Code: | 2ECON26 | Acronym: | ITF |
Keywords | |
---|---|
Classification | Keyword |
CNAEF | Economics |
Active? | Yes |
Course/CS Responsible: | Master in Economics |
Acronym | No. of Students | Study Plan | Curricular Years | Credits UCN | Credits ECTS | Contact hours | Total Time |
---|---|---|---|---|---|---|---|
ME | 18 | Bologna Syllabus | 1 | - | 7,5 | 56 | 202,5 |
- Description of main trade theories that explain observed trade patterns in global trade;
- Presentation of (i) the main explanations for firm's decisions on exports, international outsourcing, and FDI; (ii) main determinants of trade geography; and (iii) instruments and impacts of trade policies;
- Description of the contents of the Balance of Payments;
- Analyse the behaviour of exchange rates: facts, theories and policies;
- Description of the criteria for deciding international borrowing and financial investment;
- Presentation of the instruments and techniques for hedging foreign exchange risk.
At the end of the course, students should be able to:
- identify major actors and trends in world trade;
- explain trade composition and trade geography;
- explain why firms may decide to export, to outsource, or to invest abroad;
- identify main trade policy measures and to explain their market and welfare effects;
-read and interpret the main items in a Balance of Payments;
- identify the main reasons behind the behaviour of any exchange rate, both in the short run and in the long run;
- hedge foreign exchange risk, using the most common instruments in international finance.
Part I
1. World trade overview
2. Trade and comparative advantages
3. Increasing returns and the gravity equation
4. Firms in the global economy: Exports, outsourcing and MNEs
5. Trade policy: Instruments, political economy and EU's policy
6. Trade policy in developing countries, and controversies
7. Trade, growth, and wages
Part II
1. The link between international trade and international finance
2. The Balance of Payments and the Net Investment Position
3. Foreign exchange markets and exchange rates
4. The interest rate parity: investment and financing criteria
5. Foreign exchange risk and hedging in international trade
6. Exchange rate regimes
7. Models of determination of exchange rates
8. Exchange rate forecasting and market efficiency
Theoretical and applied lectures. Discussion of research papers and technical reports. Solving of quantitative problems.
Designation | Weight (%) |
---|---|
Teste | 85,00 |
Trabalho escrito | 15,00 |
Total: | 100,00 |
Designation | Time (hours) |
---|---|
Apresentação/discussão de um trabalho científico | 3,00 |
Estudo autónomo | 127,50 |
Frequência das aulas | 42,00 |
Trabalho escrito | 30,00 |
Total: | 202,50 |
Continuous evaluation requires students to attend at least 75% of the lectures.
Continuous evaluation: Each part of the course weights 50% on the student final grade.
Evaluation of Part I of the course encompasses 1 written test (70%) and 1 written report (30%). The evaluation of Part II of the course consists of 1 written test (100%).
The alternative to the continuous evaluation is a comprehensive exam (100%).