Guías Docentes Electrónicas
1. General information
Course:
WORLD ECONOMY
Code:
53311
Type:
CORE COURSE
ECTS credits:
6
Degree:
316 - UNDERGRADUATE DEGREE IN ECONOMICS
Academic year:
2022-23
Center:
5 - FACULTY OF ECONOMICS AND BUSINESS
Group(s):
10  17 
Year:
2
Duration:
First semester
Main language:
Spanish
Second language:
English
Use of additional languages:
English Friendly:
Y
Web site:
Bilingual:
N
Lecturer: MARIA LOURDES MORENO MONDEJAR - Group(s): 10 
Building/Office
Department
Phone number
Email
Office hours
Despacho 2.21
ECO .ESP. E INT.,ECONOMET. E Hª E INS.EC
lourdes.moreno@uclm.es
The tutorial schedule will be available in Campus Virtual.

Lecturer: MIGUEL RAMON PARDO PARDO - Group(s): 10 
Building/Office
Department
Phone number
Email
Office hours
2.06
ECO .ESP. E INT.,ECONOMET. E Hª E INS.EC
2381
miguel.pardo@uclm.es

Lecturer: ANGELA TRIGUERO CANO - Group(s): 17 
Building/Office
Department
Phone number
Email
Office hours
Despacho 2.03
ECO .ESP. E INT.,ECONOMET. E Hª E INS.EC
angela.triguero@uclm.es

2. Pre-Requisites

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.

3. Justification in the curriculum, relation to other subjects and to the profession

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).


4. Degree competences achieved in this course
Course competences
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.
5. Objectives or Learning Outcomes
Course learning outcomes
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
6. Units / Contents
  • Unit 1: GROWTH AND STRUCTURAL CHANGES: DETERMINANTS AND EVOLUTION
  • Unit 2: INTERNATIONAL TRADE: TEORY AND PRESENT SITUATION
  • Unit 3: TRADE POLICY, LIBERALIZATION AND REGIONAL TRADE AGREEMENTS
  • Unit 4: INTERNATIONAL FINANCIAL RELATIONS AND CAPITAL FLOWS
  • Unit 5: ECONOMIC DEVELOPMENT AND INEQUALITY
  • Unit 6: CURRENT CHALLENGES OF WORLD ECONOMY:SUSTAINABLE DEVELOPMENT GOALS
ADDITIONAL COMMENTS, REMARKS

The details of the units and the evaluable activities and their date of completion will be provided in Campus Virtual.


7. Activities, Units/Modules and Methodology
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).

8. Evaluation criteria and Grading System
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%  
According to art. 4 of the UCLM Student Evaluation Regulations, it must be provided to students who cannot regularly attend face-to-face training activities the passing of the subject, having the right (art. 12.2) to be globally graded, in 2 annual calls per subject , an ordinary and an extraordinary one (evaluating 100% of the competences).

Evaluation criteria for the final exam:
  • Continuous assessment:
    It is based on the assessment of various training activities (problem-solving, debates, complementary readings, questionnaires,...), active participation in class, and a final test. Attendance at seminars or other events programmed in the Faculty will also be positively assessed. According to the Student Evaluation Regulations, the student is required to obtain a mark of 4 in the final test to average the obtained scores in the rest of the proposed training activities.
    -Those students who, having even carried out evaluation activities, want to be evaluated with the non-continuous evaluation criteria must notify the teacher before the end of the class period.

    -Regarding the evaluation in case of illness or other special circumstances (mitigating rules), see article 6 of the Student Evaluation Regulation of the University of Castilla-La Mancha.
  • Non-continuous evaluation:
    - In accordance with section b of point 4.2. of the 2022 Student Regulations, any student may switch to the non-continuous evaluation modality by the procedure established by the professor at the beginning of the course and provided that they have not participated during the period of classes in assessable activities that involve as a whole at least 50 % of them. If a student has reached 50 % of the evaluable activities or if, in any case, the class period has ended, they will be considered in continuous evaluation without the possibility of changing the evaluation modality.

    - The final mark corresponds to a final test in which the student will be evaluated of all the theoretical-practical contents developed in the subject, including a set of tasks and practices that allows assessing the competences and the learning outcomes of the subject.

    -Regarding the evaluation in case of illness or other special circumstances (mitigating rules), see article 6 of the Student Evaluation Regulation of the University of Castilla-La Mancha.

Specifications for the resit/retake exam:
There are no specifications.
Specifications for the second resit / retake exam:
Given the special characteristics of this call, the final mark corresponds to a final test. If the student has followed the continuous assessment during the previous academic year, it will be positively assessed.
9. Assignments, course calendar and important dates
Not related to the syllabus/contents
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
Activities hours
10. Bibliography and Sources
Author(s) Title Book/Journal Citv Publishing house ISBN Year Description Link Catálogo biblioteca
ALONSO, J. A. (coaut. y dir.) Lecciones sobre Economía Mundial: Introducción al Desarrollo y a las Relaciones Económicas Internacionales Madrid Civitas 978-84-1346-397-1 2021 BIBLIOGRAFÍA BÁSICA  
ATKINSON, A.B. Desigualdad ¿Qué podemos hacer? Ciudad de México Fondo de Cultura Económica 978-607-16-3623-2 2016 BIBLIOGRAFÍA COMPLEMENTARIA  
BANERJEE, A.V. y DUFLO E. Buena economía para tiempos difíciles Móstoles. Madrid Taurus 978-84-306-1983-2 2020 BIBLIOGRAFIA COMPLEMENTARIA  
BILBAO, J. y LONGÁS, J.C. (Coords.) Temas de Economía Mundial Madrid Delta 978-84-924-53399 2009 BIBLIOGRAFÍA COMPLEMENTARIA  
GARCÍA DE LA CRUZ, J. M. Y DURÁN, G. (coord.) Sistema Económico Mundial Madrid Thomson 978-84-9732-303-1 2004 BIBLIOGRAFÍA COMPLEMENTARIA  
GARCÍA DE LA CRUZ, J. M., DURÁN, G. Y SÁNCHEZ, A. (coord.) La Economía Mundial en Transformación Madrid Paraninfo 978-84-283-8098-0 2011 BIBLIOGRAFÍA COMPLEMENTARIA  
GÓMEZ, P.J. (Coord.) La economía mundial. Enfoques críticos Fuencarral. Madrid Fuhem / La Catarata 978-84-90973-01-1 2017 BIBLIOGRAFÍA COMPLEMENTARIA  
KRUGMAN, P., OBSTFELD, M. y MELITZ, M. Economía Internacional.Teoría y Política Pearson Education 978-84-7829-101-4 2016 BIBLIOGRAFÍA COMPLEMENTARIA  
MUÑOZ CIDAD, C. Estructura Económica Internacional Madrid Civitas 84-313-2278-0 2003 BIBLIOGRAFÍA BÁSICA  
REQUEIJO, J. Economía Mundial Madrid McGraw-Hill 978-84-206-8199-3 2006 BIBLIOGRAFÍA COMPLEMENTARIA  
TUGORES, J. Economía Internacional Madrid McGraw-Hill 978-8448142391 2005 BIBLIOGRAFÍA COMPLEMENTARIA  



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