Name: INTERNATIONAL ECONOMICS
Code: 510203004
Type: Compulsory
ECTS: 6
Length of subject: Per term
Semester and course: 3rd Year - First term
Speciality:
Language: English
Mode of study: On-site class
Lecturer data: BADILLO AMADOR, MARÍA LOURDES
Knowledge area: Economía Aplicada
Department: Economía, Contabilidad y Finanzas
Telephone: 968325602
Email: lourdes.badillo@upct.es
Office hours and location:
Qualifications/Degrees:
Academic rank in UPCT: Profesora Contratada Doctora
Number of five-year periods: 5
Number of six-year periods: 1 de investigación
Curriculum Vitae: Full Profile
Responsible for the groups: G1, G2
Lecturer data: ARTAL TUR, ANDRÉS
Knowledge area: Economía Aplicada
Department: Economía, Contabilidad y Finanzas
Telephone: 968325647
Email: andres.artal@upct.es
Office hours and location:
jueves - 10:30 / 12:30
EDIFICIO CIM - FCCE, planta 2, Despacho 2P37
Se recomienda enviar correo electrónico previo
Qualifications/Degrees:
Academic rank in UPCT: Catedrático de Universidad
Number of five-year periods: 5
Number of six-year periods: 3 de investigación y 1 de transferencia
Curriculum Vitae: Full Profile
[RA14] Identify the main structural and institutional features of the international economy.
[RA33] Demonstrate autonomous and independent learning skills.
Análisis de los determinantes de los flujos comerciales entre países. Estudio de modelos teóricos basados en mercados competitivos y no competitivos para explicar el patrón de comercio y la especialización comercial de los países. Análisis de las multinacionales, de la inversión extranjera y de los procesos de desintegración vertical de las cadenas de producción. Examinar la contabilidad nacional y la estructura de la balanza de pagos. Estudiar el proceso de determinación de los tipos de cambio en el corto y largo plazo y del tipo de cambio fijo. Identificar algunas de las principales instituciones de la economía internacional y en ese contexto examinar las características de algunos grupos de países
EDUCATIONAL UNIT 1: INTRODUCTION
Chapter 1. Introduction to International Economics
1. What is International Economics about?. Globalization
2. World Trade: An overview
3. GATT and WTO institutions
References: Krugman, Obstfeld & Melitz (2022). Chapters 1, 2 and 10.
EDUCATIONAL UNIT 2 INTERNATIONAL TRADE, FDI, AND EXTERNALITIES
Chapter 2. International Trade with perfect competition
1. Classical Trade theory: Absolute and Comparative advantage.
2. Labour Productivity: The Ricardian trade model
3. Resources and Trade: The Heckscher-Ohlin model
References: Krugman, Obstfeld & Melitz (2022). Chapters 3 and 5.
Chapter 3. Economies of Scale, production, trade and FDI
1. External economies and the location of production.
2. Internal economies and FDI flows.
References: Krugman, Obstfeld & Melitz (2022). Chapters 7 and 8.
EDUCATIONAL UNIT 3: INTERNATIONAL FINANCE
Chapter 4. Balance of Payments
1. The National Income Accounts
2. The Balance of Payments: Structure and Main equilibria.
References: Krugman, Obstfeld & Melitz (2022). Chapter 13.
Chapter 5. Exchange rates and Foreign Exchange Markets
1. Exchange rates in the short-run.
2. Exchange rates in the long-run.
3. Fixed exchange rates and foreign exchange intervention
References: Krugman, Obstfeld & Melitz (2022). Chapters 14-18.
EDUCATIONAL UNIT 4: INSTITUTIONS OF THE WORLD ECONOMY
Chapter 6. International institutions in the World economy
1. The Bretton Woods Institutions: The International Monetary Fund
2. Optimum Currency Areas and the EMU experience
3. Developing Countries: Characteristics and origin of poverty
References: Krugman, Obstfeld & Melitz (2022). Chapters 19-22.
Practice Syllabus
In-class practices on the theory chapters in the syllabus.
Promoting the continuous improvement of working and study conditions of the entire university community is one the basic principles and goals of the Universidad Politécnica de Cartagena. Such commitment to prevention and the responsibilities arising from it concern all realms of the university: governing bodies, management team, teaching and research staff, administrative and service staff and students. The UPCT Service of Occupational Hazards (Servicio de Prevención de Riesgos Laborales de la UPCT) has published a "Risk Prevention Manual for new students" (Manual de acogida al estudiante en materia de prevención de riesgos), which may be downloaded from the e-learning platform ("Aula Virtual") under the "Act in an Emergency" section, "Technical Guides" tab, with instructions and recommendations on how to act properly, from the point of view of prevention (safety, ergonomics, etc.), when developing any type of activity at the University. You will also find, in the "Act in an Emergency", sectionrecommendations on how to proceed in an emergency or if an incident occurs. Particularly when carrying out training practices in laboratories, workshops or field work, you must follow all your teacher's instructions, because he/she is the person responsible for your safety and health during practice performance. Feel free to ask any questions you may have and do not put your safety or that of your classmates at risk.
Class in conventional classroom: theory, problems, case studies, seminars, etc
Classroom sessions covering the theoretical content of the syllabus. They contribute to the achievement of all learning outcomes.
Classroom sessions covering the practical content of the syllabus. They contribute to the achievement of all learning outcomes.
57
100
Continuous assessment activities during class hours.
Summative assessment activities included in the continuous assessment system described in this course guide. All learning outcomes are assessed.
3
100
Final and ongoing assessment activities outside class hours.
Individual written final examination, in accordance with the assessment system described in this course guide.
All learning outcomes of the subject are assessed.
6
100
Tutorials
Tutorial sessions on the theoretical and practical contents of the subject, as well as on the assessment system described in this course guide. They contribute to the achievement of all the learning outcomes of the subject.
4
50
Student work: study or individual or group work
Individual study of the subject content. It contributes to the achievement of all learning outcomes.
80
0
Spoken or written exams
1) Written examination activity: Partial examination covering Units 1 to 3. Weighting: 50% of the final subject mark. The following learning outcomes are assessed: RA14 and RA33.
2) Written examination activity: Partial examination covering Units 4 to 6. Weighting: 50% of the final subject mark. The following learning outcomes are assessed: RA14 and RA33.
Activities 1 and 2 are part of the continuous assessment process and will have a corresponding recovery assessment in the ordinary and extraordinary examination periods, maintaining the same weighting in all cases. The continuous assessment midterm examinations will be held during the teaching period and within scheduled class hours.
Assessment criteria will be specified in the official examination notice.
To pass each assessment activity, students must obtain a minimum mark of 3 out of 10 in each partial examination.
100 %
1. Students who take an assessment activity forfeit any mark previously obtained in that activity.
2. Two partial examinations will be held during the academic year as part of the continuous assessment. If a student obtains the minimum required mark in either partial examination, or in an equivalent assessment activity, that mark will be retained for subsequent exam sittings in the 2026-2027 academic year.
Author: Krugman, Paul
Title: International Trade theory and policy
Editorial: Pearson
Publication Date: 2023
ISBN: 9781292417233
Aula Virtual of the subject.
Supplementary readings.
Seminars and lectures delivered by renowned specialists in the field.
Websites of national and international institutions.
Materials prepared by leading academic experts in the field and made available to students via the Internet.