INTERNATIONAL ECONOMICS

INTERNATIONAL ECONOMICS

Roberta De Santis, Stefano Manzocchi, Cecilia Susanna Jona Lasinio

Obiettivi formativi

Knowledge and understanding: The student - by participating in the lectures and practical activities of the course - will develop the ability to understand the links among the main international economics indicators. At the end of the course there will be a written test. Applying knowledge and understanding: The student - acquiring the correct tools and methods - will be able to interpret, apply and present the reference interpretative models on international economics. Making judgements: Through the methodologies acquired during the course, students will develop problem-analysis skills and the ability to identify the information necessary to solve them. In particular, the course fosters the development of critical thinking, problem-solving, self-management, teamwork, relationship and communication skills, thereby enhancing the applicability of disciplinary knowledge. Communication skills: At the end of the course the student will be able to use the business and technical vocabulary of international economics, addressing the legal issues at hand with terminological accuracy. Through the various activities that will take place during the course, the student will be able to put these communication skills into practice in various contexts, by adapting the terms used to the interlocutor in the specific case, thus gaining advanced rhetorical skills necessary for his/her professional career. Learning skills: The technical-economic knowledge acquired during the course will allow the student to autonomously understand and interpret international economics techniques and adapt them to the specific reference context. The student will develop a solid knowledge of the fundamental aspects of the subject that will allow him to continue to deepen the topics addressed independently and to undertake the various post-graduate professional training courses.

Risultati di apprendimento attesi

Knowledge and understanding: The student by participating in the lectures and practical activities of the course - will have developed the ability to understand the links among the main international variables. At the end of the course there will be a written test Applying knowledge and understanding: The student - acquiring the correct tools and methods - will be able to interpret, apply and present the reference interpretative models of the international trade and macroeconomics. At the end of the course there will be a written test Making judgements: The student, through the use of the methodologies acquired during the course, will have acquired problem-analysis skills and the ability to identify the information necessary for their solution. Specifically, critical thinking, problem solving, self-management, teamwork, relationship and communication skills will be adequately developed, which enhance and make the disciplinary skills more usable. Communication skills: At the end of the course the student will be able to use the business and technical vocabulary of international economics, addressing the legal issues at hand with terminological accuracy. Through the various activities that will take place during the course, the student will be able to put these communication skills into practice in various contexts, by adapting the terms used to the interlocutor in the specific case, thus gaining advanced rhetorical skills necessary for his/her professional career. Learning skills: The technical-economic knowledge acquired during the course will allow the student to autonomously understand and interpret the international economics literature. The student will develop a solid knowledge of the fundamental aspects of the subject that will allow him to continue to deepen the topics addressed independently and to undertake the various post-graduate courses.

Contenuti Del Corso

Introduction to the theory of international economics

Testi Di Riferimento

International Economics: Theory and Politics , by P. Krugman, M. Obstfeld and M. Melitz, 12th ed.

Metodologie Didattiche

Lectures by instructors, review and exercise sessions

Modalità di verifica dell'apprendimento

The student will be evaluated on the basis of the individual scores achieved on a final written exam through which to assess the knowledge and understanding of teaching and the autonomy of judgment. The written test consists of a mix of open-ended questions and exercises, with which the student have to demonstrate knowledge of the theoretical notions of teaching, knowing how to apply them in practical cases demonstrating that he has achieved the method of study and the learning ability necessary to continue the study of the subject autonomously. The failure to achieve at least the score of 18/30 will result in failure to pass the exam. Excellent level of preparation in all open questions and the correct execution of all the exercises will result in a score of 30/30 cum laude

Criteri per l’assegnazione dell’elaborato finale

Interest in the subject and to have attended the course.

Settimana 1

Course Introduction (Chapter 1) Overview of current world trade trends (Chapter 2) Labor Productivity and Comparative Advantage: The Ricardian Model I (Chapter 3)

Settimana 2

Labor Productivity and Comparative Advantage: The Ricardian Model II (Chapter 3) Resources and Trade: The Heckscher-Ohlin Model I (Chapter 5) Assign problem set 1

Settimana 3

Resources and Trade: The Heckscher-Ohlin Model II (Chapter 5) The Standard Trade Model: increasing returns to scale I (Chapter 6)

Settimana 4

The Standard Trade Model: increasing returns to scale II (Chapter 6) External Economies of Scale and the International Location of Production (Chapter 7)

Settimana 5

External Economies of Scale and the International Location of Production (Chapter 7) Firms in the Global Economy: Export Decisions, Outsourcing, Multinational Enterprises and Foreign direct investment (Chapter 8) Assign problem set 2

Settimana 6

The Instruments of Trade Policy (Chapter 9) National Income Accounting and the Balance of Payments (Chapter 13)

Settimana 7

Exchange Rates and the Foreign Exchange Market: An Asset Approach (Chapter 14)

Settimana 8

Money, Interest Rates, and Exchange Rates (Chapter 15) Assign problem set 3

Settimana 9

Money, Interest Rates, and Exchange Rates (Chapter 15) Price Levels and the Exchange Rate in the Long Run (Chapter 16)

Settimana 10

Price Levels and the Exchange Rate in the Long Run (Chapter 16) Output and the Exchange Rate in the Short Run (Chapter 17) Problem set 4

Settimana 11

Output and the Exchange Rate in the Short Run (Chapter 17)

Settimana 12

Fixed Exchange Rates and Foreign Exchange Intervention (Chapter 18)