Code: | 1EC404 | Acronym: | EMI |
Keywords | |
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Classification | Keyword |
OFICIAL | Economics |
Active? | Yes |
Responsible unit: | Agrupamento Científico de Economia |
Course/CS Responsible: | Bachelor in Economics |
Acronym | No. of Students | Study Plan | Curricular Years | Credits UCN | Credits ECTS | Contact hours | Total Time |
---|---|---|---|---|---|---|---|
LECO | 60 | Bologna Syllabus since 2012 | 3 | - | 3 | 42 | 81 |
The study of international economics can be divided in two parts: “International Trade” and “International Monetary Economics”. This course will focus on the later, the monetary side of international economics, that is, the financial transactions. We will study financial crises and monetary unions, during which we will be able to address the current important issues that are the recent global financial crisis and the difficulties that the eurozone has been facing. We will also study the theories and the behaviour of exchange rates, exchange rate policy and the functioning of the international monetary system. It is the aim of this course to maintain a strong link between theory and practice.
At the theoretical level, students should be able to (i) understand and use concepts and models that are fundamental to analyse international monetary and financial events; (ii) describe and analyse critically the evolution of the internacional monetary system, the process of creating the Euro Area, and the origin and evolution of financial crises.
At the practical level, the student shoud be able to apply the theory to the analysis and explanation of real case studies, namely at the level of the analysis of the determination and behaviour of the exchange rate in the exchange market.
1. The determination and behaviour of exchange rates
1.1 Introduction: exchange rates and foreign exchange market
1.2 Interest rates and exchange rates
1.3 Money market and exchange rates
1.4 Prices and exchange rates
1.5 Exchange rates, economic activity, and the balance of payments
2. Exchange rate policy and regimes
2.1 Introduction: exchange rate regimes
2.2 Central bank intervention in the foreign exchange market
2.3 Global fixed exchange rate systems
2.4 The international monetary system: the Gold Standard
2.5 The international monetary system: Bretton Woods
2.6 Fixed and flexible exchange rates
2.7 The international monetary system after 1973
3. Monetary unions
3.1 The European experience
3.2 Optimum currency areas
3.3 The Euro zone, the financial crisis and the public debt crisis
4. Financial crises
4.1 Developing countries
4.2 Analysis of international financial crises
4.3 The current debate on the future of the international monetary system
The course is based on a theoretical component and a practical component whereby the concepts learned will be used in the interpretation of cases from the real world. Throughout the semester, we will refer to relevant news from the economic press, discussing them in light of the theoretical approaches studied, for better integration of what is taught in the current economic events.
Designation | Weight (%) |
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Participação presencial | 10,00 |
Teste | 60,00 |
Trabalho escrito | 30,00 |
Total: | 100,00 |
Designation | Time (hours) |
---|---|
Estudo autónomo | 80,00 |
Frequência das aulas | 42,00 |
Trabalho de investigação | 20,00 |
Trabalho escrito | 20,00 |
Total: | 162,00 |
In the distributed examination process the final grade is the weighted average of the grades obtained in the following components:
Examination by final exam the final grade is that obtained in the final exam.