Public University of Navarre



Castellano | Academic year: 2016/2017 | Previous academic years:  2015/2016  |  2014/2015 
Bachelor's degree in Economics at the Universidad Pública de Navarra
Course code: 171806 Subject title: INTERNATIONAL ECONOMICS
Credits: 6 Type of subject: Optative Year: 4 Period: 1º S
Department:
Lecturers:
CASARES POLO, MIGUEL (Resp)   [Mentoring ]

Partes de este texto:

 

Module/Subject matter

Macroeconomics.

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Descriptors

International Economics, Exchange rates, Foreign exchange markets.

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General proficiencies

• GP01. Ability to analyze and summarize.
• GP04. Writing and Speaking in English.
• GP07. Ability to solve problems
• GP09. Team work.
• GP11. Work in an international environment.
• GP12. Information search.
• GP17. Autonomous learning.
• GP19. Creativity.

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Specific proficiencies

• SP01. Understand the behavior of economic institutions with formal models.
• SP04. Use economic analysis with scientific instruments.
• SP05. Write reports describing economic phenomena.
• SP06. Research projects at international, national or regional levels.
• SP10. Evaluate the performance of alternative policies and select them with technical criteria.

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Learning outcomes

International finance and foreign exchange markets.

Open-economy macroeconomics.

Exchange rate regimes.

An introduction to dynamic macroeconomic models with rational expectations.

Optimal monetary areas and the Eurozone case.

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Methodology

Activities On-class Hours  Off-class Hours
A-1 Lectures 30 0
A-2 Seminars 20 0
A-3 Discussions 10 0
A-4 Homeworks 0 25
A-5 Readings 0 10
A-6 Individual studying 0 45
A-7 Exams 6 0
A-8 Office Hours 0 4
Total 66 84

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Relationship between formative activities and proficiencies/learning outcomes

Lectures GP01, GP07, SP01, SP04 and SP10.
Seminars GP04, GP07, GP09, GP12, GP19, SP04, SP05, SP06 and SP10.
Homeworks GP04, GP07, GP09, GP11, GP12, GP19, SP05, SP06 and SP10.
Office Hours GP02, GP04, GP07 and GP09.
Mid-term and Final Exam GP01, GP04, GP07, GP12, GP17, SP01, SP04 and SP10.

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Languages

English.

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Evaluation

Learning outcomes Evaluation Grading weight (%) Second-call evaluation

International finance and foreign exchange markets.

Open-economy macroeconomics.

Exchange rate regimes.

An introduction to dynamic macroeconomic models with rational expectations.

Optimal monetary areas and the Eurozone case.

Individual execises in class.

Group exercises in class.

Homework assignments.
35 No

International finance and foreign exchange markets.

Open-economy macroeconomics.

Exchange rate regimes.

Mid-term exam 25 Yes

International finance and foreign exchange markets.

Open-economy macroeconomics.

Exchange rate regimes.

An introduction to dynamic macroeconomic models with rational expectations.

Optimal monetary areas and the Eurozone case.

Final exam. 40 Yes

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Contents

This course examines short-run fluctuations in business cycles, with special attention focused on the effects of fiscal and monetary policies on GDP. Models assume fixed prices in the short-run and fully-flexible prices in the long-run equilibrium. The analysis is based on an open-economy macroeconomic model with asset markets, goods market and a either floating or fixed rates in the foreign exchange market.

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Agenda

1. National Income Accounting and the Balance of Payments

2. Exchange Rates and the Foreign Exchange Market: An Asset Approach

3. Money, Interest Rates, and Exchange Rates

4. Output and the Exchange Rate in the Short Run

5. Price Levels and the Exchange Rate in the Long Run

6. Fixed Exchange Rates and Foreign Exchange Intervention

7. An introduction to dynamic macroeconomic models with rational expectations.

8. Optimum Currency Areas and the Euro

9. Financial Globalization: Opportunity and Crisis

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Bibliography

Access the bibliography that your professor has requested from the Library.


International Economics: Theory and Policy (2015), 10th edition, Paul R. Krugman, Maurice Obstfeld, and Marc Melitz.

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Location

Aulario on Campus Arrosadia, UPNA. Classroom TBA.

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