World Economy

Code:

2M3E08

Acronym:

WE

Keywords
Classification	Keyword
OFICIAL	Economics

Instance: 2023/2024 - 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	6	Official Syllabus after 2021-2022	1	-	3	21	81
MEEE	38	Syllabus	1	-	3	21	81
MFPE	10	Study plan	1	-	3	21	81
MIM	1	Official Syllabus after 2021-2022	1	-	3	21	81

Teaching language

English

Objectives

This course intends to make students knowledgeable to some of the main features of the contemporaneous world economy and more capable of critically discuss its major trends and anticipate scearios for their evolution.

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. Major economic trends: ups and downs after the First World War.
   1.1. Three economic epochs (1918-2008): Great Depression, Golden Age and Great Moderation.
   1.2. Recent crises and answers from economic policy: financial crisis and sovereign debt crisis; pandemic crisis (Covid-19); the return of inflation; the impact of wars.
2. The Nation and the world economy: ; winners/losers and Rodrik's trilemma.
   2.1. Globalization, trade and investment.
   2.2. Winners/losers from the globalization and the Rodrik's trilemma
3. Income growth and inequality.
4. Public debt:
   4.1. History, dynamics and consequences.
   4.2. Rules versus institutions.
5. Climate change, environmental dynamics and policies

Mandatory literature

The CORE Team; The Economy, https://www.core-econ.org, 2017
Barry Eichengreen and Ugo Panizza; Public debt: threat of opportunity? - https://www.core-econ.org/selection/public-debt-threat-or-opportunity/, Insights - The CORE Team, 2023

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	65,00
Trabalho escrito	20,00
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 8 points in 20) in the test.

Calculation formula of final grade

- Distributed evaluation: written test - 65%; written assignments and group oral presentation and discussion in class - 35%.

The test will take place on May 28 (this date subject to confirmation on the first class of this course). It is also possible to complete this component of distributed evaluation on the date of the final exam in the reassessment examination period.

- Final exam: this possibility concerns only the reassessment examination period; in this case, the final grade corresponds to the grade of the final exam.