International Trade

Code:

1GE401

Acronym:

CI

Keywords
Classification	Keyword
OFICIAL	Economics

Instance: 2017/2018 - 2S

Active?	Yes
Responsible unit:	Agrupamento Científico de Economia
Course/CS Responsible:	Bachelor in Business Administration

Cycles of Study/Courses

Acronym	No. of Students	Study Plan	Curricular Years	Credits UCN	Credits ECTS	Contact hours	Total Time
LGES	134	Bologna Syllabus since 2012	3	-	3	42	81

Teaching language

Portuguese

Objectives

The course aims to provide students with the necessary instruments to understand the current process of internationalisation of economies and firms. 

Learning outcomes and competences

By the end of the course, students should be able to understand and discuss the direction and characteristics of the internationalisation process and to evaluate the impact of both protectionist and liberalising trade policies.

Working method

Presencial

Program

1.Introduction Recent trends in the world economy. International Economic Institutions: GATT, WTO, EU. Measuring international trade and investment. 2.The political economy of international trade Instruments of trade policy and their impact. Free trade vs. protectionism: costs and benefits. Economic Integration. 3.International trade theory Theories based on comparative advantage (The classical and neoclassical approaches). The role of wages, productivity and exchange rate in determining the pattern of trade: comparative advantage versus competitive advantage. New trade theories. International trade under imperfect competition. The competitive advantage of nations. International capital movements: foreign direct investment and multinational firms.

Mandatory literature

Krugman, Paul R. e Maurice Obstfeld ;International Economics, Pearson International, 2009 (8ª Edição)
Hill, Charles;International Business: Competing in the Global Marketplace, McGraw-Hill, 2011 (8ª Edição)

Teaching methods and learning activities

Classes are theoretical and practical. Whenever possible the presentation of ths syllabus will be complemented by practical examples in order to encourage students to actively participate in the discussion of issues and to contribute with new examples.

keywords

Social sciences > Economics > International economics > International commerce

Evaluation Type

Distributed evaluation without final exam

Assessment Components

Designation	Weight (%)
Participação presencial	35,00
Teste	65,00
Total:	100,00

Amount of time allocated to each course unit

Designation	Time (hours)
Estudo autónomo	39,00
Frequência das aulas	42,00
Total:	81,00

Eligibility for exams

The assessment may be by final exam or by tests. The latter case requires the inclussion in some class, the fulfilment of attendance (excluding student workers) and conducting three tests. The approval for the course depends on obtaining a final mark equal to or higher than 10, with at least 8 points in each of the class-tests, and also at least 8points in the test, plus compliance with attendance.

Calculation formula of final grade

Final Grade
=15%*MT1+20%*MT2+65%*Test