International Economics (IBP)
Universidad Pompeu Fabra
Area of Study
Economics, International Economics
Taught In English
International Economics is a course pertaining to the UPF International Business Certificate Program. Students wishing to obtain this certificate must enroll in the required core course, "International Management," and either "International Economics" or "International Finance." Students have the option of taking all three, however the UPF recommends that students only take either Economics or Finance, and not both, as the content is somewhat similar. Upon successful completion of the IBP courses, students will receive a certificate stating they participated and completed the UPF International Business Program.
Students are welcome to take this class individually and apart from the International Business Program.
**Advised previous requirements: Introductory Economics (Microeconomics and Macroeconomics)
Recommended U.S. Semester Credits3
Recommended U.S. Quarter Units4
Hours & Credits
Since markets are going global, it is relevant to understand the implications of such scenario on consumers, entrepreneurs, and governments. It is the purpose of this course to cover these topics, both from a theoretical and empirical point of view. Specifically, the course is divided into two blocks. The first one focuses on international trade. The second one addresses topics related to international financial issues.
1. The gravity model of world trade
2. The Ricardian model
3. The balance of payments
4. Nominal and real exchange rates
5. Purchasing Power Parity (PPP)
6. The currency market
7. Fixed exchange rates
8. The European Monetary System (EMS) and the Euro
9. Review of the Quantity theory of money and the IS-LM model
10.An open economy version of the IS-LM model
11. The international financial crisis
Courses and course hours of instruction are subject to change.