Comercio y Economía Internacional / International Trade and Economy
Credits: 4 ECTS
This course is addressed to non economists and its aim is to get the student familiar with basic economic principles, approaches and methods as well as with key issues in the field of international economics and trade.
The first part will give special attention to the role of the State and economic policy, in particular their rational (market failures and redistribution), instruments (regulation, public goods provision, etc.) and failures (government failures).
The second part concentrates on fundamental topics in international economics: patterns of trade and their impact on welfare, the role of trade policy, the determinants of balance of payments and exchange rates, and the role of the international capital market. In addition to the lectures, there will be practical sessions where cases and exercises will be discussed.
The assessment of the course will be based on a final exam (40% of the grade), homework and exercises as part of the practical sessions (50%) and one mid-term quiz (10%).
In addition, it is mandatory to attend at least 80% of the classes to be able to approve the course.
In practical seminars exercises and problems will be discussed and solved. They are scheduled every other week starting on the second week. At the end of each session, homework will be given to be returned in a week time.