University of Liege | Version française
Study programmes 2013-2014Last update : 1/10/2013
Version 2012-2013
ECON2254-1  Tropicals markets

Duration :  12h Th, 12h Pr
Number of credits :  
Required preliminary complements to register in the Advanced Master in Development, Environment and Communities2
Required preliminary complements to register in the Advanced Master in Rural Economics and Sociology2
Required preliminary complements to Advanced Master in Plant and Animal Resource Management in tropical environment2
Lecturer :  Baudouin Michel
Language(s) of instruction :  
French language
Course contents :  
1. Introduction
2. Concerned products (banana, cacao, coffee, rubber, cotton, palm oil, soya beans cake and oil, essential oils, sugar, thea, cinchona)
3. Production (for each concerned product (geographic areas, volume, value))
4. Consumption (for each concerned product (geographic areas, volume, value))
5. Exchanges (for each concerned product (exports, imports))
6. Price setting (for each concerned product)
6.1. Price mechanism
6.2. Production price
6.3. Consumption price
6.4. Intermediaries and markets
6.5. World prices and internal prices
6.6. Competitiveness
6.7. Evolution and perspectives
7. Futures markets (definition, utility and risk forecast, quantification and relative share, markets instability and volatility, regulation and public intervention)
8. International agreements (coffee, cacao, banana - euro - us, sugar, the WTO and international agreements, Stabex specificities)
9. Fair trade (definition, scale, perspectives)
Learning outcomes of the course :  
Understanding and arguing physical and futures markets functioning of main agricultural productions coming from tropical and intertropical areas.
After completing the course the student is expected to
- will understand the principal mechanisms governing the tropical markets of which the mechanisms fixing of price
- will be able to carry out a relevant research on agricultural tropical markets and to define the principal constraints and prospects for them
-will be likely to integrate the elements of determination of supply and demand in the ex-ante or ex-post analyses of of private and public investments projects
Prerequisites and co-requisites/ Recommended optional programme components :  
Planned learning activities and teaching methods :  
Mode of delivery (face-to-face ; distance-learning) :  
Lectures : 12h
Seminars : 12h
Recommended or required readings :  
Marchés tropicaux et méditerranéens (2000 - 2005).
Cyclope : Les Marchés Tropicaux - Economica.
Assessment methods and criteria :  
Group report (30%)
Oral examination (70%)
Work placement(s) :  
Organizational remarks :  
Contacts :  

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