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Presentation
Presentation
This Curricular Unit presents the main concepts and theories that support the international economy and addresses the main relevant themes related to globalization caraterization in its different dimensions and current phase shift, highlighting the historical evolution of international trade and its determinants; the action of companies in a globalized world; the effects of international trade and globalization on employment, inequalities and the environment; the issue of free trade versus protectionism; and, framework of multilateral negotiations and relevant aspects of economic integration.
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Class from course
Class from course
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Degree | Semesters | ECTS
Degree | Semesters | ECTS
Bachelor | Semestral | 4
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Year | Nature | Language
Year | Nature | Language
2 | Mandatory | Português
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Code
Code
ULHT450-723
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Prerequisites and corequisites
Prerequisites and corequisites
Not applicable
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Professional Internship
Professional Internship
Não
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Syllabus
Syllabus
1. Globalization and international exchanges
- Historical evolution
- Current world trade
- Exchange of factors of production
- Global value chains
2. Measure international trade and external imbalances
- Balance of payments
- Current account imbalances
- Exchange rate
3. Determinants and gains in international exchanges
- Traditional theories
- Economies of scale, imperfect competition and heterogeneity of firms
- Competitiveness
- Determinants of international trade
4. The international presence of companies
- Exporting companies
- International investment strategy
- Insertion strategies in global value chains
5. Impacts of globalization
- Trade, employment and inequality
- Relocations, subcontracts and competition from imports
- International exchanges and interactions with the environment
6. Trade Policies and International Negotiations
- Trade policy instruments
- Protectionism Versus Liberalism
- WTO
- Regional agreements and economic integration
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Objectives
Objectives
Provide reading grids to interpret the current complexity of the international economy and globalization Characterize the functioning of international trade Interpreting global value chains (GVC) Understand the essentials of balance of payments Understand the issue of trade policies, international negotiations and economic integration Develop skills of interpretation, application and self-learning in relation to the international economy
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Teaching methodologies and assessment
Teaching methodologies and assessment
The UC uses active student-centered teaching-learning methods, through an appropriate combination of exposing the syllabus with the discussion of topics and specialized articles of general interest, prompting critical reflection and promoting group dynamics, as well as self-learning through consultation of specialized sources and websites, duly guided by the professor.
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References
References
- Krugman, Paul (2018), International Economics: Theory and Policy, 11th edition, Pearson Education Limited, U. K. ISBN13 9781292214870
- Fernandes, J.P. Teixeira (2020), Elementos de Economia Política Internacional, Editora Almedina, Coleção Manuais Universitários, 3ª Edição, Coimbra, ISBN: 9789724086927
- Medeiros, E. Raposo (2013). Economia Internacional, Comércio e Finanças – 9ª Edição, Escolar Editora, Lisboa, ISBN: 978-972-592-400-6
- Abreu, M.; Afonso, A.; Escária, V. e Ferreira, C. (2018), Econimia Monetária e Financeira (3ª Edição atualizada), Escolar Editora, Lisboa, ISBN: 978-972-592-533-1
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Office Hours
Office Hours
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Mobility
Mobility
No
