International Economics

Code:

LEC207

Acronym:

EI

Keywords
Classification	Keyword
OFICIAL	Economics

Instance: 2004/2005 - 2S

Active?	Yes
Web Page:	http://www.fep.up.pt/disciplinas/lec207
Responsible unit:	Grupo de Economia
Course/CS Responsible:	ECONOMICS

Cycles of Study/Courses

Acronym	No. of Students	Study Plan	Curricular Years	Credits UCN	Credits ECTS	Contact hours	Total Time
ECO	661	Official Curricular Structure since 2004	2	3		-

Objectives

At the end of the semester students should be able to use the theoretical framework to analyse current events in national and world markets related to status quo or to changes in trade policies, e.g. trade in agricultural goods, and the ongoing Doha round, at the WTO, for trade liberalization.

Program

I - The Theory of International Trade
Absolute versus Comparative Advantages - The Classical and Neoclassical theories of trade; Alternative Theories of Trade - economies of scale and product differentiation.
II - Trade Policy
The Instruments and the Impact of Trade Policies. The Economics of Protection and Liberalization. The Political Economy of Trade Policy. Economic Integration and Trade Blocs.
III - International Factor Movements.

Main Bibliography

Appleyard and Field, 2001, “International Economics – trade Theory and Policy”, fourth edition, Irwin –Chicago.
Krugman, Paul e Obstfeld, M., 2003, “International Economics – Theory and Policy”, 6th edition, Harper Collins, N. Y.
Krugman, Paul e Obstfeld, M., 2001, “Economia Internacional – Teoria e Política”, 5ª edição, Makron Books - Brasil.

Teaching methods and learning activities

In most classes theoretical matters are presented. Whenever possible practical cases are analysed and discussed.

Evaluation Type

Distributed evaluation with final exam

Eligibility for exams

About 80% of students attend classes which is above average values in this Faculty.

Special assessment (TE, DA, ...)

ERASMUS students are subject to special procedure to assess their work. In particular they are subject to 2 questionaires and a final exam.