Syllabus Information

5.3. Syllabus

The course will address the following topics:

SECTION I. ECONOMIC GLOBALIZATION

-       Integration: concept and stages. Commodity and capital markets

-       Commodity market integration (I): integration theory

-       Commodity market integration (II): trade costs

-       Commodity market integration (III): measuring trade barriers

-       Commodity market integration (IV): effects of trade on growth

-       Capital market integration (I): determinants

-       Capital market integration (II): indicators

-       Capital market integration (III): effects of international capital flows on growth

SECTION II. SPAIN IN INTERNATIONAL ECONOMY

-       Foreign sector in historical perspective

-       Trade and protectionism during the backward years

-       The peseta during the gold standard period

-       Isolation and multiple exchange rates

-       Trade and capital during the openness and integration period