International Finance & Commerce
Sessions schedule Year 2002-2003
Lecturer	André Cabannes (andre.cabannes@m4x.org)
Session 1	Introduction to International economics and finance : How to measure the wealth of a nation ? The concept of GNP. The theory of comparative advantage. Introduction to the balance of payments.
Session 2	The balance of payments : theory, practice and examples. (Balance of trade : merchandises and services ; other balances : FDI, financial securities, others ; settlements ; global balance)
Session 3	The world regions exchanges. 25% of world production is traded across borders. The explosion of financial exchanges.
Session 4	The international monetary systems : from the Gold standard to today's world financial order. (When we trade across borders, what to pay with ? The XIXth century, when the pound was the international currency, beside gold. The disruptions of the XXth century. Today)
Session 5	Balances of payments and foreign exchange rates. Supply & Demand (applied to commodities, applied to currencies)
Session 6	Exchange rates. Spot & Forward currency markets. Hedging. Forecasting the exchange rates. Risk in global financial management. Presentation : Starbucks
Session 7	Foreign direct investment.. Presentation : The Argentinian crisis
Session 8	Capital management in foreign investment Presentation : World cocoa market
Session 9	International banking : a broad description, functions and tools. Presentation : The Asian monetary crisis 1997/1998
Session 10	Economic crises. Presentation : Dollarization of an economy
Session 11	The world bank and its offshoots. Presentation : China and WTO
Session 12	International financial markets. Complement presentations
Session 13	Final discussion : Wars, Economy and Financial markets. Ideas for a new world order (policies, commerce, financial organization, currency, bank)