International Economics
A.Y. 2020/2021
Learning objectives
Scopo del corso è offrire un'introduzione alla teoria del commercio internazionale nei flussi commerciali fra paesi e fornire un'analisi di base dell'economia monetaria internazionale. Verranno presentati i modelli neoclassici (Ricardo, modello a fattori specifici, Heckscher Ohlin) e i modelli della cosiddetta "nuova teoria" del commercio internazionale, basati su forme di mercato non perfettamente concorrenziali. Si passerà quindi all'analisi della mobilità internazionale dei fattori di produzione e agli strumenti della politica commerciale. L'ultima parte del corso sarà dedicata a una introduzione all'economia monetaria internazionale, con particolare riferimento alla macroeconomia aperta, alla politica monetaria in economia aperta, al mercato valutario e ai modelli di tasso di cambio.
Expected learning outcomes
Undefined
Lesson period: Second trimester
Assessment methods: Esame
Assessment result: voto verbalizzato in trentesimi
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
Second trimester
Teaching methods
Lectures will be held in the classroom. If the situation worsens, lessons will be delivered through the Microsoft Teams platform.
Program and reference material
The programme and reference material will not be affected. All supporting educational material will always be made available through the Ariel platform.
Assessment criteria
The examination will take place in the classroom in written form or, where the situation does not allow it, in oral form using the Microsoft Teams platform
Lectures will be held in the classroom. If the situation worsens, lessons will be delivered through the Microsoft Teams platform.
Program and reference material
The programme and reference material will not be affected. All supporting educational material will always be made available through the Ariel platform.
Assessment criteria
The examination will take place in the classroom in written form or, where the situation does not allow it, in oral form using the Microsoft Teams platform
Course syllabus
Unit 1
General introduction on globalization, direction of trade flows and their composition
The Ricardian model
The model with specific factors
The Heckscher-Ohlin model
Unit 2
The standard trade model
Economies of scale, imperfect competition, external economies, multinational companies
The instruments of trade policy
Unit 3
National Accounting and Balance of Payments
Exchange rates and currency markets
Currency, interest rates and exchange rates
Price level and exchange rate. PPP
General introduction on globalization, direction of trade flows and their composition
The Ricardian model
The model with specific factors
The Heckscher-Ohlin model
Unit 2
The standard trade model
Economies of scale, imperfect competition, external economies, multinational companies
The instruments of trade policy
Unit 3
National Accounting and Balance of Payments
Exchange rates and currency markets
Currency, interest rates and exchange rates
Price level and exchange rate. PPP
Prerequisites for admission
Microeconomics, Macroeconomics
Teaching methods
Lectures
Teaching Resources
KRUGMAN, P., M. OBSTFELD e M. MELITZ, Economia Internazionale, Volume I, 11a edizione, Pearson Addison Wesley, Milano 2019. Chapters 1, 2, 3, 4, 5, 6, 7, 8, 9
KRUGMAN, P., M. OBSTFELD e M. MELITZ, Economia Internazionale, Volume II, 11a edizione, Pearson Addison Wesley, Milano 2019. Chapters 2, 3, 4, 5
KRUGMAN, P., M. OBSTFELD e M. MELITZ, Economia Internazionale, Volume II, 11a edizione, Pearson Addison Wesley, Milano 2019. Chapters 2, 3, 4, 5
Assessment methods and Criteria
The final examination consists of a written test consisting of three questions relating to the part of international trade and of two questions relating to the monetary economics. These questions may consist of theoretical questions or exercises.
SECS-P/01 - ECONOMICS - University credits: 9
Lessons: 60 hours
Professor:
Meraviglia Laura