Learning outcomes of the curricular unit (knowledge, skills and competences to be developed by the students)
Addressing the theories of international trade and the micro macroeconomics fundamentals of the functioning of international markets, giving students the analytical and theoretical tools necessary to understand the international flows of trade and the international economic relations and trade policies.
Syllabus
PART I - THE CLASSICA AND NEOCLASSICA THEORY OF INTERNATIONAL TRADE
1.Absolute advantage and comparative advantage
1.1.The Heckscher-Ohlin model and the main theorems
PART II - THE INTERNATIONAL TRADE AND MONOPOLISTIC COMPETITION
2.Intra-industry trade
2.1. Indicators of intra-industry trade and comparative advantage
2.2. Theoretical models of horizontal and vertical intra-industry trade
PART III - THE INTERNATIONAL ECONOMIC RELATIONS
3.Commercial instruments
3.1. Economic integration and regionalization
PART IV - ECONOMIC POLICY AND OPEN ECONOMY
4.Exchange rates and balance of payments
4.1.Mundell -Fleming model: short and long run effects
Demonstration of the syllabus coherence with the curricular unit's learning objectives
.The syllabus enables addressing key explanatory models of international trade and international economic relations, on a micro and macro perspective, explaining the determinants and mechanisms of states and economic blocks trade policies, including the analysis and determinants of exchange rates and the balances of payments.
Teaching methodologies (including evaluation)
The exposition of theoretical developments will be made with the support of graphical methods and complemented by the presentation of examples. Students will be asked to solve problems for application of theoretical knowledges acquired. The evaluation system along the semester will include the accomplishment of one work-group and one test. The final score will be the result of the following weighted average: Test (70%) Work-group (30%).
Demonstration of the coherence between the teaching methodologies and the learning outcomes
The teaching methodologies used in the curricular unit are in line with the programmatic contents listed.
Bibliography (Mandatory resources)
APPLEYARD, Dennis R. ; FIELD, Alfred J. ; COBB, Steven . International Economics. 5 ed. New York : McGrawHill, 2005.
GERBER, J- International Economics. 6 ed. Person, 2013.
MEDEIROS, E. R. Economia Internacional. 8 ed. Lisboa: Livraria Petrony - OBSTFELD, Maurice; - KRUGMAN, Paul R. - Economia Internacional. 9ª ed. Madrid: Pearson Educación, 2012.
LEITÃO, N.C.- Comércio Intra-sectorial : Teoria e Evidência Empírica, Ecopy, 2009
