International Monetary Economics

A.Y. 2019/2020
9
Max ECTS
60
Overall hours
SSD
SECS-P/01
Language
English
Learning objectives
The course develops the theoretical tools to understand and interpret the main policy-relevant issues in international macro. The aim is to provide students with the conceptual apparatus needed to discuss both the causes and the macroeconomic implications of topics currently at the centre of the policy debate such as: global financial imbalances, proposed changes in the international financial architecture, the single currency in Europe, the recent financial crisis.
Expected learning outcomes
Undefined
Single course

This course cannot be attended as a single course. Please check our list of single courses to find the ones available for enrolment.

Course syllabus and organization

Single session

Lesson period
Third trimester
Course syllabus
PART I - Topics in Macroeconomics, Open Economy and Sustainable Growth
The course aims at introducing the student to some topics of general and current interest in the field of macroeconomics and growth in an international perspective.
1. Macroeconomic magnitudes: deifinition and measurement
a. Gross Domestic Product
b. Price indices
c. Unemployment
d. What is money ?
2. The balance of payments and the foreign exchange market
a. Foreign trade and the balance of payments
b. Demand and supply for currency
3. Economic growth: facts and explanations
a. Patterns of growth
b. Growth theories (sketch)
4. Sustainable growth
a. The idea of sustainability
b. How to measure "environment" and "environmental quality"
c. Tools for environmental policy and sustainable growth

PART II -Topics of Economics of Migration
This section provides a preliminary outline of topics discussed (changes may apply):

Part I: Migration Decisions and Global Consequences of Migration
1. The economics of immigration: an introduction
2. Modelling Migration Decisions and the Self-Selection of Migrants
3. Empirical Evidence on Migrant Self-Selection

Part II: Consequences of Immigration in the destination country
4. Economic Assimilation of Immigrants
5. The Economic Effects of Immigration on Wages and Employment
6. The Fiscal Impact of Immigration
7. Consequences of Highly Skilled Immigration
8. Immigration and Political Outcomes
9. The Age of Mass Migration
Prerequisites for admission
PART I - Topics in Macroeconomics, Open Economy and Sustainable Growth
Familiarity with basic economic concepts.
PART II -Topics of Economics of Migration
Familiarity with basic statistical concepts and regression analysis will be extremely useful.
Teaching methods
PART I - Topics in Macroeconomics, Open Economy and Sustainable Growth
40 hours of lectures
Lecture Notes, slides and data provided online by the teacher to be posted on Ariel. Audio recordings should be posted on line.
PART II -Topics of Economics of Migration
20 hours of lectures
Lecture slides will be posted on Ariel. Audio recordings of the lectures will also be posted on Ariel at the end of each class.
Teaching Resources
PART I - Topics in Macroeconomics, Open Economy and Sustainable Growth
Parts 1-2
Lecture Notes, slides and data provided online by the teacher
Part 3
Rogers, M. (2003) "A Survey of Economic Growth" The Economic Record, 79, 112-135
Part 4
IPCC (2014) "Climate Change 2014-Synthesis report"
UN (1997) "Our Common Future" (Brundtland Commission) - Part I
EPI "2018 Environmental Performance Index"

PART II -Topics of Economics of Migration
Borjas, George J., Immigration Economics, Cambridge: Harvard University Press, 2014
Further suggested reading will be given at the end of each class and a final list will be posted on Ariel.
Assessment methods and Criteria
PART I - Topics in Macroeconomics, Open Economy and Sustainable Growth
The module is assessed by an end-of-year exam.
PART II - Topics of Economics of Migration
The module is assessed by an end-of-year exam (80%) and coursework (20%), which consists of a policy briefing paper, critically discussing a paper from the field of the economics of migration. More details on the assessment will be given at the beginning of the course.
Unita' didattica
SECS-P/01 - ECONOMICS - University credits: 6
Lessons: 40 hours
Professor: Vaglio Alessandro
Shifts:
-
Professor: Vaglio Alessandro
Unita' didattica
SECS-P/01 - ECONOMICS - University credits: 3
Lessons: 20 hours
Professor: Rosso Anna Cecilia
Shifts:
-
Professor: Rosso Anna Cecilia