Teaching plan for the course unit



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General information


Course unit name: International Economics

Course unit code: 364567

Academic year: 2021-2022

Coordinator: Eduard Gracia Rodriguez

Department: Department of Economics

Credits: 6

Single program: S



Estimated learning time

Total number of hours 150


Face-to-face and/or online activities



-  Lecture with practical component





-  Problem-solving class




Supervised project


Independent learning






A basic understanding of both microeconomics and macroeconomics is highly desirable.



Competences to be gained during study



CG5 - Ability to work in a team (capacity to collaborate with others and contribute to a common project, capacity to work in cross-disciplinary and multicultural teams).


CG8 - Capacity to communicate in English and/or other foreign languages orally and in writing, comprehension skills, and mastery of specialized language.


CB5 - Learning skills that are necessary to undertake further study with a high degree of autonomy.


CG3 - Capacity for learning and responsibility (capacity for analysis, synthesis, to adopt global perspectove and to apply knowledge in practice).


CE3 - Understanding of the structure and operation of international markets, to detect the potential implications of increasing internationalization and the new global framework.

Learning objectives


Referring to knowledge

The main objective of this course is to provide a thorough analysis of modern trade theory, international macroeconomics and finance.

Analyse trade models in depth and discuss the causes of international trade. Analyse recent discussions in international macroeconomics and finance. The course covers both theoretical and empirical contributions in international finance and often makes reference to current issues, e.g., on exchange rate movements and financial crises.



Teaching blocks


1. International trade

1.1. Classical trade models

• Introduction to international trade
• Ricardian model: comparative advantage
• Heckscher-Ohlin model: factor endowments
• Factor mobility

1.2. New trade theory

• Imperfect competition and economies of scale
• Firm heterogeneity

1.3. Trade policy

2. International macroeconomics

2.1. International macroeconomics

• National income accounting and the balance of payments
• Exchange rate movements
• Macroeconomic policies
• Financial globalisation
• Currency crisis

2.2. Economic integration

• Degrees of economic integration
• Theory of optimum currency areas



Teaching methods and general organization


The learning methodology combines:

— Theory lectures where course materials are presented and discussed.

— Practical exercises to be solved either individually or in groups (albeit submission is individual), generally distributed on a weekly basis (usually on Friday afternoon, due for submission by the following Tuesday, then discussed in class on Wednesday). The aim is to give students an opportunity to review the contents of the course in depth every week and to understand their implications.



Official assessment of learning outcomes


The course is divided in two parts: the first one devoted to trade theory, and the second, to international macroeconomics and finance. For students following continuous assessment, the final grade is determined by a combination of the marks for weekly exercises and the two mid-term tests (at the end of each of the two sections of the course) with the following weighting:

25% - Weekly exercises on trade theory

25% - Mid-term test on trade theory

25% - Weekly exercises on international macroeconomics and finance

25% - Mid-term test on international macroeconomics and finance


Examination-based assessment

Students who are not able to meet the continuous assessment requirements or prefer to sit the single assessment examination are entitled to request single assessment.

The final examination may differ from that of continuous assessment and is worth 100% of the final grade.

Repeat assessment

The repeat assessment examination is the same for all students. Marks for continuous assessment activities are not taken into account.



Reading and study resources

Consulteu la disponibilitat a CERCABIB


FEENSTRA, Robert C., TAYLOR, Alan M. International economics. 3th. ed. New York: Worth Publishers, 2014.

Catāleg UB  Enllaç

KRUGMAN, Paul R., OBSTFELD, Maurice; MELITZ, Marc J. International economics : theory and policy. 10th ed. Boston : Pearson Addison-Wesley, 2015

Catāleg UB  Enllaç