International Commerce 2017/2018
- 5 ECTS
- Taught in Portuguese
- Continuous Assessment
- relevant skillset
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.
Microeconomics and Macroeconomics
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.
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
Hill, C. & Hult, T. (2016); International Business: Competing in the Global Marketplace, 11th edition, McGraw-Hill
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 skill||improved?||assessed?|
|Achieving practical application of theoretical knowledge||Yes||Yes|
|Analytical and synthetic skills||Yes||Yes|
|Commitment to quality||Yes||Yes|
|Ethical and responsible behaviour||Yes|
|Event organization, planning and management|
|Foreign language proficiency|
|IT and technology proficiency||Yes||Yes|
|Problem Analysis and Assessment||Yes||Yes|
|Relating to others||Yes||Yes|
|Written and verbal communications skills||Yes||Yes|