INTERNATIONAL ECONOMICS
Instructional goals
The course aims at giving students a better understanding of international macroeconomics and the world economy
Intended learning outcomes
Making judgements:
Through both theoretical and practice front lessons but also with in-class presentations, and working group projects, this course will allow the students to enhance their ability to make judgements and to develop critical thinking on complex topics in the field of international macroeconomics, which span from the functioning of the FX and financial markets to monetary and fiscal policy decisions and the functioning of open and interconnected economies worldwide.
Communications Skills:
This course will allow students to enhance their communications skills in the field of international macroeconomics, by communicating, in the most effective and appropriate way, their ideas, proposals, analyses and critical reasoning on complex topics which rule countries, policy makers and financial markets worldwide.
Learning skills:
This course will contribute to empower learners giving them the tools to understand, among other things, the functioning of open and interconnected economies worldwide, the functioning of the FX and financial markets, the decisions taken by monetary and fiscal policy makers both in ordinary times and in times of crisis, which all have a direct impact on citizens, enterprises and investors.
Course Contents
The course focuses on topics in open economy macroeconomics, with analysis of theoretical models, presentation of empirical data and discussion on practitioners’ view of selected issues: globalization of the world economy, global financial crisis, sovereign debt crisis and Covid-19 crisis, global imbalances, European financial system, etc.
Reference Books
Class presentations and materials included in the textbook – Feenstra R.C. and Taylor A., International Macroeconomics (last Ed.)
Teaching Methods
Class presentations and seminars
Assessment Method
Written exam
Thesis assignment criteria
Professor's approval
Does the syllabus cover sustainability topics?
Yes
Week 1 Contenuto sessioni on line e on campus
Introduction to the Topic: The Global Macroeconomy and The FX Market: Arbitrage and Interest Rates
Week 2 Contenuto sessioni on line e on campus
The PPP Theory
Week 3 Contenuto sessioni on line e on campus
The Financial Crisis I and The Monetary Approach in the Long Run
Week 4 Contenuto sessioni on line e on campus
The Financial Crisis II
Week 5 Contenuto sessioni on line e on campus
Exchange Rates and Interest Rates in the Short Run: The Asset Approach and the Trilemma
Week 6 Contenuto sessioni on line e on campus
G20 and other governance fora
Week 7 Contenuto sessioni on line e on campus
The sovereign debt crisis and the Covid-19 crisis
Week 8 Contenuto sessioni on line e on campus
Finance for Growth and the Capital Market Union and National and International Accounts: The BoP
Week 9 Contenuto sessioni on line e on campus
The Long-Run Budget Constraint
Week 10 Contenuto sessioni on line e on campus
Financial Globalization: Consumption Smoothing and Efficient Investment
Week 11 Contenuto sessioni on line e on campus
European banks and European financial system
Week 12 Contenuto sessioni on line e on campus
FDI and FDI policies and World trade