Faculty of Economics and Business
BACHELOR’S DEGREE IN BUSINESS ADMINISTRATION Subject
International Economics For Business
Code
802271
Module
Economic Environment
Area
Economics
Character
Compulsory
Attending
2.7
Nonattending
3.3
Semester
3
Credits
6
Year
Second
Department
DEPARTMENT OF APPLIED ECONOMICS II Coordinator: Mª Isabel Álvarez
Professor Isabel Álvarez Joost Heijs
e-mail
[email protected] [email protected]
SYNOPSIS SHORT DESCRIPTOR: The aim of the course is to understand the basic characteristics of international economy, the process of economic globalization and their influence on firms’ behavior. The perspective of the course combines the access to knowledge about the international environment of firms and international markets and the intrinsic elements of firms’ internationalization. It is a course of applied economics that studies economic growth and its main drivers, international inequality and the international relationships –trade, FDI and financial system- to favor a better understanding of the international environment of firms. Previous Requirements Basic knowledge of fundamental economics (micro and macro economics) that correspond to the course of introduction in economics and the basic knowledge of quantitative analytical
Faculty of Economics and Business
instruments. This permits to understand and interpret the basic macro economic indicators, the national accounts, the time evolution of macro magnitudes series and the realization of international comparisons.
OBJETIVES OBJETIVOS (Resultados de Aprendizaje) The course permits the student can make use of the economic concepts and diagnostic methods to analyze the variables and international flows, which permit to develop the students capacity for understanding the international economic context COMPETENCES General CG2 – Capacity of analysis and synthesis CG4 – Capacity of communication and working in a group Cross-sectional CT1 - Capacity in search of empirical information CT4 – Capacity of apply the information CT5 – Using the technologies of information and telecommunications Specific CE3 – Identify the relevant economic information sources CE4 - Derive economic relevant information fro the data CE6 - Prepare consultancy reports about the specific situation of firms and markets CE8 – Understand the fundamental elements of the national and international economic environment of the firm Other: Among the particular competences that will be developed are: Developing of the capacity of critical analysis of reports and scientific articles by oral presentations and group discussion Developing of the capacity of critical use and interpretation of statistical data
LEARNING METHODOLOGY A mixed methodology of teaching and learning will be used in all educational activities with the aim of encouraging students to develop a collaborative and cooperative attitude in the pursuit of knowledge.
CONTENT (PROGRAMME OF THE SUBJECT) Part I The configuration of the international economic context - Basic tools for quantitative analysis: international comparison of macro-aggregates, temporal evolution of variables, convergence, inequality and income distribution - Globalization and internationalization of the world economy
Faculty of Economics and Business
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Configuration of the international system: regions and main indicators
Part II The dynamics of development and main determinants - Growth, structural change and international convergence - Demographic dynamics and migrations - Climate change and sustentability Part III The Context of the international business - Tools of the analysis: Balance of Payments, Indicators of international trade; Analysis of the openness and specialization; Analysis of Competiveness; - International Trade - Foreign Direct investment and multinational enterprises - International financial markets % OF TOTAL CREDITS
ATTENDANCE
Lectures
20%
100%
Classes
20%
75%
Tutorials
6%
100%
Assessment activities
4%
100%
Homeworks and class assignments
20%
0%
Time to study
30%
0%
TEACHING ACTIVITIES
Faculty of Economics and Business
EVALUATION Exams
Weigth in the overal evaluation
60%
Weigth in the overal evaluation
5%
Weigth in the overal evaluation
35%
Examen final Participation Participation during the lectures Other activities
Partial exams, presentations and the deliverance of exercises EVALUATION CRITERIA CRITERIA OF THE EVALUATION
% of the final mark
Participation during the lectures and practical activities
5
Resolving practical excercises
10
Presentations of the work
25
Final Exam:
60
After 1,5 month after the beginning of the course, it is understood that the student chosen is to follow the course according to the continuous assessment criteria. CONSIDERATION OF A STUDENT AS PRESENTED OR NON PRESENTED Ordinary call. The presentation or not to the intermediate test will be the definition criteria, so that the student that takes the exam will be considered as presented in the ordinary session and will be evaluated with the grade that applies. The student that does not take the exam and that is not involved in the evaluated activities will be considered as not presented in the June session. Continuous assessment in the extraordinary examination: in case one student has failed the ordinary examination, having attended the final exam and participated in the continuous assessment, the mark to be considered as continuous assessment for that extraordinary examination will be the final mark obtained in the ordinary examination.
Faculty of Economics and Business
INDICATIVE PLANNING SEPTEMBER: Week
Subject
Activities in the classroom
Additional readings at home
1ª
Lecture 1. Introduction to International Economics
Presentation of the teachers of the introduction and lectures 1 and 2
•
Will be distributed in classes
Explanation of the teacher of lecture 3 Explanation of the teacher followed by the resolution of exercises in the classroom Explanation of the teacher of lecture 4
•
Will be distributed in classes
•
Will be distributed in classes
•
Will be distributed in classes
Lecture 2. Globalisation and internationalisation of the world economy 2ª
Lecture 3. The measurement of economic activity. Analytical techniques 1: Macromagnitudes and international comparisons (AT 1)
3ª
Lecture 4. International convergence and inequalities. Gini Index and Human Development.
4º
Lecture 5. Configuration of the international system: Explanation of the teacher of lecture regions and main indicators 5 Lecture 6. Analytical techniques 2: Temporal comparison of macro magnitudes (AT 2)
Explanation of the teacher followed by the resolution of exercises in the classroom
Faculty of Economics and Business
OCTOBER: Week Subject Activities in the classroom 5ª Lecture 7. Growth, structural change and international Explanation of the teacher of lecture 6ª
convergence Lecture 8. Demographic dynamics, migrations PRACTICAL ACTIVITY 1: World Development Indicators (WDI)
7ª
Lecture 9. Climate change and sustentability
8ª
Lecture 10. Analytical techniques 3: Indicators of the international commerce (AT 3) Lecture 11. International Trade Theory
7 Explanation of the teacher of lecture 8 Explanation of the teacher followed by Computer guided exercises. Report advance Explanation of the teacher of lectures 9 and 10
Explanation of the teacher of lecture 11
Additional readings at home
•
Will be distributed in classes
•
Will be distributed in classes
•
Will be distributed in classes
•
Will be distributed in classes
NOVEMBER
Week 9ª 10ª
Subject PRACTICAL ACTIVITY 2: World Development Indicators (WDI) Lecture 11. Analytical techniques 4: Balance of payment (AT 4)
Activities in the classroom Computer guided exercises. Report deliverable Explanation of the teacher followed by the resolution of exercises in the classroom
Additional readings at home •
Will be distributed in classes
•
Will be distributed in classes
Faculty of Economics and Business
11ª
Lecture 12. Direct foreign investment and Explanation of the teacher of multinational enterprises lecture 12 PRACTICAL ACTIVITY 3: Indicators of commerce Computer guided exercises Report advance Lecture 13. Analytical techniques 5: Indicators of Explanation of the teacher followed internationalization (AT 5) by the resolution of exercises in the classroom Lecture 14. Reading on internationalization
12ª 13ª
•
Will be distributed in classes
•
Will be distributed in classes
•
Will be distributed in classes
DECEMBER
Week
Subject
Activities in the classroom
Additional readings at home
14ª
Lecture 15. International financial markets
•
Will be distributed in classes
15ª
PRACTICAL ACTIVITY 4: Indicators of commerce
Explanation of the teacher of lecture 15 Report deliverable
•
Will be distributed in classes
Lecture 16. Analytical techniques 5: Indicators of internationalization (TA 5)
Explanation of the teacher followed by the resolution of exercises in the classroom
Faculty of Economics and Business
RESOURCES BASIC LITERATURE
Krugman, P.K. y Obstfeld, M. (2010): International Economics, Theory and practice. Addison Wesley, Griffiths, A. Wall, S. (2012) Applied Economics, Pearson Financial Times, Harlow, Essex, New York COMPLEMENTARY LITERATURE • • • • •
•
World Development Reports of several years Annual Report of the World Bank (www.worldbank.org) Thirlwall A. P. (1994) Growth and Development. Macmillan. London. Todaro M. and Smith, S. (2003) Economic Development. Addison Wesley. Boston. UNDP Human development report (Different years). The New Palgrave Dictionary of Economics (2008) http://www.dictionaryofeconomics.com/dictionary
OTHER RESOURCES Statistics of the National Accounts (www.ine.es) World development indicators (www.bancomundial.org)
• • • • • • • • • • •
WORLD BANK: http://www.worldbank.org/INSTITUTE FOR DEVELOPMENT STUDIES DE SUSSEX: http://www.ids.ac.uk/ids/researchgateway/agriculture.html UNITED NATIONS (ONU) http://www.unsystem.org UNICEF: http://www.unicef.org World Health Organisation: http://www.who.org International Labour Organisation: http://www.ilo.org World Trade Organisation: http://www.intracen.org/http://www.wto.org UNFPA: http://www.unfpa.org UNDP (United Nations Development Programme: http://www.undp.org World watch http://www.worldwatch.org/
