International and Development Economics
A.Y. 2023/2024
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 can be attended as a single course.
Course syllabus and organization
Single session
Responsible
Lesson period
Second semester
Course syllabus
Part I Fundamentals
Introduction to macroeconomics, data definition, measurement and analysis.
The closed economy: review.
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: Globalization and international integration, 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 III 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; development policy evaluation and aid effectiveness
Part IV: Selected topics in International and Development Economics: recent debates
Among others: Government Debt and Budget Deficits, Currency areas, monetary unions and the European Union
Introduction to macroeconomics, data definition, measurement and analysis.
The closed economy: review.
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: Globalization and international integration, 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 III 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; development policy evaluation and aid effectiveness
Part IV: Selected topics in International and Development Economics: recent debates
Among others: Government Debt and Budget Deficits, Currency areas, monetary unions and the European Union
Prerequisites for admission
Strong knowledge of Fundamentals of economics or International political economy (a.y. 22-23).
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.
Krugman P.R., Obstfeld M., Melitz M.J., Economia Internazionale - 2, Economia monetaria internazionale Vol. 2, Twelfth Italian edition. Pearson Education Italia. Selected chapters.
P. Montalbano, U. Triulzi: La Politica Economica Internazionale, Interdipendenze, Istituzioni e Coordinamento della Governance globale, UTET Università, 2012. Selected chapters.
Further materials used by the teacher will be discussed and made available during the lessons on Ariel. They will integrate the course material and be part of the program for the exam.
Krugman P.R., Obstfeld M., Melitz M.J., Economia Internazionale - 2, Economia monetaria internazionale Vol. 2, Twelfth Italian edition. Pearson Education Italia. Selected chapters.
P. Montalbano, U. Triulzi: La Politica Economica Internazionale, Interdipendenze, Istituzioni e Coordinamento della Governance globale, UTET Università, 2012. Selected chapters.
Further materials used by the teacher will be discussed and made available during the lessons on Ariel. They will integrate the course material and be part of the program for the exam.
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.
Educational website(s)
Professor(s)