Requirements: Intermediate English Level
Director: Dr. Andrés Pedreño Muñoz
Profesor del Dpto. Análisis Económico Aplicado
Universidad de Alicante, España.
Co-director: Dr. Carlos Seiglie
Department of Economics
College of Arts and Sciences
Rutgers University – New Jersey- EEUU
From July 9 to July 20
This International two-week program, taught in English, is an excellent opportunity for cross-cultural learning between different students. Students from Rutgers University (USA) and from different European universities, including Alicante, participate in this program. Several outdoor activities and field trips are included (company visits, cultural activities).
*Official Diploma: 5 ECTS credits (40 contact hours)
* Classes run MONDAYS through THURSDAYS in the morning from 9 am to 1:30 pm
* Classes taught in English - Prerequisite: Intermediate level of English.
MODULE A: RUTGERS University
MODULE B: University of Alicante
MODULE A -- RUTGERS University, EEUU
INTERNATIONAL ECONOMICS AND MACROECONOMICS
Professor Carlos Seiglie, Rutgers University
1. COURSE DESCRIPTION:
This class will present an introduction to balance of payments and exchange rate theory; internal and external adjustment under fixed and flexible exchange rates; international markets; capital mobility and expectations; international policy coordination and optimum currency areas; exchange rate crises. Class meetings will consist of lectures.
2. LEARNING OBJECTIVES: The primary objective of the course is to provide the basic tools needed to analyze the foreign exchange market, inflation and business cycles in an interdependent world and the effectiveness and limitations of government policy in an open economy. A secondary objective is to provide you with a basis for pursuing further studies of the field at a higher level of abstraction later on in your academic career. Upon completion of this course, you will be able to:
1. Understand the implications of a country being open to trade for macroeconomic policy.
2. Have a basic understanding of the foreign exchange market, the determination of exchange rates in both the short run and long run and its implication and interaction with a country’s balance of payments.
3. Develop an understanding of factors that can lead to exchange rate crises, the criteria for an optimum currency area.
3. EVALUATION: Your grade in this class will depend on your performance on a midterm exam (50%), and a non-cumulative final exam (50%). There will be no make-up exams given.
It is extremely valuable for students to read the Wall Street Journal, The Economist or the Financial Times to keep abreast of changes in the international environment. Articles on issues discussed in these publications will motivate some class discussions.
MODULE B -- University of Alicante
Title of the Course: INTERNATIONAL ECONOMICS AND TOURISM
Prof. Ana Ramón, University of Alicante
1. COURSE DESCRIPTION: Over a third of global service commerce corresponds to tourism. Gains from international tourism during the period 1960-2008 have registered an annual growth rate of 10.6% at standard prices.
This course will have special interest on the process of tourism globalization in its various forms, the relationship between international tourism, global companies and capital flows, and information technologies affecting global connectivity in relation to entrepreneurs, labour and tourism.
2. LEARNING OBJECTIVES: Students will learn about the challenges the tourism industry is facing at the present: its constant demand transformations, the appearance of new destinations and the much greater personalization of services offered, the role of information technologies in the process, all this under the umbrella of service liberalization. Additionally, the ever greater tourism fragmentation and therefore, of the value chain, simplifies the externalization of some tourism services, which encourages collaboration with other related sectors.
3. EVALUATION: Your grade in this class will depend on your class attendance, performance on a final exam and a presentation (team work).