Global Economics I
Code
1113
Academic unit
null
Department
null
Credits
7,5
Teacher in charge
Luís Campos e Cunha
Teaching language
English
Objectives
Prerequisites
Compulsory pre-requisites:
- 1100. Principles of Microeconomics
- 1101. Principles of Macroeconomics
Subject matter
0- Review of Microeconomics: General equilibrium and welfare; Pareto-optimal conditions.
I- Introduction to IT
II- Commodity Trade without production
III- The Classical approach to trade (Ricardo): Labor theory of value; Determinants of trade; differences in technology; comparative advantage.
IV- The Neo-classical approach to trade (HOS Model)
V- The Modern Approach to trade: Scale Economies and Imperfect Competition.
VI- Empirical Tests
VII- Specific Factors Model
VIII- Gains from Trade and Income Distribution
IX- Tariffs and Other Policy Instruments
X- Public Policies in Open Economy, Distortions
XI- Immiserizing Growth
XII- International Factor Mobility
Bibliography
Teaching method
Evaluation method
-Mid-term (30%) and a Final exam (70%)
-Both are mandatory in-class exams with closed books.