International Economics

Code:

D303

Acronym:

EINT

Keywords
Classification	Keyword
OFICIAL	Legal Sciences

Instance: 2006/2007 - 1S

Active?	Yes
Course/CS Responsible:	Law

Cycles of Study/Courses

Acronym	No. of Students	Study Plan	Curricular Years	Credits UCN	Credits ECTS	Contact hours	Total Time
D	156	Official Study Plan - LD	3	-	7	-

Objectives

This discipline is based on economics and allows the students to understand:
a) International economic relations within a globalized world:
b) The economic approaches to international trade, enhancing the gains from the opening of economies;
c) The payments among nations and the foreign exchange market;
d) The international movement of labour and capital and the mechanisms of economic integration and the appearing of trade blocs;
e) The interaction of trade blocs within the World Trade Organization

Program

I – Basic notions of International Economics
1 – Introductory notions: international economics; international trade; financial problems in international markets
2 – The agents in international trade: Nations, International Organizations, Non-Governmental Organizations (NGOs), Private agents, Multinational Firms
3 – The basic theory of international trade: Demand and Supply
4 – Comparative Advantage and Factors Proportions
5 – Who gains and who loses from trade?
6 – Growth and Trade
7 – New theories of international trade
8 – Competition and international specialization

II – Trade Policy
1 – Reason for Protection
2 – The basic analysis of a Tariff
3 – Nontariff barriers to imports
4 – Tariffs and rent-seeking
5 – A critical analysis of protection
6 – Pushing exports
7 – Openness to trade
8 – International trade blocs
9 – Policies against competition
10 – International trade and the environment

III – International Monetary Economics
1 – Payments among nations: Balance of Payments
2 – The foreign exchange market and exchange risks
3 – Exchange rates: Forward and Spot exchange
4 – Government policies and the exchange rates
5 – The international monetary system: evolution and present characteristics
6 – Combining monetary policies with economic development: the role of the IMF and the World Bank

IV – International Movement of Labour and Capital
1 – The migration of labour
2 – International movement of capital: the direct foreign investment and multinational firms
3 – Taxes and mobility

V – Monetary and Economic Integration
1 – Types of integration
2 – The evolution of European integration
2 – The European monetary system
3 – Challenges to European Union, a critical analysis

VI – World Trade Organization
1 – History
2 – Principles of multilateral trade
3 – Multilateral trade and globalization
4 – Challenges to multilateral trade

Main Bibliography

APPLEYARD, Dennis e FIELD, Alfred, 1998, “International Economics”, 3th edition (1st edition in 1992), McGraw-Hill.
GANDOLFO, Giancardo, 2004, “Elements of International Economics”, Springer U.S.A.
GUILLOCHON, Bernard, 1998, “Economia Internacional”, 2nd edition, Planeta Editora
MEDEIROS, Eduardo Raposo, 2003, “Economia Internacional”, 7th edition, Instituto Superior de Ciências Sociais e Políticas, Lisboa.
PUGEL, Thomas, 2003, “International Economics”, 12nd edition, McGraw-Hill U.S.A

Complementary Bibliography

CAVACO SILVA, Aníbal, 1999, “União Monetária e Europeia: Funcionamento e Implicações”, Verbo Editora
DAS, Dirip K., 2004, “Regionalism in Global Trade”, Edward Elgar U.K..
DUNNING, John e RAJNECSH, Narula, 2004, “Multinationals and Industrial Competitiveness: a New Agenda”, Edward Elgar U.K
JACKSON, John, 1998, “The World Trade Organization: Constitution and Jurisprudence”, The Royal Institute of International Affairs, U. K..
MENDONÇA, António, FAUSTINO, Horácio, BRANCO, Manuel e FILIPE, João Paulo, 1998, “Economia Financeira Internacional”, McGraw-Hill.

Teaching methods and learning activities

Theoretical classes: Exposition of the contents of the discipline with the support of graphics from economics; use of case-studies based on information published in the media.
Practical classes: The students have to solve exercises based on the theoretical contents and to analyse international economics indicators.

Software

None

Evaluation Type

Evaluation with final exam

Eligibility for exams

The marks the student must get have to be equal or higher than 10, in a scale of [0,20] in one of the following hypotheses:
a) Written final examination;
b)Oral final examination (if the student obtained in a) a mark between 7 and 9.

Calculation formula of final grade

Are the marks obtained in the examinations referred in “Frequency Attaining” a) or b).

Examinations or Special Assignments

None

Special assessment (TE, DA, ...)

General Law and rules enforced in FDUP

Classification improvement

Is obtained by doing a written or an oral examination

Observations

All examinations include theoretical and practical components.