World Economy

Code:

2M3E08

Acronym:

WE

Keywords
Classification	Keyword
OFICIAL	Economics

Instance: 2021/2022 - 2S

Active?	Yes
Course/CS Responsible:	Master in Economics of Business and Strategy

Cycles of Study/Courses

Acronym	No. of Students	Study Plan	Curricular Years	Credits UCN	Credits ECTS	Contact hours	Total Time
ME	1	Official Syllabus after 2021-2022	1	-	3	21	81
MEEE	39	Syllabus	1	-	3	21	81
MIM	4	Official Syllabus after 2021-2022	1	-	3	21	81

Teaching language

English

Objectives

The objective of the course is to make students knowledgeable of the contemporaneous world economic reality and capable of critically discussing major economic trends and anticipate them.
Students will be able to use this knowledge in the context of the Project curricular unit, in conjunction with knowledge acquired in other curricular units, to understand how such trends impact on businesses and the risks attached to their activity (home-base and elsewhere).

Learning outcomes and competences

Students shall acquire:
- knowledge of the contemporaneous world economic reality
- capacity of critically discussing major economic trends and anticipate scenarios for their evolution
- capacity to use this knowledge in the context of the Project curricular unit, in conjunction with knowledge acquired in other curricular units, to understand how such trends impact on businesses and the risks attached to their activity (home-base and elsewhere).

Working method

Presencial

Pre-requirements (prior knowledge) and co-requirements (common knowledge)

basic concepts and models of:
Macroeconomics
Microeconomics
International Economics

Program

1. Introduction: Economics in a changing world, income growth and inequality
2. Globalization, Trade and Investment: The Nation and the World Economy
3. Globalization, Winners/Losers and Rodrik’s Trilemma
4. Macroeconomics of the COVID-19 Pandemic
5. Climate change, environmental dynamics and policies

Mandatory literature

The CORE Team; The Economy, https://www.core-econ.org, 2017
The CORE Team; Macroeconomics of the COVID-19 Pandemic, https://www.core-econ.org, 2021

Teaching methods and learning activities

Teaching methodologies combine formal lectures with discussion and analytical applied assignments

Evaluation Type

Distributed evaluation without final exam

Assessment Components

Designation	Weight (%)
Teste	70,00
Trabalho escrito	15,00
Participação presencial	15,00
Total:	100,00

Amount of time allocated to each course unit

Designation	Time (hours)
Estudo autónomo	44,00
Frequência das aulas	21,00
Trabalho escrito	8,00
Apresentação/discussão de um trabalho científico	8,00
Total:	81,00

Eligibility for exams

attendance of, at least, 75% of the lecture-sessions
positive grade (minimum of 9.5 points in 20) in the test

Calculation formula of final grade

written test: 70%
written assignments and group oral presentation and discussion in class: 30%