International and Development Economics
A.Y. 2022/2023
Learning objectives
The course introduces the concepts and theoretical schemes needed to understand how the main macroeconomic variables in an open economy are determined and modified as a result of fiscal and monetary policy.
Expected learning outcomes
The purpose of the course is to provide students with a good understanding of the meaning and the correctness of the economic information transmitted by the mass media; and then to introduce to the main economic policies of the government, of the Central Bank and the major international public actors in a macroeconomic context.
Lesson period: Second semester
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 semester
Course syllabus
Introduction to macroeconomics, data definition, measurement and analysis.
Part I Growth Theory: The Economy in the Very Long Run.
Capital Accumulation as a Source of Growth
Solow's model: capital accumulation, Population Growth and Technological Progress
Growth Empirics and Policy
Special topics: inequality, globalization and economic growth; SDGs and HDI; growth policies and global partnership for sustainable development.
Part II The Open Economy
The Open Economy: introduction to international flows of capital and goods and the market of exchange rates
The Open Economy Revisited: The Mundell-Fleming Model and the Exchange-Rate Regime
Special topics: Multilateral trade coordination, genesis and development of international trade and global governance institutions, international monetary and financial coordination, policies for international development and cooperation.
Part V: Topics in Macroeconomic Policy Debates
Alternative Perspectives on Stabilization Policy
Government Debt and Budget Deficits
Currency areas, monetary unions and the European Union
The Financial System: Opportunities and Dangers
Finally, the course aims to deepen and interpret, in the light of the concepts introduced, some transversal topics, connected to the integrated vision of the Sustainable Development Goals (SDGs) of the UN 2030 Agenda (Goals: 1, 4, 8, 10).
Part I Growth Theory: The Economy in the Very Long Run.
Capital Accumulation as a Source of Growth
Solow's model: capital accumulation, Population Growth and Technological Progress
Growth Empirics and Policy
Special topics: inequality, globalization and economic growth; SDGs and HDI; growth policies and global partnership for sustainable development.
Part II The Open Economy
The Open Economy: introduction to international flows of capital and goods and the market of exchange rates
The Open Economy Revisited: The Mundell-Fleming Model and the Exchange-Rate Regime
Special topics: Multilateral trade coordination, genesis and development of international trade and global governance institutions, international monetary and financial coordination, policies for international development and cooperation.
Part V: Topics in Macroeconomic Policy Debates
Alternative Perspectives on Stabilization Policy
Government Debt and Budget Deficits
Currency areas, monetary unions and the European Union
The Financial System: Opportunities and Dangers
Finally, the course aims to deepen and interpret, in the light of the concepts introduced, some transversal topics, connected to the integrated vision of the Sustainable Development Goals (SDGs) of the UN 2030 Agenda (Goals: 1, 4, 8, 10).
Prerequisites for admission
Basic skills in mathematics and logic.
Teaching methods
Frontal lessons and individual study.
The course will address different topics of economic science through a mainly descriptive and not very formalized approach with the help of graphs, examples and applications drawn from real world and daily experience.
The course will address different topics of economic science through a mainly descriptive and not very formalized approach with the help of graphs, examples and applications drawn from real world and daily experience.
Teaching Resources
Mankiw N. G., Taylor, M., P., 2015, Macroeconomics, Sixth Italian edition, Zanichelli. Chapters: 1, 6, 8-9, 13, 15-17, 20.
Further materials used by the teacher will be discussed and made available during the lessons on Ariel.
Further materials used by the teacher will be discussed and made available during the lessons on Ariel.
Assessment methods and Criteria
The exam consists in a single written test covering the entire program.
The written test is aimed at verifying the students' disciplinary knowledge and interpretative and argumentative skills as well as the reasoning skills based on the theoretical tools presented during the course.
The exam consists of a series of open questions and might include definitions and theoretical explanations, the resolution of simple economic problems and/or completing or drawing simple graphs.
The final mark is expressed in 30 points. Each question is worth a variable number of points depending on the question and will be made explicit on the text. The final mark is given by the sum of the points obtained in the answers.
The written test is aimed at verifying the students' disciplinary knowledge and interpretative and argumentative skills as well as the reasoning skills based on the theoretical tools presented during the course.
The exam consists of a series of open questions and might include definitions and theoretical explanations, the resolution of simple economic problems and/or completing or drawing simple graphs.
The final mark is expressed in 30 points. Each question is worth a variable number of points depending on the question and will be made explicit on the text. The final mark is given by the sum of the points obtained in the answers.
SECS-P/01 - ECONOMICS - University credits: 6
Lessons: 40 hours
Professors:
Bozzano Monica, Graffi Alessandro, Parravicini Paola
Professor(s)
Reception:
14.30 -15.30
Dipartimento di Diritto Privato e Storia del Diritto, stanza 1117