Class Global Economics I

In this course we aim to provide the student with a broad vision on international trade, to ensure the  acquisition of the required skills for the analysis of the phenomena associated with globalization that  characterizes world economic development. Specifically, the student should be familiar with the main  theories of international trade, instruments of foreign trade policy, types of economic integration, economic growth and international trade, and their effects on international economic relations.

Not applicable

1. Introduction 1.1. Globalization of the world economy 1.2. Trends in world trade 2. Theories of international trade 2.1. Theories based on comparative advantage 2.2. Other theories of international trade 3. Economic growth and international trade 3.1. Classification of the effects of trade on economic growth 3.2. Sources of growth and the frontier of production possibilities 3.3. Growth and trade 4. Foreign trade policy 4.1. Foreign trade policy instruments in perfect competition 4.2. Instruments of commercial policy in monopoly 4.3. Protectionism versus free trade: costs and benefits 4.4. Globalization and regional integration 4.5. International trade negotiations and trade policy 5. Economic integration 5.1. Types of economic integration 5.2. Static and dynamic effects of economic integration 5.3. Examples 6. Foreign direct investment 7. International trade and developing countries

Analysis of scientific papers on topics covered in classes. Contextualization of current national and international events in light of the knowledge acquired in the course.

KRUGMAN, Paul; OBSTFELD, Maurice & MELITZ - International Economics: Theory and Policy. Pearson (Pearson Series in Economics); 12th Edition; 2021 APPLEYARD, Dennis; FIELD, Alfred & COBB, Steve - International Economics. McGraw-Hill; 9th Edition; 2016