<< Return
INTERNATIONAL ECONOMIC RELATIONS
Subject code: 16254204 Print
Identification data
Year: 2026-27
Subject
INTERNATIONAL ECONOMIC RELATIONS
Code
16254204
Course
Bachelor's Degree in Business Administration and Management (2024)
Level
Undergraduate
Subject matter
Specialisation in International Trade
Scope
Credits
Type
Academic year
6.0
OPTIONAL
Period
Second semester
General description
This course will analyse three different subjects: a) the Intermational Monteraty System, b) the global capital markets and c) the strategies of international business. The proposal of the course is to give a theoretical approach and practical tools to know better the internacional economic relations.
Modality of instruction
Face-to-face
Required subjects
Recommended subjects
Coordinator
Instructor(s)
Schedules, classrooms and language of instruction for group
Schedules, classrooms and language of instruction for group

Specific learning outcomes of the degree

  • SE8 - Analyse the relations between institutions, markets and financial assets, and their economic environments.
    • SE8.11 - Determine the main spheres of influence of trade at an international level.

Transversal learning outcomes of the degree

Unit 0. Globalization, emerging markets and international economic relations0.1. The globalization
0.2. The emerging markets
0.3. The international economic relations
PART I. INTERNATIONAL BUSINESS
Unit 1. Foreign Direct Investment
1.1. Introduction
1.2. Meaning of FDI
1.3. Relationship between trade and factor mobility
1.4. Why firms choose FDI

Unit 2. Multinationals: the strategy of international business
2.1. Introduction
2.2. Industry, Strategy, and Firm Performance
2.3. The Firm as Value Chain
2.4. Global Integration versus Local Responsiveness
2.5. Types of Strategy

Unit 3. Collaborative Strategies
3.1. Introduction
3.2. Why Exporting May Not Be Feasible
3.3. Noncollaborative Foreign Equity Arrangements
3.4. Why Companies Collaborate
3.5. Types of Collaborative Arrangements
3.6. Problems with Collaborative Arrangements
3.7. Strategy and Managing International Collaborations

Unit 4. Export and Import Strategies
4.1. Introduction
4.2. Exporting and Importing
4.3. Export Strategy
4.4. Export intermediary
4.5. Financing exports
4.6. Import Strategy


PART II. INTERNATIONAL MONETARY SYSTEM AND ITS INFLUENCE IN MACROECONOMIC POLICIES
Unit 5. Introduction and the Gold standard
5.1. Introduction
5.2. Goals of macroeconomic policies
5.3. Gold standard
Unit 6. The International Monetary system and IMF
6.1. Introduction: Interwar years
6.2. Bretton Woods system and IMF
6.3. Collapse of the Bretton Woods system
6.4. Options of economic policies in the Bretton Woods system

PART III. GLOBAL CAPITAL MARKETS AND DEVELOPING COUNTRIES
Unit 7. Global capital markets and gains from trade
7.1. Introduction
7.2. Gains from trade
7.3. Portfolio diversification
7.4. Classification of assets

Unit 8. International Capital Markets and regulation of international banking
8.1. Participants
8.1. Offshore Banking
8.1. Offshore Currency Trading
8.1. Regulation of International Banking
8.1. Difficulties in regulating international banking

Unit 9. Capital Markets and developing economies
9.1. Introduction
9.1. Rich and poor countries: the gap
9.1. Characteristics of poor countries
9.1. Borrowing and debt in developing economies

Unit 10. The debt and the debt of developing countries
10.1 Introduction
10.2 The problem of “original sin”
10.3 Types of financial capital
10.4 Latin American, East Asian and Russian crises
10.5 Lessons from crises and potential reforms
10.6 Geography’s and human capital’s role in poverty
The data displayed in the table is orientative, taking into consideration the heterogeneity of students

Other observations:

IMPORTANT:

It is forbidden any kind of IT device to communicate or transmit information during any kind of avaluation.

Second call:

During the second call, the student will obtain the maximum mark between:

a) the mark of the second call

b) the mark of the second call (75%) and theICTs practicals and seminairs during the course (25%)

Basic bibliography

  • ( Book ) Krugman, Paul R. / Obstfeld, Maurice. / Moreno, Yago, Economía internacional : teoría y política , cop. 2006 Access to the CRAI
  • ( Book ) Daniels, John D. / Radebaugh, Lee H. / Mercado González, Enrique, tr., Negocios internacionales , 2000 Access to the CRAI

Complementary bibliography