Guías Docentes Electrónicas
1. General information
Course:
COMERCIO Y MERCADOS FINANCIEROS INTERNACIONALES
Code:
53323
Type:
CORE COURSE
ECTS credits:
6
Degree:
316 -
Academic year:
2019-20
Center:
5 -
Group(s):
10  17 
Year:
3
Duration:
C2
Main language:
Spanish
Second language:
English
Use of additional languages:
English Friendly:
Y
Web site:
Bilingual:
N
Lecturer: CARLOS ALVAREZ ALEDO - Group(s): 10  17 
Building/Office
Department
Phone number
Email
Office hours
Despacho 2.04
ECO .ESP. E INT.,ECONOMET. E Hª E INS.EC
2372
carlos.alvarez@uclm.es
Moodle

2. Pre-Requisites

There are no specific prerequisites for this subject. However, some of the knowledge obtained in the first course about basic theoretical aspects of Microeconomics and Macroeconomics should be reviewed for a more suitable follow up of the present subject. Furthermore, it would be useful to remember some items learned about World Economy.

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

International Trade and Financial Market considers an advanced analisys of International Economics. The subject looks into the main items about Trade and Financial Globalization. Special attention will be paid to recent changes in International Trade and new competitive strategies of nations, in particular, global value chains and offshoring strategies. In addition, regarding financial topics, we will focus on the main international macroeconomic relations, such as inflation, interest rates and exchange rates, the main theoretical determinants of international crisis and its real characteristics in recent years (Great Recession in US and Sovereign debt crisis of Eurozone).


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.
E08 Know the different types of government intervention, as well as the fundamental premises of welfare economics.
E11 Diagnosis and assessment skills to conduct structural and cyclical reports, as well as economic forecast summaries on the reality of the economy in Spain, the European Union and in any of the product sectors and factor markets. To do so, it will be necessary to understand and use common handbooks, as well as articles and, in general, leading edge bibliography in the core subjects of the curriculum.
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 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.
Enable student for autonomous work and learning, as well as for personal initiative
Train the student to listen to and defend arguments orally or in writing
Train the student to search for information in order to analyze it, interpret is meaning, synthesize it and communicate it to others.
To Know different basic concepts of Finance, focusing on its interpretation to extract relevant information for the company
Know the main macroeconomic variables and the economic policy instruments.
Additional outcomes
Not established.
6. Units / Contents
  • Unit 1: INTERNATIONAL TRADE, COMPETITIVENESS AND INTERNATIONAL PRICES
    • Unit 1.1: Introduction
    • Unit 1.2: Competitiveness and trade patterns (I): wages and productivity
    • Unit 1.3: Competitiveness and trade patterns (II): endowment and factor intensity
    • Unit 1.4: International prices: economic and geopolitical determinants
  • Unit 2: INTRA-SECTORAL TRADE, INTERNATIONAL FACTORS MOBILITY AND OFFSHORING
    • Unit 2.1: New flows and strategies of international trade
    • Unit 2.2: Capital international flows: Foreing Direct Investments
    • Unit 2.3: Offshoring and Global Value Chains
    • Unit 2.4: Present drivers and competitivity models en Advanced Countries and Emerging Market Economies
  • Unit 3: INTERNATIONAL TRADE AND DISTRIBUTIVE EFFECTS
    • Unit 3.1: Short and Long term effects of effects of international trade
    • Unit 3.2: Globalization impact on Advanced, Emerging and Developing Countries
    • Unit 3.3: Globalization and technological change: labour and wages effects
  • Unit 4: INTERNATIONAL MACROECONOMIC INTERDEPENDENCY
    • Unit 4.1: Real and Financial markets in an open economy
    • Unit 4.2: Current Account Balance and financial indebtedness
    • Unit 4.3: International Economic Transmission Channels and external shocks
    • Unit 4.4: International Economic Analysis
  • Unit 5: EXCHANGE RATE DETERMINANTS AND INSTABILITY
    • Unit 5.1: Theoretical drivers of exchange rates in the long and short term
    • Unit 5.2: Commitment to exchange stability, instability factors and risk premium
    • Unit 5.3: Country Risk Premium: measure and determinants
    • Unit 5.4: Theoretical models of Currency and Financial Crisis
  • Unit 6: INTERNATIONAL FINANCIAL CRISIS
    • Unit 6.1: Financial globalization and financial markets: implications for macroeconomic governance
    • Unit 6.2: Recent Financial Crisis: The Great Recession and the Debt Crisis of Euro Area
    • Unit 6.3: Current International Economic Situation Analysis
7. Activities, Units/Modules and Methodology
Training Activity Methodology Related Competences ECTS Hours As Com R Description
Class Attendance (theory) [ON-SITE] Lectures E01 E02 E08 E11 E12 E13 E14 1.33 33.25 N N N
Class Attendance (practical) [ON-SITE] Combination of methods E11 E12 0.67 16.75 Y N N
Other on-site activities [ON-SITE] Combination of methods E01 E11 G01 G02 0.15 3.75 Y N N
Scientific paper reading and review [OFF-SITE] Reading and Analysis of Reviews and Articles E01 E11 G01 G02 1 25 Y N N
Practicum and practical activities report writing or preparation [OFF-SITE] Problem solving and exercises E12 G01 G02 G03 G04 1 25 Y N N
Other off-site activity [OFF-SITE] Combination of methods E12 E13 E14 0.3 7.5 Y N N
Study and Exam Preparation [OFF-SITE] Self-study E12 E13 E14 1.4 35 Y N N
Final test [ON-SITE] Assessment tests E01 E11 E12 E13 E14 G01 G02 G03 G04 0.15 3.75 Y Y Y
Total: 6 150
Total credits of in-class work: 2.3 Total class time hours: 57.5
Total credits of out of class work: 3.7 Total hours of out of class work: 92.5
As: Assessable training activity
Com: Training activity of compulsory overcoming
R: Rescheduling training activity
8. Evaluation criteria and Grading System
  Grading System  
Evaluation System Face-to-Face Self-Study Student Description
Final test 70.00% 0.00% Minimum of 5 points out of 10
Assessment of problem solving and/or case studies 30.00% 0.00% Minimum of 1,5 out of 3.
Total: 100.00% 0.00%  

Evaluation criteria for the final exam:
The Individual assignments will consist of autonomus homework (practical exercises and summary of selected readings) ) to carry out and send via Campus Virtual within the set deadlines. In addition, participation in classroom practical activities (practical exercises through working groups of 2-3 persons in the classroom and classroom debates ) will be also considered and assessed.
Specifications for the resit/retake exam:
Evaluation criteria not defined
Specifications for the second resit / retake exam:
Evaluation criteria not defined
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][Combination of methods] 16.75
Other on-site activities [PRESENCIAL][Combination of methods] 3.75
Scientific paper reading and review [AUTÓNOMA][Reading and Analysis of Reviews and Articles] 25
Practicum and practical activities report writing or preparation [AUTÓNOMA][Problem solving and exercises] 25
Other off-site activity [AUTÓNOMA][Combination of methods] 7.5
Study and Exam Preparation [AUTÓNOMA][Self-study] 35
Final test [PRESENCIAL][Assessment tests] 3.75

Unit 1 (de 6): INTERNATIONAL TRADE, COMPETITIVENESS AND INTERNATIONAL PRICES
Teaching period: Weeks 1 -2

Unit 2 (de 6): INTRA-SECTORAL TRADE, INTERNATIONAL FACTORS MOBILITY AND OFFSHORING
Teaching period: Weeks 3-5

Unit 3 (de 6): INTERNATIONAL TRADE AND DISTRIBUTIVE EFFECTS
Teaching period: Weeks 6-7

Unit 4 (de 6): INTERNATIONAL MACROECONOMIC INTERDEPENDENCY
Teaching period: Weeks 8-10

Unit 5 (de 6): EXCHANGE RATE DETERMINANTS AND INSTABILITY
Teaching period: Weeks 11-12

Unit 6 (de 6): INTERNATIONAL FINANCIAL CRISIS
Teaching period: Weeks 13-14

Global activity
Activities hours
10. Bibliography and Sources
Author(s) Title Book/Journal Citv Publishing house ISBN Year Description Link Catálogo biblioteca
FEENSTRA, R.C.; TAYLOR, A.M. MACROECONOMÍA INTERNACIONAL Barcelona Reverte 9788429126495 2011  
FEENSTRA, R.C.; TAYLOR, A.M. COMERCIO INTERNACIONAL Barcelona Reverte 9788429126488 2011  
KRUGMAN, P.R.,OBSFELT y MELITZ, M.J. ECONOMÍA INTERNACIONAL: TEORÍA Y POLÍTICA Madrid Pearson Education 9788490352960 2016  



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