Checking date: 27/04/2023

Course: 2023/2024

International Economic Environment
Master In Business Administration - MBA (Plan: 466 - Estudio: 301)

Coordinating teacher: ORTEGA DIEGO, JAIME

Department assigned to the subject: Business Administration Department

Type: Electives
ECTS Credits: 2.0 ECTS


Requirements (Subjects that are assumed to be known)
Economics for Business
This course is designed to provide students with concepts and tools to analyze countries' macroeconomic performance from an international finance-trade perspective. The main goal of the course is to help students understand (a) how to evaluate general macroeconomic performance measures (b) how monetary and fiscal policies can be used to affect short-run macroeconomic conditions (c) media accounts of macroeconomic events (d) how the market for exchange rates work (e) why central banks intervene in exchange rate markets (f) how digital currencies work. The course is structured around the tools (models) of macroeconomics, using primarily graphs, and occasionally simple equations, and real-world applications.
Skills and learning outcomes
Description of contents: programme
Class 1: Introduction Basic vocabulary and tools National income accounting and balance of payments Readings: Ch. 13 (KOM), Ch. 5 & 6 (M) Cases/Exercises: Krugman, P. (2009). A Country is not a Company. Harvard Business Press. Self-study questions 1 Class 2: Money and Exchange Rates The foreign exchange market The money market The money market and the exchange rate market in the short run Readings: Ch. 14 and pp. 354-368 on Ch.15 (KOM), Ch.2 (M) Cases/Exercises: Self-study questions 2 Class 3: Long Run Dynamics in the Exchange Rate Market, and Output Effects in the Short Run Exchange rate market in the long run Output and the exchange rate in the short run Readings: Ch. 17 and pp. 368-381 on Ch.15 (KOM), Ch.7 (M) Cases/Exercises: Self-study questions 3 Class 4: Output Effects in the Short Run Output and the exchange rate in the short run Effects of monetary and fiscal policies Readings: Ch. 16-18, Ch. 2, 3, 18, and pp. 69-73 on Ch. 4 (KOM) Ch.7 (M) Cases/Exercises: Self-study questions 4 Class 5: Fixed Exchange Rates and Team Case Study Presentations Fixed exchange rate regimes: monetary and fiscal policy Team case study presentations
Learning activities and methodology
Session 1: Lecture Session 2: Lecture + Problem Set Solving + Discussion of Readings Session 3: Lecture + Problem Set Solving + Case Discussion Session 4: Lecture + Problem Set Solving + Case Discussion Session 5: Lecture + Team Case Study Presentations
Assessment System
  • % end-of-term-examination 60
  • % of continuous assessment (assigments, laboratory, practicals...) 40
Calendar of Continuous assessment
Basic Bibliography
  • Blanchard, O., and Johnson, D. . Macroeconomics. Toronto: Pearson Prentice Hall.. 2006
  • Krugman, P. R., Obstfeld, M., and Melitz, M. J.. International economics: Theory & Policy. Boston: Pearson Addison-Wesley. 2012
  • Moss, David A.. A Concise Guide to Macroeconomics: What Managers, Executives, and Students Need to Know. . Boston: Harvard Business School Press.. 2007

The course syllabus may change due academic events or other reasons.