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International Commerce 2017/2018

  • 5 ECTS
  • Taught in Portuguese
  • Continuous Assessment

Objectives

The course aims to provide students with the necessary instruments to understand the process of globalization that characterizes the world economy nowadays, as well as to evaluate the impact of both protectionist and liberalizing trade policies.

At the end of the course, students should be able to:
i) Recognize the relevance of international trade and FDI in the world economy;
(ii) Interpreting statistical data on international trade;
(iii) Identify the main trade policy instruments and their economic effects;
iv) Describe the main developments in world trade regulation and economic integration;
v) Understand and distinguish the main theories of international trade.

Recommended Prerequisites

Microeconomics and Macroeconomics

Teaching Metodology

The theoretical component of lectures allows students to contextualize international economics and finances as an advanced field on economic theory. The practical component of lectures allows students to solve exercises and to interpret some economic indicators and understand their implications.

Body of Work

Chapter 1: Introduction
Recent trends in the world economy. Measuring international trade and investment.
Chapter 2: Foreign trade policy
Instruments of trade policy and their impact. Free trade vs. protectionism: costs and benefits. Economic Integration. International Economic Institutions: GATT, WTO, EU. International capital movements: foreign direct investment and multinational firms.
Chapter 3: Theories of International Trade
Theories based on comparative advantage (The classical and neoclassical approaches). Comparative advantage versus competitive advantage. New trade theories. International trade under imperfect competition.

Recommended Bibliography

Krugman, P. & Obstfeld, M. (2014); International Economics, 10th Edition, Pearson Higher Education
Appleyard, D. & Field, A. (2013); International Economics, 8th Edition, McGraw-Hill
Medeiros, E. R. (2013); Economia Internacional: Comércio e Finanças, 9th Edition, Escolar Editora

Complementary Bibliography

Hill, C. & Hult, T. (2016); International Business: Competing in the Global Marketplace, 11th edition, McGraw-Hill

Weekly Planning

To be determined

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

Learning outcomes 1 and 2 - Chapter 1;
Learning outcomes 3 and 4 - Chapter 2;
Learning outcome 5 - Chapter 3.

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. The exercises and the analysis and discussion of case studies will enable the student to establish the link between theoretical learning and practical application.

relevant generic skillimproved?assessed?
Achieving practical application of theoretical knowledgeYesYes
Analytical and synthetic skillsYesYes
Commitment to qualityYesYes
Ethical and responsible behaviourYes 
Event organization, planning and management  
Foreign language proficiency  
IT and technology proficiencyYesYes
Problem Analysis and AssessmentYesYes
Relating to othersYesYes
Research skillsYesYes
TeamworkYesYes
Written and verbal communications skillsYesYes
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