IDENTIFYING DATA 2015_16
Subject (*) INTERNATIONAL ECONOMIC RELATIONS Code 16204204
Study programme
Bachelor's Degree in Finances and Accounting
Cycle 1st
Descriptors Credits Type Year Period
6 Optional 2Q
Language
Anglès
Department Economia
Coordinator
LOVCHA ., YULIYA
E-mail frankgyimah.sackey@urv.cat
yuliya.lovcha@urv.cat
Lecturers
SACKEY ., FRANK GYIMAH
LOVCHA ., YULIYA
Web
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.

Competences
Type A Code Competences Specific
 A7 Understand basic micro- and macroeconomic principles and their influence on the financial sector.
Type B Code Competences Transversal
 B6 Clear and effective communication of information, ideas, problems and solutions in public or a specific technical field
Type C Code Competences Nuclear
 C1 Have an intermediate mastery of a foreign language, preferably English

Learning outcomes
Type A Code Learning outcomes
 A7 Explain the mechanisms of international relations.
Explain business internationalization strategies.
Type B Code Learning outcomes
 B6 Plan their communications: generate ideas, search for information, select and order the information, make schemes, determine the type of audience and the objectives of the communication, etc.
Type C Code Learning outcomes
 C1 Understand the general meaning of texts that have non-routine information in a familiar subject area.

Contents
Topic Sub-topic
Unit 0. Globalization, emerging markets and international economic relations 0.1. 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


Planning
Methodologies  ::  Tests
  Competences (*) Class hours
Hours outside the classroom
(**) Total hours
Introductory activities
C1
2 0 2
Lecture
C1
40 60 100
Case study
B6
12 16 28
Personal tuition
B6
2 0 2
 
Extended-answer tests
A7
B6
C1
6 12 18
 
(*) 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 Introduction of the course during the first session
Lecture Theoretical lectures in classroom.
Case study Analysis of a case study
Personal tuition Attention to the students in the classroom

Personalized attention
Description
Attention to the student to reinforce the process of knowledge. This attention will take place in the classroom and also in office 316.

Assessment
Methodologies Competences Description Weight        
Case study
B6
Groupal discussions and correction of practicals 25%
Extended-answer tests
A7
B6
C1
There will be:
- 2 extended-answer tests (with a weight equal to 12.5% each one)
- 1 extended-answer test (with a weight equal to 50%) during the official date of first call.
75%
Others  
 
Other comments and 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%)


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IMPORTANT:

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


Sources of information

Basic

Krugman, P.R.; Obstfeld, M. (2006): Economía Internacional. Teoría y política, Ed. Pearson, Madrid, 7a edición.

Daniels, J. D.; Radebaugh, L.H. (2000): Negocios internacionales, Ed. Pearson, México, 8a. edición.

Complementary

Recommendations


Subjects that it is recommended to have taken before
WORLD ECONOMY/16204105
(*)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.