INTERNATIONAL ECONOMICS

INTERNATIONAL ECONOMICS

Gianfranco Di Vaio

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.

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

Group project, Individual assessment and written exam

Thesis assignment criteria

Professor's approval

Week 1

The FX Market

Week 2

The PPP Theory

Week 3

The PPP Theory

Week 4

The Monetary Approach in the Long Run

Week 5

The Monetary Approach in the Long Run

Week 6

The Monetary Approach in the Long Run

Week 7

The Asset Approach in the Short Run

Week 8

The Asset Approach in the Short Run

Week 9

The Asset Approach in the Short Run

Week 10

The BOP

Week 11

The BOP

Week 12

The BOP