Integration and Economic Globalisation
Code: 104650 ECTS Credits: 6| Degree | Type | Year | Semester |
|---|---|---|---|
| 2501572 Business Administration and Management | OT | 4 | 0 |
| 2501573 Economics | OB | 2 | 1 |
Contact
- Name:
- Ferran Brunet Cid
- Email:
- Ferran.Brunet@uab.cat
Use of Languages
- Principal working language:
- catalan (cat)
- Some groups entirely in English:
- Yes
- Some groups entirely in Catalan:
- Yes
- Some groups entirely in Spanish:
- Yes
Teachers
- Ferran Brunet Cid
- Rafael Mentges
Prerequisites
The knowledge resulting from having completed the course "Introduction to Economics" and "International Economy", ie, an understanding of basic concepts of economics and knowledge of broadly the evolution of the global economy and international relations.
Objectives and Contextualisation
Provide students with the basic tools and knowledge necessary for understanding and interpreting the processes of economic integration and globalization. The course aims to situate the importance of the phenomenon of economic integration through the analysis of regional trade agreements, financial integration, monetary zones and integration institutions. Also give an account of the technological, social and economic changes that accompany the process of globalization.
Competences
- Business Administration and Management
- Capacity for adapting to changing environments.
- Capacity for independent learning in the future, gaining more profound knowledge of previous areas or learning new topics.
- Capacity for oral and written communication in Catalan, Spanish and English, which enables synthesis and oral and written presentation of the work carried out.
- Demonstrate initiative and work individually when the situation requires it.
- Demonstrate knowledge of the structure of institutions and the state, their evolution and the consequences of possible changes, to be able to make a positive contribution to the debate about the role they play in current society.
- Identify the economic agents that make up an economy, understanding how they have been interrelated to date, how they are currently interrelated and forecast futures according to new circumstances and their influence on a specific company.
- Know how to handle the analytical framework and empirical knowledge that is offered by the economy on international relations and the most important economic areas.
- Organise the work in terms of good time management, organisation and planning.
- Select and generate the information necessary for each problem, analyse it and take decisions based on that information.
- Show motivation for carrying out quality work and sensitivity to the consequences for the environment and society.
- Value ethical commitment in professional practice.
- Work well in a team, being able to argue proposals and validate or reject the arguments of others in a reasoned manner.
- Economics
- Capacity for adapting to changing environments.
- Capacity for independent learning in the future, gaining more profound knowledge of previous areas or learning new topics.
- Demonstrate initiative and work individually when the situation requires it.
- Demonstrate knowledge of the structure of institutions and the state, their evolution and the consequences of possible changes, to be able to make a positive contribution to the debate about the role they play in current society.
- Know how to handle the analytical framework and empirical knowledge that is offered by the economy on international relations and the most important economic areas.
- Organise the work in terms of good time management, organisation and planning.
- Select and generate the information necessary for each problem, analyse it and take decisions based on that information.
- Show motivation for carrying out quality work and sensitivity to the consequences for the environment and society.
- Value ethical commitment in professional practice.
- Work well in a team, being able to argue proposals and validate or reject the arguments of others in a reasoned manner.
Learning Outcomes
- A capacity of oral and written communication in Catalan, Spanish and English, which allows them to summarise and present the work conducted both orally and in writing.
- Analyse the role of international institutions in the economy.
- Assess ethical commitment in professional activity.
- Assess the functioning and current situation of the Spanish economy.
- Capacity to adapt to changing environments.
- Capacity to continue future learning independently, acquiring further knowledge and exploring new areas of knowledge.
- Demonstrate initiative and work independently when required.
- Demonstrate motivation regarding the quality of the work performed and sensitivity regarding the consequences on the environment and society.
- Describe the main economic agents making up the Spanish and Catalan economy.
- Examine the influence and the role of Spanish public institutions in the economy.
- Identify the role of the public sector in the Spanish economy.
- Interpret the economic globalisation process and its consequences for the Spanish economy.
- List the main characteristics of the labour market in Spain.
- Organise work, in terms of good time management and organisation and planning.
- Perform an economic analysis of integration processes, in general, and of the European integration process, in particular.
- Select and generate the information needed for each problem, analyse it and make decisions based on this information.
- Work as part of a team and be able to argue own proposals and validate or refuse the arguments of others in a reasonable manner.
Content
1. Fundamentals of globalization and economic integration
2. Elements of integration: customs and monetary unions
3. Elements of European integration
4. Globalization and commercial integration
5. Regional integration in the world
6. Globalization and financial integration
7. Advanced economies vs. Emerging economies
8. Crisis, recession and economic protectionism
9. European monetary union
10. European economic policies
Methodology
Teaching will be offered on campus or in an on-campus and remote hybrid format depending on the number of students per group and the size of the rooms at 50% capacity.
Master classes (directed activity)
Class hours: 33 hours
Classes with ICT support. As the teacher gives a lecture to explain the concepts, problems and theoretical approaches of each of the sections of the program.
The instructor will provide guidance on the available bibliographic material and to consolidate and expand knowledge.
The activities proposed by the teacher
Class hours: 10.5 hours
The proposed teaching methodology may undergo some modifications according to the restrictions imposed by the health authorities on on-campus courses.
Activities
| Title | Hours | ECTS | Learning Outcomes |
|---|---|---|---|
| Type: Directed | |||
| Collection and processing of information for the performance of an essay or article | 15 | 0.6 | 5, 6, 9, 11, 8, 17, 3 |
| Practicals classes | 10.5 | 0.42 | 5, 1, 6, 7, 8, 14, 16, 17, 3 |
| Theory class | 33 | 1.32 | 2, 15, 4, 9, 13, 10, 11, 12 |
| Type: Supervised | |||
| Exercises for readings, correction of exercises and resolution of doubts, face-to-face and online tutoring | 14 | 0.56 | 1, 7, 14, 16, 17 |
| Type: Autonomous | |||
| Readings and study of the material | 53.5 | 2.14 | 2, 15, 4, 10, 12 |
Assessment
Continuous assessment consisting of a comprehensive final examination (50% of the valuation), a partial examination to verify the status of learning skills and abilities (30% of the valuation) and writing tests, conducting presentations and class exercises (20% of the valuation).
All students are required to perform the evaluation activities. If the student's grade is 5 or higher, the student passes the course and it cannot be subject to further evaluation. If the student grade is less than 3.5, the student will have to repeat the course the following year. Students who have obtained a grade that is equal to or greater than 3.5 and less than 5 can take a second chance exam. The lecturers will decide the type of the second chance exam. When the second exam grade is greater than 5, the final grade will be a PASS with a maximum numerical grade of 5. When the second exam grade is less than 5, the final grade will be a FAIL with a numerical grade equal to the grade achieved in the course grade (not the second chance exam grade).
A student who does not perform any evaluative task is considered “not evaluable”, therefore, a student who performs a continuous assessment component can no longer be qualified with a "not evaluable"
Calendar of evaluation activities
The dates of the evaluation activities (midterm exams, exercises in the classroom, assignments, ...) will be announced well in advance during the semester.
The date of the final exam is scheduled in the assessment calendar of the Faculty.
"The dates of evaluation activities cannot be modified, unless there is an exceptional and duly justified reason why an evaluation activity cannot be carried out. In this case, the degree coordinator will contact both the teaching staff and the affected student, and a new date will be scheduled within the same academic period to make up for the missed evaluation activity." Section 1 of Article 115. Calendar of evaluation activities (Academic Regulations UAB). Students of the Faculty of Economics and Business, who in accordance with the previous paragraph need to change an evaluation activity date must process the request by filling out an Application for exams' reschedule https://eformularis.uab.cat/group/deganat_feie/application-for-exams-reschedule
Grade revision process
After all grading activities have ended, students will be informed of the date and way in which the course grades will be published. Students will be also be informed of the procedure, place, date and time of grade revision following University regulations.
Retake Process
"To be eligible to participate in the retake process, it is required for students to have been previously been evaluated for at least two thirds of the total evaluation activities of the subject." Section 3 of Article 112 ter. The recovery (UAB Academic Regulations). Additionally, it is required that the student to have achieved an average grade of the subject between 3.5 and 4.9.
The date of the retake exam will be posted in the calendar of evaluation activities of the Faculty. Students who take this exam and pass, will get a grade of 5 for the subject. If the student does not pass the retake, the grade will remain unchanged, and hence, student will fail the course.
Irregularities in evaluation activities
In spite of other disciplinary measures deemed appropriate, and in accordance with current academic regulations, "in the case that the student makes any irregularity that could lead to a significant variation in the grade of an evaluation activity, it will be graded with a 0, regardless of the disciplinary process that can be instructed. In case of various irregularities occur in the evaluation of the same subject, the final grade of this subject will be 0". Section 10 of Article 116. Results of the evaluation. (UAB Academic Regulations).
The proposed evaluation activities may undergo some changes according to the restrictions imposed by the health authorities on on-campus courses.
Assessment Activities
| Title | Weighting | Hours | ECTS | Learning Outcomes |
|---|---|---|---|---|
| Exam II | 40% | 2 | 0.08 | 2, 15, 4, 9, 13, 10, 11, 12 |
| Mid-term exam | 40% | 2 | 0.08 | 2, 15, 4, 10, 12 |
| Writing essays, presentations and class exercises | 20% | 20 | 0.8 | 2, 15, 4, 5, 1, 6, 7, 9, 13, 10, 11, 12, 8, 14, 16, 17, 3 |
Bibliography
Baldwin, R y C. Wyplosz, The Economics of European Integration (6th edition), Mc Graw Hill, 2019.
Krugman, P.R., Obstfeld M. & Melitz, M., International Economics: Theory and Policy (10th edition), Pearson 2015.
Lechner, Frank & Boli, J. (eds.), The globalization reader (6th edition), Wiley-Blackwell, 2020.
Molle, W., The Economics of European Integration, Ashgate, 2006.
Ravenhill, J., Global Political Economy (5th edition), Oxford University Press, 2018.
Robson, J., International Economic Integration, Penguin Modern Economics Readings, 1972.