International Economics

Part of this Programme

European Studies and International Relations

Level of Qualification|Semesters|ECTS

Bachelor | Semestral | 4

Year | Type of course unit | Language

2 |Mandatory |Português

Total of Working Hours | Duration of Contact (hours)

100 | 45

Code

ULHT450-723

Recommended complementary curricular units

n/a

Prerequisites and co-requisites

n/a

Precedences

Não

Professional Internship

Não

Syllabus

1. Introduction 1.1.The context of the international economy 1.2.Globalisation 1.3.International trade 2. Main explanatory theories of international trade 2.1.Commercialism 2.2.The theory of absolute advantages 2.3. The theory of comparative advantages 2.4. Heckscher-Ohlin's theory 2.5. Other theories 2.6. Competitiveness 3.Commercial policy and economic integration 3.1. Commercial policy 3.1.1.Protectionism versus free trade 3.1.2. Trade policy instruments 3.1.3.The international trading system 3.2.Economic integration 3.2.1.Levels and forms of integration 4. International finance 4.1. The balance of payments and external debt 4.2. The foreign exchange market 4.3. International financing 4.4. International investment

Objectives

Describe the historical evolution of the international economy; To analyze the main theories of international trade; Understand the most important trade policy instruments; Assess the benefits and costs of various forms of economic integration; Know the balance of payments and the various balances that constitute it; Explain the functioning of foreign exchange markets; Know the main forms of international financing; Explain the importance of foreign direct investment.

Knowledge, abilities and skills to be acquired

Internalize the importance of international; Gain insight into the relevance of global issues; Apply the most relevant instruments of trade policy and international finance.

Teaching methodologies and assessment

Teaching methodologies: Theoretical-practical classes using recent information and communication technologies; - Discussion questions; -Analysis of cases; Tutorial follow-up. Methodologies of evaluation: - Work on the subjects taught; - Written test;

References

Krugman. Paul and Maurice Obstfeld (2011), International Economics: Theory and Policy, 9th Edition, Addison-Wesley.
Medeiros, Eduardo Raposo (2013), Economia Internacional Comércio e Finanças, 9ª ed, Escolar Editora.
Gerber, J. (2017), International Economics, 7th Edition, Pearson Education.