INTERNATIONAL AFFAIRS & ECONOMIC INTEGRATION. Global Partners MBA : Atlanta Rio - Paris IAE - Paris, April 14 th 2014 Marie-Christine HENRIOT

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1 INTERNATIONAL AFFAIRS & ECONOMIC INTEGRATION Global Partners MBA : Atlanta Rio - Paris IAE - Paris, April 14 th 2014 Marie-Christine HENRIOT 1

2 International Affairs & Economic Integration Course Organization 13 Sessions of 3 hours + visit to Brussels 5 lecturers: IAE Faculty: Marie-Christine HENRIOT Stéphane SAUSSIER Lecturers: G IANAKIEV, European Commission A. YVRANDE, French competition Authority C. MICHEAU, European Commission 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 & 3 Economic concepts for International affairs and Economic Integration The case of Europe Trip to Brussels Sessions 4 to 6 The single market policy in the EU : Competition policy : the questions of State Aids, cartels, dominant positions. Session 7 Team coaching on final Studies Sessions 8 10 Economic integration in EU : the EURO And fiscal issues Session 13 Final presentations Sessions 11 & 12 Economic integration in EU : the case of public services 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 - Paris, April 14 th 2014 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 What are the types of economic analysis you know? What are they dealing with? What are their scope? 8

9 Economic concepts for International affairs and Economic Integration What are the types of economic analysis you know? Microeconomics and Macroeconomics 9

10 Economic concepts for International affairs and Economic Integration What are they dealing with? What are their scope? 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 : - To make managerial and personal decisions - To evaluation public policies : 10

11 Economic concepts for International affairs and Economic Integration - 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 11

12 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 - To understand economic fluctuations - To make informed business decisions 12

13 Economic concepts for International affairs and Economic Integration - To understand why economies grow : competition policy - To understand economic fluctuations : monetary issues - To make informed business decisions : Final case study 13

14 Economic concepts for International affairs and Economic Integration Why economies grow? 14

15 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 15

16 Economic concepts for International affairs and Economic Integration What is Economic performance? What is growth? 16

17 Economic concepts for International affairs and Economic Integration Measured by Gross Domestic Product = 17

18 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) 18

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20 Source : European Economic Forecast, Spring 2013, EU Commission 20

21 Source : European Economic Forecast, Spring 2012, EU Commission 21

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28 ULC = Compensation per employee GDP / per person employed 28

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31 Economic concepts for International affairs and Economic Integration Quiz - Do you know each of them? GDP Unemployment Interest rates Current-account balance Trade balance Inflation FOB-CIF exchange rates Deficit Debt 31

32 Economic concepts for International affairs and Economic Integration Thank you for your attention and your participation Next sessions : Globalization: Basics, Facts and Theoretical Backgrounds April 15 th S. Saussier Regional Economic Integration: The case of Europe April 15 th M Henriot 32

33 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? 33

34 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 can present in one slide..) EU Court of Justice EU