There are no prerequisites to take this subject. Despite this, it is advisable that the student has passed subjects as “Principles of Applied Economics” (1st course of Degree in Economics). Moreover, the student must have the basic skills in handling computer software to solve the numerical and practical exercises (Word, Excel or similar). Knowledge of a foreign language, preferably English, can also allow read supplementary bibliography.
The study of International Economics is an essential aspect for understanding today's economy from academic and professional view in a context of high and increasing trade and financial globalization. Nowadays, all economies of the world have an increasing degree of real and financial interaction with the rest of the world. Thus, this subject is an introductory course to explain the main institutional and economic relationships that characterize the organization of world economy. These contents will be developed with more detail in the subject ”International Trade and Global Financial Markets” (3rd course in the Economics Degree).
Course competences | |
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Code | Description |
E01 | Know the theoretical performance and the implications of the economic system in the production and financial fields, nationally and internationally |
E02 | Understand the role of institutions and economic agents in economic and social activities. |
E05 | Ability to contribute to the establishment of strategies which will allow for the efficient allocation of resources, the generation of wealth and a suitable distribution of income. |
E08 | Know the different types of government intervention, as well as the fundamental premises of welfare economics. |
E12 | Obtain theoretical and practical knowledge on international economic development, international trade, and international financial systems. |
E13 | Know and understand the process of European integration, the main aspects of its operation and economic relations between the countries of the European Union. |
E14 | Understand how a market economy works, determine output levels, employment and the general price level as well as equilibrium price in different market structures. |
G01 | Possession of the skills needed for continuous, self-led, independent learning, which will allow students to develop the learning abilities needed to undertake further study with a high degree of independence. |
G02 | Ability to understand the ethical responsibility and the code of ethics of professionals working in the field of economics. To know, respect and contribute to the fulfillment of the commitments related to gender equality, non-discrimination, human rights legislation and development cooperation. |
G03 | Develop oral and written communication skills in order to prepare reports, research projects and business projects and defend them before any commission or group of professionals (specialised or non-specialised) in more than one language, by collecting relevant evidence and interpreting it appropriately so as to reach conclusions. |
G04 | Ability for the use and development of information and communication technology in the development of professional activity. |
G05 | Capacity for teamwork, to lead, direct, plan and supervise multidisciplinary and multicultural teams in both national and international environments. |
Course learning outcomes | |
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Description | |
Know the main theories of economic analysis to understand the behaviour of economic agents at micro and macro level | |
Know the main macroeconomic variables and the economic policy instruments. | |
Know the performance and regulation of product and factor mark ets at national and international level and the drivers for the generation of wealth and a suitable distribution of income. | |
Train the student to search for information in order to analyze it, interpret is meaning, synthesize it and communicate it to others. | |
Train the student to listen to and defend arguments orally or in writing | |
Additional outcomes | |
Description | |
The details of the units and the evaluable activities and their date of completion will be provided in Campus Virtual.
Training Activity | Methodology | Related Competences (only degrees before RD 822/2021) | ECTS | Hours | As | Com | Description | |
Class Attendance (theory) [ON-SITE] | Lectures | E01 E02 E05 E08 E12 E13 E14 G01 G02 | 1.33 | 33.25 | N | N | The professor focuses on the topic and explains the most difficult or important aspects. These explanations should be completed with the study of bibliography and recommended readings. He/she stimulates the active participation of the student in the class. In addition, he/she asks questions to the students to check that they have understood the main contents of subject. | |
Class Attendance (practical) [ON-SITE] | Problem solving and exercises | E01 E02 E05 E08 E12 E13 E14 G01 G02 | 0.67 | 16.75 | Y | N | The professor devotes these sessions to solve the purposed numerical exercises and problems. This should help students to problem-solving byselves. In addition, economic press news and reports from international organizations will be discussed. The active participation of students in the correction of these activities will be positively assessed. | |
Other on-site activities [ON-SITE] | Combination of methods | E01 E02 E05 E08 E12 E13 E14 G01 G02 G03 | 0.12 | 3 | Y | N | Attendance at tutorials, forums, debates or any kind of proposed activities during the course (seminars, conferences, etc). | |
Other off-site activity [OFF-SITE] | Combination of methods | E01 E02 E05 E08 E12 E13 E14 G03 G04 G05 | 1.77 | 44.25 | Y | N | Students should solve the purposed activities byselves after the classes (theoretical and practical) to be corrected. The correction will be made in a cooperative mode by the students under the professor's supervision. Training activities may consist of: -Numerical exercises and questionnaires - Short-term Analyses - Summaries of further readings - Discussion about diverse topics and/or - Self-assessment tests. In some cases, these activities will be carried out in teams. The quantity and the quality of the practices carried out by the student within the timeschedule (before correction) will be assessed. | |
Study and Exam Preparation [OFF-SITE] | Self-study | E01 E02 E05 E08 E12 E13 E14 G01 G04 | 2.03 | 50.75 | N | N | Self-reading and self-study of materials and complementary bibliography. | |
Final test [ON-SITE] | Assessment tests | E01 E02 E05 E08 E12 E13 E14 G01 | 0.08 | 2 | Y | Y | It will take place on the date and time pointed out by the Faculty. | |
Total: | 6 | 150 | ||||||
Total credits of in-class work: 2.2 | Total class time hours: 55 | |||||||
Total credits of out of class work: 3.8 | Total hours of out of class work: 95 |
As: Assessable training activity Com: Training activity of compulsory overcoming (It will be essential to overcome both continuous and non-continuous assessment).
Evaluation System | Continuous assessment | Non-continuous evaluation * | Description |
Final test | 70.00% | 100.00% | The final test will consist of different questions concerning theoretical aspects, definition of concepts basic, synthesis, graphic analysis and resolution of numerical exercises. |
Assessment of problem solving and/or case studies | 20.00% | 0.00% | The quantity and quality of the problem solving and/or case studies carried out by the students will be assessed within the established timeschedule (before correction). The grade obtained in them will be taken in account both in the first and in the second resit/retake exam. |
Assessment of active participation | 10.00% | 0.00% | The active participation of student will be assessed. |
Total: | 100.00% | 100.00% |
Not related to the syllabus/contents | |
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Hours | hours |
Class Attendance (theory) [PRESENCIAL][Lectures] | 33.25 |
Class Attendance (practical) [PRESENCIAL][Problem solving and exercises] | 16.75 |
Other on-site activities [PRESENCIAL][Combination of methods] | 3 |
Other off-site activity [AUTÓNOMA][Combination of methods] | 44.25 |
Study and Exam Preparation [AUTÓNOMA][Self-study] | 50.75 |
Final test [PRESENCIAL][Assessment tests] | 2 |
Global activity | |
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Activities | hours |