International Economy

Code:

LRI004

Acronym:

ECOINT

Instance: 2021/2022 - 2S

Active?	Yes
Responsible unit:	Department of Sociology
Course/CS Responsible:	Bachelor in Languages and International Relations

Cycles of Study/Courses

Acronym	No. of Students	Study Plan	Curricular Years	Credits UCN	Credits ECTS	Contact hours	Total Time
LRI	98	LRI - Study Plan	2	-	6	4	4

Teaching language

Portuguese

Objectives

Learn about the main paradigms of international economics; acquire knowledge on trade theory and policy. Interpret correctly information on international economic relations.

Learning outcomes and competences

By the end of the semester, students should be able to apply correctly the concepts related with international economics, develop a critical and reflexive stand in analyzing international economics data and develop oral and written communication skills.

Working method

Presencial

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

There is no formal prerequisite. However, it is assumed that students have some knowledge of economics at the level, for example, of Introduction to Economics (LRI010) or Economics (SOCI009).

Program

1. International economics

1.1. The object of analysis

1.2. Patterns of international trade and globalization

1.3. International trade statistics

 

2. Economic theory of international trade

2.1. The classical theory of trade

2.2. The Hecksher-Ohlin model

2.3. Neo-factor and neo-technology models

2.4. Demand-side models

2.5. Economies of scale and imperfect competition

2.6. The Porter model

 

3. Trade policy

3.1. Main instruments of trade policy

3.2. The organization of world trade

Mandatory literature

Krugman, P., M. Obstfeld e M. Melitz ; International Economics: Theory and Policy, Global Edition, 11ª edição, Pearson Higher Education, 2018

Complementary Bibliography

Appleyard, D. e A. Field ; International Economics, 9ª edição, McGraw-Hill Education, 2017
Feenstra, R. C. e A. M. Taylor ; International Trade, 4ª edição, Worth Publishers, 2016
Salvatore, D.; International Economics, 12ª edição, Wiley, 2016

Teaching methods and learning activities

The learning process is based on theoretical-practical lessons (TP) and tutorial sessions (OT).

TP lessons are dedicated to the theoretical description of the topics covered in the syllabus, illustrating with practical examples and case studies, many of which related to Portugal and Europe.

OT sessions involve students in the learning process by proposing the resolution of a number of assignments in subjects related to the course’s topics.

Students also benefit from personal attending sessions, in which they may discuss any questions regarding the course, its topics and materials. All course materials (e.g., slides, texts, assignments) are available to all students registered in the course at SIGARRA.

The adopted method of evaluation is one of “distributed evaluation with final exam”. The final mark corresponds to the weighted average of the exam classification (70%) and the classification obtained in the OT component (30%).

keywords

Social sciences > Economics > International economics

Evaluation Type

Distributed evaluation with final exam

Assessment Components

Designation	Weight (%)
Exame	70,00
Trabalho escrito	15,00
Trabalho prático ou de projeto	15,00
Total:	100,00

Amount of time allocated to each course unit

Designation	Time (hours)
Estudo autónomo	77,00
Frequência das aulas	52,00
Trabalho escrito	33,00
Total:	162,00

Eligibility for exams

According to FLUP’s regulations. The final grade corresponds to a weighted average of the grade obtained in the final exam and in the OT component. Students without a passing grade may take the resit exam.

Calculation formula of final grade

The final mark corresponds to the weighted average of the exam classification (70%) and the classification in the OT component (30%). Students have also to conclude all the components of assessment with a minimum mark of 8 points (out of 20).

Classification improvement

According to FLUP’s regulations. The final mark corresponds to the weighted average of the exam classification (70%) and the classification in the OT component (30%). Only the final exam component can be subject to classification improvement. The OT component is not subject to classification improvement.