Public University of Navarre

Academic year: 2024/2025 | Previous academic years:  2023/2024  |  2022/2023  |  2021/2022  |  2020/2021 
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: Economía
CASARES POLO, MIGUEL (Resp)   [Mentoring ] DEL VILLAR OLANO, ALBA MARIA   [Mentoring ]

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Module/Subject matter




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 an either floating or fixed rates in the foreign exchange market.


General proficiencies

Not applicable


Specific proficiencies

Not applicable


Learning outcomes

RA01: Understand the principles of economic analysis, from its microeconomic and/or macroeconomic perspective, in order to contribute to efficient resource allocation.

RA02: Analyze economic institutions as the result and application of theoretical or formal representations of how the economy works.

RA04: Identify the main instruments of public intervention and relate policy recommendations to economic, environmental, and social sustainability.

RA11: Use professional criteria for economic analysis, preferably those based on the use of technical instruments.

RA14: Evaluate the consequences of different action alternatives and select the best ones given the objectives.


RA19: Organize work, in terms of good time management, order, and planning.

RA20: Select and generate the necessary information for each problem, analyze it, and make decisions based on it.




Activities On-class Hours Off-class Hours
A-1 Lectures 30  
A-2 Seminars 20  
A-3 Discussions 10  
A-4 Homeworks   25
A-5 Readings   10
A-6 Individual studying   45
A-7 Exams 06  
A-8 Office Hours   04
Total 66 84



Learning outcome Assessment activity Weight (%) It allows test resit Minimum required grade
All Practices 25 No 0
All Mid-term exam 25 No 0
All Final Exam 50 Yes 4

Practices include studentt evaluation in the seminar sessions and it may come from differentiated items (problem sets, other individual or group homework, presentations, in-class quizzes or individual exercises, etc.)

A minimum mark of 4/10 in either the final or the retake exam is required to pass the course.

Those students who do not take any of the two final exams will obtain the overall grade "NO PRESENTADO".



0. National Income Accounting and the Balance of Payments

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

2. Money, Interest Rates, and Exchange Rates

3. Output and the Exchange Rate in the Short Run

4. Fixed Exchange Rates and Foreign Exchange Intervention

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

6. An Introduction to Dynamic Macroeconomic Models with Rational Expectations



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

International Economics: Theory and Policy (2018), 11th edition, Paul R. Krugman, Maurice Obstfeld, and Marc Melitz. Pearson.






Aulario on Campus Arrosadia, UPNA. Classroom TBA.