INTERNATIONAL AFFAIRS & ECONOMIC INTEGRATION. Global Partners MBA : Atlanta Rio - Paris IAE - Paris, April 20 th 2015 Marie-Christine HENRIOT

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1 INTERNATIONAL AFFAIRS & ECONOMIC INTEGRATION Global Partners MBA : Atlanta Rio - Paris IAE - Paris, April 20 th 2015 Marie-Christine HENRIOT 1

2 International Affairs & Economic Integration Course Organization 13 Sessions of 3 hours + visit to Brussels with PY 5 lecturers: IAE Faculty: Marie-Christine HENRIOT Stéphane SAUSSIER Lecturers: C. MICHEAU, European Commission G IANAKIEV, European Commission S-E MORSILI, EDF Assessment : Cases = 30% - Given by S Saussier 1 quiz = 10% - Participation = 10% - Given by MC Henriot Final study = 50%- Given by Henriot/Saussier 2

3 International Affairs & Economic Integration Course Organization Sessions 1 & 2 Economic concepts for International affairs and Economic Integration The case of Europe Trip to Brussels Sessions 3 to 5 The single market policy in the EU : Competition policy : the questions of State Aids, cartels, dominant positions. Session 6 Team coaching on final Studies Sessions 7 8 Economic integration in EU : the EURO And fiscal issues Session 13 Final presentations Sessions 9 & 12 Economic integration in EU : some examples : fiscal issues, State AId, PPS 3

4 International Affairs & Economic Integration One reference book : International Business: The New Realities Tamer Cavusgil Gary Knight John Riesenberger Pearson International Edition

5 International Affairs & Economic Integration Economic concepts for International affairs and Economic Integration The case of Europe Global Partners MBA : Atlanta Rio - Paris IAE - April 20 th 2015 Marie-Christine HENRIOT 5

6 Economic concepts for International affairs and Economic Integration What are the major economic issues at the present time in the world? 6

7 Economic concepts for International affairs and Economic Integration Objectives of the seminar : - study economic issues - understand the mechanisms, and illustrate them with the "Case of Europe" (most advanced Regional Economic Integration in the world) - impacts on business : Why companies cannot ignore theses issues, although the issues can appear far from the business? 7

8 Economic concepts for International affairs and Economic Integration Theoretical basis of the seminar : Microeconomics = deals with the behaviours of individual decision-making units (households, firms and government), and of how theses choices affect the markets for goods and services - Understand markets and predict changes : competition policy - State Aids/cartels/mergers - To make managerial and personal decisions - To evaluation public policies : Public services and Private and Public partnerships Fiscal issues in Europe 8

9 Economic concepts for International affairs and Economic Integration Macroeconomics : the study of the nation s economy as a whole deals with important topics regularly discussed in newspapers aggregates are excessively important - To understand why economies grow : competition policy - To understand economic fluctuations : monetary issues - To make informed business decisions : Final case study 9

10 Economic concepts for International affairs and Economic Integration Why economies grow? 10

11 Economic concepts for International affairs and Economic Integration Why economies grow? - Increases of income translated into higher standards of living for consumers, - Increases of demand translated into more innovation, more competitive advantages for companies - Increases in income translated into more public services, infrastructures, welfare state for State - Increase the economic performance 11

12 Economic concepts for International affairs and Economic Integration What is Economic performance? What is growth? 12

13 Economic concepts for International affairs and Economic Integration Measured by Gross Domestic Product = 13

14 Economic concepts for International affairs and Economic Integration Measured by Gross Domestic Product = Gross value added + taxes on products subsidies in products Household consumption + Government expenditures + Gross fixed capital formation + Changes in inventories + (X M) 14

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16 Source : European Economic Forecast, Spring 2014, EU Commission 16

17 Source : European Economic Forecast, Spring 2014, EU Commission 17

18 Source : US Bureau of Analysis GDP and the Economy Advance estimates for the fourth quarter of 2014 Feb

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24 Unemployment = labor force employment 24

25 ULC = Compensation per employee / GDP / per person employed 25

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28 Economic concepts for International affairs and Economic Integration Quizz - Do you know each of them? GDP Unemployment Current-account balance Trade balance Inflation Interest rates Deficit Debt Exchange rates 28

29 Economic concepts for International affairs and Economic Integration Thank you for your attention and your participation For tomorow : 6 groups to prepare short presentations Regional Economic Integration: The case of Europe chap 9 of the book April 21 st M Henriot 29

30 Economic concepts for International affairs and Economic Integration Next session : The case of Europe Prepare a short presentation (5 minutes 4 slides max): Explain the composition (elections? How? When? Where?) Role in the EU = what kind of decisions taken? Position toward national member states similar institutions? 30

31 Economic concepts for International affairs and Economic Integration Next session : The case of Europe Prepare a short presentation (5 minutes 4 slides) : The European Parliament The European Central Bank The European Commission The Council ( from the European Council that you can present in one slide..) EU Court of Justice EU

32 Final studies : 4 groups of 4 ½ hour presentation with slides : June the 3 rd pm 1 coaching session : May the 13th Subject : a country study to settle a new business As a company As the EU commission As the International Monetary Fund As the Chamber of commerce of As a bank Countries : Ukraine Portugal - Czech Republic - Slovenia - Denmark - United Kindom - Albania 32

33 Thank you sooooooooo much for your participation 33