Cursos / 1º Ciclo / Faculty of Economy and Business Management :: Economics

Versao Portuguesa


2º curricular year
Semestralidade: 2nd semester


Leading Teacher: Prof. Doutora Erika Laranjeira
Assistant Professor: Prof. Doutora Erika Laranjeira

Class type and School hours

Orientação Tutorial : 1 Horas
Teórico-prática : 2 Horas

Main Aims/Objectives

Develop skills directed to decision-making within public or private organizations following strong internationalization trends on a global scale .
Without the mega- environmental knowledge constituted by the political and economic relations between Nations , in which the organizations are open systems , the risk of making biased decisions , hasty and incomplete prevails can result in incalculable losses for all economic actors .

Specific Aims/Objectives

Understand the importance, advantages and disadvantages of International Trade for different stakeholders, and for society as a whole.
Understand the changes in the economic world and analyze the real problems of international economic policy.

Skills to be acquired

Understand economically the reasons that lead countries to establish commercial relationships, and the advantages that can arise.
Analyze and propose solutions to the problems that arise from the economic interaction between sovereign states.

Teaching Procedures

In theoretical classes the exposed material is always accompanied by an illustration showing real cases. The tutorial classes are designed to clarify questions and do some exercises about the issues taught in the theoretical classes.


1. Introduction to International Economics

2. Classical Theory of International Trade
  2.1. Mercantilism
  2.2. Theory of Absolute Advantage
  2.3. Theory of Comparative Advantage by David Ricardo

3. Neoclassical Theory of International Trade
  3.1. Model of Mill and Marshall
  3.2. The Hecksher-Ohlin Model
  3.3. Empirical Findings from the Hecksher-Ohlin Model
  3.4. Additional Theories and Extensions to the Hecksher-Ohlin Model

4. Trade Policy
  4.1. Foreign Trade Policy Instruments
  4.2. Analysis of the Impact of Trade Policies

5. Introduction to Economic Integration

Evaluation Type

Two tests.

Teaching Resources

Materials provided in classes.


International Economics
Foreign Trade
Absolute Advantage
Relative Advantage
Factorial Allocation
Trade Policy
Economic Integration

Main Bibliography

Author KRUGMAN, Paul; OBSTFELD, Maurice
Title International Economics: Theory and Policy
Edition 11ª Ed.
Place EUA
Editor Pearson
Year 2018
Author APPLEYARD, Dennis; FIELD, Alfred
Title International Economics
Edition 9ª Ed.
Editor Mcgraw-hill Series Economics
Year 2016
Author SALVATORE, Dominick
Title International Economics: Trade and Finance
Edition 12ª Ed.
Place EUA
Editor Wiley
Year 2016