International Economics and Policy
A.Y. 2020/2021
Learning objectives
The course is an introduction to international trade theory and policy. As result of the course students will be able to:
- understand the determinants of international exchanges;
- analyze the consequences of trade liberalization;
- evaluate the possible outcomes of different trade policy tools;
- predict the effects of labor and capital mobility.
- understand the determinants of international exchanges;
- analyze the consequences of trade liberalization;
- evaluate the possible outcomes of different trade policy tools;
- predict the effects of labor and capital mobility.
Expected learning outcomes
Knowledge and Understanding: This course provides an introduction to the theory of international trade and international factor mobility. It will also introduce and analyze the effects of the basic international trade policy tools.
Applying Knowledge and Understanding: As a result of the course, the students will be able to understand why countries trade, what are the consequences of trade in terms of welfare and income distribution, and what kind of instruments government use to affect trade flows.
Making Judgements: As a result of the course, students will be able to better understand the economic and political consequences of international trade and factor mobility, and make more informed assessments of the costs and benefits of globalization.
Communication Skills: The course will familiarize students with the basic concepts of international trade and will enable them to make more precise and well defined assessments of the debates related to globalization.
Learning Skills: Through the widespread use of exercises to understand the working of the economic models presented in class, the students will improve their problem solving skills and develop their ability to understand the role played by alternative assumptions in the development of theoretical economic frameworks.
Applying Knowledge and Understanding: As a result of the course, the students will be able to understand why countries trade, what are the consequences of trade in terms of welfare and income distribution, and what kind of instruments government use to affect trade flows.
Making Judgements: As a result of the course, students will be able to better understand the economic and political consequences of international trade and factor mobility, and make more informed assessments of the costs and benefits of globalization.
Communication Skills: The course will familiarize students with the basic concepts of international trade and will enable them to make more precise and well defined assessments of the debates related to globalization.
Learning Skills: Through the widespread use of exercises to understand the working of the economic models presented in class, the students will improve their problem solving skills and develop their ability to understand the role played by alternative assumptions in the development of theoretical economic frameworks.
Lesson period: Third 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
Responsible
Lesson period
Third trimester
Course syllabus
Part 1 (Credits 1-3)
- General introduction on globalization, trade flows and the international movement of production factors
-Technological differences and international trade: The Ricardian Model
-Trade and income distribution: The Specific Factors Model
- Resources and international trade: The Heckscher-Ohlin Model
Part 2 (Credits 4-6)
- External economies and intraindustry trade
- International flows of production factors: An overview
- Understanding international migration
- Firms in the global economy
Part 3 (Credits 7-9)
- The instruments of trade policy
- Perfectly competitive markets: The impact of a tariff in a small and large open economy; partial and general equilibrium analysis
- Non Tariff Barriers
- Trade policy under imperfect competition
- The economics of preferential trading agreements
- The Political Economy of Protection
- General introduction on globalization, trade flows and the international movement of production factors
-Technological differences and international trade: The Ricardian Model
-Trade and income distribution: The Specific Factors Model
- Resources and international trade: The Heckscher-Ohlin Model
Part 2 (Credits 4-6)
- External economies and intraindustry trade
- International flows of production factors: An overview
- Understanding international migration
- Firms in the global economy
Part 3 (Credits 7-9)
- The instruments of trade policy
- Perfectly competitive markets: The impact of a tariff in a small and large open economy; partial and general equilibrium analysis
- Non Tariff Barriers
- Trade policy under imperfect competition
- The economics of preferential trading agreements
- The Political Economy of Protection
Prerequisites for admission
Principles of Economics
Teaching methods
Lectures and Tutorial Sessions
Teaching Resources
McLaren "International Trade, Wiley
Assessment methods and Criteria
The evaluation will be based on:
- Presentation (25% of the final grade). Students will be assigned to a group and to a topic and there will be a presentation and discussion in class in which all students must present and participate.
- Essay (25% of final grade) Students will write a short essay (2 pages, times new roman 12pt, single spaced, bibliography not included in the count) to present their personal perspective on the topic assigned for the presentation
- Final exam (50% of final grade) which will be oral.
- Presentation (25% of the final grade). Students will be assigned to a group and to a topic and there will be a presentation and discussion in class in which all students must present and participate.
- Essay (25% of final grade) Students will write a short essay (2 pages, times new roman 12pt, single spaced, bibliography not included in the count) to present their personal perspective on the topic assigned for the presentation
- Final exam (50% of final grade) which will be oral.
Professor(s)