”, try to find what your
country exports and imports, from whom and to whom.
http://unstats.un.org/unsd/comtrade/ This is the United Nations Statistical Division database
on international trade.
http://www.bis.org/cbanks.htm This is the website giving the address of all Central Banks in
the world. Unfortunately, the Central Bank of Vietnam is not recorded. However, this site is
important because Central Banks usually draw the Balance of Payments in all countries in the
world. We will be obliged to work on foreign countries to explore how BoP are built.
Although you can choose the country of your choice (and find there the most recent BoP) I
recommend you to go on the website of the National Bank of Ukraine, which is correctly
presented and which we will use as a case study in the course ; the website address of that
Bank is http://www.bank.gov.ua/Engl/SDDS/index.htm Note that Central Banks also record
(and sometimes fix) exchange rates as well as interest rates. We will have to look carefully at
that kind of data on the Central Banks websites.