Global Economics and Markets

Code:

2MEAE15

Acronym:

EMG

Keywords
Classification	Keyword
OFICIAL	Economics

Instance: 2021/2022 - 1S

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

Cycles of Study/Courses

Acronym	No. of Students	Study Plan	Curricular Years	Credits UCN	Credits ECTS	Contact hours	Total Time
EAE	3	Official Syllabus after 2021-2022	2	-	3	21	81

Teaching language

Portuguese

Objectives

 

The learning objectives of this course are: to understand the functioning of the economy from a global perspective, and the way it is affected by the interactions between the different national economies; to understand how fundamental macroeconomic variables interact in the context of open economies; to understand how the international monetary system works and to become familiar with the proposals for its reform; to understand the impact of financial globalization, with its benefits and challenges; to understand the occurrence of global imbalances and global financial crises.

Amongst other topics, we will study the international capital markets and how they work, the gains from financial globalisation, crises, and global imbalances, as well as the use of future markets as an instrument to cover risk price.

This course will integrate theory with empirical evidence, while also looking at particular case studies, including the most recent ones. This will help students in their application of the theory and in identifying the relevance of the subjects studied for the important questions of the global economy.

 

Learning outcomes and competences

 

This course aims to provide students with knowledge that allows them to comprehend the economic developments that underlie the present economic debate and that impact the running of enterprises and financial institutions, supplying the tools for their active participation in the global market.

 

Working method

Presencial

Program

 

1. The global macroeconomy

 

2. International economic transactions and globalisation

3. The global capital market

4. Crises and global imbalances

5. THe futures market: characterization, operation and use.

 

Mandatory literature

Robert C. Feenstra e Alan M. Taylor; Internacional Macroeconomics, Worth Publishers, 2008
Franklin Edwards e Coindy Ma; futures & options, McGraw -Hill International Editions, 1992
Outra bibliografia a ser indicada no decorrer do semestre letivo; Other bibliography to be indicated throughout the semester.

Complementary Bibliography

Paul R. Krugman e Maurice Obstfeld; International Economics: theory & policy, Pearson, 2009
Outra bibliografia a ser indicada no decorrer do semestre letivo; Other bibliography to be indicated throughout the semester.

Teaching methods and learning activities

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. In order to link the subjects of the course with real economic events, relevant news from the economic press will be discussed throughout the study period.

Evaluation Type

Evaluation with final exam

Assessment Components

Designation	Weight (%)
Exame	100,00
Total:	100,00

Amount of time allocated to each course unit

Designation	Time (hours)
Frequência das aulas	3,00
Total:	3,00

Eligibility for exams

Final exam

Calculation formula of final grade

 The final grade is that obtained in the final exam.