The course provides the tools to analyse international trade and international macroeconomics. After completing this course, students will be able to understand and interpret the global landscape regarding trade policies, exchange rate policies, and macroeconomic policies in general. The course aims to enhance awareness and understanding of the 17 sustainable development goals (SDGs) promoted by the UN by 2030, with a particular focus on how economic theory contributes to achieving these 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
Lectures will be held in person on the university premises. The course also includes students’ presentations on related topics.
Verifica Apprendimento
Written exam. Three open-ended questions, each divided into sub-points. Each question is worth a maximum of 10 points. Time limit: 1 hour.
Up to 2 additional points can be earned through class participation and will be considered only once, the first time the student takes the exam, in the first two exam dates (January or February).
Up to 2 additional points can be earned through an article’s presentation during the course and will be considered only once, the first time the student takes the exam, in the first two exam dates.
Testi
Krugman P., Obstfeld, M., Melitz, M. International Economics. Theory and Policy, Pearson Lecture notes from the professor on selcted topics. Additional references on current events (i.e. articles from newspapers) will be discussed in class, see the "Course Material" tab in KIRO.
Contenuti
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
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; - All information concerning the schedule, changes in the timetable, etc.
