SUMMARY DESCRIPTION OF COURSE UNIT International Economics is a branch of the economic science important to be able to understand the interactions of national economies in the global context. In this economic sector are addressed matters related primarily to the process of globalization and international trade, organization of international financial and monetary systems, progressive process of European integration in a context of economic and financial crisis and strategic choices of firms in the approach to external markets.
OBJECTIVS AND LEARNING OUTCOMES The objectives of the course are as follows: 1. Sensitize students to the basic concepts of international economics, emphasizing the theoretical aspects of globalization and international trade; 2. Describe international trade policy as a strategic element to maximize the benefits of trade relations with the outside; 3. Understand the functioning of the international monetary system, the process of economic, monetary and political integration of the European Union, and the causes and consequences of the economic and financial crisis; 4. Describe the process of internationalization of a firm, focusing on the main challenges, risks and uncertainties that it may face during the process.
With this course is intended to give the student a brief overview of how the economy works in an international context, highlighting the progress made in overcoming the barriers to international trade and its reflection to national economies in a globalized world.
SKILLS At this level we try to focus with special attention how companies can meet the international market, highlighting the particular characteristics of the surrounding environment in Europe. With the body of acquired knowledge students should be able to: 1. Understand the functioning of international markets; 2. Analyze the strategic behavior of countries in its international economic relations, especially in the formation of trading blocs; 3. Understand the choices of macroeconomic policy as a result of the international environment, especially in the context of the European Union; 4. Strategize and make decisions within the internationalization process of a company.
Programme
1. THE INTERNATIONAL ECONOMY AND THE PROCESS OF GLOBALIZATION 1.1 Globalization: introductory approach. 1.2 Trade and international finance.
2. THE INTERNATIONAL TRADE 2.1 Main theoretical approaches. 2.2 Trade policy: free trade vs. protectionism.
3. INTERNATIONAL MACROECONOMIC POLICY 3.1 The International Monetary System (IMS). 3.2 The European Economic and Monetary Union. 3.3 The economic and financial crisis: causes and consequences.
4. INTERNATIONALIZATION PROCESS: COMPANY IN THE GLOBAL MARKET 4.1 The importance of internationalization. 4.2 Preparing the process of international expansion. 4.3 The access to markets. 4.4 Financial and operational strategy. 4.5 Internationalization strategies: case studies.
Main literature
KRUGMAN, P. & OBSTFELD, M.;Economia Internacional (8ª edição), Pearson, 2010. ISBN: 9788588639515
FERREIRA, M., REIS, N. & SERRA, F.;Negócios Internacionais, Lidel, 2011. ISBN: 9789727577149
Supplementary Bibliography
TEIXEIRA SEBASTIÃO, H.;Estratégias de internacionalização, Publisher team, 2006. ISBN: 9789896010256
Samuelson, P. & Nordhaus, W.;Economics (19ª Edição), Mcgraw-Hill, 2012
Learning Methods
The contents of this course will be exposed especially in theoretical and practical classes, which combine theoretical exposition with the discussion of practical cases and the resolution of exercises. For such shall be use means of computer support, including Microsoft PowerPoint software to present the program content, and perform analyzes of statistical data tables, both on computer and on paper and construct exemplary graphical representations. Complementarily will be also used media files and held outside the classroom actions to further development of the syllabus. During the classes students will be always encouraged to take a pro-active participation about the contents exposed and presenting current affairs to debate.
Assessment Components
Avaliação distribuída com exame final
Assessment Components
Description
Type
Time (hours)
Conclusion Date
Attendance (estimated)
Lessons
30
Trabalho laboratorial ou de campo
3
Relatório/Dissertação
9
Teste/Exame
3
Trabalho laboratorial ou de campo
2
Study
60
Total:
107
Continuous Assessment
Two written tests weighing 35% each test. Accomplishment and oral defense of a job 30%. NOTE: The three evaluation components are mandatory.
Under the terms of the Bachelor's Regulation:
1. The actual presence of the students in the classes will be registered and, if the number of absences per student exceeds 30% of the total number of contact sessions provided for each course unit, it will automatically be transferred to the final evaluation of the normal time.
2. In the written tests and in the evaluation elements referred to in points b) to e) of paragraph 2 of Article 39 it is necessary to obtain a minimum grade of 7.5 (seven point five) values.
3. If the student is absent or has a grade lower than 7.5 points in the tests or evaluation elements referred to in the preceding paragraph, he will be automatically transferred to the final evaluation of the normal season.
4. If the student fails to obtain a grade of less than 7.5 points in the second written test (held on the same date as the final written test of the normal time), he / she may apply for evaluation at the time of appeal.
Final Exam
Written test - 100%.
Demonstration of the coherence between the teaching methodologies and the learning outcomes