Checking date: 24/04/2019


Course: 2019/2020

International economic environment
(12500)
Study: Master in Business Administration (MBA) (301)
EPE


Coordinating teacher: ORTEGA DIEGO, JAIME

Department assigned to the subject: Department of Business Administration

Type: Electives
ECTS Credits: 2.0 ECTS

Course:
Semester:




Students are expected to have completed
Economics for Business
Competences and skills that will be acquired and learning results.
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.
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 (continued) and Fixed Exchange Rate Regimes Output and the exchange rate in the short run Effects of monetary and fiscal policies Fixed exchange rates and foreign exchange intervention Balance of payments crises and capital flight (if time permits) 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: Digitalization of Money and Team Case Study Presentations Characteristics of digital currencies Exchange rate against digital currencies Monetary policy with digital currencies Team case study presentations Readings: (will be posted).
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
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 and the academic weekly planning may change due academic events or other reasons.