504827 - INTERNATIONAL ECONOMICS AND POLICY

insegnamento

ID:

504827

Durata (ore):

44

CFU:

SSD:

POLITICA ECONOMICA

Anno:

2024

Periodo di attività

Primo Semestre (23/09/2024 - 20/12/2024)

Obiettivi Formativi

The course provides the tools to analyse international trade and international macroeconomics.
After this course the student will be able to understand and interpret the global scenario with respect to trade policies, exchange rate policies and macroeconomic policies in general. Furthermore, the 9 ECTS course will give the students insights on the behavior of multinational enterprises.
The course aims to contribute to the awareness and knowledge of the 17 sustainable development goals (SDG) promoted by the UN by 2030, with special attention to the contribution that economic theory brings to the attainment of the goals:
1. No Poverty
8. Decent Work and Economic Growth
9. Industry, Innovation and Infrastructure
16. Peace, Justice and Strong Institutions

Prerequisiti

Knowledge of the main concepts from microeconomics (consumer behaviour and demand theory; market equilibrium with perfect competition, monopoly and monopolistic competition) and macroeconomics (national accounting, IS-LM model). Knowledge of the basic concepts of statistical inference.

Metodi didattici

6 ECTS : Lectures will take place in presence on the premises of the University.

9 ECTS: Includes also students’ presentations on related topics.

Verifica Apprendimento

Written exam. Three open questions, divided in sub-points. Each question gets 10 points max. Time: 1h

up to 2 additional points can be earned through participation in class and will be considered only once, the first time the student sits for the exam, in the first two exam dates.

9 ECTS only: up to 4 additional points can be earned through a compulsory paper presentation during the course and will be considered only once, the first time the student sits for the exam, in the first two exam dates (January or February).

Testi

6 ECTS:
Part A: Krugman P., Obstfeld, M., Melitz, M. International Economics. Theory and Policy, Pearson,

Part B: Krugman P., Obstfeld, M., Melitz, M. International Economics. Theory and Policy, Pearson, and additional instructor’s notes

Additional references on current events (i.e. articles from newspapers) will be discussed in class, see the "Course Material" tab in KIRO.

9 ECTS only:

Part C: Barba Navaretti, G., Venables, A. J. Multinational Firms in the World Economy, Princeton University Press

Contenuti

6 ECTS: part A and B

9 ECTS: part A, B and C

Part A
- International trade theory:
- The gravity model
- The Ricardian model
- The Hecksher-Ohlin model
- The Krugman model
- The instruments of trade policy

Part B
- The balance of payments
- National accounts in open economies
- Exchange rates and prices
- Exchange rates and interest rates
- Exchange rate and trade balance
- Models of exchange rate determination
- Fixed exchange rates regimes
- The Mundell-Fleming model
- Currency crises

Part C
- Empirical evidence on foreign direct investments (FDIs)
- The theory of multinational enterprises (MNEs):
- Horizontal foreign direct investments
- Vertical foreign direct investments
- The boundaries of the firm
- The determinants of FDI
- The effects of MNEs on host countries
- The effects of MNEs on home countries

Lingua Insegnamento

Inglese

Altre informazioni

On the KIRO web page of this course you can find:
- Slides and lecture notes;
- Additional readings that are part of the program;
- Slides of your presentations;
- All information concerning schedule, changes in timetable, etc.