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International Economics and Globalisation 2017/2018

  • 6 ECTS
  • Taught in Portuguese
  • Continuous Assessment

Objectives

At the end of the semester, the student should:
(i) describe the historical evolution of International Economics;
(ii) explain, distinguish and discuss the main explanatory theories of international trade;
(iii) distinguish the benefits and costs of different levels of economic integration;
(iv) identify currencies and exchange rates;
(v) explain the function of foreign exchange markets;
(vi) explain the importance of foreign direct investment;
(vii) apply the theories of foreign direct investment.

Recommended Prerequisites

n.a.

Teaching Metodology

The methodology adopted is the expositive-active type, making use, whenever possible, to the presentation of illustrative examples. During classes, several teaching techniques will be used, such as exposition, demonstration, Storytelling and Debate, Case Studies and group works with tutorial supervision (learning by doing).

Body of Work

1. Introduction
1.1 International economics
1.2 Globalization process
1.3 Concepts and measures
1.4 The major trends of the world economy in the XXI century
2. Main explanatory theories of international trade
2.1 Theory of Absolute Advantage
2.2 Theory of Comparative Advantage
2.3 The Heckscher-Ohlin model
2.4 Product Life Cycle Theory
2.5 International Transfer Factors
2.6 International Trade and Economic Geography
3. Trade Policy and Economic Integration
3.1 The evolution of the multilateral trading system
3.2 Protectionism versus free trade: costs and benefits
3.3 Trade policy instruments
3.4 EU trade policy
3.5 Economic integration and regional trade
4. Currency and Exchange Rates
4.1 Exchange Rates
4.2 Foreign Exchange Market
5. Foreign Direct Investment
5.1 Determinants of Foreign Direct Investment
5.2 Internationalization of production: the role of multinational companies
5.3 Explanatory theories of FDI

Recommended Bibliography

Appleyard, D. & Field, A.(2013), International Economics, 8th Edition, Mcgraw-Hill.
Medeiros, E. R. (2013), Economia Internacional: Comércio e Finanças, 9ª Edição, Escolar Editora.

Complementary Bibliography

Krugman, P., Obstfeld, M. & Melitz, M. (2015), International Economics: Theory and Policy, 10th Edition, Pearson.

Weekly Planning

Chapter 1 - weeks 1-2
Chapter 2 - weeks 3-7
Chapter 3 - weeks 8-10
Chapter 4 - weeks 11-12
Chapter 5 - weeks 13-15

Demonstration of the syllabus coherence with the curricular unit's objectives

The contents are designed so that students acquire specific knowledge of all aspects related to economic activity between nations. The teaching of the syllabus topics will allow students to obtain an overview of the evolution of economic activity among the nations, and the debate about the importance of the trading system and the different levels and economic integration entities.

Demonstration of the teaching methodologies coherence with the curricular unit's objectives

The theoretical classes accompanied by real and current exemplification enables students to recognize the importance of taught topics and achieve the objectives set for the course. Analysis and discussion of case studies will enable the student the relationship between theoretical learning and practical application.

relevant generic skillimproved?assessed?
Achieving practical application of theoretical knowledgeYesYes
Adapting to new situationsYesYes
Analytical and synthetic skillsYesYes
Commitment to qualityYesYes
Cultural awarenessYesYes
Ethical and responsible behaviour  
Event organization, planning and managementYesYes
Foreign language proficiencyYes 
Problem Analysis and AssessmentYesYes
Problem-solvingYesYes
Relating to othersYes 
TeamworkYes 
Written and verbal communications skillsYesYes
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