IDENTIFYING DATA

2023_24

Subject (*)

INTERNATIONAL ECONOMICS

Code

16234203

Study programme

Bachelor's Degree in Business Administration and Management (CTE)

Cycle

1st

Descriptors

Credits

Type

Year

Period

Optional

Third

Language

Anglès

Department

Economics

Coordinator

BANNIKOVA , MARINA

E-mail

marina.bannikova@urv.cat

Lecturers

BANNIKOVA , MARINA

Web

General description and relevant information

<div> <p><strong>GENERAL DESCRIPTION OF THE SUBJECT</strong></p></div><div>The objective of this course is to provide an analytical training in open economy issues from a European perspective. The course aims at analyzing key questions in open economy macroeconomics such as: how is the (nominal) exchange rate of the euro versus other currencies determined? What does it mean for a currency like the euro to be overvalued or undervalued? What are the benefits of fixed exchange rates or a common currency? Why do some fixed exchange rate regimes fail and end in a currency crisis? </div>

Competences

Type A	Code	Competences Specific
	A1	Understand the basic micro-and macroeconomic principles involved in business management.
Type B	Code	Competences Transversal
	B5	Teamwork, collaboration and sharing of responsibility
Type C	Code	Competences Nuclear
	C1	Have an intermediate mastery of a foreign language, preferably English

Learning outcomes

Type A	Code	Learning outcomes
	A1	Understand the formation of exchange rates, the workings of the currency market, the influence of macroeconomic variables on the currency market and the different models for determining exchange rates. Explain and analyze the effect of intervening in both fixed and flexible exchange rates in the currency market and the effect of intervening in optimal monetary areas.
Type B	Code	Learning outcomes
	B5	Identify the group’s objectives as their own. Participate actively and share information, knowledge and experience. Take an interest in the importance of the group’s activity. Take active part in planning the work of the team, and in distributing the tasks and the deadlines.
Type C	Code	Learning outcomes
	C1	Explain and justify briefly their opinions and projects. Understand instructions about classes or tasks assigned by the teaching staff. Understand the general meaning of texts that have non-routine information in a familiar subject area. Take notes during a class.

Contents

Topic	Sub-topic
UNIT 1. Introduction	1.1. Introduction 1.2. The exchange rate 1.3. The eruo 1.4. The foreign exchange market
UNIT 2. The exchange rate, the exchange rate market and the money market	2.1. Assets’ demand in the foreign exchange market 2.2. Equilibrium in the foreign exchange market 2.3. The money market 2.4. Money supply and the short-run exchange rate
UNIT 3. Macroeconomic policies and the exchange rate	3.1. Equilibrium in the assets market 3.2. Equilibrium in the goods market 3.3. Short-run equilibrium in an open economy 3.4. Monetary and fiscal policies 3.5. The J curve 3.6. Long-run equilibrium in an open economy
UNIT 4. Choosing an exchange rate system	4.1. Fixed exchange rate 4.2. Stabilisation policies with a fixed exchange rate 4.3. Approaches and criteria for choosing an exchange rate systemt 4.4. Fixed or flexible exchange rates? 4.5. Exchange rate crises

Planning

Methodologies :: Tests

Competences

(*) Class hours

Hours outside the classroom

(**) Total hours

Introductory activities

Lecture

Problem solving, exercises in the classroom

Presentations / oral communications

Personal attention

Extended-answer tests

(*) On e-learning, hours of virtual attendance of the teacher.
(**) The information in the planning table is for guidance only and does not take into account the heterogeneity of the students.

Methodologies

Methodologies

	Description
Introductory activities	Activities designed to make contact with students, introduce the contents of the subject, the sources of information and the assessment of the course.
Lecture	Description of the contents of the subject, raising questions and proposing real life situations to be studied with the analysis presented.
Problem solving, exercises in the classroom	Formulation, analysis, resolution and debate of a problem or exercise related to the topic of the subject.
Presentations / oral communications	The students will present, in class, a research project.
Personal attention	An opportunity for the students for further discussion and ressolution of doubts.

Personalized attention

Description

The hours for personalized attention will be announced the first day of class.

Assessment

Methodologies

Competences

Description

Weight

Problem solving, exercises in the classroom

The students will work on solving exercises and cases in class. There will be debates on current topics too.

10%

Presentations / oral communications

The students will present, in class, a research project.

20%

Extended-answer tests

The students will take an exam throughout the course (20% of the overall grade). They will also take a final exam (50%) on a pre-announced date.
For the second call, the grade will consist of an exam (100%).

20%
50%

Others


Other comments and second exam session

Sources of information

Basic	Krugman, P.; Obstfeld, M., Melitz, M., International Economics: theory and policy, 11th edition, 2018 Feenstra, R. and A. Taylor, International Macroeconomics, 5th edition, 2021

Complementary	P. De Grauwe, Economics of EMU, , 2005

Recommendations

Subjects that it is recommended to have taken before

MACROECONOMICS/16214118

(*)The teaching guide is the document in which the URV publishes the information about all its courses. It is a public document and cannot be modified. Only in exceptional cases can it be revised by the competent agent or duly revised so that it is in line with current legislation.