Code: | 1EC305 | Acronym: | CINT |
Keywords | |
---|---|
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 | 259 | Bologna Syllabus since 2012 | 3 | - | 6 | 42 | 162 |
The course aims to provide students with the necessary tools to understand the phenomena of globalization of markets and of production that currently characterize the world economy. As well as provide students with the ability to evaluate the impact of trade policy on the economy and on its multiple stakeholders.
By the end of the course students should be able to:
i) Contextualize International Trade as a branch of Economics, recognizing the relevance of International Trade and of Foreign Direct Investment as major phenomena in the global economy.
ii) Interpret statistical data and indicators of International Trade.
iii) Understand why countries trade among themselves, by knowing the different theories taht explain trade flows between countries.
iv) Understand the role of wages. productivity and exchange rates in the determination of the specialization patters of countries.
v) Understand the different implications of the theory of international trade on firms' location decisions.
vi) Describe the policy instruments used to influence international trade flows and evaluate the respective market and welfare effects.
vii) Identify and explain the arguments supporting the benefits of international trade; and the argumemnts explaining in which circumstances can protectionist measures be better than free trade.
viii) Describe the developments of the international trade system and understand the implications of such developments on companies' strategies.
1.Introduction
International Trade in the Context of Economics
Recent trends in the world economy.
Measuring international trade and investment
2.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.
Growth and trade.
3.International trade Policy
Instruments of trade policy and their impact. Free trade vs. protectionism: costs and benefits. Economic Integration. International Economic Institutions: GATT, WTO, EU.
Theoretical and practical classes.
Designation | Weight (%) |
---|---|
Teste | 100,00 |
Total: | 100,00 |
Designation | Time (hours) |
---|---|
Estudo autónomo | 123,00 |
Frequência das aulas | 39,00 |
Total: | 162,00 |
The distributed assessment requires enrollment in one of the classes and the attendance of 75% of planned classes.
Distributed assessment is composed of 2 mini tests (quiz) and 1 test.
The minimum score to be obtained in each test is 8 points.
Final grade = 15%*1st Quiz+20%*2nd Quiz+65%*3rd test
Approval in the course is dependent on obtaining a Final Grade equal to or greater than 10.
The minimum score to be obtained in each test is 8 points.
In this course there is a class taught in English.