IDENTIFYING DATA 2011_12
Subject (*) INTERNATIONAL ECONOMIC RELATIONS Code 16214204
Study programme
Degree of Business Administration and Management (2009)
Cycle 1st
Descriptors Credits Type Year Period
6 Optional Second
Language
Anglès
Department Economia
Coordinator
TERUEL CARRIZOSA, MERCEDES
ARZA NOLLA, MARC
E-mail mercedes.teruel@urv.cat
marc.arza@urv.cat
Lecturers
TERUEL CARRIZOSA, MERCEDES
ARZA NOLLA, MARC
Web
General description and relevant information 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
 A2 Students can find, analyze and interpret quantitative and qualitative information of a financial, accounting, economic, social and legal nature that is relevant to the taking of business decisions.
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
 A2 Sap explicar els mecanismes de relacions internacionals.
Sap explicar les estratègies d’internacionalització empresarial.
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
PART I. INTERNATIONAL MONETARY SYSTEM AND ITS INFLUENCE IN MACROECONOMIC POLICIES
Unit 1. Introduction and the Gold standard
1.1. Introduction
1.2. Goals of macroeconomic policies
1.3. Gold standard
Unit 2. The International Monetary system and IMF
2.1. Introduction: Interwar years
2.2. Bretton Woods system and IMF
2.3. Collapse of the Bretton Woods system
2.4. Options of economic policies in the Bretton Woods system

PART II. GLOBAL CAPITAL MARKETS AND DEVELOPING COUNTRIES
Unit 3. Global capital markets and gains from trade
3.1. Introduction
3.2. Gains from trade
3.3. Portfolio diversification
3.4. Classification of assets

Unit 4. International Capital Markets and regulation of international banking
4.1. Participants
4.1. Offshore Banking
4.1. Offshore Currency Trading
4.1. Regulation of International Banking
4.1. Difficulties in regulating international banking

Unit 5. Capital Markets and developing economies
5.1. Introduction
5.1. Rich and poor countries: the gap
5.1. Characteristics of poor countries
5.1. Borrowing and debt in developing economies

Unit 6. L’endeutament I el deute dels països en vies de desenvolupament
6.1 Introduction
6.2 The problem of “original sin”
6.3 Types of financial capital
6.4 Latin American, East Asian and Russian crises
6.5 Lessons from crises and potential reforms
6.6 Geography’s and human capital’s role in poverty

PART III. INTERNATIONAL BUSINESS
Unit 7. Foreign Direct Investment
7.1. Introduction
7.2. Meaning of FDI
7.3. Relationship between trade and factor mobility
7.4. Why firms choose FDI

Unit 8. Multinationals: the strategy of international business
8.1. Introduction
8.2. Industry, Strategy, and Firm Performance
8.3. The Firm as Value Chain
8.4. Global Integration versus Local Responsiveness
8.5. Types of Strategy

Unit 9. Collaborative Strategies
9.1. Introduction
9.2. Why Exporting May Not Be Feasible
9.3. Noncollaborative Foreign Equity Arrangements
9.4. Why Companies Collaborate
9.5. Types of Collaborative Arrangements
9.6. Problems with Collaborative Arrangements
9.7. Strategy and Managing International Collaborations

Unit 10. Export and Import Strategies
10.1. Introduction
10.2. Exporting and Importing
10.3. Export Strategy
10.4. Export intermediary
10.5. Financing exports
10.6. Import Strategy



Planning
Methodologies  ::  Tests
  Competences (*) Class hours
Hours outside the classroom
(**) Total hours
Introductory activities
C1
2 0 2
Lecture
C1
40 60 100
Seminars
B6
6 12 18
Practicals using information and communication technologies (ICTs) in computer rooms
B6
4 6 10
Personal tuition
B6
2 0 2
 
Extended-answer tests
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.
Seminars Practical seminairs during the class
Practicals using information and communication technologies (ICTs) in computer rooms Practicals with PC

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

Assessment
Methodologies Competences Description Weight        
Seminars
B6
Groupal discussions and correction of practicals 10%
Practicals using information and communication technologies (ICTs) in computer rooms
B6
ICT practicals related with the theoretical lecturers 10%
Extended-answer tests
B6
C1
There will be:
- 2 extended-answer tests (with a weight equal to 15% each one)
- 1 extended-answer test (with a weight equal to 50%) during the official date of first call.
80%
Others  
 
Other comments and second exam session

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 (80%) and the ICTs practicals and seminairs during the course (20%)


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/16224105
(*)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.